u/Unfair_Presence_945

Good evening!

I feel as though I am posting a lot but I truly appreciate the support and advice we have received during this time!

We had our offer accepted on our property today, and the estate agent has asked for all the usual details including proof of funds. We are choosing a 0% deposit mortgage so we have informed them of that. Now, all of a sudden she is saying that is a concern and she will have to pass it on to the vendors. After speaking with her on the phone we have reiterated to her that we have our mortgage in principle and the 0% deposit acts no differently for the sellers as a traditional 5-10% would. She still continued to lightly argue and kept attempting to spin it in a negative light because the property is old. There is nothing else we can do until the estate agent talks to the seller tomorrow, but this really feels like the estate agent is overstepping. We followed up with an email reiterating that the 0% deposit mortgage is reputable and recognised and has no concerns or additional risks to the buyer and that the reason we are doing this is because the property requires modernisation, which we would need money for.

We are concerned that she may spin this negatively to the sellers who then decide not to proceed with the offer. Particularly as they had another higher offer (2k more) but decided to choose ours due to no chain.

It’s very disheartening as what has turned from a happy day has now filed with those anxieties again. We also have our mortgage advisor appointment to proceed in 2 days and I am aware Skipton has a fast turn around, so it is unlikely it would even be an issue and we could have our mortgage in place by mid next week.

Minor Update 20/5:

We have spoken to the mortgage company today. They said that if the property gets down valued, there is the option for us to ‘top up’ with a deposit (of less than 5%) to hit that mark and mitigate the down value. So say our offer was 300k and the valuation was 295k, we could put 5k down to make up the difference as such. Hopefully this (and the fact we are willing to do so as long as it wouldn’t get down valued massively) is enough to remove at least some of the risk of the 0% deposit.

Second update 20/5:

Sellers happy to proceed!

We have had our offer accepted!!

However I have just rang Skipton to go forward with the process and they have said they don’t have any appointments for over 10 days! Did anyone have any luck with cancellations? Will this delay our process any more with solicitors etc?

Good afternoon everyone! I would love if someone could give us some honest feedback about our likelihood in our offer being accepted, I know it’s hard to say, but we really love this house.

The house was listed at 280k, us and another couple offered 260k. Both these offers were rejected. We then offered 268k, and the other couple offered 270k. The estate agent rang us back and asked us if we would be willing to match and we said no. Based on this, we obviously thought we would lose out, but it turns out the other couple are in a chain and have yet to find buyer for their property. The house we want to purchase is empty as it has just finished going through private and we were told the sellers wished for a quick sale.

For them, is it worth taking an offer 2k less based on us having no chain? Realistically the purchase would happen quicker with us and have a lot less chance of it falling through. We have the funds to go to 270k without an issue so will do so as our absolute last resort but it could be likely that the other couple would also increase their offer and we end up in the same position. There is also 4 people selling this house, so an extra 2k is actually only £500 each.

We are very anxiously waiting to hear back from the estate agent!

Good evening everyone!!

We have put a second offer in on a property (our first was rejected) and we feel like we are close (fingers crossed) to getting it accepted. We are FTB and the property is empty so we really want to get a move on with prepping everything we can.

We have a solicitors chosen (not instructed) but I was wondering what documents we need for a mortgage application (Skipton track record mortgage)?

My husband also is starting a new job (we applied with his new income as Skipton suggested) but he has yet to receive a pay slip (he has a signed contract with salary). When I spoke to Skipton on the phone they said that depending on the underwriters they may not even require a payslip, has anyone had any success with this? Thank you!

Hello hello! I need a little bit of info about pay, that is if anyone has any insight?

I have just been offered a position in a police staff role with a base salary of xxk for 37 hours.

In reality, the job is 4 days on, 4 days off with 12 hour shifts, meaning there is overtime, weekend and shift allowance.

The first six weeks will also be classroom training 9-5 or something similar so for then I will get the base salary only.

My questions are:
- I get paid the 16th of every month. How does this work? Is it for the month we are in or for the previous month? My contract says nothing apart from the salary is equally split into 12? If it is for the month we are in, how does that work for the additional overtime, weekend and shift pay?

I want to preface this by saying I am an anxious person and always have been, always will be. I also want to preface that I know I will only find out for certain once I am contacted and no one can give me answers, I just like to get additional information to help calm me down and stop me overthinking.

Now that is out of the way…

We did the mortgage calculator on Skipton today and got told how much we could borrow and all of that. So we decided to go ahead with a DIP.

For context, I finished university in late 2023 and have been in employment pretty much since then, but have only been in my current company since January. My husband has been working continuously since he left school, probably around 8 years total and been with his current job almost 5.

After filling out this information it then stated that the need to get into contact with us (next business day so likely Tuesday?) to find out more information, does anyone know why this would be? Did this happen to anyone and then their application was successful? What information could they need?

We plan to go view houses next week and ideally wanted the DIP so we could move quickly.

Once again, I know that I am super anxious, but the reassurance would be really nice to have.

I want to preface this by saying I am an anxious person and always have been, always will be. I also want to preface that I know I will only find out for certain once I am contacted and no one can give me answers, I just like to get additional information to help calm me down and stop me overthinking.

Now that is out of the way…

We did the mortgage calculator on Skipton today and got told how much we could borrow and all of that. So we decided to go ahead with a DIP.

For context, I finished university in late 2023 and have been in employment pretty much since then, but have only been in my current company since January. My husband has been working continuously since he left school, probably around 8 years total and been with his current job almost 5.

After filling out this information it then stated that the need to get into contact with us (next business day so likely Tuesday?) to find out more information, does anyone know why this would be? Did this happen to anyone and then their application was successful? What information could they need?

We plan to go view houses next week and ideally wanted the DIP so we could move quickly.

Once again, I know that I am super anxious, but the reassurance would be really nice to have.