Precise mortgages.

obay

So,

Today just got my DIP through for the amount we wanted, we're going to view the house tomorrow and make an offer.

The broker we spoke to was pleasant and very friendly, I'm very new to all this and not too sure about how to find what 'tier' I am on but all seems very good now, hoping for the offer to be accepted and we can get a move on with everything from there!

how long from DIP to completion should i intend to wait? I've heard that precise mortgages are very picky but to have a DIP is a good start..

the idea of just getting the mortgage would be to just remortgage within the next two years, so we have a decent build up and not waiting for my default to knock off!

sheff6107

You're best off here: http://forums.moneysavingexpert.com/forumdisplay.php?s=&daysprune=&f=15

obay

sheff6107 wrote: »

You're best off here: http://forums.moneysavingexpert.com/forumdisplay.php?s=&daysprune=&f=15

sorry how do i get it moved.

obay

So just an update to this is that we've now gone and got our offer accepted and we're going to start moving on it on Monday!

Hopefully this doesn't take too long!!

G_M

Completion could be week away.

Or it could be 6 months or so.

obay

Quick question, who pays the stamp and how do we pay if we need to?

kinger101

obay wrote: »

Quick question, who pays the stamp and how do we pay if we need to?

You pay this, though the solicitor will probably complete the return on your behalf. It's likely they'll want the money just before completion. Your lenders will want them to check you can actually pay it.

AdrianC

All a Decision in Principle means is that the lender doesn't have any outright objections to lending you £x, assuming they find the property acceptable. Since you've not even had an offer accepted on a property, you're a LONG way off exchanging contracts - which is the stage that the completion date is set at.

obay

AdrianC wrote: »

All a Decision in Principle means is that the lender doesn't have any outright objections to lending you £x, assuming they find the property acceptable. Since you've not even had an offer accepted on a property, you're a LONG way off exchanging contracts - which is the stage that the completion date is set at.

We have had the offer accepted. Just wondering how do we pay the stamp that was all. In installments or a lump?

AdrianC

obay wrote: »

We have had the offer accepted.

Good news.

Just wondering how do we pay the stamp that was all. In installments or a lump?

You're a long way from that stage - but, yes, it's all due in one lump just after completion, although your solicitor and lender will want proof that you will have it available, probably by you paying it to your solicitor before completion. You've got a lot of other spending to do between now and then, together with a lot of waiting - and that assumes everything goes smoothly.

We're now in early August... At the moment, just work on the basis that you'll be in the place before Christmas. Probably...

obay

AdrianC wrote: »

Good news.



You're a long way from that stage - but, yes, it's all due in one lump just after completion, although your solicitor and lender will want proof that you will have it available, probably by you paying it to your solicitor before completion. You've got a lot of other spending to do between now and then, together with a lot of waiting - and that assumes everything goes smoothly.

We're now in early August... At the moment, just work on the basis that you'll be in the place before Christmas. Probably...

It's cool I was working on the assumption that we would be in before march next year!

Thank so for that, plenty of time anyways..

I hope we are able to get all sorted with this, dont precise do help to buy?