The nervous wait to exchange....

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tcfreer said:
So just to check this with everyone

1 - Offer (Accepted)
2 - Mortage (AIP sorted - must sort Application out ASAP)
3 - Soliceter(sp) - I've got some quotes of about £680, does that sopund right?

What else am I missing?
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right now that's about it.

£680 is about right for a purchase, assuming that includes the searches etc. Make sure you tell the solicitor that you've got a deadline in January - be clear about it now so that everyone knows the timescales you're working towards.
 
tcfreer said:
So just to check this with everyone

1 - Offer (Accepted)
2 - Mortage (AIP sorted - must sort Application out ASAP)
3 - Soliceter(sp) - I've got some quotes of about £680, does that sopund right?

What else am I missing?
Click to expand...

Sounds good to me. Are you getting a survey done?
 
Survey in the mortage.

I'll tell everyone the deadlines - I have stated it to the vendor already, as it was my orginal plan to move in the start of next year - but now, it has to happen

I've already costed out the major bills

1 - Virgin media package for BB/TV and Phone - £35 for 9 nine months and then £52
2 - Council Tax - £1080 a year
3 - Water - No meter but the fixed bill is around £30?
4 - Gas/ Electric - About £60 a month combined
5 - Tv Licence - £24 a month for first year
6 - House insurance - £20 ish have to work it out more detailed

My current house mate is giving me the following

Washing machine
Fridge (House already has a tall fridge freezer so extra)
All the kitchen stuff - cutlery, pots, pans, Kettle, toaster, Microwave etc
Also getting the house server for all the movies etc that we have
Sofa
He wants £130 to cover some of it the rest is just given

I'll need
Wardrobes
Chest of Draws
Tv
Tv Stand
Cabinet
Shelving
Loo roll holder

Urm thats all I can think of currently - any other thoughts?
 
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tcfreer said:
Survey in the mortage.
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OK, just make sure it will be sufficient to give you peace of mind - i.e. not just a quick in-and-out valuation. Last you thing you want to do is to rush headlong into it and find out there are major issues that have been masked by the current owner. I've seen it happen to friends before, that's all!

tcfreer said:
I'll tell everyone the deadlines - I have stated it to the vendor already, as it was my orginal plan to move in the start of next year - but now, it has to happen

I've already costed out the major bills

1 - Virgin media package for BB/TV and Phone
2 - Council Tax
3 - Water
4 - Gas/ Electric

My current house mate is giving me the following

Washing machine
Fridge (House already has a tall fridge freezer so extra)
All the kitchen stuff - cutlery, pots, pans, Kettle, toaster, Microwave etc
Also getting the house server for all the movies etc that we have
Sofa

I'll need
Wardrobes
Chest of Draws
Tv
Tv Stand
Cabinet
Shelving
Loo roll holder

Urm thats all I can think of currently - any other thoughts?
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I would take your time with most of that stuff - you've already got all of the essentials. When I last moved without much furniture I moved in with nothing and bought stuff slowly, took my time to decide exactly what I wanted and tried to get good deals where I could. Also, that felt more enjoyable to me, took me about a year to get everything looking how I wanted it to but it was really pleasing when it was finished.

It's not necessarily the best move to get everything straight away, and then decide it doesn't work together.
 
Yeah - the reason I'm having to do it this way, I will need to get a lodger in by the end of Febuary if possiable - purely to easy the tight belt from moving in


I'm working on the following basis
Mortgage - £330(ish)
C-tax - £84
Gas/Electric - £60
Water - £30
Vigin - £52(Will be less to start with)
Tv Licence - £24 (Drops next year)
House insurance - £20

So thats about £600 a month ish? with wriggle move if I need it
 
Sound advice!

When we moved into our first house we bought a shed load of stuff before moving in, sofas, tv units etc.

Over time I came to hate them, we still have the sofa and TV unit at our new home however having learnt from our rash buying habits we are taking things slowly. I think already we have changed our minds 3 or 4 times on the sofas and furniture we want!
 
