The nervous wait to exchange....

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Our house has passed both bank and home buyer level 3 survey. It did come up with something about next door cladding where it meets out house, that it might be leak risk into our loft. Been here 10 years and never had any problems, buyer wants to hire specialist to have a look.....waste of money imo.
We have booked level 3 survey for house we are buying for the 12th, all moving along slowly.
Should hear this week from mortgage company, been a bit of a mess as they didn't believe our car allowance/fuel usage. We both work from home full time and hardly use the car other then picking up/dropping of kids from school and child minder.
Hopefully all sorted by end of the week.
 
House I made an offer on went STC, according to the Estate Agent an hour or so before I sent the offer through, and on the same day my landlords served notice as they’re selling up. Fortunately 4 months notice, but was hoping to have somewhere at least going through purchase, going to be cutting it short with what I want versus how long I have now. I have a suspicious feeling I’m going to have to find another rental, and the choices around here are slim pickings for anything even remotely habitable. Partly my fault for having super niche requirements compared to most purchases, therefore very limited availability.

Now to refrain from blowing all my money on a couple of years travel around the world to cure my disappointment.
 
buying the place you are renting isn't on the cards ? 4 months might be sufficient if you can find a conveyancer who has some gumption to get things done,
unlike the one I used who used 3rd party searches, & seemed to erratically take holidays.

... have labour said they wouldn't mess with stamp duty.
 
jpaul said:
buying the place you are renting isn't on the cards ? 4 months might be sufficient if you can find a conveyancer who has some gumption to get things done,
unlike the one I used who used 3rd party searches, & seemed to erratically take holidays.

... have labour said they wouldn't mess with stamp duty.
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Place I’m renting is the complete opposite of what I actually want from a house. I’m in the minority that wants something super small and super simple, under six hundred square foot ideally, but also freehold. Which as you can imagine limits the options as it’s ideal flat/apartment territory but I refuse to deal with the scam that is leasehold. Also the current place I’m renting want £500k and this place is not even remotely worth that, with fixtures/fittings are all done by a cowboy, the land is pretty big though which is going to be the big selling point, have a triple garage and still a swathe of space I simply wouldn’t use.
 
Our buyer has had both surveys done.
The mortgage one has come back ok so they've got their mortgage.

Full survey done today, should be with the buyers by early next week.

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Selling our first house. Absolutely NO idea what to expect. Signed the paperwork with the questionnaires about what's included etc and solicitor has said the contracts have been sent. Still not sure what to do about paying off the Help to Buy. Hopefully the solicitor won't mind guiding us through because it's all very confusing
 
just Scott said:
Selling our first house. Absolutely NO idea what to expect. Signed the paperwork with the questionnaires about what's included etc and solicitor has said the contracts have been sent. Still not sure what to do about paying off the Help to Buy. Hopefully the solicitor won't mind guiding us through because it's all very confusing
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Depending on the exact scheme, from memoery you need to get a RICS valuation done which is sent to Target/your solicitor, who then arrange for the owed funds to be sent to Target clearing the H2B loan. I did mine when I remortgagted some time ago so the process may have changed.
 
just Scott said:
Selling our first house. Absolutely NO idea what to expect. Signed the paperwork with the questionnaires about what's included etc and solicitor has said the contracts have been sent. Still not sure what to do about paying off the Help to Buy. Hopefully the solicitor won't mind guiding us through because it's all very confusing
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Your solicitor should send you through the paperwork to complete for help to buy, this includes your memorandum of sale.

You needs a RICS valuation. It needs to complete within 14 days of receiving it or it will be invalid. I actually did this first and then sent it with to them at same time as the initial paperwork.

Once you have done that, you pay £200 admin fee. They will do all their checks and then provide an indicative repayment quote based on all that info which will be sent to your solicitor.

Thank you for your email, your application form, memorandum of sale and valuation have been added to your account.

These are next steps from the email I have received yesterday:

For the next step we will require a ‘Letter of Undertaking’ drawn up by your solicitor post quote, this should contain your Completion Date, (when you intend to transfer the funds to repay your Help To Buy loan). Our team will then send the ‘Authority to Complete’ to approve your final repayment amount and date.

