Healhtyliving:
We worked with L&C mortgages and they were so professional throughout the process. We also didn’t have to pay them. Our lender did and we were informed from the start.

Solumtoya:


Thank you, Lender was Halifax?

Healhtyliving:
We worked with L&C mortgages and they were so professional throughout the process. We also didn’t have to pay them. Our lender did and we were informed from the start.

semmyk:
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[Mortgage Brokers]
{Vouch Level: 0 - 10] Depends on the number of mentions, references, feedback,s testimonies ...} PS: Vouch level is not an endorsement!
1. Moneybox - @Tshoboy | unverified | Vouch level: 1 | app | www.moneyboxapp.com/
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Healhtyliving:
No Barclays

labiola:

.Halifax is asking for 25% for less than 2yrs in UK

mex551:
I have a question pls. If you are using isusu as a means of raising money for house deposit, we know it comes In bulk , how do you explain it to the mortgage guys ? I mean the inflow as it’s not salary savings. Also if you sell a property In Naija or move part of the fund from Naija, how do you explain it ? Would you call two of them as gifts ?

Zahra29:


Likewise lol. It's looking like this might set a standard for new age non-guarantor 100% mortgages, although I don't think we'll ever return to the days of Norther Rock style >100% mortgages

I think I read somewhere the APR will be a 6 percenter

Interesting - I suspect they will cap borrowing to a % below current rent in order to limit risk and enforce an affordability buffer...

EDIT

Just seen that the product has launched today. APR not bad - fixed IR 5.49

The criteria don't look too onerous:

All applicants are first-time buyers.
Each applicant is 21 years old or older.
You have less than a 5% deposit.
You seek to borrow up to £600,000.
You satisfy the household-to-household criteria.
You are not purchasing a new build flat.
You can provide evidence of 12 consecutive months of rent payments within the last 18 months.
All applicants have maintained a clean payment record on debts and credit commitments (e.g., mobile phone bills) for the past 6 months.
You have a history of paying all household bills (e.g., utility bills, council tax, etc.) for a minimum of 12 consecutive months within the past 18 months.
The new monthly mortgage payments will have to be equal to or less than the monthly rent that applicants have been paying.


Full information here: https://yescandomoney.com/guides/mortgage-insights/skipton-no-deposit-mortgage/

mex551:
I have a question pls. If you are using isusu as a means of raising money for house deposit, we know it comes In bulk , how do you explain it to the mortgage guys ? I mean the inflow as it’s not salary savings. Also if you sell a property In Naija or move part of the fund from Naija, how do you explain it ? Would you call two of them as gifts ?

Lexusgs430:


Simply provide evidence....... That's all you need to do......

With the osusu, simply highlight deductions from your account and payment flow back.....

Estroller:


Payslips and bank statements dating back 3 months is the norm, so time your transaction such that the inflow won't reflect on your statement in that 3 month window.

mex551:
. Thanks. What of the cash you want to bring in from Naija? How u wan

mex551:
I have a question pls. If you are using isusu as a means of raising money for house deposit, we know it comes In bulk , how do you explain it to the mortgage guys ? I mean the inflow as it’s not salary savings. Also if you sell a property In Naija or move part of the fund from Naija, how do you explain it ? Would you call two of them as gifts ?

reavealhidden:


Be careful, if you sell a property i.e. a house...this would mean you are not a first time buyer.

Lexusgs430:



If it's an inherited property nko....... A way always exists....... 🤣

Santa2:


If only HTB comes back as proposed, it takes care of this problem. Till then I have same dilemma as you do

deept:


Won't this 100% mortgage drive up demand thereby leading to increase in house prices?

Zahra29:


I believe it will. Also if HTB comes back. This govt is heavily invested in keeping house prices high, and as the market is stalling due to interest rate rises, new measures are being brought in to shore up it up.

Lexusgs430:



If it's an inherited property nko....... A way always exists....... 🤣

deept:


The way these guys think. You would think they cared about the ftb and want them to achieve home ownership but like you pointed out aim is to keep house prices high for whatever reasons. Then to avoid or reduce backlash they come out with the only available for people who have a history of rent payment. Also using that as a some sort of hegde against potential defaulters via means of a 'pseudo credit check'- if you can pay rent you can pay mortgage.

koonbey:


Still not a first time buyer o.

Any person that has owned a property, anywhere in the world, no matter how they came about it, is not a first time buyer.

https://www.theguardian.com/money/2022/feb/28/will-inheriting-a-house-affect-my-status-as-a-first-time-buyer

The only way, apparently, is if the inheritance was never transferred to them personally but was maybe sold by the executors/administrators of the deceased's estate. But if you have ever been registered as owner of a property - no dice.

koonbey:


Still not a first time buyer o.

Any person that has owned a property, anywhere in the world, no matter how they came about it, is not a first time buyer.

https://www.theguardian.com/money/2022/feb/28/will-inheriting-a-house-affect-my-status-as-a-first-time-buyer

The only way, apparently, is if the inheritance was never transferred to them personally but was maybe sold by the executors/administrators of the deceased's estate. But if you have ever been registered as owner of a property - no dice.

koonbey:
... ... Any person that has owned a property, anywhere in the world, no matter how they came about it, is not a first time buyer??
https://www.theguardian.com/money/2022/feb/28/will-inheriting-a-house-affect-my-status-as-a-first-time-buyer
... ... if you have ever been registered as owner of a property - no dice.

Pearlyfaze:


We many on this table.

Against the advise of some mortgage advisor, we are going to view two properties on Monday. Old build and New Build.

Them nor dey pay money to view house.