Definitely a seller's market. We secured a property luckily but we put a few offers down through July/Aug and we were usually "competing" with 4-6 offers after the opening week of viewings. Agents loved it and always went for best and final, one even asked us to write a letter which we did sincerely but didn't really matter in the end, they went with the highest bid anyway. For us we luckily live at home with parents but do need to move having a new born on the way, but other couples who face more difficult circumstances I am sure have a stressful experience. Housing stock is low in our area and not particularly good quality and overpriced so whenever a good deal comes along you are in the mix with other buyers and the asking price therefore can go up and up. For those looking to buy goodluck, don't put down stupid bids and please get a 5 year fixed rate with your mortgage provider.
You just need to find a mortgage lender whose criteria allow you to be in a brand-new job with no previous employment history… And then they would ask for your contract. Unfortunately I can’t name Lenders as criteria changes all the time, but I do help many key workers so feel free to ask me for the link to have a free chat if that’s what you want to do!
We are about to extend our mortgage offer and they are being really shady. Nothing has changed, in fact our financial situation has improved if anything… is there a reason they could deny us to try and charge a higher interest rate?
You should be fine as long as your circumstances has not changed… It’s common practice to ask for updated payslips for example. Did you get your extension?
Would it make any difference if I begging them Morgage process in February, rather than March/April (as that’s when the tax year ends/P60’s/p40’s are generated
Are you obliged to go with the broker who secured the AIP? Or if you went elsewhere does that mean you won’t be able to get a mortgage with that lender?
You can get multiple AIP from different lenders. If you apply for too many, it might affect your credit score(is soft check but the lender can see when are too many). The broker will be able to find a lender with a better ( when I say better I mean cheaper) rate, and most of the time can get access to lenders that will lend you more, and you can't get access to them. That's why we have brokers. You just need to communicate with your broker ,be open, explain him/her what's your opinion. The broker might help you save some money on long run. Mine advised me to get 5 years fix rate and I did it, in the perfect time.
@@mihairachita174 it doesn’t affect your credit score of the checks we’re performed within a certain period of time, the fear mongering around shopping around for mortgage rates because it will ‘affect your credit rating’ is complete and utter crap
Hi Alex I'm 24 and I'm making £21000 a year. I will have a 10% for a deposit. I have a good credit score with no red flags on there. Been working for my company now for 1 year. I pay £400 on rent and after expenses I still manage to save 300-400 a month. Do you think I have a good chance of getting a mortgage on a property valued between 85-95k?
Hi. My wife and I earn £24k each /year. we managed to get a mortgage with 5% deposit a property for 250k. we got the mortgage from Skipton. I don't think you will have any problems. hope helps
Can you let me know what previous video you were referring too ? I've just checked and even though this video is very similar, there is a couple of fundamental differences that are vital to the market now, that you haven't noticed that the rest of the subscribers will benefit from. I would also point out that there are many videos that have the same content, as not every video gets viewed so it's important the same message with the most important elements are repeated.
@@alexkerrmortgage I've just checked and saw most of the " 6 new tips" that you posted are in your previous videos. one of them is starting with title " 7 must...." and other one is starts with " 5 ...." . I didnt memorised the title as is not that important. Anyway, don't get me as a hater, is not about hating your content or anything . I was watching your channel before my wife and I applied for mortgage few months ago and your videos were educating ( nothing to comment about that) but repeating the same thinks doesn't help you growing this channel,attracting more viewers and get them subscribe to this channel. I think you can you in your channel data, your subscribers stay subscribed in average 10 days and in the last 30 days you lost 25% of your subscribers. I repeat my self,I'm not here as a hater, I just want you to understand this repetitive videos are not helping you, but the opposite.
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![7 MUST Do Mortgage Application Tips for First Time Buyers - How to Prepare Properly - [UPDATED]](/img/tr.png)
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Hello Alex, can you do a video explaining the first homes scheme please?
This is the video we did on the scheme and will likely do an updated one when more properties are made.
czcams.com/video/Xu8jEG3oT7g/video.html
What is the best way to tell your mortgage advise that you have found another one with better rates?
Thanks for your help so far but I no longer require your services.
