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.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. 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!
should i be worried
millie1012
Posts: 7 Forumite
hi
we were due to exchange contracts tomorrow which is not going to happen as my buyer isn't ready and my mortgage offer hasn't been issued. the plan now is to exchange and complete on 29th june.
what worries me is today the survey was requested.
i repeatedly asked the estate agents if a survey was going to be done (no mortgage so possibly not) i accepted their offer on 14th may and my survey on my new property was carried out on 18th may.
my fear is they have left it so late so that they can retract their offer and submit a lower one. since we will be days away from moving i am packed and have spent a lot of money. i can't think why else you would leave it so long.
what do you think? should i be worried or do people often leave it to the last minute?
thanks
we were due to exchange contracts tomorrow which is not going to happen as my buyer isn't ready and my mortgage offer hasn't been issued. the plan now is to exchange and complete on 29th june.
what worries me is today the survey was requested.
i repeatedly asked the estate agents if a survey was going to be done (no mortgage so possibly not) i accepted their offer on 14th may and my survey on my new property was carried out on 18th may.
my fear is they have left it so late so that they can retract their offer and submit a lower one. since we will be days away from moving i am packed and have spent a lot of money. i can't think why else you would leave it so long.
what do you think? should i be worried or do people often leave it to the last minute?
thanks
0
Comments
-
You're packed and you haven't even exchanged contracts yet?
In any case, a buyer can amend or withdraw their offer right up to the moment of signature. And only a complete idiot would buy a property without a survey, mortgage or no mortgage.
So, yes. You should be worried0 -
I felt i had no choice as i am buying from a developer who insist on 6 weeks from offer to completion. i wanted 6 weeks between exchange and completion but that was refused by them. i have therefore had tp pack my house.
well i will go on worrying then.0 -
Don't waste energy on worrying. Just unpack your stuff and prepare for a gazunder.millie1012 wrote: »I felt i had no choice as i am buying from a developer who insist on 6 weeks from offer to completion. i wanted 6 weeks between exchange and completion but that was refused by them. i have therefore had tp pack my house.
well i will go on worrying then.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
DVardysShadow wrote: »Don't waste energy on worrying. Just unpack your stuff and prepare for a gazunder.
I'd also instruct the estate agent to continue marketing the property in the meantime.0 -
Regardless of your buyer, as you don't yet have a mortgage offer presumably you can't exchange anyway. Don't be rushed into anything if you aren't sure of the legal consequences of doing so0
-
hi
got my mortgage offer then discovered they put the wrong purchase price on it. let them know at 3pm but they failed to get it to me by close of business.
re survey, panic over, it is a mortgage survey , buyer decided to get a small mortgage which i hadn't expected. the survey is to check house is worth around £50,000.
might get there after all.
thanks0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards