We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
First time buyer help....not sure of which way round it all goes...
Options
Comments
-
Having tried (and failed) to buy many, many houses (as well as successfully buying a fair few) I prefer to do the survey as the first thing. That way, if the house is a real lemon, I haven't wasted any money on solicitor or mortgage arrangement fees. A survey can be arranged and you have the document in 10 days to 3 weeks, so isn't really holding anything up, and prevents everyone thinking things are going forward when they aren't.0
-
You can generally add arrangement fee to mortgage, thereby not paying up front.Rambosmum said:Having tried (and failed) to buy many, many houses (as well as successfully buying a fair few) I prefer to do the survey as the first thing. That way, if the house is a real lemon, I haven't wasted any money on solicitor or mortgage arrangement fees. A survey can be arranged and you have the document in 10 days to 3 weeks, so isn't really holding anything up, and prevents everyone thinking things are going forward when they aren't.
If you use a no completion no fee solicitor can avoid costs there also.
Putting off applying for a mortgage definitely can hold things up.0 -
But no fee, no completion solicitors generally cost more overall. And are often linked with conveyancing power houses which can often be slower.grumiofoundation said:
You can generally add arrangement fee to mortgage, thereby not paying up front.Rambosmum said:Having tried (and failed) to buy many, many houses (as well as successfully buying a fair few) I prefer to do the survey as the first thing. That way, if the house is a real lemon, I haven't wasted any money on solicitor or mortgage arrangement fees. A survey can be arranged and you have the document in 10 days to 3 weeks, so isn't really holding anything up, and prevents everyone thinking things are going forward when they aren't.
If you use a no completion no fee solicitor can avoid costs there also.
Putting off applying for a mortgage definitely can hold things up.
Pluses and minuses to each approach.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards