MARTIN D
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Apply online at www.surefirefinance.co.uk they will get back to you with how much you can borrow, you can then discuss different schemes such as self certification which may be helpful to you. |
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L B
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have you tried increasing your mortgage term? For example from 25 years to 30?
If you can save at least 10% you will get a good rate. I'm afraid this sounds quite harsh but you have to give up a lot and save to afford a house now adays. We did this, it took 3 years to save but since then we have bought a house.
Best to get some independent financial advice that won't push you to a certain type of mortgage.
Good luck |
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Hibee
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It will be even more worrying if you do get a mortgage, and interest rates go up sharply. |
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sem3578
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Check out http://www.ameridream.org/ They will give you up to 10% of the price of the home to use as downpayment or closing costs. This will atleast help a little. |
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Lizzie
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www.homebuy.co.uk
These guys have all the shared ownership options available. Unfortunately in many areas only key workers are eligable, which makes it even harder for the rest of us!
Beware if you are going to buy and rent out as suggested- take advice from letting agents first which properties will be in demand and the costs. I am an estate agent and have seen many people go wrong on this one and end up with an empty property. |
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Pat
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May be able to help you, i associate is a mortgage broker who may be able to assist in getting a 95% mortgage.
What kind of deposit are you looking to put down, and how much are you looking to purchase the property for..
If you would like our assistance, please email me, and we can discuss further, as im sure you dont want to post personal stuff on this site..
look forward to hearing from you |
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bez
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There are schemes to help you. You buy half and the council/housing association buys half and you pay the mortgage on your half and rent the other half off the council/housing association, and then when you can afford you can buy them out. Hope that makes sense, don't know any figures though try calling citizens advice or looking around on the Internet. Good Luck :o) |
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monkeymanelvis
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My mate gave me a tip - buy the best place you can no matter where in the country it is. (Obvioulsy not somewhere you can't get to from your town but anywhere within a reasonable journey, say 3 or 4 hours max). Buy this place and rent it out - the rent will cover most of the mortgage. In a few years you will have payed off a decent % of the mortgage - then use the house you have by selling it and using the cash towards a house in the area you are - hopefully the house will have appreciatedin value (especially if you have done a few improvements and maintain it well) and this will really help you up the property ladder!
I hope this works for you. |
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merlin
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try to buy in a cheaper area or take on a 2nd job |
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doe2711
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My Real Estate Agent told me about a new loan program - helps out 1st time buyers and people with credit issues and it's free. I swear this isn't an advertisement :) - but the guy that's buying my house is using them - www.naca.com
good luck !! |
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diarubie
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I can only comment is South Africa. B ut here for first time Home Buyers the is a bond plus cost package.
You could apply for a better rate and that will increase the Qualifying Loan Amount a lil bit.
You could get your parents to stand surety for you if you believe you would be able to pay the bond yourself.
ie. I qualify for R300 000. nothing really, but if I get my parents in surety with their salary. Then I qualify for R750 000.
But I have to be able to repay R7600 Per month. (where as on R300 000. I repay only R3200) |
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putonyourflipflops
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There is no easy answer to this unless you lie and that's not legal!have you thought about re locating to a cheaper area?Its a big step but you can still buy property in some areas for that sort of money and I don't mean sheds!Your only other option is to find someone else to buy with or try and find a local housing association who may be able to help.I live in Yorkshire and you could buy a lovely little terrace house around here in budget.check out the web..fish 4 homes etc.right move is a good one too wish you all the luck ..the housing market is so tough now for first time buyers.
(.another thing that helps is a squeaky clean credit record) |
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dait72
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I think there are some schemes where you just buy a percentage of a property and the local council own the rest. Best to speak to your local council department I think hun. |
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Matt J
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I would look at condos or else look to use a stated income program.
But make sure you can afford the payments. I see this all the time and you will get into trouble if you are not careful.
Matt
http://www.diversifiedlender.com
http://www.minnesota-mortgage-rates.net
http://www.refinance-second-mortgage.biz |
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lindsay
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I don't know what people are going to suggest but be wary of borrowing beyond your means. I was quoted for a mortgage and what they 'said we could have' was still going to be pretty hard to pay every month.
Good luck in finding a home, just be careful! |
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Larry Powers
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Sometimes you just have to face the fact that now is NOT the time.
Real estate prices are set to plummet, over the next year or so, at least. It would be crazy, to buy now. The best thing you can do is to start putting money aside, every month, right now. As much as you can. Then, you'll have a little nest egg to use as a down payment. |
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