The nervous wait to exchange....

  • Thread starter Thread starter noj
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We've JUST provided the last piece of evidence to the mortgage broker ready for our application, we've paid £300 to the solicitor for the searches and the surveyor has been round the house and is typing up his report.

Now, we wait.
 
Rest assured, once we're in there will be a full renovation thread.

Boiler relocation, new bathroom, moving a wall to increase a room sizzle, wiring for CAT6, new power circuit for AV node, temporary kitchen upgrade ahead of first extension, extension, new kitchen, bedroom extension, garden landscape, driveway extension and paving... Got plans man lol.
 
Applied for my mortgage a week ago, still haven't heard anything. Solicitors are now wanting money to start the searches, but I would like to know I can actually get a mortgage first before I get searches done.

How long does it usually take to get a "yes"?
 
rossk26 said:
Applied for my mortgage a week ago, still haven't heard anything. Solicitors are now wanting money to start the searches, but I would like to know I can actually get a mortgage first before I get searches done.

How long does it usually take to get a "yes"?
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You will have to pay a little upfront to start a few searches off, then you have valuation/application fee to start for the lender to start their work, all are mostly non refundable.
 
rossk26 said:
Applied for my mortgage a week ago, still haven't heard anything. Solicitors are now wanting money to start the searches, but I would like to know I can actually get a mortgage first before I get searches done.

How long does it usually take to get a "yes"?
Click to expand...

depending on the bank and their workload......likely 7 to 10 working days for an agreement in principle.
 
Last night in our house. Moving out tomorrow, stuff into storage and us into two week digs until our vendor is ready to complete.

Nearly there, but hell. This is a process we won't be repeating for many many years to come.

Raising a glass to all you would be movers, hope yours goes smoother than ours. :)
 
well... thats a bit of a pain - the husband of our buyers' buyer has only gone and snuffed it on the morning we were supposed to be exchanging :( Feel very sorry for them and all but it does somewhat stuff us over.

Apparently it wasn't entirely unexpected and the wife has said to her solicitors that she wants to go ahead still (its an investment for her) but it means were delayed for an undetermined period while she gets the mortgage & paperwork changed into to her name...

So were moved out, having to pay for unoccupied home insurance, council tax x2 and mortgage & rent - eating into our savings every month it doesn't go through now :(
 
Completed at 15:38.

Solicitors and banks at the bottom of the chain, obstinate to the end.

*******.

Finished though, shower and out tonight for dinner and celebrate 2 weeks of being of no fixed address lol.
 
randal said:
Completed at 15:38.

Solicitors and banks at the bottom of the chain, obstinate to the end.

*******.

Finished though, shower and out tonight for dinner and celebrate 2 weeks of being of no fixed address lol.
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good news indeed well done! now just the 2 week wait again for you :)

we complete on Tuesday...almost there ourselves now.
 
Definitely dude. Looking forward to taking our pre-boxed stuff too, should be a doddle!

Good luck for yours on Tuesday, hope all goes smoothly. :)
 
rossk26 said:
Still waiting on decision from HSBC, but the valuation has come back and it's good news! It's valued at what I'm paying for it.

I just hope the ball starts rolling now, it feels like nothing has happened.
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THat's not surprising. In my experience the valuation just confirms the property is not vastly overpriced. I believe the surveyors already know what you are paying for a property before they visit, and won't want to put a spanner in the works for a measly say 10-15k over priced property, or 10% or so. For the £430 or so we pay for a valuation, I see that as a tax/scam rather than anything useful. I wonder how many properties fall through each year due to the valuation coming back different?

Good news for you though!

Has anyone done one of those new affordability interviews yet? Is it across the board for all lenders or just those who wish to do it?
 
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I'll add my woes of buying my first house. Everything had been going swimmingly until today, our mortgage is sorted, solicitors have copies of the contracts all signed and the rest of the paperwork is all in order. Until this morning when a letter turns up in which our solicitor states that the kitchen, which is an extension on the back of the house, has no Building Regulation Approval/Completion Certificate.

So it seems there was never any planning permission for it. To add to that, the house is listed and no Listed Building Officer was approached about the extension. We've been given the option of Indemnity Insurance or to make the seller request retrospective consent. As this is my first house I'm not sure which one I should go for.
 
Zero Pope said:
I'll add my woes of buying my first house. Everything had been going swimmingly until today, our mortgage is sorted, solicitors have copies of the contracts all signed and the rest of the paperwork is all in order. Until this morning when a letter turns up in which our solicitor states that the kitchen, which is an extension on the back of the house, has no Building Regulation Approval/Completion Certificate.

So it seems there was never any planning permission for it. To add to that, the house is listed and no Listed Building Officer was approached about the extension. We've been given the option of Indemnity Insurance or to make the seller request retrospective consent. As this is my first house I'm not sure which one I should go for.
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difficult one really!
Retrospective Building Regs is a total pain as they usually insist is meets current regs (not the regs at the time) - Retrospective planning I can't imagine would be a problem...
How old is the extension, and was the work done by the current owner? Do they have any drawings of the work that had be done, in my mind if they could prove is was structurally sound (i.e. had at least structural engineers info) I would go with the insurance route.
What grade of listing is it?
 
We've started our wait to, reservation placed on new build near Cambridge, now have to legally complete within 4 weeks even though the property won't be complete until end of November! We are stuck with solicitors provided by work as its a relocation but they seem to be happy to send 3 letters a day to you asking for forms rather than picking up the phone! I hope this is the boring bit before we start picking the interesting stuff like network points ;)
 
the_r_sole said:
difficult one really!
Retrospective Building Regs is a total pain as they usually insist is meets current regs (not the regs at the time) - Retrospective planning I can't imagine would be a problem...
How old is the extension, and was the work done by the current owner? Do they have any drawings of the work that had be done, in my mind if they could prove is was structurally sound (i.e. had at least structural engineers info) I would go with the insurance route.
What grade of listing is it?
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Yep they are a pain! Had one of these in the last couple of years and things like the insulation had to be upgraded (although it wasn't up to current standards, previous regs i think but this was an extension / work that was done over 10yrs ago)

You may get some relaxations but it will depend on the council region and Building Control Officer! Our client got retrospective Planning and Building Warrant but it did hold up their sale for a few weeks.
 
Our solicitors have just mailed us, neglected to charge us the VAT on our estate agents fees... Sigh.

Guess the estate agent realised they'd been short changed...
 
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