Soldato
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- 8 Sep 2003
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- 23,173
- Location
- Was 150 yds from OCUK - now 0.5 mile; they moved
For £10 a month this seems good value.
The nervous wait to exchange....
- Thread starter noj
- Start date
For £10 a month this seems good value.
Associate
- Joined
- 28 Mar 2004
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- 1,989
yeah we basically wanted to cover a 15k loan from each set of parents but the broker said the minimum you can cover is this for £5 a month. Win! (ish, I would have to die for it to pay out which isn't win)
Soldato
- Joined
- 8 Sep 2003
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- 23,173
- Location
- Was 150 yds from OCUK - now 0.5 mile; they moved
Do you mind me asking who that policy is with?
Associate
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- 28 Mar 2004
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legal & general but I went through London & Country to get it all. It's age dependent as well. Younger you are more they will pay.
Soldato
- Joined
- 8 Sep 2003
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- 23,173
- Location
- Was 150 yds from OCUK - now 0.5 mile; they moved
I'm 34, wife is 31, so hopefully get decent cover from them, I will check it out, thanks
Associate
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Yeah shouldn't be too different. I took it out at 29 wife was 27.
Soldato
- Joined
- 8 Sep 2003
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- 23,173
- Location
- Was 150 yds from OCUK - now 0.5 mile; they moved
actually, £5 a month for £137k IF you die and eventually you will, 100% everybody does.
That must be a big loss maker for the insurer, unless it expires once you hit a certain age, and then the insurer is gambling that you make it to that age I suppose.
That must be a big loss maker for the insurer, unless it expires once you hit a certain age, and then the insurer is gambling that you make it to that age I suppose.
Associate
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sorry its a 25 year policy
Soldato
- Joined
- 8 Sep 2003
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- 23,173
- Location
- Was 150 yds from OCUK - now 0.5 mile; they moved
ah makes more sense now 
Well good luck you make the 25 years haha
Well good luck you make the 25 years haha
Can't remember how many months ago we had our offer accepted, but we've finally got draft contracts and searches etc. started.
One thing I'll say, I paid extra for a full building survey rather than a hom******s survey and what a waste of money that was. Literally it's just describing everything you can (and even can't) see and then saying to get a trademan who is an expert in that area out to examine it.
For example:
"<something heating related you can see like a radiator or boiler> - can't see any issues but would advise getting a certified plumber"
"<something electrical related you can see> - would advise getting a certified electrician"
"It has a flat roof extension - can't see any issues but would advise getting a certified roofer to check"
"Can't see the chimney - would advise getting a certified builder to checking pointing etc."
What a waste of money.
One thing I'll say, I paid extra for a full building survey rather than a hom******s survey and what a waste of money that was. Literally it's just describing everything you can (and even can't) see and then saying to get a trademan who is an expert in that area out to examine it.
For example:
"<something heating related you can see like a radiator or boiler> - can't see any issues but would advise getting a certified plumber"
"<something electrical related you can see> - would advise getting a certified electrician"
"It has a flat roof extension - can't see any issues but would advise getting a certified roofer to check"
"Can't see the chimney - would advise getting a certified builder to checking pointing etc."
What a waste of money.
Soldato
- Joined
- 24 Aug 2009
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- 2,931
Thanks for the information guys!
We have a buyer for ours and offer accepted and our offer has been accepted on the house we want
We found out that we need a approved RICS surveyor to value our apartment and then send the report to house options plus so they can give us a figure that we owe back for the help to buy scheme we used on purchasing our apartment. I think it's a con as its market value vs the property sold for. Which ever is highest you owe back. It should be how much you borrowed vs sale price. Our place was valued at £117k from 3 different estate agents but sold for £112.5k as its the going rate at the moment. It's a con. This process takes up to 5 weeks which will allow you to complete, so just a heads up for anyone.
We are going with a mortgage advisor and letting them sort it, which is over the weekend. We are also signing our solitor papers to get it up and going. Exciting times
It is VERY STRESSFUL.
We have a buyer for ours and offer accepted and our offer has been accepted on the house we want
We found out that we need a approved RICS surveyor to value our apartment and then send the report to house options plus so they can give us a figure that we owe back for the help to buy scheme we used on purchasing our apartment. I think it's a con as its market value vs the property sold for. Which ever is highest you owe back. It should be how much you borrowed vs sale price. Our place was valued at £117k from 3 different estate agents but sold for £112.5k as its the going rate at the moment. It's a con. This process takes up to 5 weeks which will allow you to complete, so just a heads up for anyone.
We are going with a mortgage advisor and letting them sort it, which is over the weekend. We are also signing our solitor papers to get it up and going. Exciting times
It is VERY STRESSFUL.
Soldato
- Joined
- 8 Sep 2003
- Posts
- 23,173
- Location
- Was 150 yds from OCUK - now 0.5 mile; they moved
Our house has been on since July.
Apparently had quite a few viewings but for some reason nobody has made an offer (no feedback from estate agent as to why even when asked).
Got our first offer (way below our asking price (We have offers over for a reason) at the start of December.
They came back 2 weeks ago with a slightly improved offer which we declined but said we were prepared to meet them halfway.
Still waiting on the outcome but we are renting as well as paying the mortgage right now so we'll probably take what they have.
Then onto the waiting.... (and if they get gazumped, tough, they shouldn't have delayed for so long)
Apparently had quite a few viewings but for some reason nobody has made an offer (no feedback from estate agent as to why even when asked).
Got our first offer (way below our asking price (We have offers over for a reason) at the start of December.
They came back 2 weeks ago with a slightly improved offer which we declined but said we were prepared to meet them halfway.
Still waiting on the outcome but we are renting as well as paying the mortgage right now so we'll probably take what they have.
Then onto the waiting.... (and if they get gazumped, tough, they shouldn't have delayed for so long)
So looking for some guidance, moving house at the moment, sold mine 1st November Cash buyer, Purchased around 10 november going into a vacant property. solicitors have been acting since 17 november. Ive signed the paperwork on my sale and so have the people im buying from but its being held up on the purchase i haven't had an update from my solicitor in 11 days so i chased and was told they have numerous correspondence and they'll try and get to it this week.. ive advised yesterday that i was not happy with the theyll try and get around to it and ive still had no update or acknowledgement. I havent called as techincally they have provided an update... but its not exactley a great update 10 weeks + for a chain of 3 seems long to me but this is my first house sale =/