Soldato
Welcome All,
Almost 2 years ago, myself and gemma (my wife) got married with the idea of owning our own home, After some saving and many house views & failures we stumbled upon Colegate the house we've now purchased.
Purchasing :-
We viewed this property on the 9th of January 2013, we immediately fell in love with the property and knew this was the one we had to have, the price was right & in a nicer area than other's we had viewed and could see us turning it around to be something we'd both enjoy living in.
We shortly after viewing put an offer in on the property which was quickly bettered so we put in what we thought the buyer would accept as we were told there was an equity release company involved which required the house to sell for a certain amount so that they would get back their money as well as the seller having money left over.
We waited for this offer to be accepted, the seller who had been admitted to a care home due to ill health had to accept the offer himself, the property was being sold by his daughter. this took a few weeks to accept, it was the 30th of January by this point.
After this we went back to the mortgage company who had previously authorised a mortgage for a more expensive house we had tried to purchase previously, because of the time passed between the first property purchase attempt and this one a new credit check was required, this for some unknown reason to ourselves and the mortgage advisor was declined! This was a big shock to us as the previous property which was more expensive the mortgage had been accepted.
After speaking at length with the mortgage provider we had to provide more evidence of our financial situation, we had to apply for credit reports and submit the reports to the mortgage company for manual review. These were reviewed by the head underwriter who determined that we were in fact able to have the mortgage and they couldn't understand why the credit check application had declined.
So by this time it was February 23rd and almost another 3 weeks had gone by. This was great news to us and the next step was instructing the survey, this was done almost straight away but the survey wasn't carried out until my Birthday, 8th March!
We didn't want to instruct the searches until this had come back as the previous house we tried to purchase we had done both at the same time and the survey came back with a non standard construction issue and we'd lost out almost £450 on survey and search costs.
We promptly instructed the searches after the survey came back fine, this was done and returned some weeks later. By this time it was the end of March, the next step was signing even more paperwork to do with mortgage deed's, land transfer forms, fixtures and fittings and contracts.
The sellers solicitor visited the seller in the care home to verify that he was in sound mind to sell the property and all paperwork was filled out during this meeting and we were contacted asking for payment of the deposit & for a completion date. We've requested the date as being the 22nd of April and hope that this is the date we finally get the keys, this is a total of 14 weeks after viewing, for an empty property & ourselves being a first time buyer!
Almost 2 years ago, myself and gemma (my wife) got married with the idea of owning our own home, After some saving and many house views & failures we stumbled upon Colegate the house we've now purchased.
Purchasing :-
We viewed this property on the 9th of January 2013, we immediately fell in love with the property and knew this was the one we had to have, the price was right & in a nicer area than other's we had viewed and could see us turning it around to be something we'd both enjoy living in.
We shortly after viewing put an offer in on the property which was quickly bettered so we put in what we thought the buyer would accept as we were told there was an equity release company involved which required the house to sell for a certain amount so that they would get back their money as well as the seller having money left over.
We waited for this offer to be accepted, the seller who had been admitted to a care home due to ill health had to accept the offer himself, the property was being sold by his daughter. this took a few weeks to accept, it was the 30th of January by this point.
After this we went back to the mortgage company who had previously authorised a mortgage for a more expensive house we had tried to purchase previously, because of the time passed between the first property purchase attempt and this one a new credit check was required, this for some unknown reason to ourselves and the mortgage advisor was declined! This was a big shock to us as the previous property which was more expensive the mortgage had been accepted.
After speaking at length with the mortgage provider we had to provide more evidence of our financial situation, we had to apply for credit reports and submit the reports to the mortgage company for manual review. These were reviewed by the head underwriter who determined that we were in fact able to have the mortgage and they couldn't understand why the credit check application had declined.
So by this time it was February 23rd and almost another 3 weeks had gone by. This was great news to us and the next step was instructing the survey, this was done almost straight away but the survey wasn't carried out until my Birthday, 8th March!
We didn't want to instruct the searches until this had come back as the previous house we tried to purchase we had done both at the same time and the survey came back with a non standard construction issue and we'd lost out almost £450 on survey and search costs.
We promptly instructed the searches after the survey came back fine, this was done and returned some weeks later. By this time it was the end of March, the next step was signing even more paperwork to do with mortgage deed's, land transfer forms, fixtures and fittings and contracts.
The sellers solicitor visited the seller in the care home to verify that he was in sound mind to sell the property and all paperwork was filled out during this meeting and we were contacted asking for payment of the deposit & for a completion date. We've requested the date as being the 22nd of April and hope that this is the date we finally get the keys, this is a total of 14 weeks after viewing, for an empty property & ourselves being a first time buyer!