Book a free chat with Alex: link.coursecreator360.com/widget/appointment/mortgage-chain

Just bought my first house, just had to come back to say thank you for this video it helped massively

@alexkerrmortgage

3 жыл бұрын

Glad it helped! Thank you for your kind words! Alex

You literally explain perfectly well! Thanks very much for you time that you share for us.

this video was extremely useful. thank you for posting these tips!!!

I love how calm you are it’s a breath of fresh air watching your videos x

@alexkerrmortgage

2 жыл бұрын

Thank you very much!

I love how calming your voice is well done 👍 Alex.

Thank you for this. Your pace is so steady and slow. We are just embarking on the journey to get in a position to apply for a mortgage loan and I’ll be watching all your stuff 👍🏽👍🏽 They slow pace really helps me to follow

@alexkerrmortgage

3 жыл бұрын

Glad you are getting value! :-)

Great video and good advice. Looking at buying my first property and this really helps! Thanks!

@alexkerrmortgage

4 жыл бұрын

Hey James, thanks for the comment! That sounds awesome, good luck! if you need any help with that, just let me know. Alex

very informative, video explained everything in easy and comprehensive way. Thank you for making the video.

@Marketplacere

2 жыл бұрын

Really its an informative content

Thank You, Alex. This video helped me a lot to understand how to do a plan before buying a property. Hopefully to get it mine soon.

@alexkerrmortgage

3 жыл бұрын

Thanks for your comments, really glad it has helped you!

Amazing and useful infos given step by step.

You have provided extremely useful advice. I have already implemented some of them.

@alexkerrmortgage

3 жыл бұрын

Glad it was helpful!

Thank you so much for the drilling I needed it

This is a fantastic video, thank you for the tips, your page is amazing and extremely informative.

@alexkerrmortgage

3 жыл бұрын

Glad it was helpful!

*UPDATED* 7 Mortgage Application Tips for First Time Buyers - How to Prepare Properly (2022) kzread.info/dash/bejne/hHyulMGlfs6naaQ.html

This is good guidance and advice. Thanks!

Thanks Alex really useful stuff here.

Great video very informative thanks Alex

Thank you Alex I've watched all your video took your advice I've been offered a proper mortgage during this pandemic I'm buzzing thank you

@alexkerrmortgage

3 жыл бұрын

Thanks Danny! And good luck with your nee home :-)

Thank you for your help. 😊

Very helpful, thanks so much. Just subscribed.

@alexkerrmortgage

3 жыл бұрын

Thanks for the sub!

Alex you are a blessing!! My partner and i are about to start the whole process of buying our first home and it's so overwhelming Alex. Thankfully our credit is excellent for both of us and we are now living "vanilla" for the next 3 months making sure any loose ends are cleaned up and finances are good while we get all our documents together. Thank you Alex for this video it's a huge help. I look forward to returning to your channel and letting you know that we have achieved our dream!! I've taken so much notes down from your videos. I can't thank you enough 🙏🏼

@alexkerrmortgage

Жыл бұрын

Hi Bella, thanks for watching and I would love to know when you achieve your dream. Please drop in and let us know!

Very clear advice

Good advice. This is amazing alex ! keep posting

@alexkerrmortgage

2 жыл бұрын

Thank you! Will do!

Great video. Very helpful. Thank you

@alexkerrmortgage

4 жыл бұрын

Vicky Harrison thanks Vicky!

Very helpful. Thank you

Thanks for info....waiting for your next video...

@alexkerrmortgage

4 жыл бұрын

Hi Limbuhang1, no worries! Alex

Thanks for sharing your knowledge with us.

@alexkerrmortgage

Жыл бұрын

No problem, any time, and thank you very much for watching!

This is really helpful😊

Thank you soo much

Thanks really helpful

Thank you very much for the informative video.

@alexkerrmortgage

2 жыл бұрын

No worries, thanks for watching. Please subscribe, we have an updated version of this coming in a few weeks!

Excellent stuff, thank you

@alexkerrmortgage

2 жыл бұрын

Glad you enjoyed it. Come on the gunners!

