mortgage inquiry *UPDATE*

**Bournecrazy** · 02-10-2009, 07:29 PM

original post (july '08)
[ame="http://www.frugalvillage.com/forums/showthread.php?p=1110527#post1110527"]mortgage inquiry - Frugal Village Forums[/ame]

On tuesday we went to see someone about a general mortgage inquiry as a flat just up the street from us went up for sale at 55k - another flat on the same area is up for 78k. Bargin really, but it does need a little work doing, just mainly cleaning and new wallpaper maybe carpets. Only 1 major thing it needs is a new heating system and the boiler has been in there since it was built 30+ years so i would prefer to have a new boiler to be safe.

so when we spoke to the guy he said that we had a good credit rating and low credit going out which made it easier getting a quote.

We have basically been pre approved for a mortgage up to 60k, on the average income of 10500 a year each. it works out to be around 340 a month in payments. We havent confimed anything yet but it could be soon. We dont have to pay a deposit out of our own pockets either, they just knock more off the final price (it sounds funny but its all fine just very hard to explain) so the savings we have at the minute will help a lot in getting the palce up to scratch and there are also no moving costs to deal with either - i'll just cart everything up the street

hope it all goes well

**redeme** · 02-10-2009, 11:23 PM

Good Luck!!!! Let us know how it turns out.

**phoeny_moonstar** · 02-11-2009, 04:32 AM

Good luck on getting a new place!

**Darlene** · 02-11-2009, 07:33 AM

Good luck & can't wait to hear more.

**Dancing Lotus** · 02-11-2009, 07:37 AM

I take it that your are currently renting?

Good luck.

**Bournecrazy** · 02-11-2009, 12:47 PM

no were not renting still living at home with parents. the place we are looking at is on the next streets and i can see it from where im sat now lol

We put in an offer of 49500 got rejected as there was other people interested then said 51000 rejected again so we agreed on 53000 at it was accepted!

we are going in to see the agents tomorrow to sort everything out.

fingers crossed it all goes well.

**mommy4ever** · 02-11-2009, 02:23 PM

How exciting!

**PrairieGirl** · 02-11-2009, 02:52 PM

How fun!!!
Congrats on the new flat!

**Michelle68** · 02-11-2009, 04:43 PM

Good luck and congratulations!

**Bournecrazy** · 02-12-2009, 10:49 AM

in the end we got the mortage at 49500 with us only paying just over 2k for deposit plus fees

**Bournecrazy** · 02-12-2009, 10:51 AM

oh and anotehr thing DBF is getting onto the idea of an EF he said we need to start putting in extra savings towards the fund we already have and make it bigger.