We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

FTB...made an offer, which is accepted (almost)...now what?

callmechar
callmechar Posts: 627 Forumite
edited 11 January 2012 at 4:32PM in Mortgages & endowments
Seller is considering our offer which we think is likely to be accepted. We want to be in the new house before the stamp duty exemption ends in March (we are first time buyers). The house is empty. IF its all accepted etc...what do we do next? Where do we begin? We want to use post office for mortgage I think - 90% LTV, decision in principle we had expired so I guess do another one but then what?

Edit...offer accepted!!! EA wants our solicitor details. Where do we begin?
«1

Comments

  • betmunch
    betmunch Posts: 3,126 Forumite
    If your going to use the post office for the mortgage then I would pop in and ask them the next step.

    Sorry couldnt resist!!!!

    If you know what you want, and the offer is accepted then its time to make the application, you may or may not need to do a new DIP.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ACG
    ACG Posts: 24,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Call round some solicitors, get some prices.
    Choose one and give the details to the estate agemt
    Apply for your mortgage.
    Wait until they request any info from you and follow their insttructions
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • callmechar
    callmechar Posts: 627 Forumite
    oh know! big problem, recently got married but not changed driving licence yet so this is still in maiden name, will be a problem for id?
  • betmunch
    betmunch Posts: 3,126 Forumite
    use your passport for the ID?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • callmechar
    callmechar Posts: 627 Forumite
    no do not have a passport
  • betmunch
    betmunch Posts: 3,126 Forumite
    Shotgun licence?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • betmunch
    betmunch Posts: 3,126 Forumite
    Think you better check with the PO what they will accept.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • samlee0211
    samlee0211 Posts: 35 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Am i right in thinking stamp duty is exempt for first time buyers on anything under 250k? will this then rise to 1% after march for ftb's
  • callmechar
    callmechar Posts: 627 Forumite
    edited 11 January 2012 at 6:15PM
    Does this seem like a good quote and include everything needed?

    Purchase in the region of £190,000.00

    Solicitor Costs £500.00

    VAT £100.00

    Bank Transfer Fee £30.00

    VAT on Bank Transfer Fee £6.00

    Disbursements

    Stamp Duty £nil

    Land Registry Fee £200.00

    Local Search £99.00

    Drainage Search £69.70

    Land Registry Search £4.00

    Bankruptcy Search £4.00

    £1,012.70
  • geoffky
    geoffky Posts: 6,835 Forumite
    + another £500..for solicitors costs
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture