Time Does Pass Quickly

From a house move, to a wedding, to a mini moon.

The last 3 months of our lives has been a whirlwind but I have so much to share with you all!

I will be doing a few different series based on the hen do, wedding, decorating and re-start all my old posts series’.

I hope that all my old readers will join back in with me and that any new readers feel welcome enough to give me a follow along!

I hope your all well and I can’t wait to get re-started.

k

 

 

Mortgage Application 3.0

Yeah, this is the reason that I’ve basically disappeared for the last month. If I wasn’t at work I was talking to the brokers, filling out things for the solicitors, emailing my accountant and waiting for HMRC. Luckily I also managed to fit in some social bits too, but you know moneys tight.

So what we’ve done next in this journey.

We got our approval from the UK Governments Help to Buy which was a pressure off and made us happy, we’ve filled out everything for that, signed everything and that’s a go. Surprisingly this was a really easy bit.

help-to-buy

So tip 4if your worried about the help to buy scheme; don’t be. As long as you qualify it is very straight forward. The government have some really helpful videos on their website too.

We sadly had a big delay with ordering my SA302’s from HMRC. We found out for some reason my accountant wasn’t registered as my accoutant with HMRC so we needed to wait up to seven working days for the code to come through to name her as my accoutant. After that we ordered my last two years worth of SA302’s.

These didn’t arrive after ordering the first time which felt like a wasted 2 weeks and a lot of pressure from the brokers even though I’d explained the situation to them there was nothing I could do; you don’t try to rush HMRC along.

So tip 5 if you have an accountant, make sure that for whatever reason HMRC recognises them as such otherwise they can’t handle things for you.

Tip 6 and again I cannot stress this enough, order your SA302’s before you even start looking into buying a house, just have them for the sake of having them!

signature

As we’d had to sign a lot of things and you know people’s signatures change over time. MrGUINES has obviously changed since he got his driving license so we needed to get his signature verified and certificated by his bank for the solicitors to accept it (obviously they did, no problem). It is however little things like this that are niggly and can cause small delays.

So tipĀ 7 if your signature has changed and is different now from your license (as it very well may be, for us its 10 years down the line since we signed our licenses) but you bank has your new signature on their system, just pop in and get a certificated letter from them that says your you.

driving-licence

I do hope that this series is managing to help any of you first time buyers out there. Your really not alone is this scary, exciting step!

K

Mortgage Applications

How is life going for you all?

I hope its good.

We’ve having some crazy weather here. 30 degree’s one day and then flooding the next! Just give me the beautiful season of autumn, inject some Halloween and I’ll be ace.

So life the last few weeks has been stress. I mean limited sleep, long work hours, evening appointments, phone calls, emails, online accounts.

house2

We’ve started the process of our mortgage application. Amazing and we are so excited!

The thing I don’t like: Intimately sharing so much of our financial lives with several people. I imagine like any of you that have moved out and had to save money for a down payment may also be protective of that money and not want to share the ins and outs with others. You know, it raising the risks right?

This is something that I’ve just had to suck up and get over if we want to actually get anywhere. So we’ve shared everything with solicitors, mortgage brokers and the bank, at least 5 people have been involved so far in the financial side.

I’ve gotten very intimate with paperwork and making life altering situations. It has literally been a learn as we go thing. My brother-in-law is a god send, I am honestly gonna buy that man such a present when this is over!

He’s answered all my stupid questions, explained things several times over to me, I mean several times and has been great in helping us hunt and recommending the time we get a mortgage as it’s at an all time national low.

boxes

There’s hidden things though. Things that can cause delays for weeks. Now if like me you’ve read the basics, you know that you need:

*Good income.

*Good deposit, the more the better.

*You’ll borrow money from a bank depending on your earnings, better credit score, more likely to get a better chance at being lent to.

*If self-employed you’ll need 2-3 years of certified accounts for most banks.

Simples right?

check-boxes-large.jpg

Wrong.

I’ll be making this into a little series over the next few weeks as we go through it. Please let me know what you think, either through likes or comments and I’ll go more in-depth with it for people.

Personally I’ve found very little blogs out there that have a personal experience in regardst to buying for the first or even second time; that aren’t written by a lender/bank/broker etc.

Let me know, I’ll release part 2 soon!

K