Hi there, my dad told me about the fantastic help to buy scheme and I've decided to try and get a mortgage. I tried with one of the lenders, halifax, and it was reffered.
They said I needed a 15% deposit? WTH? I have the 5% deposit and through the goverment it's another 20% so why won't they accept it. It defeats the purpose of the scheme.
Tried another help to buy lender and they can't give a decision in principal and they want to run a FULL application, but first I have an appointment with someone to discuss it and they will take the following informaiton:
Last three months payslips
Last three months bank statements
P60
Proof of ID
Utility bill
Is this normal? I know they ask for the above information, but to ask for the information BEFORE, doing the application is weird indeed. It's stressing me out and contracts must be exchange by the 10 of next month the builder has put down on the reservation!
They said I needed a 15% deposit? WTH? I have the 5% deposit and through the goverment it's another 20% so why won't they accept it. It defeats the purpose of the scheme.
Tried another help to buy lender and they can't give a decision in principal and they want to run a FULL application, but first I have an appointment with someone to discuss it and they will take the following informaiton:
Last three months payslips
Last three months bank statements
P60
Proof of ID
Utility bill
Is this normal? I know they ask for the above information, but to ask for the information BEFORE, doing the application is weird indeed. It's stressing me out and contracts must be exchange by the 10 of next month the builder has put down on the reservation!