Great video 👍

Good video. No background music noise. Speak slowly & clearly you 👍

@alexkerrmortgage

2 жыл бұрын

Thanks for the kind words!

Great video

Awesome. Speed up to 1.75 and you are golden!

@lucaschristian135

4 жыл бұрын

Thank you!

@alexkerrmortgage

4 жыл бұрын

ok I will practice on getting quicker :-)

@lucaschristian135

4 жыл бұрын

@@alexkerrmortgage no shade meant at all!! You still did a really good job at helping me learn!!!

@alexkerrmortgage

4 жыл бұрын

@@lucaschristian135 Its ok I know exactly what you mean! A video flows better when its quicker!

Great stuff

I've just applied for a mortgage and everything is going through at the moment. I wish I found your channel sooner

@alexkerrmortgage

4 жыл бұрын

Thank you for your kind words! And good luck with your purchase. Alex

Love watching your videos, learn something every time.

@alexkerrmortgage

3 жыл бұрын

Awesome, thank you!

Amazing thanks 🤗

Thanks for sharing 👍

@alexkerrmortgage

3 жыл бұрын

No problem :-)

Excellent

Great information

@alexkerrmortgage

3 жыл бұрын

Glad it was helpful!

Thanks man😁

@alexkerrmortgage

Жыл бұрын

No problem 👍

Hey Alex, another great vid! Your voice is incredibly relaxing . Anyway, do mortgage lenders look at how much money you have left over at the end of the month? I am a primary teacher and pay £850 and £220 for council tax. This is easily paid with my wage, but typically I don’t have loads left over at the end of the month. Last three months probs had 170 left over in august, 430 in September and 180 in October. I’m just getting so paranoid over everything going wrong and getting rejected! Any soothing words for me …. Hahaha

@alexkerrmortgage

2 жыл бұрын

Thank you for your kind words! The lender would go through a budget planner with you during a mortgage application, as long as affordability fits when looking at the amount you can borrow you would normally find there’s enough surplus left in your income, as lenders stress test when calculating affordability. It’s always good to use the lenders affordability calculators to get a feel for how much you can borrow and your affordability.

Hi, Thanks for a nice video with tips. I live in rented accommodation where all bills and council tax are included. I don't have any utility bill. What shall I do?

@alexkerrmortgage

4 жыл бұрын

Hey! So in this instance, a bank statement can double up proof of address as well. Lovely!

Hi Alex! Such an informative video thanks. re Utility bills - What about if you and your partner have moved back in with your partner's parents to save additional money for a deposit? We won't be on any utility bills but of course have updated addresses on credit card, bank statement, registered to the local doctors etc. Thanks in advance!

@alexkerrmortgage

3 жыл бұрын

Hi Jessica, thanks for watching! You can use a bank statement for proof of address :-)

I was very annoyed with the "do not spend on your credit card" rule before applying to my mortgage. I use credit cards because I get literally 30 days free credit on all my purchases since I pay the balances on time so I avoid spending any penny on interest. It's also very easy to manage your cash flow since you only pay your credit card once a month and helps put aside the right amount to invest an ISA or something else. That should be added as a plus, not a minus but lenders do look at you as an average individual based on your profile, not at your specific case.

@alexkerrmortgage

2 жыл бұрын

I understand your frustration but this process would be too difficult to manage on every single application.

Tomorrow I apply fro my mortgage. Fingers crossed. 🤞

@alexkerrmortgage

3 жыл бұрын

Good luck!

Hi Alex ! Thank you for your useful videos ! Me and my partner are thinking to buy our first property here in Uk but we still don't have the money for full deposit. Would it be an issue if we apply for a credit to pay the deposit ? Would this affect our situation or decrease our chances of getting the mortgage? Thank you !

