Offer Excepted - When do we do what?

riverboat2001

Have an AIP
Decided on Surveyor (but will consider Mortgage Companies suggested Surveyors)
Solicitor Sorted

Buying an empty house (not probate)
We are not in a chain

In the past due to a messy divorce we incurred masses of debt, but it has all been clear with no missed payments or problems for about 6 years or so.
Our AIP went through the credit check with no problems, but can't help panicking that they will turn it down.

So i thought i should apply to progress it now, but EA says no, do survey and get solicitors onboard before progressing the application.

What do i do, and when?

Lastly AIP runs out on 31st Dec (total shutdown over christmas and New Year won't help:()

myhouse_2

I would wait until the offer is accepted.
Excepted offers are not to be trusted.

riverboat2001

Aha, i see what you did there!

Speeling never been my strong point!

G_M

Nor is memory. You've already asked this question .... and had it answered!!

riverboat2001

G_M wrote: »

Nor is memory. You've already asked this question .... and had it answered!!

Yes, i stand corrected, i did actually search for it! But maybe spelling got the better of me:o

The only thing i'm really stuck on is now that i have all the info ready on the full application form, do i hit "Submit" now?

I'm guessing yes if i'm going to use their surveyor...But EA said NO.
EA reckons the final YES from the Post Office will take weeks!
No one on here seems to listen to the EA so i'm just plain confused.

I can't see what else i'm supposed to do until the Post Office have agreed the money!
i Feel the EA is pushing me , but not sure why (End of Year Bonus perhaps?)

This is my first time:o (other property was right to buy years ago - was all done for me!)

G_M

You've agreed to buy a house.
You don't have enough money yourself to do so.
So you need to borrow some.
Without this, you cannot buy the house.
So might it not be a good idea to confirm that your preferred lender is prepared to lend you the money?

Yoy need to do 3 things:
1) Apply for a mortgage
2) Instruct a solicitor (unless you've decided to do the conveyancing yourself (inadvisable given the number and type of questions you are asking)
3) reassure yourself the property is sound - either by doing a survey yourself, instructing an independant surveyor, or asking the mortgage lender to instruct their surveyor at the same time as they do a valuation

Google 'housebuying' or similar and find sites like this.

riverboat2001

That's about it, the only thing i seem to be confused about is when do i submit the "proper" mortgage application ie Moving on from the agreement in principle? This to me seems the logical next step. I'll phone Post Office on Monday as thier helpline has been pretty good answering genral questions.
Solicitor is no problem, all sorted.

G_M

riverboat2001 wrote: »

That's about it, the only thing i seem to be confused about is when do i submit the "proper" mortgage application

Please see the reply I gave you above!!!!!