The nervous wait to exchange....
- Thread starter noj
- Start date
Soldato
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Typical, So seems nationwide will do random audits on brokers ours has been randomly selected
Although our application is fine, It is juts a audit on the broker its self, This will delay our approval by at least 2 days
If you're gonna get beat up about 2 day delays you're in for one hell of a long stressful 2 months ahead of you.
It's been 2 day delay one after another for a month
, Just can't believe the luck thought id finally get the approval today is all 
We are buying a house which currently stands empty, I know the vendor personally. Mortgage broker has done all his side, mortgage approved and already with solicitors, all paper work in. Yet every time we speak to solicitors "it should take about 4 weeks" got same reply two weeks ago and this week.
Pretty sure they forgot about us, heard nothing for two weeks, called them and the paper work was with us the next day.
They take the ****
Should be stupidly easy for them.
Pretty sure they forgot about us, heard nothing for two weeks, called them and the paper work was with us the next day.
They take the ****
Should be stupidly easy for them.
Soldato
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That's the normal 3 to have. Other ones would be flood/coal searches but they aren't needed very often.
Soldato
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Don't forget your solicitor is also acting for the bank. The fact the property is empty and you know the vendor means **** all in the scheme of things and doesn't change the process one bit.
People always think that when they are buying and they say "i know the seller and my dad's a surveyor and he's checked it out and his cousin who's a leccy says it's all good too" means we will just cut corners but the reality is we can't - we're protecting the interests of your bank who have a lot more financial interest in the house than you to start with
Don't forget your solicitor is also acting for the bank. The fact the property is empty and you know the vendor means **** all in the scheme of things and doesn't change the process one bit.
People always think that when they are buying and they say "i know the seller and my dad's a surveyor and he's checked it out and his cousin who's a leccy says it's all good too" means we will just cut corners but the reality is we can't - we're protecting the interests of your bank who have a lot more financial interest in the house than you to start with
Still get paid way too much mate
Oh I'm a leccy btw
Haters gonna hate
Soldato
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When you compare to the rest of the fees associated with buying/selling a house (estate agents, mortgage brokers, surveyors etc etc) ours are easily the most reasonable considering the amount of work involved.
You're lucky it's too competitive for us to get away with charging by the hour or % of value
You're lucky it's too competitive for us to get away with charging by the hour or % of value
is it not advisable to use a solicitor that's not on the approved list for your mortgage provider? In my case, it's the post office (Will it mean I need to pay for another solicitor to liase between the post office and my solicitor? (obviously not worth it..)
High Street estate agents are even more of a rip off then I thought. The agent selling a family member's property listed their fees as £1700 on a £140000 asking price.
Property has just been sold for £130000 but it turns out the £1700 fee is a "minimum" and that the agent is still claiming the full £1700 fee.
Whatever happened to percentages of the selling price!
Property has just been sold for £130000 but it turns out the £1700 fee is a "minimum" and that the agent is still claiming the full £1700 fee.
Whatever happened to percentages of the selling price!
Online agents the best. By far!
Associate
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You're selling sometibng worth £140,000 and don't read the contract before it's signed?
It wasn't me selling, if it was I would have used an online agent.
I've only just been shown the contract where it states fee "£1700 minimum" after the seller thought they were going to be paying less due to the lower sale price.
Whats the deal with the house suppliers for Broadband and phone? Looking through the paper work they're currently with Sky for both, i would like to change this when i move in. Can i just phone the company i want to go with and they'll sort it?
Yes.