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Waiting for valuation, shall i pay for searches?
Nelly321
Posts: 79 Forumite
I am waiting for natwest to book in my valuation, which has taken a while tbh, I am waiting for legal and general to book the actual time slot.
To stop keeping the solicitor waiting would it be okay to pay the solicitor the upfront fee to allow them to start working?
Or should I wait?
To stop keeping the solicitor waiting would it be okay to pay the solicitor the upfront fee to allow them to start working?
Or should I wait?
0
Comments
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Pay the money.
Ask them not to spend it until you have your valuation, or offer.
Ask them to proceed with searches as you are happy and do not wish to waste more time.
Choose the option which best suits your attitude to "risk."I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
kingstreet wrote: »Pay the money.
Ask them not to spend it until you have your valuation, or offer.
Choose the option which best suits your attitude to "risk."
^^^^ this , pay a deposit and tell them to wait for further instructions ,0 -
No, as long as you have instructed them they will be happy to wait until your formal offer has been issued (all quite standard practice) ... at that point you can pay any reqd up front fees, and allow them to commence seaches etc.
The reason why I wouldn't pay them and tell them to hold off is in case this instruction gets lost in translation, ie they don't suspend things until your offer is in, whilst incurring non-refundable fees, and you later establish that you can't proceed following survey and/or terms of mge offer for whatever reason.
At least once you have actually recd and accepted survey and your formal mge offer, you know that your purchase funding is formally in place.
Choice is yours however ..... !
Holly x0 -
Yeah, tell them to wait till you have the mortgage offer. I made the mistake of not to and I'm out £300 as the valuation came up £15000 short and we couldn't find a solution everybody could agree to, won't be making that mistake a second time.
To be fair, I thought the papers from our solicitor said they wouldn't start searches till the mortgage offer was received, but it actually was when they received the contract from the seller's solicitor, sigh.0
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