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In the Meantime

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  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad you are feeling better. On the patio door - mine was a basic slider which was £1.6K - if that helps.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
    (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £4.8K updated 29/7/25
  • Glad you are feeling more settled and things are becoming clearer. 

    I didn’t have the drains survey either 
    0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
    House sale OCT 2022 = NOW MORTGAGE FREE 🤗
    House purchase completed FEB 2023 🥳🍾 Left work. 🤗

    Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).

    Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1

    Living off savings diary
    https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p1
  • jwil
    jwil Posts: 22,186 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad you are feeling more settled now.
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • MovingForwards
    MovingForwards Posts: 17,154 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Not many people would have a drainage survey. Main things are, is it all connected to the main drains (shows up in water survey) and does water come out of taps and go down the plug without springing leaks while on the way to the drains.

    The reports would be so much better if the surveyor said they're not qualified in (elecs) and recommend getting (an electrician report). That would cut out a lot of stress for people, especially FTB.

    Everything is heading in the right direction.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • I had the electrical check carried out after I bought my flat. I was following a list of recommendations for new home owners. 
    The electrician had a specific form for it. 
  • doingitanyway
    doingitanyway Posts: 10,116 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
    Thank you @Skint_yet_Again @jwil @savingholmes :)

    Thank you @WelshmansDaughter (good point about electrical checks after... :) 

    Thank you @MovingForwards good point about drains I will get someone else to turn on taps and drain away bathwater to see what happens when they exit the building! I'm going to do a final check prior to EOC so if anything else springs to mind please let me know :) 
    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 800/1000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • doingitanyway
    doingitanyway Posts: 10,116 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
    So, the nerves are back a little. Part of the process I guess..

    Two of the searches are back ok. Waiting for a final one, due next week

    Today I went through the survey report and divided up the actions needed now.

    There are repairs identified to the back of the property, a pipe pulled away from the wall and guttering broken (both suggested immediate action by surveyor) There is also a window leak at the front of the house. The bath is not bolted to the floor and that will result in movement.

    There are other issues that will come up in the near future that I can attend to.

    For the repairs the report says get quotes, but then do I ask the solicitor to get the other side to address these?

    There is rubbish at the back door. Looks like builders stuff. Wondering whether to ask the estate agent to get the vendor to remove or go through the solicitor.

    I was going to ask the estate agent to ask the vendors to confirm if there are other stop cocks/isolators elsewhere in the house too...

    Any suggestions? 

    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 800/1000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • Skint_yet_Again
    Skint_yet_Again Posts: 8,517 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Mortgage-free Glee!
    You are doing really well dia. 

    All rubbish should be removed on completion. Maybe point it out to EA especially if vendor doesn’t live there. For repairs I got people in for quotes before exchange & got the vendor to reduce purchase price accordingly via EA, so I think it’s up to you whether you want the work done before you exchange. 

    Worth asking about the stopcock via EA. I didn’t have one inside my old property & had to turn off in the street but that wouldn’t be a deal breaker for me. There may be isolator valves on taps/washing machine inlet & worth asking at same time. 
    0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
    House sale OCT 2022 = NOW MORTGAGE FREE 🤗
    House purchase completed FEB 2023 🥳🍾 Left work. 🤗

    Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).

    Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1

    Living off savings diary
    https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p1
  • redofromstart
    redofromstart Posts: 5,886 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    I only ever got the solicitor to deal with anything legal (it really depends if you are on a fixed price quote or 6 minute dings for every interaction) and I made the estate agent work for their fees otherwise.  'Prior to exchange I will want to have a final inspection of the property and will not be able to proceed if 'the rubbish is still there/etc'

    urgent works are a bit different, something politely worded via the estate agent to say that the survey has identified three points that require immediate action, and that they must be completed before exchange? The risk is they say 'No, we allowed for this in our pricing, and when we accepted your offer below asking',  but that is the same via your solicitor. We took an offer on our last house but made it very very clear there would be no negotiating if the survey identified anything minor and we would have let the chain collapse before we had moved any further. 
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