@alexkerrmortgage

4 жыл бұрын

Hi Denisa, here is a video on no deposit mortgage... ! It is possible, but due to covid its on hold... It will likely come back. kzread.info/dash/bejne/Z4x9kptwodvNYbA.html

⚡QUESTION OF THE DAY: Are you having any problems with obtaining any of the documentation required for a mortgage ? Let me know! 👇👇👇

@amitkaushik5841

4 жыл бұрын

Hi, I am comfortable with all the aspects mentioned in the video. However, I am getting my deposit as a gift from my parents who live outside the UK. My UK passport clearly states their name as my parents, and they are okay to provide information such as the letter of gift and their bank local statements (solicitor stamped). My questions are, firstly, will it be a bad point in my application, also, how many months bank statements do they need to include. Thank you in advance.

@hifive6715

4 жыл бұрын

Hello, what is the stamp duty for a first time buyer if the property is £350.000 to £375.000? Thank you

@alexkerrmortgage

4 жыл бұрын

@@hifive6715 £350,000 = £2,500 and £375,000 = £3,750. Here is our stamp duty calculator so you can easily calculate it for any property price - mortgagechain.co.uk/stamp-duty-calculator/ Any further questions let me know! Alex

@oyegokemubarakadebayo5179

4 жыл бұрын

I had a poor credit report I needed to pay bills and make changes in my apartment as things where getting Shabby, I paid various hacker to help boost my credit score and clear the bad stuffs on my credit but they couldn’t change a thing. I have been scammed several times I really needed to fix my credit report, I came across a lady at the store by name Mariela as she was telling to her friend about her hacker, I had to stop and ask her a few questions we where getting to know each other, as she shared with me a testimony of a great hacker Roy, how he fixed her credit and gave her a Good score. I decided to give a try on the hacker, I had a strong hope he would put a smile on my face. I contacted Credit MasterFix Hacks LLC explained to him my situation, he explained the process and requested for my information. In less than 72 hours my score was raised from 465 to 789 and in exactly 5 days my credit got in good shape, all late payment and negative items was pulled out i can tell you with all sincerity that my life is back to normal and things are actually working out for me and my family, all thanks to Credit MasterFix Hacks LLC you can get to him via creditmasterfix▪com God bless him

@nyloves0216

4 жыл бұрын

amit kaushik did you get this sorted out? If so how did you resolve this?

Thanks for the info Alex. Definitely helped! I was wondering what bearings a high credit limit would do to my application?

@alexkerrmortgage

3 жыл бұрын

Do you mean from a credit card ?

@zuhritahir

3 жыл бұрын

@@alexkerrmortgage that's right

@sephrah_precious

2 жыл бұрын

@@alexkerrmortgage Is £2k too much on a cc?

@alexkerrmortgage

2 жыл бұрын

@@sephrah_precious is that total debt ? What is annual income (approximately) ?

@sephrah_precious

2 жыл бұрын

@@alexkerrmortgage no this is cc limit. I spend little on it then pay it back. Wondering if I should reduce it before applying?

Thanks for the help! Would an accountant typically charge for providing and signing accounts?

@alexkerrmortgage

3 жыл бұрын

Hi Bradley, thanks for watching ! An accountant would charge for submitting accounts.

Hi Alex, I am wondering is this pointers for when the solicitor gets involved or does this occur before seeking a solicitor?

@alexkerrmortgage

4 жыл бұрын

Hi Nufa, sorry I haven't completely understood your question, can you expand on that a bit please ? Thank you, Alex

Great job 👏

Wow thanks so much Alex.. Wanted to find out on the proof of deposit issue, what if the deposit is accumulated as a result of small scale trading (not registered, the kind of Facebook market or ebay thingy) wondering if this will be acceptable.

@alexkerrmortgage

3 жыл бұрын

As long as you submit a self assessment return, you will be fine as that is evidence of your income 👍🏻

Hi Alex, great summary, if fact UK's youtube broker advice at its best! Quick question: Are there any lenders in your experience that would consider monthly 'Sales commission' on top of base salary towards the mortgage they could give? or it is strictly based on base salary only; any extra income in a form of sales commission won't count even if it is 'steady' ?

