Email: anna@sgclt.org.uk
428 Shares
123 Members
123 Members
1
|
INTRODUCTION
|
Facilitator: M.Howard 6.30-.6.45pm
|
|
presentation:
|
- Overview of agenda to group.
- Introductions.
|
SGCLT Project Update and Individual Financial Information Request to whole Group – Registration deadline 01/09/18
|
Facilitator: Tom Morris 6.35-6.45pm
|
|||||||
presentation:
|
Financial Information Request:
Reminder to Group in need of affordable housing of Financial Information request by 01/09/18 in order to formally be on SGCLT Housing Need Register.
The following 3 points were emphasised:
1. You can still be in the CLT even if you cannot get any mortgage. We expect quite a few of us to NOT to be able to get any mortgage and so we are aiming to create affordable rental properties, e.g: if we build 10 houses, 5 might be affordable with a mortgage and 5 affordable rental.
2. We have to ask you to provide us 2 pieces of evidence by 1st Sept- to REGISTER your need with our CLT, this is not committing you to anything and you will not be letting us down if things change. Registering with us NOW will put you in the best position you can for a home. It only takes 2 hrs max to do what we're asking:
· Register on Devon Home Choice and send M.Howard your email evidence of Band of housing need (Band E is normal called 'no housing need'-this is fine)
· See a FREE mortgage adviser - we have the phone numbers of people you can see, who are friendly and won't charge. We need a "Mortgage offer in principal" letter, even if it is a decline letter for a mortgage.
Tom Morris’ employment with SHDC.
Group informed of this and action to safeguard against conflict of interest explained.
Land News Update:
No further news, positive collaboration with SHDC continues.
|
|||||||
Action items
|
Person responsible
|
Deadline
|
||||||
Provide SGCLT – 2 pieces of evidence: (1) Mortgage offer or decline letter and (2) Devon Home Choice Band Letter.
|
All- Every Individual in need of housing
|
01/09/18
|
||||||
|
|
|||||||
3
|
Confidentiality, GDPR and SGCLT Privacy Notice.
|
Facilitator:M.Howard
6.45-6.55pm
|
||||||
presentation:
|
- Overview of use of information by SGCLT.
- Every person received personal copy of Privacy Notice document.
- Returned to M.Howard, with signature by end of meeting, to be retained by SGCLT.
|
|||||||
Action items
|
Person responsible
|
Deadline
|
||||||
Sign permission letter for SGCLT GDPR and retain copy of Privacy Notice
|
ALL
|
24/07/18
|
||||||
|
|
|
|
4
|
SGCLT Share Sale Request
|
Facilitator: M. Howard 6.55-7.00pm
|
|||
presentation:
|
- Every member asked to recruit 10 new SGCLT members and continue community involvement and awareness raising of local housing need.
- Share membership forms distributed to group.
|
||||
Action items
|
Person responsible
|
Deadline
|
|||
Find 10 SGCLT new members
|
ALL
|
01/09/18
|
Main Presentation – Mortgage Awareness and Preparation
|
Presenter: Nigel Dixon and James Richards. 7.00-8.25pm
|
||||
presentation
discussion
|
· Introduction – Mortgage Broking an overview of our role in the house buying process. Explanation of how we as an advisory firm earn our money.
· Mortgages – An explanation of what a mortgage is and the possible structure of the debt and term of the facility.
· Ages – Minimum and maximum
· Deposit – Possible sources and evidence required
· Loan to value ratio – effect on interest rates
· Shared Ownership – Options available
· Affordability – Lenders assessment guidelines
· Credit scoring – What this means and the effect of your credit report
· Adverse credit history – Credit reports, the effect of adverse history on lenders assessments. Credit reports – how to obtain a copy.
· Credit scoring – What this means and footprints on credit files
· Income – Employed, self-employed and receipt of benefit – what the lender looks for as regards evidence
· Bank statements – lenders requirements
· Identification –
· Product options – an overview of tracker and fixed rate options and an explanation of the benefits and drawbacks.
· Help to buy equity loan
· Help to buy ISA
· Home buying process
· Solicitors
· Valuation
· Home insurance
· Life/CIC
Questions.
|
||||
Action items
|
Person responsible
|
Deadline
|
|||
Meet Mortgage Adviser and get Mortgage offer in Principal letter.
|
ALL
|
01/09/18
|
6
|
Feedback Form, thanks and closing of meeting
|
M.Howard 8.25-8.30pm
|
|||
presentation/discussion
|
Training Feedback Form distributed to group and completed by all present.
Thanks to all for attendance.
|
||||
Action items
|
Person responsible
|
Deadline
|
|||
Completed Training feedback form
|
ALL
|
24/07/18
|