My first Mortgage, want to be MF ASAP!

Froggy-G

gymsalesjames wrote: »

All good, called the solicitors today and the house should be ours in about 3 weeks!

Great news James, bet you can't wait to OP your mortgage!!

LilB_3

Is it moving in time this weekend?

Phelpsie001

May have been said before but according to your SOA you don't have contents insurance?! Get this sorted!! One of the most important things to buy!!

gymsalesjames

Good news, things have been delayed slightly for a few reasons but all is looking good now.

Firstly, Nationwide, who we are taking our mortgage out with sent my OH's employers a simple form to fill out about how she gets paid. there were about 10 simple questions and they managed to mess that up by answering the questions "how is she paid, weekly/monthly" and they answered "15000 per year". This was after they decided that her manager was not capable of filling it in and they had to send it to head office to do.

Good work!!

That's sorted now, after my OH had the letter resent and included a "how to fill this form in for idiots" section.

Also, my mortgage broker and the sellers estate agent were both on holiday last week

We have returned our contracts signed and also had our formal mortgage offer in writing so I'm guessing it wont be long now!!

gymsalesjames

Phelpsie001 wrote: »

May have been said before but according to your SOA you don't have contents insurance?! Get this sorted!! One of the most important things to buy!!

I think this was included in our buildings insurance, maybe not, maybe I need to check this!!!

gymsalesjames

Also, with rergards to the mortgage, how do the direct debits work?

Does the DD get set up from the day we exchange and it is every month on that date?

gymsalesjames

Quick question. My OH may change her job before we exchange, are we required to tell nationwide, as it may take her salary downwards?

katsu

Try to not change the job before exchange - if she changes before you officially take out the mortgage then I imagine you may have to declare it.

gymsalesjames

Right, I am alive

Been a few delays further up the chain (we are the bottom!!) but we should be exchanging over the next couple of days and have the keys when we get back off holiday (away from 4th-19th).

This delay does have its upsides though, we will now have 5k left over as an "emergency fund" if we should need it

Also, OH hasnt changed job

LilB_3

I'm glad the delay has had a positive effect on your situation - you seem so patient!

We were lucky to be first time buyers moving into a new property so it all went smoothly and relatively quickly. However, the house took 6 months to build and that was a little frustrating!