@alexkerrmortgage

3 жыл бұрын

Hi Michael, thanks very much for your kind words! There are plenty of lenders who will take commission into account, based on averaging the last 3 months. Some will take 50% of this figure, and there are usually one or two who may be able to take 100%. It all depends on the criteria at the time!

hy there sir can you explain the simple calculation steps to reach the final mortgage amount that the bank will lend you based on you incomes? thank you very much cheers

@alexkerrmortgage

4 жыл бұрын

Are you employed or self employed ? Alex

Hi Alex, Question: What about a person in the military who has no "permanent address" as you move every 2 years. And due to the nature of the accommodation the military stay in, you do not pay Bills either? What would you suggest

@alexkerrmortgage

4 жыл бұрын

Hi and thanks for your questions. Lenders understand this situation. Bank statements can also provide proof of address and you likely have some history at a previous address, parents etc ? Your past addresses should connect it all together when it comes to a mortgage application!

Hi! I am in a bit of a complex situation. Would love your advice. I’m a first time buyer who has a limited company. I have had one for 5 years but was also employed for 3 of those years (up until nov 2019) and still worked for my limited company on the side. My employed income was my main source of income (for 3 years) and a lot of lenders don’t look at this. Also covid hasn’t helped! Any advice would be awesome!

@alexkerrmortgage

4 жыл бұрын

Hi Kam, we have lenders that will look at both forms of income... The best thing to do is to book a free chat with me (analysis call) so we can discuss... This is quite complex and cant answer in a comment. link here! outlook.office365.com/owa/calendar/MortgageChainLtd@mortgagechain.co.uk/bookings/

I’ve had a CCJ on a utility bill for a small amount. It’s now 4 years old. Can lenders be put off by this? We have most of items you’ve listed. Everything else you’ve explained is very helpful as we’re trying to put all these things together plus continue saving 😩Your tips are very useful thank you for sharing in a calm clear manner 🙌🏾

@alexkerrmortgage

3 жыл бұрын

There will likely be lenders that will have criteria, that would ignore this.

@craig1996

2 жыл бұрын

you're in the same boat as me, me and my partner have been refused ☹️ have you had any luck?

Hi great video just wanted to ask how long it will take to get a mortgage in principle?

@alexkerrmortgage

5 жыл бұрын

Hey Deniz, a mortgage agreement in principle can be obtained quickley within an hour or so - However prior to this, we would need to be sure that everything fits into place, such as affordability. We conduct a "Strategy call" with our clients to go through this part before an agreement in principle. Run past me what you had in mind ? Feel free to email me as well on alex@mortgagechain.co.uk - Thank you!

Great information Alex I'm currently saving up to buy a house. However, 2 years ago I had a DMP on my credit cards whilst in university. I have paid these off but its still showing on my report will this affects my mortgage application?

@alexkerrmortgage

3 жыл бұрын

It will likely effect the lender we can use... you may need a bigger deposit or to use a scheme (help to buy) for example. When you are ready get in touch for a free chat and we can look at the options. Alex

Will my online shopping on my bank statements affect us getting a mortgage? What kind of spending so I need to avoid (what is a vanilla statement) ?

@alexkerrmortgage

4 жыл бұрын

Spending is ok for most things, just as long as you don't have excessive spending patterns, the lender will not be concerned.

Hi alex, i dont have a utility bill as moved in with my dad to save money, can i use a drivers licence or bank statement? Great vid as always 👍

@alexkerrmortgage

3 жыл бұрын

Bank statement is the one!

Once you get on the electrol register how long does it take to reflect this or enhance your score. At this moment my score is only fair

@alexkerrmortgage

4 жыл бұрын

Hi Roxy! it’s 4-6 weeks until reflected on your credit file 👍🏻

Living in shared accommodation. bill is included in rent i pay so how am i supposed to get utility bill ?

@alexkerrmortgage

3 жыл бұрын

k driving license or bank statement will be ok

Hi mate, great video. Im saving for a deposit, all my money is in my current account. Is that ok or does it have to be in my saving account? Cheers Alex, looking forward to hearing from you.

@alexkerrmortgage

4 жыл бұрын

Hi Hussain, what I would do is put it into your savings account, and then transfer from your current account to your savings each time you want to save more. What the lenders want to understand is where has the deposit come from. If its obvious you have a trail starting from with a balance of zero, then its clear the savings are from you.

