We are in a similar situation. We are going to try tomorrow, but not holding out hope. The broker has said that the lender we are applying with works with furlough and has confirmed..... so, here's to hoping.... Think the lender is Barclays....
The nervous wait to exchange....
- Thread starter noj
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We are in a similar situation. We are going to try tomorrow, but not holding out hope. The broker has said that the lender we are applying with works with furlough and has confirmed..... so, here's to hoping.... Think the lender is Barclays....
Excellent, hope thing continue going well.
We purchased a place recently and my wife was fueloughed at the start of last year, so it's definitely possible.
I can forward a mortgage advisers details if you want? He wasn't 'local' to us, about a 40 minute drive but was recommended.
who was you mortgage with in the end?
Halifax.
Soldato
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5 weeks to go till moving day. Last saw the house start of November and can't wait to explore it again.
Thanks v much. Your mortgage broker could be good - just waiting for a call today to see if we have movement or not. If so I'll take you up on your offer thanks!
Surveyor has come back on the house that we are in the process of buying, it looks to need around £15-20k of work.
Whats the breakdown of that quote?
There's an extension that's been put on, the upstairs window is completely ****** and needs replacing including the frame. Some of the other windows need work. The boiler is making a racket and hasn't been serviced in over 10 years and it's no where near powerful enough for the size of the house with the extension so it needs replacing along with the hot water tank and the surveyor said something to do with the radiators as well. The whole roof needs the ridge cement replacing too. There’s other minor niggles. It’s basically been neglected for some considerable time overall.
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People often forget that when you extend (particularly if there are bedrooms being added) the boiler often needs looking at
It’s a crap extension as well, the floor upstairs is uneven and the brickwork (admittedly aesthetics) is poor. It's put both of us off somewhat.
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I'd potentially use those bits to negotiate a better price, but they wouldn't make me pull out yet.
We moved into a place with single glazing in about half the rooms so had brand new double glazing installed about 12 months ago and it wasn't that bad. We had 6 windows done (including 4 upstairs) and the total was around £2300. A single window assuming it's nothing massive could be as cheap as £400-£500.
We're also having our boiler (32 years old) replaced tomorrow. It's being moved about 15m across the house (from the kitchen to the loft), massively upsized, with a new hot water tank that's also being used, new electrics, new thermostat and a decent amount of new pipework for £3800 inc VAT.
We've also done most of our rads as they were about 30-40 years old and each one has cost between £50-£100 in parts and then about £80-£120 in labour.
I can't comment on the roof side of things but your £15k of work is probably actually £5k-£7k.
Incidentally my broker got back to me this morning and said the figures look passable so a full application is being made first thing tomorrow (papaerwork already signed by me, just needs to be scanned and submitted by him), with Barclays and Barclays only. All other lenders have pulled furlough options, and Barclays are looking to follow suit next week. Mad rush to get this sorted now. I don't quite know what a broker does to stress test, but he said if it passed his test, as long as their lender doesn't change the policy between now and 10am tomorrow morning, it'll pass their stress test too.
Fingers crossed! Still several weeks to wait to find out if it gets approved or not, I'm sure...
That's almost exactly where we are, she is applying this morning. She sounds hopeful, but that's her job. She has said she will give me a call this morning to let me know how it goes. Pass / fail or more deposit. Then its off to the underwriter.
REALLY hope this goes through as she has a great interest rate on it as well.
Good luck. I know anything can go wrong, but in my mind a broker isn't going to waste time on applications they don't think have a good chance of passing. My guy's got the paperwork in now, so we'll see what happens!
AHH best of luck
I'm lucky enough that if it does hit the fan I can cover everything, I mean I'll be eating rice, but it works
We started properly saving not too long ago, we honestly didn't think we'd be in our position a year ago and buying a house, let alone in 2020!
AHH best of luck
I'm lucky enough that if it does hit the fan I can cover everything, I mean I'll be eating rice, but it works
We started properly saving not too long ago, we honestly didn't think we'd be in our position a year ago and buying a house, let alone in 2020!
Same, The house we are looking at has a little tax window that we are going to have a house build date plaque proudly stating 2020......if we actually get it.
Yeah, mine isn't, nothing proudly built about this one
I've had calls from the Sales Director to talk about our experience....we had a long chat.
Also recently had the NHBC survey come round, I wasn't overly mean but I was honest...I've since had the site manager asking me to be nice on the survey, too late.
Yeah, mine isn't, nothing proudly built about this one
I've had calls from the Sales Director to talk about our experience....we had a long chat.
Also recently had the NHBC survey come round, I wasn't overly mean but I was honest...I've since had the site manager asking me to be nice on the survey, too late.
Heh, hope ours goes better. We are going to have a 3rd party Snagger come in and write us a list. Think it will be £3-500 well spent. With our untrained eye however the other houses we have had a look around all seem very nicley put together.