Soldato
Wow 2 years is short! I think you might have been the person that said they moved over the road on same estate?
What changes are you after?
The nervous wait to exchange....
- Thread starter noj
- Start date
What changes are you after?
Yup that’s us. We took advantage of the stamp duty holiday and got a much bigger plot.
What’s changed is we now have a little one, and we have some inheritance.
Current house lacks a double garage, a usable utility, and it’s mainly been put together by idiots so there lots of issues which keep presenting themselves.
What's the deal with porting? Let's say we have a £90k deficit to make up to move, do we borrow that £90k as a top up from the existing lender, on a new term etc? Effectively having two mortgages and potentially on two different terms/rates etc? If so, what's the easiest way to find rates? As some of the mortgage calculators to my simple brain are quite confusing.
Same lender, so you just call them.
Yeah. The rate will be for whatever the total values would be, but just applied to that segment.
It’s basically as you describe. Two mortgage accounts, same lender. The two accounts will be on different rates fixed periods and lengths.
The easiest way to calculate if to run a mortgage calculator for each account and then add them together. The online calculators usually assume you only have 1 account.
The easiest way to calculate if to run a mortgage calculator for each account and then add them together. The online calculators usually assume you only have 1 account.
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Associate
Email received from my solicitors today stating that all queries have now been sent to the sellers solicitor for clarifications. Hoping this doesn't take long and contracts can be signed sooner rather than later.
Property has had a new oil tank recently and new windows around 6/7 years ago so solicitor has asked for details regarding these which I'm sure will be fine.
The sellers late husband also built a rear porch himself without planning permission so it's been asked the seller has this checked by someone to make sure it will cause no issues further down the line.
The path outside the front of the house is also not adopted so it's been asked what maintenance has been done recently and how much it has cost to be maintained.
The sellers solicitor asked for all queries to be done in a group rather than sent separately, is this typical or the sellers solicitor being awkward?
Property has had a new oil tank recently and new windows around 6/7 years ago so solicitor has asked for details regarding these which I'm sure will be fine.
The sellers late husband also built a rear porch himself without planning permission so it's been asked the seller has this checked by someone to make sure it will cause no issues further down the line.
The path outside the front of the house is also not adopted so it's been asked what maintenance has been done recently and how much it has cost to be maintained.
The sellers solicitor asked for all queries to be done in a group rather than sent separately, is this typical or the sellers solicitor being awkward?
They may not be registered with Fensa. If they will just get an indemnity policy. Don't sweat it, this is very very normal.
Classic - checked by whom? To make sure it is ok to "what extent"? Waste of time. Does it look solid/are you happy? If not, you need to pay for a check/survey not the seller.
Just efficient. The process will go as slow as the slowest query anyway.
Associate
They seem to think it should have been checked by 'Building Control' and if not then they would like it checked by someone at the Council. Will see what comes about from that one. I'm happy myself that it's solid and will cause no issue.
The late husband was clearly home proud and did a lot of work in the house himself including the rear porch being built.
The late husband was clearly home proud and did a lot of work in the house himself including the rear porch being built.
If your conveyancer requires addressing this to report to your lender and it starts getting difficult and you are not worried about it, just ask for or pay for an indemnity policy.
Was meant to exchange. Waited for document from the bank which didnt srrive until late in the day. Even though friday is the most popular day it seems one of the Solicitors finishes early on fridays
Will see if monday anything changes but they wanted to complete by end of next week and well.
Taken so long wondering if i should go to backup house choice as back on market.
Will see if monday anything changes but they wanted to complete by end of next week and well.
Taken so long wondering if i should go to backup house choice as back on market.
Soldato
We exchanged and completed on the last Friday before Christmas last year when all the world packs up and goes home for two weeks at least. To make matters worse one of our money transfers was delayed and barely making the deadline. We completed over the telephone with five minutes to spare.
Man of Honour
Sold our place back in August, only just exchanged today and complete on Tuesday. FTB had issues with their conveyancer, going through four case handlers. All in time for Christmas, a bit of breathing room for us and then we’ll get hunting in the new year.
Completed on Tuesday after a very long drawn out sale.
I wouldn't have said it was a big chain with four properties in it, but at the bottom was a first-time-buyer buying a FTB scheme home and their solicitor was useless and wouldn't engage with the chain much. I'm pretty sure they forgot to do things so when we tried to agree exchange dates in September for November they didn't raise any objections until a couple of days before we wanted to exchange and then they mention waiting on documents to be signed by a management company.
The whole sale was a farce. My buyers tried to get an offer accepted without having accepted one themselves, and then when they later told me they had agreed a sale it turns out the bottom of the chain wasn't solid either. Since the first property was on the government scheme the estate agents just took it as a guaranteed sale (due to waiting lists, but there's still a vetting process to go through). Provisionally accepted an offer around the middle of June but the chain wasn't firm until late August.
Selling/buying a house seems to be far more complicated than it really should be. I guess the 'professionals' have to make it look like they work for their money somehow. (mild sarcasm, I'm sure in some cases a good solicitor will notice issues with a property and save people from nasty suprises)
I wouldn't have said it was a big chain with four properties in it, but at the bottom was a first-time-buyer buying a FTB scheme home and their solicitor was useless and wouldn't engage with the chain much. I'm pretty sure they forgot to do things so when we tried to agree exchange dates in September for November they didn't raise any objections until a couple of days before we wanted to exchange and then they mention waiting on documents to be signed by a management company.
The whole sale was a farce. My buyers tried to get an offer accepted without having accepted one themselves, and then when they later told me they had agreed a sale it turns out the bottom of the chain wasn't solid either. Since the first property was on the government scheme the estate agents just took it as a guaranteed sale (due to waiting lists, but there's still a vetting process to go through). Provisionally accepted an offer around the middle of June but the chain wasn't firm until late August.
Selling/buying a house seems to be far more complicated than it really should be. I guess the 'professionals' have to make it look like they work for their money somehow. (mild sarcasm, I'm sure in some cases a good solicitor will notice issues with a property and save people from nasty suprises)
Soldato
We are fairly chain free between the people we are buying from, they wanted to exchange last week and complete last week of Jan. They couldn’t understand why I wasn’t happy to do that. I just felt so much can change in that time, including what condition the house is in? Or is it normal to have such a long period?