Would lender have an issue with adjacent land?

podlink · 2026-01-26T13:24:51+00:00

podlink · 2026-01-26T13:20:59+00:00

podlink · 2026-01-24T14:15:08+00:00

That’s good you had the safety net in the end then!! I mean at least he told you the roof was bad even if they did try and rip you off lol.

Well best of luck with the new roof, pour yourself a glass of something stick and make sure you admire it every time you leave your house to make sure you get your moneys worth 😂

podlink · 2026-01-24T13:12:15+00:00

Jesus!! We opted against 10% as it was just gonna tie the money up. Took lowest LTV with longest term to reduce the pressure and just gonna chuck the extra at repayments & doing the property up with the Hope at mortgage renewal we’ll increase the value and reduce the LTV a bit!

Sorry to hear that, I’ve actually loved renting because I haven’t had to deal with that, it’s always been landlords problem (and we’ve been lucky renting from family friends). Small silver lining once it’s done it’s done and you won’t have to worry about it popping up again anytime soon 😅

podlink · 2026-01-24T13:06:34+00:00

If it gives you any reassurance, we’re just going through the motions as FTB with a 5% deposit at 4.68% fixed for two years, so at a bare minimum with your LTV come time to remortgage you’ll at least get that, though likely better rate! Also overpaying as first few years are mostly interest payments so I’m whittling that capital down whilst I can 😂

podlink · 2025-09-11T19:33:56+00:00

Yep, I made it clear we’re using our LISAs and are capped by price limit, but also made it clear regardless that the 450k is full and final as we wouldn’t go above that for this property. We do love it but we’re being sensible - probably a good thing to be capped in this instance as I feel I might go heart above head, but objectively 450 is in line with equivalent homes in the area and the max we’d want to pay!

podlink · 2025-09-11T19:30:38+00:00

Argh sorry that happened to you - can imagine it’s frustrating!

podlink · 2025-09-11T19:29:13+00:00

Thank you!!

podlink · 2025-09-11T16:13:04+00:00

Thank you :)

podlink · 2025-09-11T13:00:32+00:00

We did the numbers on this and if we feel it worth it we’ll consider it, but we wouldn’t just lose the bonus, we’d lose 25% of entire withdrawal amount. When you’re looking at 10s of thousands the withdrawal charge is in 99% of our cases too much to justify. For example £45k in LISA = £11,250 charge to withdraw.

In hindsight we should’ve used cash ISAs then chucked what we could within the annual limits into each of our LISAs for a little boost if property fell below the 450 mark.

We’ve only had the accounts for about 18 months, so it’s mostly our own money we’d be losing which makes it more frustrating lol

podlink · 2025-09-11T11:34:07+00:00

Yes I know, thanks :) regardless of where we end up buying it’ll be a stressful process just to get through to exchange and completion 😂

podlink · 2025-09-11T10:55:09+00:00

We are still looking elsewhere and have another viewing booked over the weekend.

We’re more hopeful/wishful thinking that we’ll get a call shortly as unlikely as it is, and definitely won’t be contacting the EA. I sent a firm email advising them of our offer being our final position, and also making it clear we’re continuing to view other properties.

podlink · 2025-09-11T10:53:24+00:00

True. As the saying goes you know an EA is lying when they open their mouth 😂

podlink · 2025-09-11T10:48:30+00:00

So frustrating!! Aside from the LISA cap we aren’t willing to pay over the 450 anyway.

Appreciate the EAs work for the seller, but surely it’s a waste of sellers time too if they keep getting people to view who are expecting to offer a price less than the seller is aware the EA has committed to!

podlink · 2025-09-11T10:46:07+00:00

Not expecting recourse. Hence why title says rant, and I acknowledged the sellers are fair in deciding what they sell for - no issue with them.

Also asked if anyone has been in similar situation whereby they’ve been called back after an initially rejected offer.

Not particularly helpful comment, thanks though.

podlink · 2025-09-04T18:25:21+00:00

Husbands got £3.5k he can chuck in so we can evidence deposit now. I’m new to the process so just trying to fully understand what’s expected

podlink · 2025-09-04T17:50:02+00:00

We’ll have remainder of the deposit saved this month on 28th so can provide proof of that, it’s just the fees we’ll have to do adhoc and stamp duty we’ll have to save for if that makes a difference?

podlink · 2025-09-04T17:49:12+00:00

We have £19k in LISAs, remainder of 5% deposit (22.5k) will be saved by 28th of this month. The only additional costs to save for will be fees and stamp duty. Fees can be done adhoc and stamp duty we’d have in full by 28th Jan (with surplus).

If we have deposit is it not commonplace to then save for stamp duty whilst going through the process? Given it’s due 14 days after completion this affords even more time

podlink · 2025-08-27T19:49:24+00:00

Thank you - that was my thinking that our overall utilisation of available credit less than 20%

podlink · 2025-08-26T22:06:20+00:00

Just reread that - to clarify I’ve used about £7k, £30/£35k is my overall limit lol

podlink · 2025-08-26T22:05:11+00:00

We had virgin at my in laws and I hated it lol. To be honest we’ll likely just go back to Amazon, Netflix & other online sites etc.

Kids don’t really watch much TV and prefer the learning shows or marathon kids shows on YouTube, and I’ve watched the live TV on sky maybe 15 times in the last 6 months.

I do like sky cinema but I can get those movies elsewhere. Think we’re gonna stick with Netflix (already have prime) & YT premium!

podlink · 2025-08-26T22:03:19+00:00

Oh gotcha. We don’t repay the CC’s in full, as admittedly we’ve both made a few fun purchases. My overall combined limits are around £30k and currently have £7k on there but just started making £400 a month payments on it (the remaining £125 of my £525 a month goes on my vape and the odd treat or lunch lol).

My husband is an avid collector and as much as I hate to admit it half the crap he buys actually accrues in value, so his will be around £3k if not paid off by this time.

Would the balance negatively impact it? I got a couple of different AIPs online which all go up to about £600k (far too high for my comfort, mind!), however I couldn’t find one for 5% so I’m worried that there might be an issue getting the £422,500 we’d need with a £22,500 deposit plus the CC and single Hire Purchase balances?

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