Thank you for your video. You say not to take out a credit card if looking at property. I'm currently not eligible for a mortgage due to my fixed term work contract but hope to be soon and so am researching, have contacted brokers and looking at property. So I took out a credit card so I could spend a bit on and and pay it off so there is proof of repaying credit. That may have been a mistake according to your advice. I already applied for it, haven't spent on it yet. What should I do in light of that? My credit score is high but my affordability is low due to working for a charity.

@alexkerrmortgage

3 жыл бұрын

Hi Carla, so I would advise not to take a credit card out during an application or just before you apply for a mortgage. The fact you have already applied for the credit card should be fine, you can spend on it and repay it back before interest kicks in, and at some point in the future this should provide a track record of repaying some credit and should therefore benefit you. The time it takes to get to this point can differ.

Great video thank you. Would a lender ever ask for more than 3 months bank statements to see outgoings?

@alexkerrmortgage

3 жыл бұрын

Hi Nick, yes the lender could ask for more than three months bank statements at any time. Alex

@alickak8346

9 ай бұрын

Would they ask for information from another bank account i have?

Hi Alex, Thank you for doing these videos' they're extremely helpful :) My husband and I are in the process of buying our first home but we are having an issue with one of the things on the list. I guess it would fall under the 3 years of address' category. Our mortgage broker is telling us that most lenders won't lend to anyone who's been in the country less than 2 years. We moved back to the uk after spending 7 years in Canada 21 months ago. Normally we would just wait the extra few months but we already have a winning bid on a house we love. Do you have any suggestions on how to get around this so we can complete the mortgage?

@alexkerrmortgage

2 жыл бұрын

Thank you for watching! I am afraid to the best of my knowledge It’s 2 years and then I would be recommending Barclays… I don’t know of any other lenders who will allow it quicker…

5:03 Payslips now days are all send by emails. No paper payslips anymore. Can downloadable emailed payslips used for proof of income?

@alexkerrmortgage

2 жыл бұрын

Yes downloading them as a PDF would be absolutely fine.

In regards to proof of deposit. What if you have been saving into something like plum for a while and then transferred a lump amount in to your bank. How far back with statements would you have to go?

@alexkerrmortgage

3 жыл бұрын

You need to show statements that have transactions on... So if for one year, there were no transactions, you would not need to show the statements over that year.

I'm looking into buying my first property. How important is it to have a vanilla bank statement for the last 3 months? I currently have a lot of disposable income, around £2-300 per week disposable but my statements are... well.... as wild as you'd expect with that much disposable income. Should I just spend 3 months being good? Or is it something that can be overlooked? A house is coming up for sale very soon and I wanted to buy before it's listed for sale. It's a recent inheritance. Any help would be appreciated

@alexkerrmortgage

4 жыл бұрын

Lee AF hi Lee, thanks for the question. I would not adapt that as a tactic myself as lenders could ask for for statements going further back. Email me at alex@mortgagechain.co.uk your statements and I can provide a free check and advice accordingly 👍🏻

HI Alex, Thanks for making such a good informative video. I have a question, i currently do not have utility bill as i am renting with friend who is the house owner and there is no way for him to add in the bill as well. Is there any other way? Are utility bills mandatory?

@alexkerrmortgage

4 жыл бұрын

Do you have a bank statement and/or a driving license with the address on ? Alex

@newmenster

4 жыл бұрын

@@alexkerrmortgage yes we do.

@alexkerrmortgage

4 жыл бұрын

Tenzin Dhargyal ok job done!

Hi Alex! Great video! I had a question, what actually happens to all the payments you’ve made if your house gets repossessed?

@alexkerrmortgage

4 жыл бұрын

Hi and thanks! Ok so if your repossessed the lender will likely make a quick sale below market value to obtain their funds back... any remaining equity will go back to the owner. (if there is any)

@MrGangaboba

4 жыл бұрын

alexkerrmortgage great thanks but what I meant was what about all the money that has been paid by the homeowner? Are all previous mortgage payments towards to property lost?

@lucaschristian135

4 жыл бұрын

@@MrGangaboba they're gone they don't go back to anyone

Looking to buy council property via right to buy with max discount. Also want to use discount as deposit. How possible is this?

