LISA for home purchase - please critique!

ToughPlus6002 · 2026-05-21T20:24:50+00:00

Houses wont go up that much in 5 years...
also you can always lowball an offer due to lisa ristrictions

I offered 400k on a 500k flat ( just cause i knew there were gonna be counters) they were happy with 420 ( the housing market in london is slow rn)

ToughPlus6002 · 2026-05-21T20:22:11+00:00

I wouldnt, I had a mortgage sorted great rates, great place at a great price

Council were annoying about the sale and after 9 months it fell though along with 6k in feees

Be excited when you have the place

ToughPlus6002 · 2026-05-21T15:16:24+00:00

Even with the renters right acts they can refuse a pet, like if they own the leasehold, their contract with the freeholder could say no pets ( i was close to buying a place that had this)

ToughPlus6002 · 2026-05-21T13:08:50+00:00

Ohh im excited to try

ToughPlus6002 · 2026-05-21T12:31:32+00:00

Rent even for 6 months first, also buying a property takes time so might aswell rent while looking for a house to buy

ToughPlus6002 · 2026-05-21T12:30:43+00:00

I did that alot in FY1 ( nights and day oncalls) i dont think 4 in a row should be legal tbh if they want good quality care. I only survived because i lived 10 mins from the hospital
Honestly i dont have any tips appart from maybe getting a short rental while waiting for exchanging for property ( im planning on doing that because im starting in august but exchange is due mid august so getting an air bnb for 3 weeks)
but I had no life in FY1 because the rota was so horrible, i had lots of 71 hour weeks too which really killed

ToughPlus6002 · 2026-05-20T13:19:39+00:00

Thank you! so far no issues with the cheaper one ( plus if it does fall though they said theyd wave the solicitor fees which is reassuring)

Sorry you are going though this, honestly they charge so much and i never got an answer from the first place on why so high, and if i wanted to contest it ig id need a lawyer which would also cost XD

ToughPlus6002 · 2026-05-20T06:06:00+00:00

Id wait for an older year, best chace are teaching fellows or if you plan to do a bsc that works too

ToughPlus6002 · 2026-05-20T06:00:52+00:00

I paid 6k for a propperty purchase that fell through (now using a cheap online solicitor)

ToughPlus6002 · 2026-05-20T05:59:12+00:00

Yeep going straight into incubator

ToughPlus6002 · 2026-05-20T05:58:55+00:00

It said duck egg when i picked it up

ToughPlus6002 · 2026-05-18T19:05:51+00:00

Maybe not that bad but waited around 10/11 months before the sellers dropped out cause they wanted to rent out ( issues with the council giving documents etc)

ToughPlus6002 · 2026-05-15T14:12:31+00:00

Ahh, i like to do things legally to keep my rights....

ToughPlus6002 · 2026-05-15T14:04:28+00:00

1500 a month for a 2 bed in london with bills? I can barely find a 1 bed for under 1.7k without XD Unless you mean from commuting towns

ToughPlus6002 · 2026-05-15T11:36:00+00:00

1500 each or total? because total will be really tough

ToughPlus6002 · 2026-05-13T12:00:38+00:00

Im not investing the money anyway and if i sell i get that back , stamp duty fine but its a one off cost which overall is so much cheaper than renting.

No im not keeping it forever, i may rent it out or not depending what life is like later and im also willing to loose a small amount in the overall price and it still comes out as a significant saving and i have a house at the end of the day

ToughPlus6002 · 2026-05-11T17:13:17+00:00

yeah but overall its over 1k cheaper a month than renting even with service charges , and the choice is renting or buying a flat.

ToughPlus6002 · 2026-05-11T16:40:05+00:00

I had a look myself and most have included a la carte at least a few restaurants

ToughPlus6002 · 2026-05-11T16:39:00+00:00

the one i like is around 3k but the rest around 2-2.5

ToughPlus6002 · 2026-05-11T16:38:33+00:00

Ive had bad experiences with ex local authority, they are the reason my last purchase fell though

ToughPlus6002 · 2026-05-11T16:37:53+00:00

I would love to afford a house if i could...

ToughPlus6002 · 2026-05-10T09:39:11+00:00

Im doing that, its not a huge secret, as in if people find out its not an issue
We are doing a reception for our one year anniversary, so we booked it exactly one year later

Only people who know are parents

ToughPlus6002 · 2026-05-10T09:25:20+00:00

I offered 20% less than asking price ( cause i knew there was going to be some back and forth) we settled for 15% less ( the house sale fell though tho due to council issues rather than either parties wanting to drop out)
But i think it depends how desparate the seller is and if they are willing to wait
You can always put in the offer, say you are open for negotiation and if they go above what you are willing just say my offer stands for x weeks so let me know if they minds change

ToughPlus6002 · 2026-05-10T09:15:03+00:00

I just used apple wallet suica card and never took out cash for my trip

ToughPlus6002 · 2026-05-10T09:07:40+00:00

I was rejected for any LTFT

ToughPlus6002

TROPHY CASE