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

Tim_Bisley

tkane wrote: »

Name and shame the estate agent.

They should not have entertained any other buyers after accepting your offer and they should also have advised the seller against accepting another offer when you had already started the mortgage process.

The law is lacking in this area to protect people in your situation.

Why would it be the agent's fault? They are legally obliged to put forward any offers that are made through them. The decision to accept a higher offer is squarely with the vendor.

hayleyjane82

No they didn't say why, though I have just returned to work from maternity leave and have only had one pay cheque so far showing this- I have also changed Jobs (within the same company) and my pay has gone up. I had to provide my contract to prove it. Not sure if these are the reasons why....

kingstreet

hayleyjane82 wrote: »

I was of the understanding that if it was off the market then that's that- no other offers accepted or even put forward to the vendor. Might be worth kicking up a stink- especially as you've already spent out on a survey. Could always threaten EA that you'll make local press aware- that'd put off any potential customers from viewing any of their properties!!!

No. You may wish to have a look at the 1979 EA Act, which specifically requires Agents to communicate offers to vendors.

The EA cannot prevent the potential purchaser making the offer, nor the vendor accepting it.

In this case think "greedy vendor" as Agents tend to be happy when they have a sale and want it to complete quickly so they get paid.

Where I am most EA activity is fixed fee, so an increased offer doesn't mean the Agent gets paid more...

Lovem

Lovem wrote: »

19/1 1st Viewing.
2/2 2nd Viewing.
6/2 AIP (first offer)
9/2 Offer Accepted. (3d and final offer)
13/2 Full Application done.
16/2 Broker sent pack.
18/2 All scanned.
20/2 sent to senior underwriter.
20/2 need new ID scans done same day.

Following on:
24/02/2015 - case has been underwritten and the homebuyers/valuation instructed today

hayleyjane82

Well our valuation has been done. Now awaiting outcome of mortgage application!!!

lxpeanut

My timeline so far
4/2 1st Viewing
20/2 2nd viewing
21/2 offer accepted
21/2 AIP (I already had one but this mortgage was cheaper)
25/2 full application submitted

SavingWolf

After pulling out of a previous purchase due to problems with the road that the solicitor advised against we have now started the process on another property that we really like.

Timeline so far

6/2 1st Viewing
7/2 2nd Viewing (we liked it that much and have looked at around 20 houses in total!)
12/2 offer accepted
16/2 AIP (already have an existing offer from previous purchase attempt but have found a better deal so applying for this)
24/2 Application submitted with all requested documents

whysoserious13

whysoserious13 wrote: »

Thought I would join in!

11/01/2015 - 1st viewing
13/01/15 - 2nd viewing
14/01/15 - offer made and rejected
16/01/15 - 2nd offer made and accepted, broker meeting
17/01/15 - DiP received from Abbey
20/01/15 - Full application made.
29/01/15 - Initial Mortgage offer received.
30/01/15 - Valuation done
3/2/15 - Full offer received. Survey booked plus solicitors on their merry way.

6 weeks to go hopefully, chain free FTB.

UPDATE:

26/2/15 - Contracts exchanged. Completion date set for 19th March. 3 weeks of hopefully hearing nothing from solicitors!!

hayleyjane82

We have our mortgage offer in! Horray!!

So it's taken exactly one week from application going in to valuation done and full offer confirmed- very impressed with the Halifax and my broker!!! Now we're just waiting for our buyers valuation- 3 weeks after we accepted her offer.....hurry up!!!

aishaonline

hayleyjane82 wrote: »

We have our mortgage offer in! Horray!!

So it's taken exactly one week from application going in to valuation done and full offer confirmed- very impressed with the Halifax and my broker!!! Now we're just waiting for our buyers valuation- 3 weeks after we accepted her offer.....hurry up!!!

Congratulations... Hopefully I am having the same to report in the next couple of days... Got our valuation report through today.. Hoping offer follows swiftly too..