Definitely a seller's market. We secured a property luckily but we put a few offers down through July/Aug and we were usually "competing" with 4-6 offers after the opening week of viewings. Agents loved it and always went for best and final, one even asked us to write a letter which we did sincerely but didn't really matter in the end, they went with the highest bid anyway. For us we luckily live at home with parents but do need to move having a new born on the way, but other couples who face more difficult circumstances I am sure have a stressful experience. Housing stock is low in our area and not particularly good quality and overpriced so whenever a good deal comes along you are in the mix with other buyers and the asking price therefore can go up and up. For those looking to buy goodluck, don't put down stupid bids and please get a 5 year fixed rate with your mortgage provider.
Advice for newly qualified nurse to start a new job straight from university in terms of proving income/ payslips?
Some mortgage brokers take a contract from your employer instead of payslips, I'd seek advice on this though
You just need to find a mortgage lender whose criteria allow you to be in a brand-new job with no previous employment history… And then they would ask for your contract. Unfortunately I can’t name Lenders as criteria changes all the time, but I do help many key workers so feel free to ask me for the link to have a free chat if that’s what you want to do!
We are about to extend our mortgage offer and they are being really shady. Nothing has changed, in fact our financial situation has improved if anything… is there a reason they could deny us to try and charge a higher interest rate?
You should be fine as long as your circumstances has not changed… It’s common practice to ask for updated payslips for example. Did you get your extension?
Would it make any difference if I begging them Morgage process in February, rather than March/April (as that’s when the tax year ends/P60’s/p40’s are generated
No
I can’t see much advantage, the main thing is to have a good continuous employment history length
Are you obliged to go with the broker who secured the AIP? Or if you went elsewhere does that mean you won’t be able to get a mortgage with that lender?
You can get multiple AIP from different lenders. If you apply for too many, it might affect your credit score(is soft check but the lender can see when are too many). The broker will be able to find a lender with a better ( when I say better I mean cheaper) rate, and most of the time can get access to lenders that will lend you more, and you can't get access to them. That's why we have brokers. You just need to communicate with your broker ,be open, explain him/her what's your opinion. The broker might help you save some money on long run. Mine advised me to get 5 years fix rate and I did it, in the perfect time.
@@mihairachita174 it doesn’t affect your credit score of the checks we’re performed within a certain period of time, the fear mongering around shopping around for mortgage rates because it will ‘affect your credit rating’ is complete and utter crap
@@SurfistaCamad I've got it. Thanks for clarifying this.
An AIP does not lock you in to any Lender or broker… There is no obligation so yes you can go elsewhere.
Hi Alex
I'm 24 and I'm making £21000 a year. I will have a 10% for a deposit. I have a good credit score with no red flags on there. Been working for my company now for 1 year. I pay £400 on rent and after expenses I still manage to save 300-400 a month. Do you think I have a good chance of getting a mortgage on a property valued between 85-95k?
Hi. My wife and I earn £24k each /year. we managed to get a mortgage with 5% deposit a property for 250k. we got the mortgage from Skipton. I don't think you will have any problems. hope helps
@@mihairachita174 was this recently? Thank you for the reply
@@kndex266 yes mate. we waiting for contract exchange.we are half way through.
@@mihairachita174 nice one congratulations!
@@kndex266 Thanks. If you have any questions ,just ask and if I know the answer I will reply
Just lost a subscriber.
Why you get the same "tips" that you used in your previous videos and rephrase them and post them as "NEW"?
Can you let me know what previous video you were referring too ? I've just checked and even though this video is very similar, there is a couple of fundamental differences that are vital to the market now, that you haven't noticed that the rest of the subscribers will benefit from. I would also point out that there are many videos that have the same content, as not every video gets viewed so it's important the same message with the most important elements are repeated.
@@alexkerrmortgage I've just checked and saw most of the " 6 new tips" that you posted are in your previous videos. one of them is starting with title " 7 must...." and other one is starts with " 5 ...." . I didnt memorised the title as is not that important. Anyway, don't get me as a hater, is not about hating your content or anything . I was watching your channel before my wife and I applied for mortgage few months ago and your videos were educating ( nothing to comment about that) but repeating the same thinks doesn't help you growing this channel,attracting more viewers and get them subscribe to this channel. I think you can you in your channel data, your subscribers stay subscribed in average 10 days and in the last 30 days you lost 25% of your subscribers. I repeat my self,I'm not here as a hater, I just want you to understand this repetitive videos are not helping you, but the opposite.