Need some HELP......so worried

Losingthewill

Whilst I agree sometimes just take time, I believe it is poor customer service to ignore messages being left to contact someone. Sometimes all it takes is two minutes to call someone and reassure them that they haven't been forgotten. Being left in the dark is more frustrating than having someone ignore you. It's not about being a time waster, it's about trying to speak to someone in a position to give or get information. One call returned would have meant the following calls wouldn't have been made.

Thrugelmir

Losingthewill wrote: »

The law is different here re house buying and selling. Once a solicitor, acting for the seller, verbally accepts an offer, they cannot then entertain a second offer. A second offer can be made, but the solicitor who accepted, on a sellers behalf, would be unable to deal with another offer. The seller would need to fire them, hire another firm and then deal with the second offer. At conclusion of missives the deal is legally binding. Ours were concluded in about 2 weeks for the sale of the current house. So, taking that as an average, if we had gone ahead and offered when we saw the property we liked, in about 4 days or so, assuming its not nearly Xmas, we would be almost at conclusion of missives and legally bound to proceed.......but with no mortgage in place..!

Thanks.

So I would read into this. That you would need to be almost a 100% certain of being granted a mortgage to make an offer. As there's no margin for being declined.

Certainly reduces the possibility of a timewaster . As has been my experience previously in England.

Cara79

My apologies I didn't realise u r in Scotland
X

sammyjammy

Losingthewill wrote: »

The law is different here re house buying and selling. Once a solicitor, acting for the seller, verbally accepts an offer, they cannot then entertain a second offer. A second offer can be made, but the solicitor who accepted, on a sellers behalf, would be unable to deal with another offer. The seller would need to fire them, hire another firm and then deal with the second offer. At conclusion of missives the deal is legally binding. Ours were concluded in about 2 weeks for the sale of the current house. So, taking that as an average, if we had gone ahead and offered when we saw the property we liked, in about 4 days or so, assuming its not nearly Xmas, we would be almost at conclusion of missives and legally bound to proceed.......but with no mortgage in place..!

To be fair to us you didn't say you were in Scotland, it obviously makes a difference. Good luck with your application, I'm sure they'll make a decision as soon as they possibly can.

Losingthewill

Fair point, the penny only dropped when I was reading replies and then realised everything said was pertaining to English house buying, my error for not saying its Scotland!

Brock_and_Roll

I am afraid it is like a ghost town in banks at the moment! I actually thought my luck was in yesterday when a young lady came over and introduced herself as "the other person on the floor" !

I am afraid that the net result of all the banker-bashing combined with job losses, pay freezes etc has left us humble (and innocent!) foot soldiers very de-motivated.

So the credit underwriters will no doubt naff off to the pub soon, if they have not already popped in for a snifter!

Losingthewill

Yes it would appear Xmas has started early for the underwriters!

Brock_and_Roll

My advice (from the inside) is to relax, enjoy xmas and the new year and work on the assumption that no news is good news!

kingstreet

I would expect lenders to have switched a lot of staff over to completions to get them all done for today.

Once that's over, the solicitors will all be closed for a fortnight and the lenders can catch up with "normal" application issues.

The Nationwide intermediary site says they are currently dealing with post received on 16th.

lindens

There are a few other threads around on Nationwide mortgages and the times are all running into quite a few weeks - and thats before the Christmas delays!