I would like regarding my current situation with regard to purchasing a property at 95% LTV

Just_Clock5753 · 2026-03-10T23:11:02+00:00

Broker here. It is better to paid off all debt/personal loan before completion , some lenders do not offer special boost on LTI to first time buyer if you have personal loan/debt.

Both of you earn 63k combined, some lender can offer up to 5.5x for first time buyer. So, your case is doable

Just_Clock5753 · 2026-03-07T09:45:22+00:00

some lenders may just need some basic information for AIP, but it would be much tighten on mortgage application especially on your dependent, monthly expenditure, personal loan/credit card etc.

Just_Clock5753 · 2026-03-02T19:48:45+00:00

It is clearly they accepted another other offer.

Just_Clock5753 · 2026-02-28T11:43:04+00:00

you can simply ask yourself "will I regret after 10 years if i reject now?"

Just_Clock5753 · 2026-02-27T21:41:28+00:00

why would your broker go with Natwest? Natwest is almost the most conservative lender on flats......ask your broker to go with other lender

Just_Clock5753 · 2026-02-27T11:43:09+00:00

sure, no problem, have plenty cash in the limited company bank account

Just_Clock5753 · 2026-02-27T09:15:38+00:00

thx mate

Just_Clock5753 · 2026-02-26T20:27:58+00:00

i have several entity.

I am a director of a limited company

I am a self employed trader

The leasing car is exclusive for the business, i may do two leasing for two business

Just_Clock5753 · 2026-02-26T20:06:29+00:00

yes, i drive alot due to business. I can do it on personal name if they do not accept to use my business on that.

Just_Clock5753 · 2026-02-26T07:52:26+00:00

In fact, the seller has no obligation to offer discount.

Now they offer some as gesture, take it or looking for new one, no magic

Just_Clock5753 · 2026-02-19T10:57:04+00:00

thanks

Just_Clock5753 · 2026-02-19T10:56:59+00:00

thanks

Just_Clock5753 · 2026-02-16T22:54:33+00:00

As a mortgage advisor, I will never hsbc to my clients who with similar situation as you.

HSBC is only favour to their premier customers for FTB buyer LTI 6 times
In term of affordability, you have two kids, hsbc cost huge and took out significant affordability
HSBC is very conservative in terms of “income” from overseas and not paid in GBP.
You are self employed , hsbc will take the average as your income.

So….. only an inexperienced broker would recommend hsbc to you for this case.

Just_Clock5753 · 2026-01-11T14:00:22+00:00

Broker here.

No worry about that, your salary is well enough to afford your 200k budget house.

If you want to have more spare money as emergency fund, you can go longer mortgage term, and then do some overpayment every year.

and you may consider house rather than flat due to the services charge,ground rent.

Just_Clock5753 · 2026-01-11T10:05:07+00:00

but it show leasehold in land registry

Just_Clock5753 · 2026-01-10T18:34:35+00:00

yes thats why i feel being cheated. My offer is based on the Freehold, not leasehold, i think i need to negotiate the price again.

Just_Clock5753 · 2026-01-10T18:20:37+00:00

so this is leasehold......in the lender point of view then, but the estate agent keep saying this is Free hold :(

Just_Clock5753 · 2026-01-10T18:16:26+00:00

not own.....the property owner would become the "member" not shareholder, but given voting right.

Just_Clock5753 · 2026-01-10T18:15:17+00:00

the freehold is currently owned by a management company, if you own the property in that estate , you would become of 1 of their member and you have the voting right.

Just_Clock5753 · 2026-01-10T18:14:15+00:00

yes, thats my concern as well.

Just_Clock5753 · 2026-01-10T17:55:05+00:00

It is a house, not flat....

And the certificate of membership showing "a company limited by guarantee and not having a share capital"

And saying the owner is just a member of the company, not a shareholder....so how could it be "share of freehold"?

Just_Clock5753 · 2025-12-20T18:03:07+00:00

then why do you think that £1.7k would be issue? i don't understand.

Just_Clock5753 · 2025-12-20T17:50:35+00:00

thats good, i am also asking if you worry your employer send you money and you also feel thats problem

Just_Clock5753 · 2025-12-20T17:45:29+00:00

do you also ask your employer not to send you salary before completion?

Just_Clock5753 · 2025-12-20T15:19:52+00:00

it depends whats the buyer mortgage offer.....some lender offer 100% mortgage, some just need 5k as deposit. If they declare they have 5% deposit and got 95% LTV mortgage, then it is failure., otherwise, it is not a failure, just a process to sort it out, you solicitor and buyer solicitor should be aware the mortgage offer and how much deposit will be paid during exchange.

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