First Time Buyer Worries!

r83_2

Ta mate. Just found it surprising, it was that super quick (not that I should be complaining). Are we okay to proceed with Conveyance once we have electronic copy of the mortgage offer? I had hold on any conveyance process because I would have had to pay non-refundable £300.
Thanks a lot for all your advice
R

kingstreet wrote: »

The offer will probably be mailed to you in a day or two. Your broker will get an emailed copy as soon as it's produced, so today or tomorrow for the electronic copy and a bit longer for the paper copy.

kingstreet

r83 wrote: »

Are we okay to proceed with Conveyance once we have electronic copy of the mortgage offer?

I'd say so. Once the offer is out you can't do anything to progress the purchase without spending money on the searches as a minimum. Obviously, mortgage offers do get pulled from time to time but as you've already been audited the risk of that should be minimal.

r83_2

Perfect. Wait begins then! Does Conveyance process take long as mortgage as well with much as difficulties as well? Or is it fairly smooth process? Ours is a new build, currently being developed and I intend to use the same solicitor as used by the developer, Taylors Legal. We have a deadline to exchange the contract by 3rd October?

kingstreet wrote: »

I'd say so. Once the offer is out you can't do anything to progress the purchase without spending money on the searches as a minimum. Obviously, mortgage offers do get pulled from time to time but as you've already been audited the risk of that should be minimal.

kingstreet

Searches normally take a week or so to turn around. The solicitors the developers use, or one the developer recommended? I wouldn't use the same firm, if that's what you're going to answer. Different firms is always preferable.

Developers always want everything to happen today. They might just wait until tomorrow at a push. Don't let them push you around.

You should be in a position to exchange by 3 October but as long as you've done everything you can to get there, there's not much they can do. They'll blow plenty of hot air and try to pressure you, but in practical terms they aren't going to re-market the property for the want of a couple of days.

r83_2

You're quite right. They had been slightly pushy and asking me to start with the process. But I had been firm, that I will not proceed until I have an mortgage offer. They tried couple of times but they aint bugging me now. Thanks mate, you'd been grand help in this painful ride:)

SusieWoozy_2

Kingstreet... any ideas on what could possibly have flagged up as a problem with a linked address so far into a mortgage application that wasn't picked up before?

r83_2

Hi, I finally have gotten the Offer letter from Halifax today. Thanks a lot Kingstreet for all your guidance. Appreciate it. Bless all !

SusieWoozy_2

yay happy days!

we are still waiting lol!

kingstreet

r83 wrote: »

Hi, I finally have gotten the Offer letter from Halifax today. Thanks a lot Kingstreet for all your guidance. Appreciate it. Bless all !

No worries. Did you find out it had been offered or did you have to wait for it coming in the post?

r83_2

Morning, broker had emailed me the copy yesterday afternoon and said the hard copy will come in the post. Happy days, I hope no more glitches now!!! Thanks you once again x

kingstreet wrote: »

No worries. Did you find out it had been offered or did you have to wait for it coming in the post?