what happens now?

Nikkita

Hi,

I'm looking for a bit of advice, me and my husband are first time buyers so not sure what to expect etc.

On good Friday me and my husband had our offer accepted on a house, we then appointed our solicitor and informed our mortgage broker and got the ball rolling the week after Easter.

Last Tues (18/4) i paid the fee for the searches etc, on weds (19/4) we took our ID into our solicitors etc, on Friday (20/4) I appointed our surveyor for the home buyers report and i rung our solicitors to check everything was going through ok, they advised they are just waiting for the sellers solicitors to send over the draft contracts and once they have received this it will be approx 6-8 weeks until completion all being well.

We are currently private renting and have to give at least 2 months notice to end our tenancy, we ideally want a 2-3 week overlap so we can get the new house cleaned / decorated if we can and get the rented house clear of all our furniture and clean it / get it ready to hand the keys back etc.

We are not sure when we need to give our notice in, our landlord has advised they will work with us during our notice period so we are not homeless but don't want to mess them around etc.

G_M

Do NOT give notice till you have Exchanged Contracts on your new home. It might get delayed, or fall through.

For house buying, free from your library:

https://www.amazon.co.uk/How-Buy-House-Phil-Spencer-x/dp/0718147340/ref=sr_1_1?ie=UTF8&qid=1493589405&sr=8-1&keywords=how+to+buy+house

https://www.amazon.co.uk/d/Books/How-Buy-House-Amy-Nicholas/150858088X/ref=sr_1_4?ie=UTF8&qid=1493589405&sr=8-4&keywords=how+to+buy+house

or similar

Cakeguts

6 to 8 weeks to completion may not happen. The last house we bought took 5 months. We were cash buyers and the house we were buying was vacant the seller had moved out so no furniture either. The hold up was due to something that came up in the searches that took a while to sort out. So you just can't tell.

Follow the advice of GM and do not give notice until you have exchanged contracts as it could all fall apart anytime before then and you could end up not buying the house.

hazyjo

Cakeguts wrote: »

6 to 8 weeks to completion may not happen. The last house we bought took 5 months. We were cash buyers and the house we were buying was vacant the seller had moved out so no furniture either. The hold up was due to something that came up in the searches that took a while to sort out. So you just can't tell.

Follow the advice of GM and do not give notice until you have exchanged contracts as it could all fall apart anytime before then and you could end up not buying the house.

Same with me - and we'd lost at least two houses before that and my chain had eventually fallen apart one or twice. There were broken links all over the place on and off. Eventually we gave up - but the next one did take 5 months to complete, despite us aiming to exchange within 3 weeks (we were pretty much ready).