Aldermore - Process

CLJ2986

JMcc123 said:

CLJ2986 said:

JMcc123 said:

Update - vendor got back to EA, thank goodness, she's hopeful for same dates as us x

Amazing news! I had a call from my mortgage broker yesterday, my heart stopped thinking she was gonna say the mortgage company had made a mistake or something 🤣 it was about out life insurance quotes lol

🤣🤣🤣 yeah my broker has sorted my buildings and contents and life insurance for me, I'll look around more for competitive prices next year, at the moment it's just another tick and a couple less things to worry about it! X

I didn't think to ask about the building insurance. Is it terrible just to use my bank cause they are giving away a free coffee maker with every insurance purchase??? 🤣🤣🤣🤣🤣

JMcc123

CLJ2986 said:

JMcc123 said:

CLJ2986 said:

JMcc123 said:

Update - vendor got back to EA, thank goodness, she's hopeful for same dates as us x

Amazing news! I had a call from my mortgage broker yesterday, my heart stopped thinking she was gonna say the mortgage company had made a mistake or something 🤣 it was about out life insurance quotes lol

🤣🤣🤣 yeah my broker has sorted my buildings and contents and life insurance for me, I'll look around more for competitive prices next year, at the moment it's just another tick and a couple less things to worry about it! X

I didn't think to ask about the building insurance. Is it terrible just to use my bank cause they are giving away a free coffee maker with every insurance purchase??? 🤣🤣🤣🤣🤣

No I'd do the exact same 🤣🤣🤣 a great addition for your new kitchen 💁‍♀️ x

CLJ2986

I'm a bit confused on the subsidence things though, the natwest quote asked if we were aware of any risks and there's an advisory on our searches so not sure its as straightforward 😳

JMcc123

Oh yeah, I didnt think of that actually! There must be a thread on here you can ask?
I've had another update from the solicitors this morning saying they're still waiting for some enquiries to come back from the vendors solicitors.
Also decided we are definitely leaving here by 26th June, worst case my stuff can go into storage and we can stay ar my mums, I just can't justify another months rent 🤦‍♀️ x

CLJ2986

I'll ring natwest to check when we get closer I think. I'd rather do it online though cause free coffee maker 🤣 I'm handing in our rental on 14th June, assuming we've set completion dates! Mortgage offer has 2 months on it so solicitor really needs to get going. My emails have gone unanswered 😳 at least you know you have an end date for your current place though, yay! 

rcars712

Hey all!
Id like some advice info based on the Aldermore process....
We are FTB and currently renting buying an empty house so there is NO CHAIN, we have handed in our notice and out by month end!
Here is our Aldermore Process:

• 9th April - Mortgage Application
• 13th April - Valuation Instructed
• 20th April - Valuation Completed
• 22nd April - Aldermore called by partner to check furlough status and return to work
• 23rd April - Offer received

Now, we are hoping to complete THIS FRIDAY! We are awaiting one more local authority search to come back. My question is... How long do Aldermore take to release funds? Will they do any more checks before they do? I have read somewhere that they call you to discuss first payment and a general welcome to Aldermore call (post was from 2014 though). Ahh I am new to this so any information would be handy!!! Thanks!

CLJ2986

rcars712 said:

Hey all!
Id like some advice info based on the Aldermore process....
We are FTB and currently renting buying an empty house so there is NO CHAIN, we have handed in our notice and out by month end!
Here is our Aldermore Process:

• 9th April - Mortgage Application
• 13th April - Valuation Instructed
• 20th April - Valuation Completed
• 22nd April - Aldermore called by partner to check furlough status and return to work
• 23rd April - Offer received

Now, we are hoping to complete THIS FRIDAY! We are awaiting one more local authority search to come back. My question is... How long do Aldermore take to release funds? Will they do any more checks before they do? I have read somewhere that they call you to discuss first payment and a general welcome to Aldermore call (post was from 2014 though). Ahh I am new to this so any information would be handy!!! Thanks!

Wow that was quick for you! I'm still waiting on conveyancing so I can't tell you about the competition process I'm afraid, I don't think anyone on this thread has completed yet either, sorry! 

Brucema07

rcars712 said:

Hey all!
Id like some advice info based on the Aldermore process....
We are FTB and currently renting buying an empty house so there is NO CHAIN, we have handed in our notice and out by month end!
Here is our Aldermore Process:

• 9th April - Mortgage Application
• 13th April - Valuation Instructed
• 20th April - Valuation Completed
• 22nd April - Aldermore called by partner to check furlough status and return to work
• 23rd April - Offer received

Now, we are hoping to complete THIS FRIDAY! We are awaiting one more local authority search to come back. My question is... How long do Aldermore take to release funds? Will they do any more checks before they do? I have read somewhere that they call you to discuss first payment and a general welcome to Aldermore call (post was from 2014 though). Ahh I am new to this so any information would be handy!!! Thanks!

I'm in the same situation. My solicitor requested funds yesterday, and I received an email this morning that they needed one more thing before they released them, so think it would be pretty quick. If I get an update tomorrow I will you let you know

CLJ2986

Brucema07 said:

rcars712 said:

Hey all!
Id like some advice info based on the Aldermore process....
We are FTB and currently renting buying an empty house so there is NO CHAIN, we have handed in our notice and out by month end!
Here is our Aldermore Process:

• 9th April - Mortgage Application
• 13th April - Valuation Instructed
• 20th April - Valuation Completed
• 22nd April - Aldermore called by partner to check furlough status and return to work
• 23rd April - Offer received

Now, we are hoping to complete THIS FRIDAY! We are awaiting one more local authority search to come back. My question is... How long do Aldermore take to release funds? Will they do any more checks before they do? I have read somewhere that they call you to discuss first payment and a general welcome to Aldermore call (post was from 2014 though). Ahh I am new to this so any information would be handy!!! Thanks!

I'm in the same situation. My solicitor requested funds yesterday, and I received an email this morning that they needed one more thing before they released them, so think it would be pretty quick. If I get an update tomorrow I will you let you know

Oh what did they need? 

Brucema07

CLJ2986 said:

Brucema07 said:

rcars712 said:

Hey all!
Id like some advice info based on the Aldermore process....
We are FTB and currently renting buying an empty house so there is NO CHAIN, we have handed in our notice and out by month end!
Here is our Aldermore Process:

• 9th April - Mortgage Application
• 13th April - Valuation Instructed
• 20th April - Valuation Completed
• 22nd April - Aldermore called by partner to check furlough status and return to work
• 23rd April - Offer received

Now, we are hoping to complete THIS FRIDAY! We are awaiting one more local authority search to come back. My question is... How long do Aldermore take to release funds? Will they do any more checks before they do? I have read somewhere that they call you to discuss first payment and a general welcome to Aldermore call (post was from 2014 though). Ahh I am new to this so any information would be handy!!! Thanks!

I'm in the same situation. My solicitor requested funds yesterday, and I received an email this morning that they needed one more thing before they released them, so think it would be pretty quick. If I get an update tomorrow I will you let you know

Oh what did they need? 

Proof of gifted deposit - which I think the solicitor should have sent a while back, but I'm being calm about it and it got sorted! Still on for completion on 24th x