@alexkerrmortgage

4 жыл бұрын

justin akinade awesome, we have a few going through at the minute. Definitely possible with a few lenders. What council ? If you can email me the market value and discount purchase price I can let you know if there is an option for you now. When is deadline ? email: alex@mortgagechain.co.uk

Hi how fast does my credit file improve if I pay of my debts? Many thanks

@alexkerrmortgage

4 жыл бұрын

Hi Jakkies! Very hard to know without seeing your file, but usually reducing debts should have a positive impact in a few months. Alex

Hi Alex can you please let me know how to save deposit? I have money comes and goes very quickly at the end no real savings so please let me update how to save at least 24k within year. Thank you

@alexkerrmortgage

4 жыл бұрын

Hiya, you need to reduce your outgoings. Can you live at home for example ?

I have a question regarding deposit. For some years me and my wife have been saving some cash on side, we managed to save few tousends so far but it is all in cash. How does lenders treat savings like this ?

@alexkerrmortgage

2 жыл бұрын

You can’t use cash I am afraid. Here is a recent video on the subject - kzread.info/dash/bejne/ZWmdtq-MhKbYdaw.html

Hi I have a question regarding savings , most of my money is investment isa and other investment, , I get statement via email each month us that Ok for proof of savings for deposits?

@alexkerrmortgage

3 жыл бұрын

You need to be able to prove every single transaction from 0 to your current savings balance. If these statements do this, and show a trail of funds, you should be okay. If any of your deposit money does not show a trail, this may not satisfy money-laundering requirements.

since i was born ive had a savings account/trust fund made for me, would this be accepted as a deposit since its a saving account/trust fund?

@alexkerrmortgage

4 жыл бұрын

Yes that is completely fine!

I made an application for an AIP with a building society as the estate agent was asking for this before viewing of a property could be arranged , this was rejected to my great surprise, only to find out that a telecom provider wrongly reported a default payment to credit agencies resulting in an adverse report , which after a lot of chasing up was corrected as settled . Will this still harm my credit score ? And will the record of a failed AIP application be damaging future mortgage applications with the same or other lenders ? Your advice is appreciated

@alexkerrmortgage

3 жыл бұрын

It all depends on how much the default was, when it was registered and in regards to the AIP, it depends if it was a soft search or a hard search?

Hi Alex, thank you for all the tips & insights provided. Just one question regarding the proof of deposit. . In the video, you are saying that if part of the deposit is coming overseas it is not seen as a reliable source for deposit purposes. What if my parents would like to help me with the deposit to buy a property in the UK. The money is coming from selling a property in Bulgaria and we have a legal document showing clearly that the money is coming from the sale. Are there any specific documents ( papers) that can be used to prove the source of the money from the sale of the property overseas which can be issued and be seen more favorably by the lenders? Thank you!

@alexkerrmortgage

Жыл бұрын

Bulgaria is okay and as long as you can prove the deposit likely say then you should be good… Just be aware that a minority of mortgage lenders would want the deposit in a UK bank account for a certain amount of time.

How can i get a proof of utility bill if I've always rented a room with all bills included?

@alexkerrmortgage

3 жыл бұрын

Bank statement!

In shared ownership, can I get my own mortgage advisor, the one we know, rather than the advisor that is attached to the developer?

@alexkerrmortgage

3 жыл бұрын

Yes you can, you can use whoever you like and no one can force you to use their own service.

Hi Alex! First of all thanks for all the information; very effective personally. I’m looking for a property as a first buyer, and I wanna ask does it help on getting good deal mortgage; as partner have a account on the same bank ? And does it affect if I switch bank before 5 months, and provide clear 3 month statements, specially for mortgage ?

@alexkerrmortgage

11 ай бұрын

Thank you for watching. It’s no advantage to go to the bank that you have your bank account with the mortgage lender will make a decision based on your overall situation, but they will initially ask for three months, payslips and salary credited bank statements. I’m not sure what you mean about switching bank before five months.

Hi, I started saving for my deposit from university when I was getting student finance and from pay check when I started working. Will that be a problem?

