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If buyer is at valuation stage how far along is the process?
Soapn
Posts: 1,521 Forumite
Buyer offered at start of December, was turned down for mortgage start of Jan, reapplied with another lender last week and surveyor has been on phone wanting to make appointment for the survey.
My question is, how far along the process are we? I have asked this question on the BUYING/SELLING forum as well.
Should we be getting a wriggle on and offering on something?
My question is, how far along the process are we? I have asked this question on the BUYING/SELLING forum as well.
Should we be getting a wriggle on and offering on something?
When your life is a mess, stop and think what you are doing before bringing more kids into it, it's not fair on them.
GLAD NOT TO BE A MEMBER OF THE "ENTITLED TO " UNDER CLASS
GLAD NOT TO BE A MEMBER OF THE "ENTITLED TO " UNDER CLASS
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Comments
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Your buyer sounds like a bit of a clown so if I were you I wouldn't be doing too much yet.
With my last purchase the offer was accepted on a Tuesday and surveyor was in on the Friday. Why is it taking them so long?0 -
problems with getting a 90% mortgage I think, so as far as I can work out he is going for a 85% one with a different lender.When your life is a mess, stop and think what you are doing before bringing more kids into it, it's not fair on them.
GLAD NOT TO BE A MEMBER OF THE "ENTITLED TO " UNDER CLASS0 -
Offer agreed
Solicitors instructed
Sales memorandum issued by agent
Purchaser applies for mortgage
Vendor's solicitor prepares and issues draft contract
Vendor completes seller's enquiry forms and returns to solicitor
Valuation/survey carried out
Purchaser pays solicitor for searches
Searches requested
Renegotiation of price due to survey findings - if required
Mortgage offer issued
Purchaser's solicitor receives seller's enquiry forms and raises any enquiries
Searches returned
Responses to enquiries
Purchaser visits solicitor to go through paperwork, hand over ID and deposit
Completion date agreed between all parties
Contracts exchanged
He's upto the point highlighted. Most of the purchaser's activity is from now onwards.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thanks for that KingStreet.When your life is a mess, stop and think what you are doing before bringing more kids into it, it's not fair on them.
GLAD NOT TO BE A MEMBER OF THE "ENTITLED TO " UNDER CLASS0
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