FtB woes!!

MultiFuelBurner

Sadly this appears to have gone off track with users critiquing the potential purchase.

The OP asked 

conditions like moving in asap

You may have to reword this to as fast at the chain allows but advise you are keen for things to move as fast as possible

house being taken off market

Yes, once you have been qualified as a genuine buyer who can afford it the estate agents can be asked to stop all viewings and STC on the board and listings.

tank isn't empty on completion

Normally this is either given free by sellers(what's left) or charged for at what they paid for it.

If you want it full expect a bill for this.

I wouldn't demand this off the bat but query it during the process.

I would however ask them to confirm the boiler and tank.are all working and when the oil boiler was last serviced.through your solicitors.

TBG01

BobT36 said:

dimbo61 said:

So Your ready ?
AIP
DIP 
Deposit in the bank
Solicitors appointed and ready to do searches ?
Checks done on you ! Passport etc
Surveyor ready 

Last time I bought a house we made the offer on Monday 9am and had survey done on Thursday 

Mortgage companies tell FTBs VERY strictly to not engage solicitors or surveyors until you have the OK to do so from them, (probably when they've done THEIR evaluation and approved the mortgage etc). 

Well that simply isn't true and why would it seemingly only apply to a FTB?

propertyrental

MultiFuelBurner said:

I wouldn't demand this off the bat but query it during the process.

I would however ask them to confirm the boiler and tank.are all working and when the oil boiler was last serviced.through your solicitors.

Indeed though this is no different to a gas boiler. And if a service report isn't available within last 12-18 months and/or you have concerns, get your own OFTEC inspection done.

Just as you would with gas.

babyblade41

Firstly make sure your legal team are good, none of the factory ones advertised on line that you can't go and plonk yourself outside their offices when you need to speak to someone,

Everyone wants to move ASAP, but due diligence has to be followed so look at about 4-6 months timeline as an average .

Try not to invest too much emotionally in "The one" as many fail to complete for one reason or another so try & look at it as a godsend & it wasn't meant to be & something better is just around the corner 

As long as you have all your ducks in a row then that will help, don't spend anything on searches etc until a chain is complete , engage in some local solicitor that has been recommended & ask if they will act for you when the chain is ready and to keep your details on file 

Re: Oil left, this is something that is done right near the very end as it's impossible to tell how much fuel is left , this could go well into colder months so what is there now might be very different near exchange .

My house one before last I  bought enough for the buyers to get them through a couple of weeks as a good will gesture, but not everyone is the same, you can ask but they might not, just get them to leave the details of their supplier or  open an account with boiler juice 

markin

I presume my post was removed because i posted google map and a listing to a house the op has already revealed and is still showing?

The is a cheaper 5 bed with better parking and garden just 5 miles away.

NameUnavailable

Not sure about FTB woes, more like FTB unreasonable demands!

The only reasonable request is that the property is taken off the market if they accept your offer. Moving 'asap' is simply not in anyone's control at this point - once the chain is complete then the various surveys/reports need to be undertaken (along the chain) and any issues resolved/negotiated etc.

If you want a fast purchase and certain completion date then you will need to buy at auction.

GaleSF63

As soon as possible is meaningless. What if it isn't possible for one reason or another for months?

BobT36

TBG01 said:

BobT36 said:

dimbo61 said:

So Your ready ?
AIP
DIP 
Deposit in the bank
Solicitors appointed and ready to do searches ?
Checks done on you ! Passport etc
Surveyor ready 

Last time I bought a house we made the offer on Monday 9am and had survey done on Thursday 

Mortgage companies tell FTBs VERY strictly to not engage solicitors or surveyors until you have the OK to do so from them, (probably when they've done THEIR evaluation and approved the mortgage etc). 

Well that simply isn't true and why would it seemingly only apply to a FTB?

I didn't say ONLY to FTBs, just that's certainly (or at least what some) say. 
I don't think they're PREVENTING you going ahead, (as in would punish you if did so), but when discussing a MIP and getting some advice, they were absolutely clear not to do ANYTHING following acceptance of offer, until they (the mortgage company) had got back to us. 

Sounded to me that the process was offer (accepted), apply for mortgage, wait for mortgage company to do their valuation & checks etc, when mortgage company gives the go-ahead, engage solicitor / surveyors etc. 

I don't know whether this is a recent thing or not, but that's absolutely what we were told by the adviser. 

user1977

BobT36 said:

TBG01 said:

BobT36 said:

dimbo61 said:

So Your ready ?
AIP
DIP 
Deposit in the bank
Solicitors appointed and ready to do searches ?
Checks done on you ! Passport etc
Surveyor ready 

Last time I bought a house we made the offer on Monday 9am and had survey done on Thursday 

Mortgage companies tell FTBs VERY strictly to not engage solicitors or surveyors until you have the OK to do so from them, (probably when they've done THEIR evaluation and approved the mortgage etc). 

Well that simply isn't true and why would it seemingly only apply to a FTB?

I didn't say ONLY to FTBs, just that's certainly (or at least what some) say. 
I don't think they're PREVENTING you going ahead, (as in would punish you if did so), but when discussing a MIP and getting some advice, they were absolutely clear not to do ANYTHING following acceptance of offer, until they (the mortgage company) had got back to us. 

Sounded to me that the process was offer (accepted), apply for mortgage, wait for mortgage company to do their valuation & checks etc, when mortgage company gives the go-ahead, engage solicitor / surveyors etc. 

I don't know whether this is a recent thing or not, but that's absolutely what we were told by the adviser. 

Adviser. It's just advice. You are free to do something else if you want. And others may give you different advice. It's not "very strict".

BobT36

Very strict as in it was DO NOT do this. Yes that was still just "advice" and there was no threat of any punishment if we did go ahead anyway, but they still were VERY clear on that point. 

Regardless, that is my experience and I've seen others baffled on here when different FTBs have said they'd had the same words when getting a MIP. 

Standard practice must have changed since "the old days".