Buying / Selling Legal process - are we doing ok ?

otter1_2

An update on our position, exactly three weeks on from our offer being accepted.

Valuation was carried out last Monday. Mortgage broker rang yesterday to say lender had agreed mortgage and offer document is in the post, should arrive any day now.

Documentation I was awaiting on 6th Feb was sent to wrong address (different street number) due to typo by solicitor. Have only got clarification on this today and fresh docs will be sent. Meanwhile I will go to wrong address tonight to see if they have thrown them out or still have them for me.

Local searches are complete and solicitor has information from management company.

We are now waiting for the SPIF and the formal mortgage offer.

How are you others getting on?

dweeby

otter1 wrote: »

How are you others getting on?

Hi otter1, sounds like yours is going swimmingly, well done!

MadMonkey and I have exchanged messages, and we both have (different) issues. I'll let MadMonkey respond about hers.

My issues are just that my mortgage application is through First Direct. We moved into rented in December (so changed address), and my wife just returned from maternity leave (so wage-slips are for a small amount). It's just taking FD ages to first of all assess our application, then to raise queries and review the info we return. I'm (95%) confident that we'll be progressing much better by mon/tues next week, but don't hold your breath...

And this is with the shortest chain imaginable (us in rented, our seller moving into an empty house)! Ho-hum...

Kelinik

Can I join the group please, just had offers accepted Wed, theres a FTB purchasing ours and the one we are buying is end of chain so I'm hoping *crosses everything* things will go a lot more smoothly than when we bought this place!!

MadMonkey

Well we were doing ok:rolleyes:


Our buyers buyers have had a homebuyers survey done and the surveyor has identified a "bouncy floor" - he has no ideawhat is causing it and there is a structural engineer going in on Monday.

This has added some major stress to the chain :T

So now we all await Monday's outcome.

Everything else is going according to plan and contracts are nearing the point where tey can be exchanged it is just this bouncy floor holding things up as no-one knows what it is.

Fingers crossed it is something simple:D

If not I may be posting a rather drunken message on Monday night:p

otter1_2

MadMonkey,

God yes I saw your bouncy floor thread! Let's hope it's a storm in a teacup - my m-i-l was somewhat scathing about surveyors and said they spent so long trying to protect their back against professional negligence claims that they either refuse to comment on things that they are unsure about (preferring to say 'didn't check') or they scare buyers.

dweeby,

I have been browsing the mortgage forum and see that there is quite a backlog at First Direct, but that they have just pulled some of their more popular offers, earlier this week. Hopefully that will mean they start to catch up with applications and yours goes through soon.

Kelinik,

Welcome and good luck!

otter1_2

dweeby,

Also, going back to your earlier post, I think you have it correct regarding the mortgage process. My broker seemed to think that the only thing I needed to do now that the offer was on its way was to hand it over to my solicitor once it arrived.

Has your lender carried out the valuation yet, do you know?

Jack_Frost_2

Hi all again!
I still seem to be doing ok. Valuation done. My buyers have their mortgage application accepted. Searches have been done. So waiting for solicitor to call next week. I have already been receiving post addressed to my buyers!

Some people who viewed my house but put offer in for one similar 2 weeks before I got an offer have just moved in to their house, so took around 5 weeks!! So hopefully not to long to go!

whirlwind

That's interesting you started your searches before you had your valuation survey, or your own survey (if you were getting two).
Our solicitor would not start the searches until we had the survey. He then also delayed them because we wanted to negociate on the price after the survey.
Does anyone know if this is normal, for a solicitor not to start the searches straight away?

Thanks

MadMonkey

whirlwind wrote: »

That's interesting you started your searches before you had your valuation survey, or your own survey (if you were getting two).
Our solicitor would not start the searches until we had the survey. He then also delayed them because we wanted to negociate on the price after the survey.
Does anyone know if this is normal, for a solicitor not to start the searches straight away?

Thanks

Our solicitor started searches as soon as we instructed him - before we had the formal morgage offer or survey done.

whirlwind

I instructed ours several times and he kept holding off putting them in, that's obviously not normal then...

Thank you