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  • FIRST POST
    • tori.k
    • By tori.k 12th Oct 17, 8:13 AM
    • 2,848Posts
    • 6,297Thanks
    tori.k
    Any harm on sitting tight?
    • #1
    • 12th Oct 17, 8:13 AM
    Any harm on sitting tight? 12th Oct 17 at 8:13 AM
    Hi all
    Back in July we had our offer excepted on a property that 10 weeks on has gone nowhere due to the titles being a mess and not an easy fix. Not having found anything else we like on the market within budget we have just been letting this go through the process with the odd bit of pressure on the EA from us and the odd update from our solicitor to say nothing is progressing.
    Yesterday husband has been informed that his department has been put on notice and they offered volunteer redundancy to any that wish or it will be going to review within thirty day and mandatory redundancy to some members of staff ( this hasn't come as a total surprise as the company has been taken over by a corporation but quicker than expected) we are not worrying over husband losing his job he'd get another within the industry very quickly but obviously it would reflect on our mortgage application.
    With the titles issues to sort I'm tempted not to say anything to our broker/solicitor at this point until we know for definite what's happening with husband's work or if he changes jobs.
    Is there any harm in this? The vendor has to get the titles sorted for anything other than an unlikely cash buyer turning up ( the titles are that messy) so time is on our side for husband to be back in work if needed for the mortgage offer to be reapplied for.
    Debit to Credit (stage 1) 3652.34 completed 15/10/16
    Debit to Credit (stage 2) 6299.09 completed 25/06/17
    Last Castle 150,000/ 25300
Page 1
    • goodwithsaving
    • By goodwithsaving 12th Oct 17, 8:23 AM
    • 651 Posts
    • 998 Thanks
    goodwithsaving
    • #2
    • 12th Oct 17, 8:23 AM
    • #2
    • 12th Oct 17, 8:23 AM
    Depends. If you have a buyer, you need to consider them.
    Every time you borrow money, you’re robbing your future self. –Nathan W. Morris
    • moneyistooshorttomention
    • By moneyistooshorttomention 12th Oct 17, 8:27 AM
    • 13,652 Posts
    • 37,109 Thanks
    moneyistooshorttomention
    • #3
    • 12th Oct 17, 8:27 AM
    • #3
    • 12th Oct 17, 8:27 AM
    Are you sure your husband could get a replacement job quickly if need be?

    A lot of people think that - and then find it isnt the case.
    #MeToo
    • tori.k
    • By tori.k 12th Oct 17, 8:34 AM
    • 2,848 Posts
    • 6,297 Thanks
    tori.k
    • #4
    • 12th Oct 17, 8:34 AM
    • #4
    • 12th Oct 17, 8:34 AM
    No chain we are currently in rented, no issue with husband for work more a case of the issue of changing jobs between mortgage applications our current offer will expire next week,so will have to reapply with the risk of him having little time within a new company.
    Debit to Credit (stage 1) 3652.34 completed 15/10/16
    Debit to Credit (stage 2) 6299.09 completed 25/06/17
    Last Castle 150,000/ 25300
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