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FTB - Offer accepted! (What to do next?)
findingnemo^^
Posts: 30 Forumite
Me and the GF have finally had our offer accepted at £107,000, with a deposit of £15,000 coming from her parents. 
What's the next step?
We have an appointment with Nationwide regarding our mortgage tomorrow, any advice or details that we need to bring along.
I've also been in contact with a local solicitor who has given me the below quote, it's based on a two-bed semi in Yorkshire, built in the early 80's.
Does it sound fair?
Solicitors charge = £450 Inc. VAT
Telegraphic Transfer Fee = £40
Disbursements:-
Mining Search = £39.00
Local Search = £78.00
Drainage Search = £46.00
Land Registry Search = £4.00
Land Charges Search = £4.00
Chancel Check = £15.00
Envirosearch = £50.04
Registration Fee = £200
Total = £916.67
As first time buyers we haven't really got a clue about the correct steps to take. Any tips?
Many thanks
What's the next step?
We have an appointment with Nationwide regarding our mortgage tomorrow, any advice or details that we need to bring along.
I've also been in contact with a local solicitor who has given me the below quote, it's based on a two-bed semi in Yorkshire, built in the early 80's.
Does it sound fair?
Solicitors charge = £450 Inc. VAT
Telegraphic Transfer Fee = £40
Disbursements:-
Mining Search = £39.00
Local Search = £78.00
Drainage Search = £46.00
Land Registry Search = £4.00
Land Charges Search = £4.00
Chancel Check = £15.00
Envirosearch = £50.04
Registration Fee = £200
Total = £916.67
As first time buyers we haven't really got a clue about the correct steps to take. Any tips?
Many thanks
0
Comments
-
Take ur bank statements showing salary coming in for past 3 months and proof of deposit to Nationwide. If u don't already bank with them I would suggest that you take proof of address and photo ID. Before they agree the mortgage they will send a valuation surveyor to the house to see whether its mortgageable (you will most likely have to pay for this). You can also have an optionable Home Buyers Report which is more detailed about the condition of the property or a full Structural Survey. If the bank are happy they will make you a mortgage offer and send paperwork to your solicitor. The estate agent will send memorandum to solicitor too. They solicitor can then begin their searches. I can't really comment on the price quoted because I've realised that they vary so much - I was given quotes that ranged from £850 to £1200!
Good luck x0
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