Vendor wants £30k more

Mortgage_Mark_2

Because at present the onus is on the buyer to get the valuation done, and that's why mortgage companies will appoint their chosen surveyor since the survey is being done for their needs. In Scotland it's needed to get it on the market so is slightly different though works in the same way for mortgage purposes in that lenders usually accept the report, provided it's less than three months old.


I think it could work in England too, but it's sadly not as easy as one person starting the trend.

googler

I don't think I suggested that the system starts with one person. I'm suggesting that the lenders would accept buyer-commissioned surveys if a similar countrywide legislation provided that every seller commissioned a survey/HR prior to placing their house on the market and made this available to buyers and their lenders.

As you can see above, I suggest that if the folks in E&W want change, they lobby their MP.





Doesn't the MSE code of conduct suggest that you shouldn't have your business name as part of your user name?

poppysarah

stanmoor wrote: »

When we made the offer, we paid £600 over the asking, and won on a sealed bid. So obviously other bidders didn't feel it was worth asking back then, so i'm hoping they won't now.

You showed how keen you were.

And going to sealed bids has obviously made their heads spin.

Nothing you can do if you've not exchanged though. How close are you?

Prothet_of_Doom

Mallotum_X wrote: »

Offer the extra, string it along for as long as possible without incurring any extra costs, and find somewhere else to buy.

Oh yes but Offer £50K more, to 'ensure that they don't pull out'.

How long do we think it could be strung out for ? 2 months would be easy, 6 months a challenge. You'd have to do some serious lying, perhaps get a different solicitor for the purchase of the replacement house.

Mortgage_Mark_2

googler wrote: »

I don't think I suggested that the system starts with one person. I'm suggesting that the lenders would accept buyer-commissioned surveys if a similar countrywide legislation provided that every seller commissioned a survey/HR prior to placing their house on the market and made this available to buyers and their lenders.

As you can see above, I suggest that if the folks in E&W want change, they lobby their MP.





Doesn't the MSE code of conduct suggest that you shouldn't have your business name as part of your user name?

I hadn't realised - I'll change that as soon as possible - thanks.

googler

Mark wrote: »

I hadn't realised - I'll change that as soon as possible - thanks.

You hadn't realised you'd put it in your user name .... ?

SOMEONE_3

Get a friend to approach the same EA looking for a 2 bed flat with £410K-£420k to spend, cash, no chain. And see if the EA leads them to this property.

If they do have them put in an offer and do nothing for a few months whilst you look elsewhere.

Mortgage_Mark_2

googler wrote: »

You hadn't realised you'd put it in your user name .... ?

?


Clearly I had - I hadn't realised that it was not the done thing, and have emailed admin to ask that it's changed.

Fruit_and_Nut_Case

SOMEONE wrote: »

Get a friend to approach the same EA looking for a 2 bed flat with £410K-£420k to spend, cash, no chain. And see if the EA leads them to this property.

If they do have them put in an offer and do nothing for a few months whilst you look elsewhere.

I LOL'd. Does that make me a bad person?

movilogo

Even £390k for a 2-bed flat in London seems crazy. But then London does not belong to this planet

@OP, you don't really have a choice. Either meet vendor's demand or pull out.

May be you should take this opportunity to review your requirement of whether you want to spend that much for that small or want to move out a bit and get a far bigger property.