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FTB - offering on property in a chain
Catkei
Posts: 40 Forumite
Hello! Just in need of a little advice. I've looked at house buying guides about the process in general, but I was wondering what your opinions are about when to start applying for a mortgage and engaging a conveyancer/soliciter when having an offer accepted by a seller that hasn't yet found a property? I don't want to incur lots of fees for a chain that isn't complete, but don't want to seem like I'm not committed either. We do have a DIP.
Many thanks
Many thanks
0
Comments
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Don't spend anything until the chain is complete.
At most, give the name of a solicitor. Then tell that solicitor to do nothing until they're told otherwise.
Don't apply for the mortgage yet. Mortgage offers have an expiry date."Real knowledge is to know the extent of one's ignorance" - Confucius0 -
Thank you for your reply. That does confirm what I was thinking! Most guides read a bit too much like : "make offer then run as fast as you can to the bank".0
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