First Time Buyer Advice UK

Hi Alex, I’m in the middle of an application and my car insurance policy was renewed in March (it’s payed monthly) it’s only just updated on Experian. I’m guessing because of the impact of covid .... Will this cause problems?

Hey Alex, do you think lenders asking for 20% deposits due to the current crisis will be a permanent hurdle? Got my 10% together then was told to double it

Nice new lighting. V professional

Are you planning on doing anything on the first home fund in Scotland?

The information about help to buy is incorrect Alex. You say that you can only borrow 4.5x including equity loan is misleading. Please correct your mistake my friend.

You mentioned tier 2 visas, what if you have limited leave to remain? How many years\months left do you need on your residence permit before you apply?

Love your videos.
Can you do a video on how to repay the help to buy loan? Would be really useful for first time buyers in what options are available when the 5 year interest free period ends on the help to buy loan.
Thank you

Regarding agreement in principle, I found that all the estate agents I looked at were asking if I had one before taking my details for a viewing. It was quite frustrating actually. Not sure if it's just an issue based on my location or if others found this as well.

Yes, I'm in the process, really good advice. I did find you can't view any properties without a mortgage in principle first. Can I ask when do you pay the deposit? In my case, it'll be 6 months before I can move in because it is a new build.

Other than a simple Google search, how do you find a solicitor? Or is that simply the best way?

Thats some very handy info

Hi just want to ask one quick question as i am applying for mortgage as joint as i am applicant 1 and my wife is applicant 2 but my wife got spouse visa and my self m british can she get help to buy. As we both are first time buyer. Thanks

Hello . Very interesting. How can I find somebody to help me to find a house in these terms , please?
Thank you Alex .

Hi there, you said that is really important that all documents match. In that subject, all my documents are as Single (because I am). if I marry (marriage certificate) do I need to change all my documents or the only relevant bit is the "Full Name"? Thanks

Hi Alex, I like your videos... Would you be so kind to make a video and give us your opinion about the current situation in the UK, where for example Halifax is offering 85% mortgages? What do you think about that? How long could that last? Is interest bigger now than they were last year? Is this good moment for buying a house? Now many people can give a 15% deposit. I would like to hear your opinion, I believe that will be a good video

Hi Alex, thank you for the information. I am new in the UK. Is it necessary to have a credit card to get a mortgage? Please reply

Great video. I have a question - if i have a sum of money of say ~ £1000 in a stocks and shares isa and transfer it to my bank account before the mortgage application to help with the deposit will the lender question this and i will have to provide a statement or something to show its came from my isa? Thanks

Hello! How difficult is it to tie a pre existing loan into a mortgage?

Hey sorry I don't get when u say about AIP timing. Don't we need to get an AIP so we know about how much we can borrow？

Hi I actually recently spoke with you regarding buying first time and we are booked in for an update call in December. My situation has now changed and I’m looking to buy a lot sooner. I’ve tried to get an appointment with you to talk about my options but you don’t seem to have any available slots.

I save about 10k a month but my income comes from trading. Is this consideted a risky and less relevant income? Where I live, prices go from 350k and id like to save at least 50% or 200k for a deposit. Would this compensate for a risky income or would I nees more for a deposit?

Hi Alex. thank you very much for sharing the video.

I have 5 defaults back in 2015 and 2016. I fully settled 3 defaults however I have 2 default dated 26/10/2015 and 26/01/2016 and still owe approx 7000 pounds to the lender. I was paying a 1 pound Token payment plan from step change since 2017 and as my circumstances improve I started paying more.

I am planning to buy my first property and I am in a dilemma as I have 3 options
1 it is worth paying 2 default loan of 7000 pounds and makes my account full settled, however, that is a big amount of money and it will impact on my deposit if I pay in full however my credit file will be fully settled
2 my lenders are happy for partial settlement and I could save 2 to 3 thousand pounds if I do partial settlement.
3 I will continue to do minimum payment because it's nearly 5 years old and all my default will erase after almost 1 year from now.
can you please give me the best option so that I would be able to get a mortgage?

Also, my second concern is I am self-employed, I make gross income 25000 before deducting expenses. so when I apply for a mortgage will you take into account gross income or profit from self-employment.

Thank you

How do i get in contact with you regarding mortgage advice ?

Hi Alex, any advice on 1st time buyers currently and is it worth it to buy a house now or shall I wait till rates improve? Before lockdown the difference between 5% to 10% deposit was huge! Now 10% will get me the same rates or even worse compared to pre lock down!

Hi alex quick advice its been month now ive applied for my mortgage my adviser has only just informed me she has forgotten to upload load my payslip and is now away from her office for 3weeks can this delay the process.

Hi Alex
I thinking to buy a property for the first time. Please suggest.....

Hi Alex,
About the survey/evaluation of the property:

Shouldn't we do one before we make the offer, to get a good idea of any hidden problems of the property that will affect the range of our offer? For instance, there may be problems in the roof of a property that we may not be able find out ourselves, but the surveyors can find out and let us know, so we can make a lower offer or withdraw our interest completely.
Thank you

I am curious what platform are you using to edit your videos?

Great video,

Could you please elaborate on what you said about paying off the debt before a mortgage application?

I thought this would actually be a good idea since my net income per month would be higher when completing the app?

This leads to another question: how important is the salary & net monthly income? For instance, £1400 net income per month vs £1600?

If I could pay off my debt, then my net income would be a bit higher. Does it matter?

What do you think is the ideal time span between making alterations to your credit reports and applying for a mortgage? a couple of months?

Thanks in advance!

Good morning Alex, great video and thanks for helping us. My question is, I’m looking to buy a house in Nottingham but I live in London and work here. I want to buy it as first time buyer. I’ll go there just on weekends and work in London Monday to Friday. Do you think this will be a problem with the leader?

Some segments in the video are stamped not adjacent to each other

exchanged contracts on first flat last week, watched alot of your videos before starting the process- very helpful, thanks!

⚡QUESTION OF THE DAY: Are you trying to buy your first home ? LMK 👇👇👇