Update: 25/07: When does a Nationwide valuation happen?

oxfordmark

What stage do you expect us to be at now?

Bearing in mind we instructed searches on Thursday and our solicitor received the mortgage offer Monday.

Should draft contracts of been sent by now?

kingstreet

The draft contract would have been with your solicitor fairly early in the process and in many areas, they can't request searches without a plan which comes with the draft contract.

This is the process;-

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 > YOU ARE HERE!
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
Completion takes place.

Sometimes things do get a little out of order, but this is about right in most cases.

oxfordmark

kingstreet wrote: »

The draft contract would have been with your solicitor fairly early in the process and in many areas, they can't request searches without a plan which comes with the draft contract.

This is the process;-

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 > YOU ARE HERE!
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
Completion takes place.

Sometimes things do get a little out of order, but this is about right in most cases.

Thanks, they still haven't had the draft contract. They chased this up last week.

I am going to the house this evening to measure things etc, i am going to mention it to the seller when i see him.

They haven't asked for the solicitor fees yet also.

kingstreet

I presume you've paid for the searches, but they have not yet been requested?

oxfordmark

kingstreet wrote: »

I presume you've paid for the searches, but they have not yet been requested?

Hello

Paid for the searches and the solicitor requested them Thursday

kingstreet

You won't pay solicitor fees until completion.

TBH the people you have helping you on this, such as solicitor and broker/lender personnel don't appear to be telling you much.

I'd be rather unimpressed if I found one of my clients having to run their entire purchase on here.

oxfordmark

Just an update: We are still waiting on the draft contracts, seller wants to complete on the 19th July.

oxfordmark

Another update: The contracts my solicitor received is not all of the pack. So she is chasing the sellers solicitors. Our seller was up for completion a week today, looking less likely now.

oxfordmark

We are hoping to exchange tomorrow, i paid the deposit at lunch time!

oxfordmark

We COMPLETE TOMORROW!!!