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Corsa Sport » Message Board » Off Day » House Day » Mortgage (First Time Buyer) » Post Reply
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AndyKent |
posted on 13th May 11 at 06:21 |
They don't have to bring 95% mortgages back in at all. If the market readjusted to more sensible/affordable prices there wouldn't be a problem. | |
Dave |
posted on 12th May 11 at 22:42 |
95% will come back mainstream eventually, they have to. When you say an average house is £150k very few first time buyers will have £15k+ for a deposit. I appreciate you work your way up the property ladder but in some areas £150k get's you nothing. | |
sloworm |
posted on 12th May 11 at 21:19 |
quote: Not sure about clydesdale, but alot of those 95% deals require someone to place about 20k in a bank account for 2 years... Nationwide are offering some sort of savings account which if you use it for 6 months then you'll get a 95% mortgage with them I think. | |
Mertin |
posted on 12th May 11 at 07:57 |
quote: Still working on the deposit, seeing about mortgages when home too and then hopefully have a target for a deposit once I see whats available I did see Clydesdale were offering 95% mortgages for first time buyers, not sure if there will be a catch or what with it or stupidly high interest rates? [Edited on 12-05-2011 by Mertin] | |
Colin |
posted on 12th May 11 at 07:56 |
Aye get a few extra weeks in san :D | |
Mertin |
posted on 12th May 11 at 07:52 |
Heres hoping I can wangle something then, will keep an eye on the site too so I can see whats selling / not selling. Time to start firing in the overtime offshore me thinks! | |
Colin |
posted on 12th May 11 at 07:44 |
I'd aim for 150k plus a few freebies!! | |
Mertin |
posted on 12th May 11 at 07:39 |
Theres quite a few available, the design id be after theres 7 available and the sites been there at least a year. Theres also quite a few plots for sale (just the plot) going by their website. Its still pretty much a building site too. | |
Dave |
posted on 12th May 11 at 06:13 |
Generally new build come fully painted but no floor coverings. Tiling will be in spec as to whether it's full room or just over baths and sinks. Many developers will have some form of sweeteners in the deal though, council tax paid for year, free appliances etc, you might be able to get carpets as part of that if it's available. Get a feel for the site, if houses are being moved into as soon as they are built demand is high and you'll struggle to get much out of them. If there are empty plots about or slabs that have yet to be built on it's a buyers market so chance your arm. | |
Colin |
posted on 12th May 11 at 03:39 |
Generally 4 or 5 times gross income I think with 10% deposit required. | |
Mertin |
posted on 12th May 11 at 03:07 |
Hopefully find oot the crack fan I get hame and see fit like they are and fits affordable | |
Colin |
posted on 12th May 11 at 02:48 |
Tiling could just be a wall tile splash back. Floor tiles generally are extra, fom what ive seen anyway. All builder extras are rip offs!! | |
Mertin |
posted on 12th May 11 at 02:19 |
IS that the script with all new builds? Its through Springfield developments, going to see their show home when I get home and have a better look at things. From looking on their website threres choices such as what bathroom kitchen, plan where you want radiators, sockets etc located and what colour of paint you want and tiling from their chosen local supplier. (Once youve chosen the plot and style) All this at an extra cost then? Its all relatively new to me, first time iv looked into new builds | |
Colin |
posted on 12th May 11 at 00:25 |
Probably have to factor in more for decorating on a new build. Where as with something older there will be floor coverings, light fittings & suck like you can make do until such times, a new build is just an empty shell, concrete floor/chipboard throughout. | |
Ian |
posted on 11th May 11 at 23:44 |
Only additional costs would be stuff like phone line etc. because that's all new. Legally they're similar. | |
Mertin |
posted on 11th May 11 at 23:27 |
Generally, based on your income what can you expect to get a mortgage for? Just thinking about it just now and going to see a mortgage advisor / bank when Im home to see what I can get. Just looking for a rough idea so I know what to aim for / expect. |