Paid Members Carbomb Posted June 29, 2015 Paid Members Share Posted June 29, 2015 Loved it. Really good facilities, great teaching faculty, excellent reputation, and overall good atmosphere. Only downside to it is that, as it's usually a university for day-time professionals (I was doing evening lectures for my MA), there's not much in the way of socialising and student lifestyle - everybody's busy otherwise, and you're not spending all that much time on campus. Â If you're doing a day-time course, I daresay you'll enjoy it well enough though. It's a good college. Link to comment Share on other sites More sharing options...
Paid Members SpursRiot2012 Posted June 29, 2015 Paid Members Share Posted June 29, 2015 It's all evening lectures. Actually, they were quite adamant when I went to the open day that they don't do day-time course, contrary to what I'd heard. Which suits me down to the ground. I have no appetite for socialising and the student lifestyle, anyway. Girlfriend goes to London Met which has a shitty rep but is actually perfect for the course she's doing. Link to comment Share on other sites More sharing options...
Paid Members Carbomb Posted June 29, 2015 Paid Members Share Posted June 29, 2015 It's all evening lectures. Actually, they were quite adamant when I went to the open day that they don't do day-time course, contrary to what I'd heard. Which suits me down to the ground. I have no appetite for socialising and the student lifestyle, anyway. Girlfriend goes to London Met which has a shitty rep but is actually perfect for the course she's doing. Â London Met's a typical new uni - not necessarily the best rep, but excellent for applied skills teaching and degrees that are directly relevant to the career you want to go into. Link to comment Share on other sites More sharing options...
Paid Members SpursRiot2012 Posted June 29, 2015 Paid Members Share Posted June 29, 2015 That's madness, you could buy a 3 bed house in my road for that money! the house price differences are crazy and really i feel making london especially strictly for the wealthy, mostly Us poor plebs are still here, just stuck in a vicious cycle of ever increasing rents. Rent plus bills, we're paying £18000 a year - I only earn £23k! Link to comment Share on other sites More sharing options...
patiirc Posted June 29, 2015 Share Posted June 29, 2015 Has anyone bought any property in a shared ownership scheme? I'm a bit pissed off. A few of the providers in London we've contacted us have said that we HAVE to get a mortgage to be eligible. Basically, we have £150,000 as my partner's mum sold her house and gave her it. £150,000 might buy you a garage in London, certainly not a one or two bed flat/apartment, which is what we need. So, we wanted to go shared ownership but just pay the share, say 50% or whatever, in cash and pay the rent/staircasing side from our salaries. But it seems this isn't allowed. Anyone have any experience with this?  Yes, Iam currently going through that nightmare. Have decent deposit, but mortgage people are unwilling to lend much on shared and have had two offers accepted and mortgage in principles go tits up when the housing association has turned me down despite meeting criteria. Some are better than others, but Adactus, Iam looking at you for being the most evil sods to have ever dealt with in existence. I am hoping the current deal goes through with a different housing place or will be 200 quid down the pan for nowt and I need to find a house  In short, because you will pay a rent to the co owners of the property, as well as a mortgage many lenders have a much stricter criteria. You may find you can borrow much more on a '2nd hand property' than you can on a shared ownership deal.  Rents around here for a not room are around 500 quid a month and I have lived in houses for the last 18 years, be bollocksed if  am downsizing now, so a new two bed house all to myself at around 300 quid a month with rent included is a complete no brainer. Link to comment Share on other sites More sharing options...
Paid Members Monkee Posted June 29, 2015 Paid Members Share Posted June 29, 2015 I bought my flat 6 years ago with Metropolitan (http://www.mho.co.uk). They looked at all my finances and worked out how much they would 'lend' me based on how much I could afford to pay back every month. So, basically, as long as they could see that I'd been paying my rent on time every month and had no other financial problems, they were willing to lend to me. It was a really easy process - 2 meetings, then 'here's the maximum value you can look at' and off you go. Â I used to live in Holloway and, unless I wanted to buy a pokey studio/1 bed, I had to look further afield. Took the opportunity to explore London though. Found 3 places all within my budget, got a mortgage guarantee from NatWest (only some offer deals on part buy/part rent schemes) and that was it. I paid a 10% deposit (iirc) and the deal was done. Â I pay less now with mortgage/repayments than I did renting. Link to comment Share on other sites More sharing options...
Retro Red Posted June 30, 2015 Share Posted June 30, 2015 The thing with a mortgage, if you're looking at say a 200,000 property and already have 150,000 as a deposit, I'd imagine that would make you a much better candidate, despite past discrepancies. Link to comment Share on other sites More sharing options...
