First Time house buyer - fed up of renting. My story!

[[FnG]magnolia]

90% LTV is about the minimum you'll get away with in this climate however you do take a good hit on the rates available. Few places offer more than that but again they'll hammer you on the rate. 75% LTV is where the better rates kick in.

Usually at a low ask price, 95k as per OP, and deposite of 10K, just over 10%, they will offer you a mortgage, but it'll come with a good % or possibly 1.5% additional interest rate.

Ah, I see. It's still 20% minimum or GTFO over here right now which was useful when we were buying.

I can't believe 95 grand gets you a house

 

[rG-tom]

it doesnt, it gets you a 2 bedroom bedsit in a converted house.

 

[Derek W]

it doesnt, it gets you a 2 bedroom bedsit in a converted house.

i can get a semi detached for that price

 

[rG-tom]

i can get a semi detached for that price

on a council estate?

 

[Derek W]

on a council estate?

ex council house some in a half decent area as well so not all doom and gloom

 

[rG-tom]

ex-council house and decent area doesnt add up to me

 

[Derek W]

ex-council house and decent area doesnt add up to me

with the amount of council houses being privately purchased the past 10 years or so the 'council estates' are like any other housing development these days. So not really that bad an area. Of course there are always scummy areas though

 

[koolpc]

We made an offer on a bungalow today. Got to wait for tomorrow to see if accepted!!! No mortgage though!!

 

[psd99]

property for 100-140k up norf? damn it.....

in the sauf (london) you wouldn't afford to buy a few walls for that much

 

[VoG]

I can't believe 95 grand gets you a house

actually you can get a house for cheaper than that if you don't mind a "meh" area. clicky clicky