Vendor getting antsy.

Humandoing

Thing is it seems everything has to be done formally and officially (understandably) & the solicitor wouldn't be a good solicitor if s/he didn't do her job properly.

We had an issue where the loft conversion didn't have building regs approval which the solicitor needed to see. I didn't really mind, we were willing to go ahead anyway, but the solicitor still needed to do her job and ensure all was safe before she was reassured.

It's good , just stressful !

pathtofreedom

If you're going to have a gap like that between exchange and completion remember to get your buildings / contents insurance sorted to start that day as well. You don't want the house to be struck by lighting and still have to pay for it.

DandelionPatrol

Lionel_Thinkbag wrote: »

They said the searches came back today and they'd be reviewing our file on Tuesday but couldn't "offer assurances about our proposed timescale at this early stage" We instructed them 8 weeks ago!

I mean, this should be fairly straightforward, FTB and an empty house I'm struggling to think what could take so long. I just wish they could say provisionally that it was possible barring any unforseen circumstances.

I'm actually getting quite annoyed about the Estate Agent and the seller. When we put in the offer, we mentioned that our mortgage appointment was 2 weeks away and asked if that was ok they said it was fine. Then shortly prior to our mortgage appointment they wanted us to get our survey done which we did and they even mentioned that the seller wanted a 28 day completion ?!! Which they haven't said since, but keep saying they want a 'quick sale'

You might have instructed your solicitor 8 weeks ago, but you paid for your searches 2 weeks and 1 day ago.

If you are annoyed with the seller and the agent, they have probably 3 times as much justification to be annoyed at you. It looks like you have not taken on board what people are telling you.

Lionel_Thinkbag

Had we known we could pay for the searches earlier we would have. Our solicitor never advised us that this was an option, we were under the assumption that we had to wait for our mortgage offer.

When we instructed the solicitor we took all our ID and supporting documents in person - just to make things quicker. It took them until the 15th of Sept to confirm they had reviewed them - and then required some additional stuff which we took in person again.

We're really not trying to hold anything up. We're not experts at housebuying. I feel like the only thing we could have done better would be to go with a broker - but last time we did that, the recommended lender took ages and kept requesting documents we'd already submitted, and the seller took ages to fill out their forms - by which time the lender decided to withdraw their offer. Our lender has been a PITA for sure, but this was out of our hands, and every time we chased we kept getting fobbed off.

In any case, the EA/Seller initially were ok with us waiting to see our adviser, but to suddenly announce 28 day completion is ridiculous imo - especially as they knew we were FTB and renting.

class2ldn

We are sort of in the same boat.
FTBs and we are due to exchange this week. It's a probate sale so no hold up there end but suddenly they are going on holiday and need to complete by end of the month.
Not going to happen I don't think as we are already breaking our tenancy early by a month to end on 19th November but now they want to complete at the end of this month.
Financially it's not an option unless the estate agent agree to let us go even earlier as they already have someone ready to move in but if not the sellers will have to wait until mid November.
It's probably just a ploy by the estate agent to make us complete quicker well for us to pay our solicitor fees, a months rent on the 21st October and an early exit fee with our mortgage payment potentially coming out 14 days after they want to complete it's not likely.
We've got our bills coming out aswell for this flat at end of month and even with me getting paid this month it won't cover all that. We won't get our deposit back in time from the letting agents either so will have to see what happens.
I wouldn't be rushed into it. Theyve obviously paid out money and they will have to start again so I wouldn't worry to much OP

Rizla300

I'm amazed at number of people who make offer on house before seeing a mortgage adviser. I would always advise getting a mortgage in principle before even instead rusting solicitor/conveyancer.

Kynthia

Rizla300 wrote: »

I'm amazed at number of people who make offer on house before seeing a mortgage adviser. I would always advise getting a mortgage in principle before even instead rusting solicitor/conveyancer.

Often these aren't much use in speeding up a mortgage application. If rates are changing then there's a good chance you'll go with a different lender to who you got the AIP with. Even if you don't you'll often need to still provide paperwork, have the valuation, credit check, and the underwriters review your application. They are good for buyers to ensure they understand what their repayments would be at a certain level of borrowing and what deposit they require.

Rizla300

You need tom provide the paperwork to get an AIP and estate agents won't even let you make an offer now if you can't provide AIP now which is why AIP is important. If you have AIP valuation and underwriter review are only steps remaining in mortgage offer. We would have added another week to house buying process if we did not have an AIP but we would not have had offer accepted if we did not have AIP either!