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Well, Here goes - a stress and hassle free purchase.......
davilown
Posts: 2,303 Forumite
Or not!
We've been looking for six months and finally found the 'wow' house for us. Offer went in yesterday, close to asking, and was accepted yesterday evening.
Next was the mortgage. Decided on on a 2 yr tracker with santander, spent two hours there this afternoon and came out £495 less off but with a full mortgage approved! This was a lot easier than expected especially for a ftb 90% ltv.
Have taken approval to estate agents and have sourced conveyency solicitors at £1239, just awaiting their paperwork etc.
Next is the valuation, then home buyers report (at another £312 cost or building survey at £415).
So, 24 hours in, we've accomplished a lot so far in a short time. Hopefully the rest will be just as smooth (we've moved 9 times in 13 years).
We are aiming to complete in mid October.
Lots of people ask about the next steps in purchasing a house and hopefully this will help!
We've been looking for six months and finally found the 'wow' house for us. Offer went in yesterday, close to asking, and was accepted yesterday evening.
Next was the mortgage. Decided on on a 2 yr tracker with santander, spent two hours there this afternoon and came out £495 less off but with a full mortgage approved! This was a lot easier than expected especially for a ftb 90% ltv.
Have taken approval to estate agents and have sourced conveyency solicitors at £1239, just awaiting their paperwork etc.
Next is the valuation, then home buyers report (at another £312 cost or building survey at £415).
So, 24 hours in, we've accomplished a lot so far in a short time. Hopefully the rest will be just as smooth (we've moved 9 times in 13 years).
We are aiming to complete in mid October.
Lots of people ask about the next steps in purchasing a house and hopefully this will help!
30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
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Had decided to go with a conveyancing company, but following various threads on this and other forums, have decided to go with a more locally based solicitor. More money(about £100) but worth it I hope.
Valuation at the end of the week. Ea keeps trying to get us to hurry up and get home buyers report organised but going to wait till valuation is through. In no rush, I'm happy, vendor is happy with may expected completion date.30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.0 -
Good Luck! I'm in the same boat. Offer accepted last Friday 22/07. Solicitor instructed Monday 25/07. Full Mortgage application to Abbey submitted 27/07, asked for payslips 28/07. We're still waiting to hear the outcome of the mortgage application. Judging by your outcome Abbey/Santander don't drag their feet. Our broker submitted our application so hopefully we'll hear something next week, fingers crossed. We'd like to complete by end of September (or before if possible).0
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How old is the property? Before opting for the saving of £103 for a homebuyers report, the full survey may be much better value for money in the long run.Make £2025 in 2025
Prolific £841.95, Octopoints £6.64, TCB £456.58, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £60, Shopmium £52.74, Everup £95.64 Zopa CB £30
Total (1/11/25) £1954.45/£2025 96%
Make £2024 in 2024
Prolific £907.37, Chase Int £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus ref £50, Octopoints £70.46, TCB £112.03, Shopmium £3, Iceland £4, Ipsos £20, Misc Sales £55.44Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%0 -
casualwalks wrote: »Judging by your outcome Abbey/Santander don't drag their feet.
Goodness me you're lucky, we're porting our mortgage with Abbey/Santander and it took them 5 weeks to get back to us with the OIP, now they need to do the valuation. We were supposed to exchange the week before last! lol! At least we might still get our proposed completion date of the 19th August.
I do hope you have more luck than us with them.
Yes, yes I am! :dance:0 -
casualwalks wrote: »Good Luck! I'm in the same boat. Offer accepted last Friday 22/07. Solicitor instructed Monday 25/07. Full Mortgage application to Abbey submitted 27/07, asked for payslips 28/07. We're still waiting to hear the outcome of the mortgage application. Judging by your outcome Abbey/Santander don't drag their feet. Our broker submitted our application so hopefully we'll hear something next week, fingers crossed. We'd like to complete by end of September (or before if possible).
Hi
We completed application in the branch with all the Id and payslips, spent over two hours there! Did you get a provisional yes after credit checks?
Good luck with your move, keep us updated with how it goes, hopefully we can help others understand the process, and even help each other!30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.0 -
How old is the property? Before opting for the saving of £103 for a homebuyers report, the full survey may be much better value for money in the long run.
Yep you're probably correct, will go for the building survey, £250k is a lot of money to lose for the sake of a hundred!30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.0 -
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Just an internal credit check to go then, plus docs check. All the best
30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.0 -
Loving this thread guys! I had offer accepted 8 weeks ago now, survey etc done all searches back just waiting for the chosen to sort itself! Although venders have said they may move our for us
Keep up with the updates!0 -
Loving this thread guys! I had offer accepted 8 weeks ago now, survey etc done all searches back just waiting for the chosen to sort itself! Although venders have said they may move our for us
Keep up with the updates!
Will do, did you get the house of your dreams? Keep us updated and well done for getting this far30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.0
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