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house viewing/mortgage meeting
Former Member
Posts: 1,876,323 The Mix Honorary Guru
im making the first very tentative steps towards possibly buying a house. i'm a first time buyer and i have no idea whether its actually possible yet or whether i'll be able to afford it. but i've seen a house really near me that is a seemingly bargainous price, so i rang up today to make an appointment to view it.
the lady on the phone was really lovely and i've arranged a viewing but i've also somehow agreed to a mortgage meeting with their financial advisor at the estate agents. im really scared, is it likely to just be really informal or are they going to be pressuring me to make a decision on something? if we have the meeting and i decide not go to ahead with anything will they be annoyed that i've wasted their time?
im very nervous!
the lady on the phone was really lovely and i've arranged a viewing but i've also somehow agreed to a mortgage meeting with their financial advisor at the estate agents. im really scared, is it likely to just be really informal or are they going to be pressuring me to make a decision on something? if we have the meeting and i decide not go to ahead with anything will they be annoyed that i've wasted their time?
im very nervous!
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Comments
I wish my first estate agents had done that! I was trying to sell my house for 2 years, and had loads of viewings, the vast majority of which it'd turn out they didn't even have a deposit, or could never have afforded it, and it was pretty annoying.
cptcoathanger i dont know what that meeeans im absolutely clueless. i hope they explain it all really simply at the estate agents...
Basically interests rates will have to rise soon to control inflation. In effect this means that any mortgage repayments will go up soon.
If you're anything like me I am pretty clueless when it comes to mortgages and other costs involved in buying a house so might be useful for future reference!
How did the house viewing go and did you end up having the mortgage meeting?
the mortgage meeting was brilliant, she was so helpful, she explained everything and went through a budget etc and i realised i can afford a lot more than i thought i could and still live comfortably. so now i can step up the house search
just another question instead of opening a new topic...what happens if, you want to buy somebodys house but they're still living in it? do they have to move out or do you have to wait til they find somewhere else to live? is that what being stuck in a chain is?
Glad the meeting went okay. As I said before, be careful about how much you borrow though. The interest rates are low at the moment and will go up and that will make your repayments much more expensive.
im quite lucky and im only having to borrow a relatively small amount (i think) so hopefully i wouldnt be affected too much if they went up. its scary though.
TBH though, would you really make someone homeless?