@alexkerrmortgage

3 жыл бұрын

Savings related to earnings is good!

Hi fantastic video could I please ask if I have a deposit saved there is a certain amount that was from me selling personal belongings which i do not have receipts for which I saved over time and put in the bank all at once £3000 will i have a problem when it comes to proving or do i need to say it was personal belongings, thankyou

@alexkerrmortgage

3 жыл бұрын

Hi, you will likely have issues as money-laundering regulations require that deposit funds are provable. Alex

Will using credit card below utilization ratio and paying full each month, still affect my application/score?

@alexkerrmortgage

3 жыл бұрын

Hi Julian, by using and repaying a card each month will help your credit score for sure and improve chances of a successful application. However try not to use credit during a mortgage application. Any more questions please let me know!

Hi Alex you have great videos. I have a question. If i sell a flat outside the uk to use the money for deposit how its that work i still qualify as a first time buyer,how i explain those money? Thank you very much.

@alexkerrmortgage

3 жыл бұрын

Hi Cornel, thanks for watching! You would not be classed as a first time buyer if you own a property in another country. Alex

@TheWatcher66

3 жыл бұрын

Mai degraba nu intrebai, coaie. 😂😂😂. Zi și tu ca ți i a dat o Mătușa. 😈😂

Good day, I and my wife have a joint account and we credit it weekly from our individual salary accounts. Also we built up our savings from abroad and have been transferring it to the same joint account through foreign exchange. We intend to use that joint account as the source of deposit whenever we are going to apply for a mortgage loan. What issues do you foresee and how do you suggest we can resolve them?

@alexkerrmortgage

2 жыл бұрын

If you can prove all your savings from abroad was saved from your income then you shouldn’t have any issues…

Should I pay off one of my loans car one before I wait for 3 months good bank statements before applying for a mortgage

@alexkerrmortgage

3 жыл бұрын

Sorry, impossible to know if this is the best decision without knowing your whole situation. But generally, you can borrow more, the less debt you have... This of course may impact on your deposit if you are paying debt off, which is why there's process which needs to be worked out.

Buy a tent instead that’s how I feel when I checked how much I can borrow versus how much I need

@alexkerrmortgage

3 жыл бұрын

Sorry to hear that, have you considered shared ownership?

how to get in to voters list if you have a international passport and serving in hm forces

@alexkerrmortgage

3 жыл бұрын

Hi Bibek its not possible unless you like in the UK and are a citizen. Is that the case ?

If you have paid off your credit cards, is it better to close the accounts as you have no use for them during the house buying process? Will banks view multiple credit cards as a negative even if they are 0 balance? thanks.

@alexkerrmortgage

4 жыл бұрын

Techytech hi and Thanks for your question! Having a zero balance is absolutely fine, and will not be viewed as negatively by the banks. Just make sure not to pay off credit just before a mortgage application, as it takes a little while to update on your credit file, and it’s really important you provide accurate balances in a mortgage application. I hope this helps! Any more questions let me know, Alex.

Does lenders make their decision based on income from last three months, or do they look at the up to date earnings on these 3 months payslips? In other words, if I started working today, would they calculate the amount they are willing to lend me on the three month statement basis?

@alexkerrmortgage

2 жыл бұрын

Most lenders would require you to be in your new job for longer than one day… It may be okay if you are in the same line of work, and the lender was willing to accept a contract of work. However this is one which wouldn’t require quite a lot of research on Lenders criteria to understand properly.

This is very helpful thank you 😊, i am looking to buy a new home

@alexkerrmortgage

4 жыл бұрын

asha velani awesome, sounds exciting! Have you started looking for properties as yet ?

@ashavelani8340

4 жыл бұрын

@@alexkerrmortgage no not yet as i still have to do one aspect of your checklist.. budget planner. For that aspect do you mean when i will obtain a property and calculate all the amenities?

also with people gifting money is there a limit on how much and how many gifts ?

@alexkerrmortgage

3 жыл бұрын

Hi, I am not aware of any limits, however it would all need to be provable, where the money came from to satisfy money-laundering regulations.