The nervous wait to exchange....

  • Thread starter Thread starter noj
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Mr Jack said:
Depends on property, if you're buying an old or unusual property or have specific concerns get it done early, otherwise just let the mortgage company handle it at the minimum level required by the mortgage company.
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Thanks, I went ahead and arranged one earlier in the week whilst mortgage application was underway. Not expecting anything major as it seems to be a fairly standard/solid property but worth doing.

Now I am essentially at the "Nervous wait for exchange" moment.

Done everything we need to, and now feels like it's all gone quiet suddenly but apparently that's the norm. Down to the conveyancing folks now.

Hope our buyers stick to their guns. They are coming to measure up for stuff soon so that's promising enough.
 
Still debating if fixing for 5 years was a mistake :confused:

I just think is it going to drop drastically enough to be worth remortgaging AGAIN in 2 years. We don't plan on moving again etc.

Theres no real answer I know
 
kinger8938 said:
Still debating if fixing for 5 years was a mistake :confused:

I just think is it going to drop drastically enough to be worth remortgaging AGAIN in 2 years. We don't plan on moving again etc.

Theres no real answer I know
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I tend not to focus on things like that. One advantage you have with 5 years is you don't have 2x product fees to pay, not to mention it's much less hassle if you move lender.

We fixed for 5 years at 1.5%, that's up next year and I used to kick myself for not going with 10 years at the time for 1.8%. It is what it is.
 
ChrisD. said:
I tend not to focus on things like that. One advantage you have with 5 years is you don't have 2x product fees to pay, not to mention it's much less hassle if you move lender.

We fixed for 5 years at 1.5%, that's up next year and I used to kick myself for not going with 10 years at the time for 1.8%. It is what it is.
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We're also on a 5 year fix with 18 months left at 1.55%. I didn't even know you could fix for 10 years! Just hoping things get better by 2027.
 
ChrisD. said:
I tend not to focus on things like that. One advantage you have with 5 years is you don't have 2x product fees to pay, not to mention it's much less hassle if you move lender.

We fixed for 5 years at 1.5%, that's up next year and I used to kick myself for not going with 10 years at the time for 1.8%. It is what it is.
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I think this is the right approach and why I opted for 5, less hassle every few years, and yeah less product fees. I'll stick with it, was only £20 a month in it between 2 and 5.

Gives us a good while to settle and get used to our new higher outgoings too

We are at 1.8 off the back of a 5 year fix ending this year anyway, thus the move. Seemed a good time to do it
 
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God the entire process where someone can just pull out and cost you thousands of pounds and wasted hours of time at the last minute is infuriating
 
gilljoy said:
God the entire process where someone can just pull out and cost you thousands of pounds and wasted hours of time at the last minute is infuriating
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Is that a general rant or has it just happened to you?

I think the sale of my house is solid, but seems to be taking much longer than expected as the (cash) buyer's solicitor seems to be very slow and unnecessarily awkward about accepting documentation.

My house purchase is taking a while to get going. The survey found some issues that I am waiting for the vendor to address. However, the estate agent wants me to press on with the buying process based on the vendor's promise that they will do the work. It seems they are nervous that I will pull out, whereas I don't want to sink any more money into the process until I'm sure that the house is fully up to the standard claimed.
 
Mr Badger said:
Is that a general rant or has it just happened to you?

I think the sale of my house is solid, but seems to be taking much longer than expected as the (cash) buyer's solicitor seems to be very slow and unnecessarily awkward about accepting documentation.

My house purchase is taking a while to get going. The survey found some issues that I am waiting for the vendor to address. However, the estate agent wants me to press on with the buying process based on the vendor's promise that they will do the work. It seems they are nervous that I will pull out, whereas I don't want to sink any more money into the process until I'm sure that the house is fully up to the standard claimed.
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It’s just happened to me.
 
Mines not about to collapse (hopefully) but pretty much at the death my buyer has asked for a £2500 reduction because the kitchen extractor hood does not vent externally. I’m in a small chain first time buyer buying mine and the house i’m buying is chain free.
 
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henry hoov3r said:
Mines not about to collapse (hopefully) but pretty much at the death my buyer has asked for a £2500 reduction because the kitchen extractor hood does not vent externally. I’m in a small chain first time buyer buying mine and the house i’m buying is chain free.
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Is it a legitimate new concern for them? Or just the cheap bargaining tactic that it appears?
 
Mr Badger said:
Is it a legitimate new concern for them? Or just the cheap bargaining tactic that it appears?
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I think a cheap bargaining tactic. I’m pretty certain they are Chinese so maybe their style of cooking needs a bit of a heavy duty extraction. Not sure while im supposed to pay for it personally. It’s just a wait and see at this point.
 
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