EdgarTheSlouch Posted June 30, 2015 Share Posted June 30, 2015 Yeah, my credit score is 0. Or worse!  I'd move the fuck out of London if I could. But I'll be in uni in Russell Square and my partner is in uni in Holloway. Difficult to move very far out.  I did find a two-bed property for £140k that we could buy outright near Wembley that currently has "excellent" tenants who are paying £1250 a month to rent the place. I suppose that's an option. We could stay where we are and those tenants could pay our rent for us. But being a landlord brings a whole host of other boring problems with it. There's no such thing as being worse than 0. Also, there isn't one universally used credit score. Every lender will score you individually based on their own criteria. Link to comment Share on other sites More sharing options...
Paid Members SpursRiot2012 Posted June 30, 2015 Paid Members Share Posted June 30, 2015  Yeah, my credit score is 0. Or worse!  I'd move the fuck out of London if I could. But I'll be in uni in Russell Square and my partner is in uni in Holloway. Difficult to move very far out.  I did find a two-bed property for £140k that we could buy outright near Wembley that currently has "excellent" tenants who are paying £1250 a month to rent the place. I suppose that's an option. We could stay where we are and those tenants could pay our rent for us. But being a landlord brings a whole host of other boring problems with it. There's no such thing as being worse than 0. Also, there isn't one universally used credit score. Every lender will score you individually based on their own criteria.   I know. I was joking. Simply making the point that it's terrible. I've checked various different credit reports. I also have a few outstanding debts that I can't afford to pay off, probably in the region of five grand. I'm sure a mortgage lender would frown upon that. Link to comment Share on other sites More sharing options...
Glenryck Pilchards Posted June 30, 2015 Share Posted June 30, 2015 Why don't you pay off the £5k of debt with your deposit and build your credit up? If your debt has been sold to collection agents they may give you a discount and you will only end up paying about £3k. Link to comment Share on other sites More sharing options...
Paid Members SpursRiot2012 Posted June 30, 2015 Paid Members Share Posted June 30, 2015 Why don't you pay off the £5k of debt with your deposit and build your credit up? If your debt has been sold to collection agents they may give you a discount and you will only end up paying about £3k.  It's not really my money. Although, I suppose that is something we could consider. Weird I hadn't thought of that... Link to comment Share on other sites More sharing options...
EdgarTheSlouch Posted June 30, 2015 Share Posted June 30, 2015   Yeah, my credit score is 0. Or worse!  I'd move the fuck out of London if I could. But I'll be in uni in Russell Square and my partner is in uni in Holloway. Difficult to move very far out.  I did find a two-bed property for £140k that we could buy outright near Wembley that currently has "excellent" tenants who are paying £1250 a month to rent the place. I suppose that's an option. We could stay where we are and those tenants could pay our rent for us. But being a landlord brings a whole host of other boring problems with it. There's no such thing as being worse than 0. Also, there isn't one universally used credit score. Every lender will score you individually based on their own criteria.   I know. I was joking. Simply making the point that it's terrible. I've checked various different credit reports. I also have a few outstanding debts that I can't afford to pay off, probably in the region of five grand. I'm sure a mortgage lender would frown upon that.  Not necessarily. It depends on other factors like how the debts are recorded and their age. Also depends on what positive stuff is on there. Don't get me wrong, it's possible/likely that the debts will still have a negative impact upon satisfaction, but trying to pay them will help improve things significantly. Link to comment Share on other sites More sharing options...
Paid Members SpursRiot2012 Posted June 30, 2015 Paid Members Share Posted June 30, 2015 Interestingly (or not, I dunno) I just got a free credit report from Experian (who are supposed to be the main one) and they say the total amount of my defaulted accounts is £818. That doesn't seem possible! It should be in the thousands...They have me as 43 points away from having a poor credit score (I'm currently very poor.) Link to comment Share on other sites More sharing options...
EdgarTheSlouch Posted June 30, 2015 Share Posted June 30, 2015 Interestingly (or not, I dunno) I just got a free credit report from Experian (who are supposed to be the main one) and they say the total amount of my defaulted accounts is £818. That doesn't seem possible! It should be in the thousands...They have me as 43 points away from having a poor credit score (I'm currently very poor.) This is a random question I know but have you lived at more than your current address over the last 6 years. If so, you need to add your previous addresses  Link to comment Share on other sites More sharing options...
Paid Members SpursRiot2012 Posted June 30, 2015 Paid Members Share Posted June 30, 2015  Interestingly (or not, I dunno) I just got a free credit report from Experian (who are supposed to be the main one) and they say the total amount of my defaulted accounts is £818. That doesn't seem possible! It should be in the thousands...They have me as 43 points away from having a poor credit score (I'm currently very poor.) This is a random question I know but have you lived at more than your current address over the last 6 years. If so, you need to add your previous addresses    I haven't been officially registered anywhere else other than the address that they have on file apart from one, which I've given. Where I live now, the debt dudes don't have it (yet, I guess) as if they did, they'd be at the door. Link to comment Share on other sites More sharing options...
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