Order of events post offer acceptance

imran22

Hello members

I have my offer accepted on the house but I am struggling with the order in which I should arrange things. First of all the estate agent for some reason has not issued the letter of acceptance despite me asking for it few times.

Is the following order correct?

Obtain Mortgage in Principle
Make full mortgage application
Lender's own survey
Wait for mortgage approval
My private survey
Engage Solicitor

My justification of this order is to avoid losing too much money if sale falls through. I am not in a chain and Vendor is chain free as well.

G_M

Depends why you think the sale might fall through.

For example, if it fell through as a result of some legal issue, you would not find out till you'd paid for the mortgage application, and the survey!

There is no 'right' order, nad doing everything sequentially will considerably slow the process down - possibly resulting in a peed off seller who gives upwaiting......

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Seanymph

The first thing we did was tell the estate agent our solicitor, the buyers did the same and the estate agent sent both paperwork, that was the day we accepted the offer.

We are a week and two days in now, we have filled in terms of engagement forms, and fixtures and fittings, and sent to our solicitor money laundering proof, building planning permissions and building control certificates.

The purchaser had the mortgage valuation yesterday.

Draft contracts were sent from our solicitor to theirs last week, and I understand once they get those they have initiate searches.

I think you start with solicitors, and the rest falls in from there.

Perhaps you estate agent hasn't issued paperwork because they are waiting for you to do that?

HouseBuyer77

You'll need to engage a solicitor now. Strictly you don't need to right now but if I was your vendor and you refused to at this point large alarm bells would be ringing and the house would be back on the market.

Also note that your mortgage lender will require your solicitor is on their panel. So it's unlikely you'll be able to complete a mortgage application without one.

If you're worried about wasted money find a solicitor that won't charge if the purchase falls through (though beware that this won't be unconditional, if you pull out because you change your mind I imagine they'd still charge for excample).

student100

EAs for both our sale and purchase wouldn't issue the memorandum of sale until both solicitor's details were available. So engaging solicitors comes first after offer (or even before offer).

arbrighton

Not having an agreement in principle is probably another reason for not having the memo of sale- they do not know if you are in fact proceedable as yet

HouseBuyer77

Not having an agreement in principle is probably another reason for not having the memo of sale- they do not know if you are in fact proceedable as yet

If OP hasn't got an agreement in principle yet then they should skip that step now they have an accepted offer and go straight to mortgage application.

wjr4

We done the AIP & full mortgage application, instructed solicitor and booked surveyor all within a few days. Now everything is complete apart from the solicitor..