Anyone want to join me? Awaiting Mortgage decision...

shonaFTB

I've got a question around signing of the contracts with the solicitor...

My other half is currently working away and we're probably due to complete on our first house in 5 weeks. He's going to be away when we are due to sign the contact? Is there anything we can do with the solicitor faxing these to his work place and him signing them or can I sign alone? Or even him writing a letter to say he agrees to all terms?

I'm getting really nervous about this as don't want to delay. If anyone has any experience or comments please do reply.

lky2k23

shonaFTB wrote: »

I've got a question around signing of the contracts with the solicitor...

My other half is currently working away and we're probably due to complete on our first house in 5 weeks. He's going to be away when we are due to sign the contact? Is there anything we can do with the solicitor faxing these to his work place and him signing them or can I sign alone? Or even him writing a letter to say he agrees to all terms?

I'm getting really nervous about this as don't want to delay. If anyone has any experience or comments please do reply.

I think he has to sign in person sadly.

shaniannie

Mortgage app went in today, so here's our timeline:


Wednesday 26/3/14 Our house on market
Friday 28/3/14 Offer on our house
Saturday 29/3/14 More viewings on our house
Monday 31/3/14 Accepted offer on our house (cash buyer)
Friday 4/4/14 Viewed house to purchase (empty house)
Saturday 5/4/14 Offer accepted on house to purchase
Monday 7/4/14 Purchaser's survey booked for Thursday 17/4
Thursday 10/4/14 All paperwork to fill/sign received from solicitor
Friday 11/4/14 Broker paid, app gone in to Halifax




Hubby and I will get all the solicitors paperwork completed over the weekend, and take them in, with ID and payment for searches Monday PM.


Broker has got copies of all info required (although I think Halifax only requested 1 x bank statement, 1 x payslip and "other income" proof). He is on holiday next week, but is confident we should have a mortgage offer before the end of next week?!


Never expected everything to move so quickly. Solicitors, as they were last time, are really quick to get paperwork etc out! We go on holiday on 6th May for 2 weeks - as I said, I thought our house would be on the market a few months at least, so it's all bad timing...


Just more nail biting waiting now - I'm ever the pessimist and am waiting for something to go wrong...

sefilby

sefilby wrote: »

4th April - My solicitors haven't received draft contracts from seller solicitors, so haven't started any legal work or local searches.
Advised local searches are taking 20 working days min.
Looks like we will be hard pressed to get in before the end of May at this rate :mad:

17th March - Application submitted
20th March - Phone call from Natwest Mortgage Centre; application ok but has been pulled for audit
25th March - Valuation Instructed booked for thusday
27th March - Valuation Survey carried out
1st April - Valuation received by Natwest
2nd April - Solicitor instructed
2nd April - Application has been sent to offer team
4th April - update My solicitors haven't received draft contracts from seller solicitors
10th April - NatWest Mortgage offer received!!!! :j

eeyoreworld

29/1 first viewing, made offer, rejected
1/2 second viewing, revised offer accepted
5/2 meeting with MA, dip approved Santander
6/2 solicitor instructed
8/2 provided all paperwork to MA
25/2 app finally in underwriting queue
20/3 Santander questioning LTV on btl, unlikely to proceed to offer, go with NatWest app instead.

7th March Phone call made to natwest and aip given
12th March full mortgage phone interview
13th March pack received in the post
15th March ID and supporting docs taken to local branch
18th March docs received at mortgage centre
20th March text to say all approved pending valuation which was booked today
12th April offer received from NatWest

Phew, another step closer...

suziemoon

Hi I'm slightly different as I have received a YES decision but then they have placed a 100% retention on the property.

The property is a converted Barn, it was converted 15 years ago into an Office building, it has 2 floors, 3 x (30m x 5m rooms) and 2 x (5m x 5m rooms), a small kitchen, 2 toilets and a shower room. The property conformed to office building regs when it was converted.

The Valuer has valued the property at what we are paying for it but has recommended a full retention until the alterations have been completed. How can we undertake the alterations until we own the property, we can't own the property until we get the mortgage.... NIGHTMARE!

We've asked for the Valuer to reconsider his decision - the alterations are stud walls which will cost us at most 10K.

Please can anyone advise if they have had similar?

darroch

Joint application buying a property under the help to buy (scotland) scheme with Taylor Wimpey in Edinburgh.

Our timeline so far:

19/03 - Mortgage agreed in principle with Halifax
20/03 - 01/04 Negotiating incentives with Taylor Wimpey. Squeezed as much as I could out of them. Reserved plot
01/04 - Appointed a solicitor which is working out at £1147 (compared to other quotes c. £1600)
02/04 - Halifax mortgage adviser submits Link Help to Buy application form.
10/04 - Halifax mortgage meeting. Full application submitted

Now just impatiently waiting on Link coming back via email with their decision. Currently 10 working days turnaround which will be Wed 16/04 latest.

