House Buying - Moneysaving Tips

Doozergirl

I'm really sorry to hear that moyville. I'm afraid you've been gazumped and there is nothing you can do about it unless you want to pay more I wouldn't give them the satisfaction, personally.

Nothing is legally binding until contracts are exchanged and so whilst your vendors are complete lowlives, they are within their right to accept another offer or pull out of the deal without owing you as much as an explanation. You could write a letter asking for some compensation, but it would only be their conscience that would pay you anything. As you've been quite blatantly gazumped, I'm pretty sure that they may be lacking in the department.

If you are lucky ad ask nicely, your mortgage company might waive a second valuation fee when you find somewhere else.

I think these things happen for a reason; one day soon, you'll be pleased you didn't buy it, promise

moyville

Doozergirl wrote:

I'm really sorry to hear that moyville. I'm afraid you've been gazumped and there is nothing you can do about it unless you want to pay more I wouldn't give them the satisfaction, personally.

Nothing is legally binding until contracts are exchanged and so whilst your vendors are complete lowlives, they are within their right to accept another offer or pull out of the deal without owing you as much as an explanation. You could write a letter asking for some compensation, but it would only be their conscience that would pay you anything. As you've been quite blatantly gazumped, I'm pretty sure that they may be lacking in the department.

If you are lucky ad ask nicely, your mortgage company might waive a second valuation fee when you find somewhere else.

I think these things happen for a reason; one day soon, you'll be pleased you didn't buy it, promise

I thought as much Doozergirl. I think you're right - it might be for the best.... but it's the second time it's happened now. Thanks.

moyville

Would it help if I did the following next time:

1. Make a "written" offer rather than over the phone.

2. Attach conditions to the offer, ie no further marketing or viewings and the Sold sign to be put up

3. Have a ready-made mortgage in place [ie a letter from mortgage company] to attach with the offer

roseychell

:t We Are Buying Our First

Doozergirl

moyville wrote:

Would it help if I did the following next time:

1. Make a "written" offer rather than over the phone.

2. Attach conditions to the offer, ie no further marketing or viewings and the Sold sign to be put up

3. Have a ready-made mortgage in place [ie a letter from mortgage company] to attach with the offer

It all helps but you can't stop a greedy vendor!

piranhalikethat

I couldn't find this covered in another post (and I looked!) so here goes:

My fella and myself are looking to buy a house later this year - he can get credit like *that* whereas my own credit history could do with wiping and starting all over again - would a credit check bring both our score to an even 'average' or would it be easier to get a mortgage in his name alone?

Thanks

JoeK_3

Piranhalikethat, if your fella earns sufficient to get the mortgage in his name you would be better to apply in his name only, as the interest rate charged by the lender would be lower because of the better credit history.

You could always be added to the mortgage at a later date when your credit record improves.

Hope this helps
JoeK

piranhalikethat

Thanks Joe, will look into it

Linda540

I found out that you can save a lot of money from buying a house from foreclosures. I saved a 29% of market value.
It is very simple.

TheGame7

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