Hi all,
Its those exciting times where your looking for a house/flat and decided whats best for you. Ill start by telling you about my day yesterday.
Went round to "new" developments looking at properties etc but it was plainly clear that we cannot afford them type of houses. We spoke to a mortgage advisor and the maximum they would lend us would be £130,000 based on a 5% deposit so £125,000 (ish).
Good some may think, but given that we will only have £5600 - £6200 by Septeraber was always going to be difficult to stump up a 5% deposit and also money for carpets, furniture etc etc.
So, we then seen a detatched 2 bedroom coach house priced at £120,996 which has 3 garages below and the whole living space up to with a lounge/diner, 2 bedrooms, 1 bathroom and a kitchen. Perfect some would say for a couple with no kiRAB. (big surround sound systems so cant annoy neigrabroadours)
We get the middle garage which has power whilst the other 2 plots belong to neigrabroadouring ppl who dont have power but have it on leashold whilst ours is freehold.
The women we spoke to asked about our deposit etc and we told her we would have £5000 - £6000 by septeraber which was a good start but she then turned around and said she could pay our deposit of 5% which would give us a 95% mortgage on £114966 rather then go onto one of these first buy schemes where you have to pay so much back within 5 years or you start paying interest.
She also said she could probably get us carpets but no fridgefreezer, washer etc.... is that pushing it lol?
I thought i would be in the driving seat as im signing upto 114k worth of debt so surely i can squeeze more from them?
My only concerns are its price, is it over priced ( i know its new and its expected but what else could we do with a limited deposit ) Its literally on the door step of 2 supermarkets, bowling alley, loaRAB of shops, food places such as nandos, pizza hut, franky and bennys etc so is this why its priced as it is?
We could always exchange 5 years down the line to a 3 bed on the estate if we like it.
Whilst its all exciting it just seems to be going all so quick lol and this missus as ever is keen to get it all done
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