Can't stand this waiting game. :wall:

bylromarha

bylromarha wrote: »

Originally Posted by bylromarha
Okay - here goes nothing. Will be good to see it typed out I guess in a few months from now.
28/11 - viewed house
28/11 - AIP given by HSBC
30/11 - 2nd house viewed - already had an offer on, so had to decide where to put offers. Offer put in with request of a quick decision.
2/12 - Offer accepted. Mortgage application completed.
3/12 - Paperwork requested taken to branch

17/12 - letter received asking for ID which they already had on file.
30/12 - rang to chase "just going to be passed to credit dept" - decision in 3 - 4 working days. Will call you by Friday 3rd Jan with a decision
6/1/14 - still nothing, so rang to be told that they were "just going to be passed to credit dept" - decision in 3 - 4 working days :eek::eek::eek:

After whinging, mortgage formally approved by phone @3.30pm
Surveyors rang to confirm EAs details to make an appt for survey.


7/1/14-Surveyors rang EA - vendors details passed on. EA rang us to confirm contact made. EA said surveyors want to do job by 16th January.
8/1/14 - Contract package received (minus F+F form)
9/1/14 - Contract package returned
13/1/14 - Rang EA to ask when survey was booked. After phone tennis with EA and vendor and surveyor today, 24th Jan booked. 16th Jan no longer possible due to vendor lack of contact (according to EA)
17/1/14 - Fixtures and fittings form received. Query over cooker being left. Query resolved 20 Jan
24/1/14 - HB survey done. Valuation validates sale price :j Evidence of woodworm and asbestos found
3/2/14 - woodworm specialist in to check. Woodworm is historical
4/2/14 - asbestos man going in to do his checks.
6/2/14-asbestos shows historical asbestos in ceiling panels, which is fine if left undisturbed and precautions taken if drilling into it. All fine there.
11/2/14 Ready to exchange on purchase but house sale, of which equity is needed, which should have been completed before Christmas is holding things up. Solicitors are slower than snails.
6/3/14 Solicitors still haven't exchanged on our sale due to 4th set of buyer enquiries being sent over today. Ridiculous. Now in week 17 since accepting cash buyers offer...

Don't use Convey Law people - my buyer is and I wish he wasn't.

Got bored of updating with all the ridiculousness that Convey Law sent over on our house sale, which should have completed before Christmas - they wanted building regs on the conservatory which didn't need building regs, they wanted the whole NHBC certificate, not just the front page, they wanted a letter on headed paper, they wanted a covenant from 1916...each of these took about 2 weeks to turnaround on their end. We ended up putting the house back on the market - got 3 offers in a week, so told him he needed to complete by 26th March or we'd go with a new offer on the Thursday. Buyer pulled his finger out and finally started pushing his solicitors to do stuff quicker than a bowl of porridge.

Upshot is, we completed today on our purchase :j:j:j- could have completed earlier, but sellers wanted a little longer. As they'd waited long enough for us with our stupid buyer and his solicitors, we were happy to wait another fortnight for them to complete.

Just off to collect the keys and enjoy a leisurely move in from our rental. 2 months later than planned due to stupid slow buyer but finally got there - only cost us an extra £2k in rent...

Oh, and CONVEY LAW ARE RUBBISH. Just incase I hadn't mentioned it already.

joolesw1972

28/2/14 completed on my old house (not living in)
8/3/14 looked around two houses - 1 we really liked
10/3/14 contacted broker and got DIP
12/3/14 looked around another house but didn't like it as much
15/3/14 second visit to look more critically, took friend who is civil engineer and checked it over structurally for us
17/3/14 offer made and rejected, 2nd offer accepted
18/3/14 contacted broker to inform and for full application to be made
18/3/14 ID & OIP taken to EA
19/3/14 offers ending at the woolich so computer system not working/funds not available
20/3/14 unable to find partners name
21/3/14 turns out they'd put mrs not ms?! not sure if it will be done today
24/3/14 full application in finally and told we've passed the credit check (I assume that's a good thing) and requesting proof of deposit and 3 months bank statements, email back to check if printed off ones are acceptable
24/3/14 ID, bank statements, contract & £300 etc sent back to solicitor
25/3/14 broker got back, yes printed ones are ok - will do tonight, not requested ID
31/03/14 Broker said documents would be looked at in 5 working days so we should hear something by Friday
03/04/14 Broker emailed to say they hadn't looked at the documents and probably won't until Tuesday
07/04/14 - Partner received a text to say survey booked for 10/04/14
10/04/14 House valued
14/04/14 Got text to say we could check valuation on line, valued at our offer price, no concerns etc just waiting for it to be looked at for the mortgage offer (3-5 days broker said) and the search to come back, feels like things are moving on a bit now :T

ukbrockest

App 27/2 to Nat West 95% FTB

after many weeks of missing paperwork, mistakes, the property being devalued etc I have has confirmation that offer is in the Post

Yeeehhhaaaaaa