The FTB club

Patmoore

MMG wrote: »

First post in here! Who could have thought buying a house was so difficult!

Saw a house back in June that was really nice, and agreed on a decent price with the vendors. Stated they wanted to rent, so no chain which was a big bonus!

All was going smoothly, mortgage went smoothly, survey valuation came back spot on. Completion estimated within 4 weeks

Then the vendors stated they were actually wanting to buy a property, and wanted to put the completion back for a couple of months. Before I even got a chance to reply to this, they stated that the house was now off the market.

Survey fee lost, time and effort wasted - I was fuming!

So, have a mortgage sitting approved and nowhere to move to. Frustrating!

There is house buying insurance you can get. A friend of mine bought it for £30 and she's used it and reclaimed 75% off her losses. I'll fish out the name later for you. I'll edit this post, so peelers out.

rs82uk

Well we finally exchanged yesterday and are completing next Friday am very excited and hopefully things get done quite early on friday morn.

MMG

kibs88 wrote: »

oh gosh! That is awful!

There would have been no problem with exchanging contracts and then waiting for exchange until they find a house, which is what most people do if a chain is involved!

I have to say, they could have done this due to the "house prices rising" and may believe that in a month or two they may get more for the house!

I wouldn't waste my time, mve on and im sure there is another perfect house out there waiting for you....difficult to believe at first but believe me, we lost out on a house in Feb and hardly looked at anything after and then we found a much better, cheaper house

It all works out in the end!

Keep us updated.

Thanks - The property is now completely off the market, and even if it goes back on, I won't be giving those people any interest!

More I think about it, the more negatives - layouts etc a bit strange. I'm not feeling too gutted, more angry which I suppose is a good sign.

Gonna hang fire a couple of months, save up a few more ££ and might even end up with a better fixed mortgage offer in the new year!

lemonslap

Update for all

We have exchanged!! I have my completion date on the 28th august, the other estate agent (duel agency) still has my property advertised as available still lol!

alipops1986

kibs88 wrote: »

Thanks for that!

Well we aren't going to move in straight away so as soon as I get the keys I will be able to sort it all out, do you know how long it takes to get everything back on? Apart from phone and broadband (i know that can take a few weeks).

Yes council tax I will have to set up as I need to apply for a discount and find out the proof they need for the discount.

Thanks again

It took me 5 days to get the electricity back on. It took me about 8 days to get the gas sorted out, and they were both with the same company! Also, they didnt tell me but i needed a corgi registered person to come and check the gas and remove a safety device after i'd been connected! This caused a slight delay.

I got single person council tax and didn't need to provide any proof.

kibs88

Mine would be proof of being a student so i need to get a certificate!

Oh a corgi registered person is no problem, my partner is a gas engineer so that should be simple enough!

Oh that shouldn't be too bad, if the time period is the same then it will be ok as we will not be moving in for a while!

Im just sooooo excited lol!

Thanks for the help.

homehunter

Did the second viewing - apparently a lady today parked on the seller's drive, waiting for her to appear, to look at the house and made offer there and then. Saw the for sale board and went for it, cheeky

Anyhoo, the seller wanted to give us a chance to view, and long story short, we've agreed a price. Obviously we've got to make the formal offer because it really isn't the done thing, but it's an unusual situation...

Posted this on the mortgages thread but perhaps The Club can help? Here goes...


... We can put down 20% deposit, perhaps even 22.5% if it were possible.

We are contacting our mortgage adviser tomorrow morning to get a mortgage arranged - we have an AIP but suspect that it may be pulled from under us. We usually see the mortgage adviser just before we make an offer to get the AIP, which we have no probs getting, but we had to move fast on this one. Whether it is a silly move or not, we have put in the offer in the knowledge that we still have to sort the mortgage.

So, with this in mind:

1) Once a mortgage is agreed, is it possible to work out a deal whereby you offer 22.5% deposit, to get lower repayments per month? Not a question I've thought to ask our adviser til now, thought I'd mention it here
2) Anyone know of good deals/initial rates out there? Our adviser is 'whole of market' but surely there are some things even he can't see, I'm sure?

All/any advice welcome, we're a bit nervous as FTBs, despite all the reading and research we've done - this is the real thing!:eek:

Thanks all
PS V happy with price, it is £5k less than asking and £10k less than what is was valued by agent (vendor needed a quick sale)

Patmoore

We pick up the keys later and removal chaps coming tomorrow morning. YAY!

kibs88

Oh yay!

Congrats, hope you have the bubbly waiting

kibs88

Well I have just emailled the council to request an application form for council tax!!! Wooooo

God knows why I am excited about this HA! But still I cannot wait!

Any updates from people??? Seems this thread is going quite