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At last!
typeractive
Posts: 935 Forumite
Hi all,
Eventually managed to seal the deal on my first house! I've been working on buying this property for AGES! I've faced a number of problems and issues such as habitability, the banks financing, and negotiating prices.
With a LOT of investigation, research and communication I finally managed to pick up the keys yesterday!!
All very exciting.
So, to anyone who has helped me throughout the proces - in particular silvercar and fire fox, I really appreciate it!
Now I need to rennovate the property, so I guess I'm at the very beginning, and there is a LOT of work to get stuck into - wish me luck!
Thanks again!
Eventually managed to seal the deal on my first house! I've been working on buying this property for AGES! I've faced a number of problems and issues such as habitability, the banks financing, and negotiating prices.
With a LOT of investigation, research and communication I finally managed to pick up the keys yesterday!!
All very exciting.So, to anyone who has helped me throughout the proces - in particular silvercar and fire fox, I really appreciate it!
Now I need to rennovate the property, so I guess I'm at the very beginning, and there is a LOT of work to get stuck into - wish me luck!
Thanks again!
"The future needs a big kiss"
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Comments
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Well done!
Did you bridge in the end?I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
hey silvercar!
No - in the end I had no problem with the mortgage (so to speak). Basically I anticipated that it would fail like it did for previous people on the habitability issue, though I managed to find the banks terms and conditions for habitability, also I got a gas guy to come and check the boiler - technically it works - it just looks so bust you'd assume it wouldn't. He signed it off as working in case I needed it to help my case.
The mortgage company valued it, and actually valued it less than we had agreed. Of course this put me in a sticky spot as I wasn't sure they would drop the price, though due to my meticulous approach and heaps of contact with the vendor they just wanted shot and dropped the price - great news for me!
It's still been a very long process for buyign a vacant possession from a company as opposed to a resident, but I managed to do it with a conventional manner. Funnily enough when they valued the property less, I couldn't qualify for teh mortgage I wanted, and was out by around £900! So I got my mortgage advisor to call the underwriter and call their bluff - retain me on the 4.98% package (instead of the 5.54%!) or I will walk....hairy times as to be honest I had no choice but to stick with them as I couldn't risk another bank classing it as uninhabitable (if that makes sense - the time, effort, confidence in seller etc would all go out the window), but they agreed instantly.
My solicitor was great also.
Cheers for your help silvercar - it's been very beneficial to think these things through - owe you a beer sometime! :beer: "The future needs a big kiss"0 -
:j Congratulations, just proves that doing your homework and refusing to take no for an answer can really pay off! :T Do keep us all informed of your progress with the renovation.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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Cheers Fire Fox,
I will indeed keep everyone posted of the hurdles I am yet to face!! lol I'm sure I will be on here more than ever! :beer:"The future needs a big kiss"0
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