Thank you everyone for the advice.

Agree with the taking my time to get things how I want them - I have a short term, 2 year plan to make it liveable / rentable. It'll also give me tiem to plan out how I want to reshape it to how I want it to look. furniture wise.
 
Good advice, i have pretty much had to start from scratch after splitting with the ex. Once you are in there really is no rush.

My first priority was to get a bedroom finished even now about a month later its still bear walls. I was not prepared on how long it takes to actually find decent tradesman at sensible prices.
 
I'm lucky in that aspect

Brother is a Joiner and also has lots of friends in the trade
Dad is a jack of all areas
Uncle is a good Paint and decorater

So it'll save me cash there,

And my housemate being so genours with some of this stuff will also help me out aswell.

Mortage Interview hopefully being sorted for either this saturday or next.

Still need to instruct a solicter to get the ball moving and get the house fully off the market.
 
Yep, take your time. We have most of the basic stuff. White goods, bed, wardrobe, sofa, chairs. All for free. The plan is to get the electrics done, and then begin to move in properly whilst redecorating a few rooms. We can then buy bits and pieces as and when we need.

One thing I do need is a TV!!
 
Does anybody have any experience of the price changing just before exchange as a buyer?

Basically, what we thought we were getting and what we're actually getting land wise are different and as such, we've negotiated a lower price.

Our mortgage offer, the contracts drawn up, and everything else was based on the higher price though.

Our solicitor has informed our mortgage provider who have gone away to look at it, it's taking ages for them to decide though, longer than the initial offer took to get.

I guess if anybody has ever done a bit of gazundering, I imagine it's the same process. Not sure why gazundering happens though with how much trouble it seems to cause to the mortgage (unless it's in cash buyer situations only?).
 
kinobestew123 said:
Does anybody have any experience of the price changing just before exchange as a buyer?

Basically, what we thought we were getting and what we're actually getting land wise are different and as such, we've negotiated a lower price.

Our mortgage offer, the contracts drawn up, and everything else was based on the higher price though.

Our solicitor has informed our mortgage provider who have gone away to look at it, it's taking ages for them to decide though, longer than the initial offer took to get.

I guess if anybody has ever done a bit of gazundering, I imagine it's the same process. Not sure why gazundering happens though with how much trouble it seems to cause to the mortgage (unless it's in cash buyer situations only?).
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This potentially sounds a bit more complicated though, if their valuation is based on the old land situation and what you're actually buying takes into account the new land situation then perhaps their valuation is out?
 
Jim99 said:
This potentially sounds a bit more complicated though, if their valuation is based on the old land situation and what you're actually buying takes into account the new land situation then perhaps their valuation is out?
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Yes, that's correct. And I think that's why it's taking so long. It's just so frustrating though. They haven't arranged to visit the site though and do a new valuation, so whether they're seeing if the chap that visited last time can remember and rethink through his valuation, I'm not sure.

The thing is, what we are now getting is in line with all the other houses on the street but the price we're paying feels to me to be under market value. Our last minute bartering seems to have worked out favourable to us. It's just a case of the mortgage company seeing that too though.

I just wish they'd hurry up.

I'm wondering if to speak to the mortgage broker who originally sorted the mortgage offer for us to see if he can push it any better than the solicitor? Any thoughts on this?
 
kinobestew123 said:
Yes, that's correct. And I think that's why it's taking so long. It's just so frustrating though. They haven't arranged to visit the site though and do a new valuation, so whether they're seeing if the chap that visited last time can remember and rethink through his valuation, I'm not sure.

The thing is, what we are now getting is in line with all the other houses on the street but the price we're paying feels to me to be under market value. Our last minute bartering seems to have worked out favourable to us. It's just a case of the mortgage company seeing that too though.

I just wish they'd hurry up.

