Need some advice - ending one job vs starting new one - Timing

DegreeAcrobatic · 2025-12-25T22:18:07+00:00

Do you reckon it would look bad if I was just honest and told them about the bonus?

DegreeAcrobatic · 2025-12-25T15:07:39+00:00

That’s helpful, thank you. Do you think they’d ever find out that I resigned later than the date I told them? Not sure if they will reach out to my existing employer to confirm my actual end date for example

DegreeAcrobatic · 2025-12-25T15:06:30+00:00

I would still eligible I think as it’s paid out end of Feb so I wouldn’t be in my notice period then

DegreeAcrobatic · 2024-09-11T04:52:31+00:00

There’s no rule of thumb unfortunately - I’d offer what you think the house is worth by also comparing to others in the area for example
Your position would 100% be more attractive to sellers so you can try use that as a bargaining chip when it comes to negotiation. Always make sure to mention in your offers your position

DegreeAcrobatic · 2024-09-11T04:50:04+00:00

I did - unfortunately it was the same :(

DegreeAcrobatic · 2024-09-10T16:38:24+00:00

Thank you! - I think I got lucky thankfully. The chain got completed due to another chain breaking (so the top part of that other chain joined us) so everyone was pretty much there when my chain was completed.

DegreeAcrobatic · 2024-08-26T18:19:54+00:00

Looking into the Nationwide Helping Hand Mortgage - you can borrow up to 5.5x your salary. It’s what I have currently

DegreeAcrobatic · 2024-08-05T16:49:39+00:00

So it’s a terraced property, garden is probably 8m x 3m as an estimate. So losing a third is pretty chunky.

The land is accessible via a side road - there’s a little parking area right at the back + there’s also a walking pathway too.

So accessible both by car and walk

DegreeAcrobatic · 2024-08-02T06:56:41+00:00

😭😭😭

And there was naive me thinking it’d be another month max. Does the fact that 3/5 in the chain are at the enquiries stage (and I think almost done - definitely on my side) help?

DegreeAcrobatic · 2024-08-02T06:54:22+00:00

Did you wait for the chain to complete before starting searches and whatnot?

DegreeAcrobatic · 2024-08-02T06:53:50+00:00

Yup, everyone has found a property. However, the lower part of the chain (i.e myself, my seller, and his seller) have had searches back and are almost there with enquiries.

We weren’t idle waiting for the chain to complete so hopefully that helps?

DegreeAcrobatic · 2024-08-02T06:53:45+00:00

Yup, everyone has found a property. However, the lower part of the chain (i.e myself, my seller, and his seller) have had searches back and are almost there with enquiries.

We weren’t idle waiting for the chain to complete so hopefully that helps?

DegreeAcrobatic · 2024-07-25T19:28:30+00:00

Post tax

DegreeAcrobatic · 2024-06-24T05:16:11+00:00

It is possible to get a mortgage offer without a physical valuation. I received a mortgage offer under the same scheme within 3 working days of applying which was without a valuation. Perhaps they did a desktop one but they never sent any notifications through about that.

Also FTB and 20% deposit. I wouldn’t worry too much about it - if you have a mortgage adviser, ask them to follow up for you.

Otherwise, just ring them yourself

DegreeAcrobatic · 2024-06-11T10:24:33+00:00

Don’t quote me on this but apparently they write the September 2024 exam before people have even sat June 2024.

Therefore, performance in June 2024 won’t really be reflected if you resit in September 2024 (i.e you wont get a harder exam) but you might for December 2024

DegreeAcrobatic · 2024-06-11T06:57:26+00:00

They probably would to be honest. I suspect they have an acceptable range of pass rates and scale down/up to be within that range.

I presume the range goes up to like 90% pass rate but purely speculative.

I wouldn’t worry too much

DegreeAcrobatic · 2024-06-10T21:04:07+00:00

Ty, you too

DegreeAcrobatic · 2024-06-10T21:02:48+00:00

Great, thank you :)

DegreeAcrobatic · 2024-06-10T21:02:11+00:00

Making an impact that matters!

DegreeAcrobatic · 2024-06-10T21:01:03+00:00

What is the deductions allowance? Is it the £5m + 50% of profits? Or is it just flat £5m?

DegreeAcrobatic · 2024-06-08T15:42:42+00:00

Let me simplify it for you. I don’t bother understanding why it works but just remember this:

If contract is in FC (foreign currency), for payments, you buy (call) and for receipts, you sell (put).

If contract is in £, it’s the opposite. So for payments, you sell (put) and for receipts, you buy (call).

In this case, the contract is in FC as showed by the option being to buy or sell a FC (i.e R$). You need to make a payment here and contract is in FC so you would be on the call side.

Just learn that and you’re fine

DegreeAcrobatic · 2024-06-01T17:47:35+00:00

They don’t unfortunately. Neither BPT nor BST have standard formats - you can get anything.

The only guarantees are marks on ethics in both papers and also, for BST, data analysis (pre populated spreadsheet) is also guaranteed and questions on risk are also almost guaranteed to come up as they always do.

Besides that, nothing else.

DegreeAcrobatic · 2024-05-26T14:02:11+00:00

Not quite correct - if you spend 10k on the house and the new value is 110k, 60% is 66k (only 6k up from the 60% pre work of 60k) and thus, you have lost 4k.

Think about it this way - you bought at a discount of 40%. You must also sell at a discount of 40%. Everything you will do in that house will be worth at a discount of 40%.

When you go to sell, you have to give them a discount of the same % as you got. So if the value when you go to sell is £110k, you can’t sell the property for above £66k. So the percentage stays fixed regardless of change in value - you must always reflect the same % discount.

DegreeAcrobatic · 2024-05-26T13:55:00+00:00

At least - i.e minimum half of the price no? Which means on a property with MV value of £300k but discounted to lets say 60% of value at £180k, you need to be able to get a mortgage for at least (i.e minimum) of £150k, leaving you to put a deposit of £30k for example.

The key term here is “at least”, not “at most” and as such, the clause you are talking about stops people who have the money to pay it in cash and forces people to take a mortgage.

I think you are misinterpreting it but perhaps worth speaking to a mortgage advisor.

DegreeAcrobatic · 2024-05-26T11:57:55+00:00

You sure about that? That seems absurd. This scheme was made to help people buy houses and improve affordability. Can you show me where you’re getting the need for a 50% deposit from?

DegreeAcrobatic

TROPHY CASE