Offer accepted back in March and Mortgage offer runs out in less than 8weeks!

egoode

MLKlouie wrote: »

Have been threatening with the mortgage expiry for the last two months and it doesn't seem to be moving it along any quicker.

Apparently the only thing that we are waiting for from one on the onward purchases is a 'Deed of variation' I have no idea what this means and when i ask my conveyancer they just say its nothing to worry about.

You have 8 weeks still and there's only one thing outstanding I think you are worrying over nothing.

CGG wrote: »

I'd be a bit wary of phoning a solicitor every day, you may find your bill escalating...

Check what your conveyancers fee covers, my solicitor was a fixed price and included as many calls as I wanted.

Mortgage_Mark_2

Did you use a mortgage broker? This is a good example of where the benefit lies...

Which mortgage lender are you using? Many will extend without too much trouble if your broker can go through their BDM?

MLKlouie

Mortgage_Mark wrote: »

Did you use a mortgage broker? This is a good example of where the benefit lies...

Which mortgage lender are you using? Many will extend without too much trouble if your broker can go through their BDM?

We got our mortgage with Nationwide, because they where helping with first time buyers with a save to buy scheme.
So im not sure if it makes any difference

MLKlouie

egoode wrote: »

You have 8 weeks still and there's only one thing outstanding I think you are worrying over nothing.
.

I may be worrying over nothing but we are first time buyers and do not know what is normal and whats not. We arent getting any feedback from our conveyancers either

Mortgage_Mark_2

MLKlouie wrote: »

We got our mortgage with Nationwide, because they where helping with first time buyers with a save to buy scheme.
So im not sure if it makes any difference

It would make a difference as your broker could chase things up with management at Nationwide however now it's down to you.

You need to speak to someone who knows how to get it extended ASAP. It may mean choosing a new product though.

kingstreet

Nationwide extention is no longer than two weeks.

Solicitor needs to submit CoT with completion date before offer expires and completion date can't be more than two weeks after that, as mentioned.

MLKlouie

Thank you for all of your advice it is much appreciated.

Fingers crossed it all goes smoothly

Mokka

The council has to give a response to whether they want to buy the property back within set time. They usually do not want to buy back.

The rules are:

'You can sell your home to anyone if the landlord doesn’t agree to buy it within 8 weeks.'

I think your vendor is telling you porkies.

Good luck.

Thrugelmir

MLKlouie wrote: »

Have been threatening with the mortgage expiry for the last two months and it doesn't seem to be moving it along any quicker.

Threatening with 4 months remaining is unlikely to have had any impact. To be honest if you've been chasing everyday for the past 2 months since then people will be getting to the point of being fed up. As property transactions do take time. Hence your solicitors laid back approach.

MLKlouie

Mokka wrote: »

The council has to give a response to whether they want to buy the property back within set time. They usually do not want to buy back.

The rules are:

'You can sell your home to anyone if the landlord doesn’t agree to buy it within 8 weeks.'

I think your vendor is telling you porkies.

Good luck.

This is exactly what me and my partner think. Too much is going on. According to the agents last friday they was looking to complete this coming friday the 15th. Now this morning, i had an email from my conveyancer saying that the vendors are not looking to complete this week anymore because they have more enquiries to be followed up.

This is becoming a joke now, im being fed false information every other day. I dont know what to do or who to believe.