I'm wondering if to speak to the mortgage broker who originally sorted the mortgage offer for us to see if he can push it any better than the solicitor? Any thoughts on this?
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I had long delays when I changed solicitors mid way. The mortgage companies seem a real pain in this scenario. Once they have offered they seem to go super cautious if you have to go back to them, maybe history shows this is a good sign of something dodgy, I don't know.

I was lucky in that I was assigned a personal advisor by Nationwide as I was selected for a trial. She was a nightmare to get hold of but once I finally did she sorted it out for me within 24 hours.
 
kinobestew123 said:
Yes, that's correct. And I think that's why it's taking so long. It's just so frustrating though. They haven't arranged to visit the site though and do a new valuation, so whether they're seeing if the chap that visited last time can remember and rethink through his valuation, I'm not sure.

The thing is, what we are now getting is in line with all the other houses on the street but the price we're paying feels to me to be under market value. Our last minute bartering seems to have worked out favourable to us. It's just a case of the mortgage company seeing that too though.

I just wish they'd hurry up.

I'm wondering if to speak to the mortgage broker who originally sorted the mortgage offer for us to see if he can push it any better than the solicitor? Any thoughts on this?
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It's possible, if they think their commission is on the line they might make a point of chasing it up.

I've found with solicitors is that however good and keen they are, their processes seem to take an absolute eternity.
 
Getting a little tired of it all now and want it just to be over ha!

07/09 - Offer accepted on ours
07/09 - Offer accepted on house we are buying
08/09 - Application completed online for mortgage (waiting for telephone interview next week) - Agreement in principle accepted.
08/09 - Solicitor informed and initial paperwork completed.
10/09 - Phone interview with mortgage adviser.
11/09 - Approved by underwriters pending valuation.
21/09 - Survey completed
22/09 - Mortgage offer received by us and our solicitor

We have now signed both contracts and returned to out solicitor along with all the transfer papers etc.

Before we can exchange out solicitor is waiting on a copy of the original lease from our seller (property now freehold but was originally leasehold) any idea why we need this?

Also our buyer solicitor raised a query around a planning application in the area which was incorrectly dated as it said it was for 2014 in their search but we had the original paperwork stating 1976! I presume the need confirmation of this from the local authority?

Now the seller advised of a completion of the 30th October which is next Friday, how realistic does this sound with the little issues outstanding?
 
Has anyone got any advice for when a solicitor just seemingly stops doing any work?

Up to about two weeks ago they have been excellent. Searches and all other paperwork turned around very quickly. The only thing left to do is review the minor comments from the vendors' solicitor and sort a completion date. In pretty much every aspect the sale has been hassle free, so it feels like they have realised there is no potential for additional fees and so have moved on to other jobs.

Other than getting stroppier with the poor assistant is there anything else I can do?
 
peter212693 said:
Getting a little tired of it all now and want it just to be over ha!

07/09 - Offer accepted on ours
07/09 - Offer accepted on house we are buying
08/09 - Application completed online for mortgage (waiting for telephone interview next week) - Agreement in principle accepted.
08/09 - Solicitor informed and initial paperwork completed.
10/09 - Phone interview with mortgage adviser.
11/09 - Approved by underwriters pending valuation.
21/09 - Survey completed
22/09 - Mortgage offer received by us and our solicitor

We have now signed both contracts and returned to out solicitor along with all the transfer papers etc.

Before we can exchange out solicitor is waiting on a copy of the original lease from our seller (property now freehold but was originally leasehold) any idea why we need this?

Also our buyer solicitor raised a query around a planning application in the area which was incorrectly dated as it said it was for 2014 in their search but we had the original paperwork stating 1976! I presume the need confirmation of this from the local authority?

Now the seller advised of a completion of the 30th October which is next Friday, how realistic does this sound with the little issues outstanding?
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they probably want to see the original lease to make sure any covenants in it have been properly sorted.

completion of 30th doesn't sound unreasonable if its only a minor point....but talk to your solicitor, they'll know for sure
 
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