We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Close to exchange/completion
Comments
-
I'm really confused. Why does "the vendor at the top of the chain" need a mortgage offer?0
-
They are purchasing a new build from developer. I'm a FTB so not sure of the whole process, but I know they are also using the HTB scheme for the purchase.ThePants999 said:I'm really confused. Why does "the vendor at the top of the chain" need a mortgage offer?0 -
They're not at the top of the chain, then. You have a chain of 4, with the developer at the top.2
-
👍 As I say, first time in the game.ThePants999 said:They're not at the top of the chain, then. You have a chain of 4, with the developer at the top.
Just received information from the estate agent. Developer have escalated the HTB application that everyone is waiting for. Hoping to hear early next week if March completion is feasible!0 -
We are getting ATPs today from BPHA (Midlands & London) from submissions on 12 February. They remain a month behind. Radian (South) are two weeks behind. Only Plus Dane in the North are up to date.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.1
-
Thanks for the reply. Will see what comes of next week!kingstreet said:We are getting ATPs today from BPHA (Midlands & London) from submissions on 12 February. They remain a month behind. Radian (South) are two weeks behind. Only Plus Dane in the North are up to date.0 -
Bit of an update.
Had an e-mail from my solicitor last week to advise the HTB details had been received etc.
They have advised that we proceed cautiously and not rush, due to concerns that we may not be able to actually complete if we do exchange (given the COVID situation).
I have tried to get another update from her today, as I'm thinking Taylor Wimpey at the top of the chain will be pushing like mad to try and get the chain completed ASAP?0 -
And as expected - received an e-mail from my solicitor this morning.
All on hold at present as Taylor Wimpey are not carrying out any further completions because of the current situation.
Fun and games!1 -
So some changes since the last post.
8th April - Received e-mail from solicitor to advise exchange/completion date being suggested as 24th April.
9th April - Another e-mail from solicitor to advise that my vendor is not happy to proceed until lockdown is lifted. On hold for now.
14th April - Agent called to advise he is trying to push the chain along, but no luck.
So we're now at today where my position has changed slightly. I'm currently staying with my parents until the purchase goes through, and there is some serious talk at work that there are looking at deploying us back into clinics in mid-May. Now my parents are both classed as at risk of COVID, and do not feel comfortable with me heading into work and then coming back into their house (fairly understandable!).
I'm in the process of compiling an e-mail to both my solicitor/agent to advise of the situation, but it's difficult to know how much pressure to put on my vendor to try and get a date at least. I know the vendor above them along with Taylor Wimpey at the top of the chain were pushing for completion, but it's a difficult one! My solicitor has advised to exchange/complete on the same day for any unforeseen issues with COVID etc.
Just any advice or guidance would be appreciated!0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards