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FTB - Offer accepted, help!
dippingduck
Posts: 3 Newbie
Hi,
The good news, me and my partner have had an offer accepted on a property we love!
However, what is now confusing me is that the sellers are yet to find a property themselves, not an issue itself to us as we don’t mind waiting. We are however a little unsure as to what action to take currently. I feel a little uncomfortable instructing a solicitor and arranging a mortgage knowing the seller is still looking. Is it unreasonable to wait until they have found somewhere to begin all of the other processes?
The good news, me and my partner have had an offer accepted on a property we love!
However, what is now confusing me is that the sellers are yet to find a property themselves, not an issue itself to us as we don’t mind waiting. We are however a little unsure as to what action to take currently. I feel a little uncomfortable instructing a solicitor and arranging a mortgage knowing the seller is still looking. Is it unreasonable to wait until they have found somewhere to begin all of the other processes?
Any advice would be much appreciated.
0
Comments
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You do have an offer in principle for the mortgage you need?1
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Yeah we have an offer in principle, which we have given to the estate agent once the offer was accepted as proof we have the funds required to fulfil ill our offer.0
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If I were you I would instruct a solicitor, the estate agents will be asking you to confirm which firm you are using shortly in order to draw up the memorandum of sale. You don't need to push the solicitor to act quickly at this stage but you could at least complete the basic paperwork and do the ID checks so that you are ready to go when the people you are buying from have found a place.
- Original mortgage end date: March 2041
- Current mortgage end date: Dec 2032
- MFW 2026 #15 573.30/2000 /// MFW 2025 #15 1628.00/ £2,400 /// MFW 2024 #15 £1,608.85/ £2500 /// MFW 2023 #15 £8,617.84/ £10,000 /// 2022 #15 £7,315.24/ £7250 /// MFW 2021 #15 £8,530.07/ £8500
- Daily interest is currently £3.48
1 -
Probably best to sit tight for now until your seller finds somewhere and is ready to proceed. You can get a solicitor lined up ready to go.
Good luck with your new home purchase.1
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