PLEASE READ BEFORE POSTING

Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.

We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

What next? - buying a house

Hi all
I'm sure that someone else had asked this question before, but I've gone thought 15 pages of thie forum, but still can't find the answer to my question.

I'm going to be on holiday from the end of Jan, and hoping to move in before then. At the moment, I have signed the contract for mortgage, offer acepted, survey not done yet. I'm going for a basic survey, because my offer is non-negotiatable after survey and I'm going to ask specialist to look at specific areas. I expect this to be done this week or early next week. My solicitor has been informed, paper work not arrived yet. If every thing goes smoothly, What should I do next?
I would rather to make sure every thing happen at the right time and I move in before my long holiday, instead of waiting for thigns to happen or finding things happened after I move in (such as vendor didn't pay their bills).

Can anyone suggest me what I will need to do between a decision being made to progress wth the purchase (after survey) and completion?

Thank you in advance.

Comments

  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 30 November 2009 pm30 3:05PM
    You can't ask the surveyor to look at specific areas unless you are paying him to do so - each survey (valuation, homebuyers report, full structural) includes specific things, read the RICS website to find out what these are. Remember valuation is for the lenders protection only, anything more is for your protection NOT just about renegotiating price.

    No idea why you are bothered about the vendors not paying their bills, not your problem - you take meter readings on the day you move in, phone the suppliers and give your name and payment details. Any outstanding amounts will not be charged to you.

    Have you made completion by your holiday and have you specified a latest date for exchange as a condition of your offer? Do this and then chase your solicitor and possible the estate agent as well on a weekly basis to ensure swift progress. Your solicitors will not get contracts until you have surveyed, so crack on with this. Have you read the FTB stickys on the front page of this board? Have you tried the search function instead of just trawling for information?
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
  • I'm not trying to get the surveyor to look at specific areas. I mean to get eletrician to look at the eletricity sytem, because it's not going to be covered by a home buyer report. Anyway, this is not the question I'm asking.

    I have told the EA I want to complete before the end of Jan. It is accepted. Still, if I'm going to do the chasing, I need to know what to chase and when to chase. As you said I need to get the survey sorted first, before dealing with solicitor. This is a good point, because now I know the first thing I need to sort out/chase is the survey.

    Basically, I need a time table of what will happen when.

    I've only read the first page of the FTB thread, but I don't need to know about mortgage. As you suggest, there might be the answer to my question, I will read the whole lot.
  • caeler
    caeler Posts: 2,612 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    I am worried that you have gone for a basic survey only because your offer is non-negotiatble. Get the survey you want and need. It may show up nasty horrors but at least you got into it with your eyes open!

    I think your right to be concerned about possible completion whilst your away and I think you need to make your solicitor aware of your holiday dates. Decide what you want and communicate it.

    Depending on where you come in the chain and how much you want the property you may not get alot of say.
  • Cazza
    Cazza Posts: 1,165 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You can still chase your solicitor before you get the survey done, they can apply for searches and do a large amount of their paperwork prior to getting the mortgage offer. The people you need to chase are your mortgage company and the solicitor. Have you told your solicitor the deadlines you want them to work to? You need them on side and they will ba able to tell you what else you need to chase!

    Have you used a mortgage broker? This is the sort of thing they should be doing for you!
  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Don't tell the estate agent you would like to complete before the end of January, make this a condition of the sale (I would do this in writing to the estate agent and copy to your solicitor) and also give a latest date for exchange so everyone knows whether they are on track or not. Just follow up every week you don't really need to know what you are chasing, just ring or e-mail and ask what progress has been made. The solicitor might then say he has had no response from the other side to his queries after ten days, so you then chase the estate agent up for that.
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
  • Thank you all for your replies. They are helpful.
    I will now make sure every one knows when I aim to complete, so they will work towards the same goal.

    Btw, I'm FTB buying a vacant property.
  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    avisccs wrote: »
    Thank you all for your replies. They are helpful.
    I will now make sure every one knows when I aim to complete, so they will work towards the same goal.

    Btw, I'm FTB buying a vacant property.

    I was a cash buyer of a vacant new build flat: it took a year to complete. My partner was an FTB of a vacant flat: he pulled out after six months. On both occasions the problems were down to useless lying solictors representing the vendor - one had lost the deeds in an office move, the other was having family problems. You need to be firm and push hard if you are serious about completing by the end of January, aiming is too wishy washy.
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.3K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.4K Spending & Discounts
  • 240.9K Work, Benefits & Business
  • 617.1K Mortgages, Homes & Bills
  • 175.6K Life & Family
  • 254.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.