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when to instruct solictor

peppapig14
Posts: 266 Forumite

we have had an offer accepted on property, awaiting outcome of full mortgage application with nationwide ( sent in additional documents and valution on 20/02 )
we have registered with solicitors and they have requested £450 to begin searches- should pay this now , or wait untill early next week when hopefully we will have a mortgage offer in writing?
we have registered with solicitors and they have requested £450 to begin searches- should pay this now , or wait untill early next week when hopefully we will have a mortgage offer in writing?
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Comments
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Solictor will require cleared funds to commence work. They won't commence actual work until you instruct them to. Normally the formal mortgage offer is the trigger.0
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As FTB we waited until the formal mortgage offer to pay up for searches. This time as we’ve had some dragging by the mortgage (but are confident it’ll be okay unless the house is worthless) I paid up when we approved subject to valuation, as I was worried about delaying both sides of our sale.0
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Just tell them you don't want them to do anything yet, you are waiting on the mortgage offer and when that is through, providing it's ok/no issues, then you will pay and tell them to start the conveyancing.
You don't want to spend money now to find out it needs a load or work, or isn't valued at what you have offered.Mortgage started 2020, aiming to clear 31/12/2029.0 -
We are paying for searches before the mortgage application as we are just about there on the application: I don’t suspect any issues with the mortgage application as the amount we want is half of the maximum they would offer on the aipMortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £58,108
Cc around 8k.0
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