The nervous wait to exchange....

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yes was in at 3pm yesterday. Spent next 8 hrs unboxing stuff, but was still so much to do so retired and went to bed. Today was meant to be a chilled finish unpacking and sort stuff out but oh no, the ex wife had to go and get notovorus or something so i had to pick up kids from hers, take em to school and nursery then my parents decided to come down and see the place and then i had an eye appointment, then i had to collect the kids from school and have had them overnight tonight. Ive done no further unpacking or sorting.
Im also running a 96 hour dj charity raid train on twitch that started today and i've got less than 1mb mobile data internet. Life is rosy !!
im sure tomorrow once kids gone to school i can relax, meant to be working.
BUT YES I AM IN
 
Liquid_Entity said:
yes was in at 3pm yesterday. Spent next 8 hrs unboxing stuff, but was still so much to do so retired and went to bed. Today was meant to be a chilled finish unpacking and sort stuff out but oh no, the ex wife had to go and get notovorus or something so i had to pick up kids from hers, take em to school and nursery then my parents decided to come down and see the place and then i had an eye appointment, then i had to collect the kids from school and have had them overnight tonight. Ive done no further unpacking or sorting.
Im also running a 96 hour dj charity raid train on twitch that started today and i've got less than 1mb mobile data internet. Life is rosy !!
im sure tomorrow once kids gone to school i can relax, meant to be working.
BUT YES I AM IN
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Moving in is meant to be chaos. Congrats fella. Norovirus is a *******, keep washing your hands.
 
so who has sold their house without the "aid" of an estate agent? We're thinking of selling up this year but after the experience of our last move we came to the conclusion that estate agents are a waste of time and only really needed to get your house on Rightmove. There are several services now that will do that for you and leave the rest up to you, which I'm more than happy about as it will save several thousand in fees.

What am I missing? all I see is an admin job, booking appointments, managing a calendar then haggling over a price when someone is interested. Once a price is agreed then we hand over solicitor details and leave the rest up to them. I can do the photos, floor plan, make a for sale sign.
 
FlamBango said:
so who has sold their house without the "aid" of an estate agent? We're thinking of selling up this year but after the experience of our last move we came to the conclusion that estate agents are a waste of time and only really needed to get your house on Rightmove. There are several services now that will do that for you and leave the rest up to you, which I'm more than happy about as it will save several thousand in fees.

What am I missing? all I see is an admin job, booking appointments, managing a calendar then haggling over a price when someone is interested. Once a price is agreed then we hand over solicitor details and leave the rest up to them. I can do the photos, floor plan, make a for sale sign.
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You are missing nothing. If it’s a big standard house, the value an estate agent adds is limited. Particularly if you are doing the viewings yourself.

To add to that, all of the viewings I’ve had done by agents were ****, they knew nothing about the property and half the time they didn’t have all the keys needed to get into back gardens or Garrage’s. Utterly pointless waste of time.

I’ve also done the purple bricks thing and it’s fine. They come round and stick it on right move and then off you go basically.
 
If you are happy to do the leg work yourself (which it sounds like you are) then the likes of Strike and Purple bricks are worth a go. Sold our last house with Strike and they were great. Do not use their recommended solicitor though. Find someone local who you can easily get in touch with and speak in person etc.
 
Please could someone chime in on a potential mortgage in principle?

I have been talking to an independent mortgage advisor and we've had a couple of potential mortgages sent through. My partner is still within 3 years of her IVA being settled and we're not willing to wait 6 months to see the difference, if any after this time. There's only one lender who will consider a joint, otherwise it's me alone.

Me alone: Nationwide - £240k to borrow, 4.49% 5 years fixed over a 37 year term - £1058 monthly
Joint: Bath Building Society - £270k, 6.34% 2 years fixed over a 30 year term - £1683 a monthly

He said the 37 year term is the minimum for this level of borrowing, which I don't quite understand. I would prefer a shorter mortgage (I'm 37 myself!) and in some ways I'd like to bring my partner into the mortgage sooner than later. Assuming we don't run into negative equity soon after is it fairly easy and save to refinance both adding my partner and shortening the term? Or is the initial short joint offer more sensible to refinance as a joint and potentially get a better rate sooner?
 
A 37 year term? I surprised that's an option as with you being 37yo that means you'll be 74yo at the end of the term. I thought mortgages only lasted until your retirement age unless special circumstances are met.
 
Mysterae_ said:
A 37 year term? I surprised that's an option as with you being 37yo that means you'll be 74yo at the end of the term. I thought mortgages only lasted until your retirement age unless special circumstances are met.
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Commit to the least amount a month and overpay each month. In case poo hits the fan you’re at least sitting at the lowest amount possible commitment wise.
 
Don't you pay more in interest over the longer term mortgages though? Does overpaying on a longer deal (assuming no fees) net more in your pocket than a shorter deals with higher monthlys?
 
Exchanged contracts on our old place. Went to a really nice family and they plan to renovate.

It was on the market for short of a year, took quite a lot less than original market value. Although our agent and a couple of others seemed to think it was worth more when they valued.

Glad it sold as standing empty can cause issues over time.
 
ChrisD. said:
It shouldn't be, paying thousands for a service and they can't even get names right.
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I guess they must get complacent because they process so many of them. We have a freehold house with a leasehold garage but the solicitors got it the wrong way round in the first paperwork!
Also had a bank teller mess up the CHAPS transfer for a big sum, but luckily I proof read before they submitted it, typo in the number. I mean seriously you literally had one job, I'm paying £40 to move money, you could at least take 20s to double check it!
 
b0rn2sk8 said:
It’s the mechanism where the transfer is guaranteed to take place within the advertised time for the substantial amounts being moved.
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Yea, i know that. Just wondering the high cost of the service. I guess that is the norm for transferring high amounts via that way?
 
koolpc said:
Yea, i know that. Just wondering the high cost of the service. I guess that is the norm for transferring high amounts via that way?
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I paid the same or similar... I think mainly it's due to the guarenteed timing as if you're in a chain for example, it can really screw things up if one participants funds are a day late clearing.

Like regular transfers are usually pretty much instant anyway, but you have to manually do the transfer (potential for human error, forgetfullnes, IT issue etc...., where as this way, its all pre arranged and pre-authorized to happen at a certain time, before the event.
 
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I seems like only 5 mins ago I was posting in this thread in September 2018...
Coming up to 5 years as my 5 year fixed mortgage ends and its re-mortgage time. I wont get to 2.21% I got back then, but Covid happened so i've been making monthly overpayments and gifting my dad back as he gifted me some money for a deposit.
My 25 year mortgage can hopefully be paid off in 10 years.

If I can fix in a 5 year mortgage on 100k at around 3.94% then mortgage free by the time im 44.
 
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Guest2 said:
I seems like only 5 mins ago I was posting in this thread in September 2018...
Coming up to 5 years as my 5 year fixed mortgage ends and its re-mortgage time. I wont get to 2.21% I got back then, but Covid happened so i've been making monthly overpayments and gifting my dad back as he gifted me some money for a deposit.
My 25 year mortgage can hopefully be paid off in 10 years.

If I can fix in a 5 year mortgage on 100k at around 3.94% then mortgage free by the time im 44.
Click to expand...

Looks like interest rates are rising again!
 
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