To end the process, your solicitor sends us a certified Completion Statement (if selling the property) and DS1 form so that we can remove our charge on the property at the Land Registry. The DS1 will be processed within 20 days once sent off.

We hope this information helps to give you a better understanding on what will be required to complete this process with you.

If you have any questions or would like to discuss this further, you call us on 0300 123 4123 or you can continue to respond to this email, and we will be happy to help. Our hours of operation are Monday-Friday between 9.30am and 6pm.
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that was a turn up 6 weeks after completion - conveyancer pays me interest they had earned from money temporarily in their account;
as I transferred it weekend before exchange had thought I'm saying good-bye to that;
equally they seem to have avoided £30 bank transfer fee I'd half expected by making smaller payments to seller.
 
nst68 said:
Buyers have had their survey back and they're happy with everything :cool:

Aiming for a move date around 27th June.

Only sticking point is our solicitors can't find the documents and guarantees we dropped off to them last Monday, and now aren't responding to calls or emails.
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Local firm or one of the online providers?
 
Started the clear out before starting packing.

Took 7 bin bags of clothes to Barnardo’s from our wardrobes, just emptied the loft and found another 7 bags full of old clothes!
There surprisingly wasn't too much stuff other in the loft.

Gave son the surround system from the conservatory and sold a TV unit and sofa & chair on FB.
Got daughter coming up next weekend with a van to have the washing machine, dishwasher, another TV unit and gazebo for other daughter, plus whatever else I can persuade her to take.

Going to start on the garage at the weekend, up till now most of the stuff we've got rid of belongs to the wife, the garage will expose my hoarding :D
 
Our mortgage has finally been approved, 8 weeks later !!!!! Survey for the house we are buying has come back, nothing we didn't expect. Just gotta get asbestos survey done now.

Slowly moving along.....like a snail.
 
Pulling up a chair in here, just hopping in again after 7 years where we are currently. Hope to move a little closer to work and get a house that's a little more roomy that will do us for maybe the next 10-15 years. 4 bedder with a few more square meters about it really.

Not a fan of the process in England and not really looking forward to what could or couldn't go well but you have to go for it or you will never move.

Looking at places to go to, not viewed any inside yet but stalked a few. Initial observations are how poor parking is on new estates, a five bed property with 2 spaces one in front of the other and not a chance of road parking seems pretty standard!
There are a few we like but we won't be viewing until interest moves forward on our own home which goes on the market tomorrow. EA's say its a very saleable property and its about as good as one of its type can be in a pretty decent area where its rare to get one for sale so we shall see.

I'd look forward to moving if the process wasn't such a pain.
 
peige said:
Looking at places to go to, not viewed any inside yet but stalked a few. Initial observations are how poor parking is on new estates, a five bed property with 2 spaces one in front of the other and not a chance of road parking seems pretty standard!
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where we live theres a big housing estate that is like that, 4/5 beds but all relatively small rooms and one or two parking spaces but but because they're so tightly packed there's no on-street parking. There must be over 100 houses on the estate and they've just had planning for another load refused on the basis parking is a nightmare and the houses do not allow for sufficient parking.

We got updated by our solicitor yesterday advising people buying ours want to complete by the 28th of June or they will have to pay more rent and the people we're buying off cannot move until july or they'll get early repayment fee on their mortgage. We can move either really so just have to leave it for the solicitors to figure it out between themselves. Can't people we're buying off paying exit fee in the thousands for the sake of a week or two whereas people who are buying ours are renting a family home so presumably minimal.
 
b0rn2sk8 said:
That’s all just negotiation tactics to get the date you want. Being realistic, no one is pulling out over a months rent.
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Yeh that's my thought, if they backed out then they'd 100% be paying a few more months of rent. i do wish though the 3 solicitors would just jump on a call together to arrange things, it always seems like oh we emailed just waiting a response. If i took that almost laid back approach at work nothing would get done.
 
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