Except the deadline for a lot of lenders to request mortgage funds was yesterday and for the rest it's tomorrow
You'd hope that the sols would have requested funds prior to exchange, I know the teams involved in my chain did.
Except the deadline for a lot of lenders to request mortgage funds was yesterday and for the rest it's tomorrow
If it helps at all my solicitor (who's also my best mate) has said right now he's seeing exchange and completions done on the same day. I exchanged only yesterday and I complete Friday morning, so plenty of time for you yet
Bit of a rant, we've been in the process of buying a new house since mid July.
We accepted an offer on our house and had an offer accepted on a house we like within the same week. It's all been plodding along since then bar the occasional prod of solicitors where needed.
Last Friday we finally had a sniff of a completion date, the 29th September was being discussed. Perfect for some stamp duty relief. I'd had already budgeted for paying the full stamp duty so some extra money back would be a welcome surprise.
We were good to go, as were the people who we are buying from.
This all changed today, our solicitor and agent have not been to get any useful response from our buyers solicitors until today. Essentially they are not ready, not even got a mortgage offer in place and haven't yet raised any further enquires with our solicitor as they would normally expect.
I've really lost confidence in our buyer now if they've not even got their mortgage sorted, any tips for giving them the hurry up?
We did have 5 other offers when we originally listed it for sale. I am tempted to say to our agent if there is no evidence of significant progress from our buyer by mid next week it will be put back on the market.
Is the stamp duty deadline the reason my remortgage seems to be taking forever?
I had everything needed by the start of this month, house valuation, mortgage in principle, pay slips and bank statements etc. All was supposed to be completed by the end of this month when the ex moves out but I've not heard from the solicitor yet.
My mortgage advisor had my offer nearly 2 weeks before I got it through the post. Is this the norm now or will it ease up soon?
no if it’s just a remortgages then things should happen pretty quickly - although this is dependent on the lender. Some are working to faster SLA’s than others
Lovely place to live but my word the prices and lack of houses available have gone nutsSpent a week in snowdonia. Now wanting to move there
completed on Friday.
Thank god I used removal guys, they took tonnes of stress out of the day.