Mortgage offer and survey - what next?

LillyJ

Hi everyone

We had our offer accepted on a house about 3 weeks ago.
We have had the survey carried out, which has come back fine, and got our formal mortgage offer.
What happens next?
We are FTBs so not sure what the steps are.

We have an AST that ends at the end of June, so cannot complete until then. However we have flexibility after that date (we can stay there on a weekly basis until we move as new tenants not moving in until September)

The solicitor has received the details of the house, but I am not sure if they have started doing anything yet, and I don't know about the chain above us (getting passed from pillar to post around the estate agent's various offices - our EA left half way through us putting in offers so I think there was an argument over commission)

Do I need to contact my solicitor or anything? It's all so complicated!

brummybloke

i doubt anything has changed since i got my house, the solicitor will drag their heels, their getting their money whether they are efficient or useless.

call every 3 days, that should keep them on their toes.

my house nearly wasnt thanks to idiot lazy solicitors, i since changed to reasonable ones.

good luck anyway, just keep prodding all parties, hopefully with todays news of 50 billion offered to banks will make the chain go smoother.

LillyJ

Thanks, I am not really in a big rush, so as long as it is before September 1st as that is when we would become homeless! The solicitor is a personal recommendation and they specialise in conveyancing for police officers (which my boyfriend is) so we hope they aren't too bad. (not too sure why policemen need special conveyancing but they offered us a nice discount anyway!)

I do think that FTBs are the weakest link at the moment, and we are sorted as far as mortgage goes. Hopefully the chain isn't too long above us, but it could be! (I know it isn't indicative of much but we are hoping we are missing a few links in the chain by buying a family semi rather than the typical FTB flat.)

So should the solicitor have already started to do something? And what happens if I bug everyone too much and they want us to complete before our AST runs out??!

brummybloke

my house was slightly different, it was a repo, the person was given the house by his parents and only had to pay a mortgage of £150 per month on it yet rented out rooms an kept all the money...idiot.

i had to practically force my solicitor into doing the searches ( mining was one of them), they hadnt done them and only when i told him to get his back side down to the land registry office to get them , were they sorted.

it depends really on the completion date, if you have a fixed fee with your solicitors already agreed and you are stuck with them even if things go t1ts up then you may aswell get them to do all the seaches now, they need to review the deeds, sort out contracts and things like that , which you have to review and agree with.

if you pay solicitor only for work carried out ( just incase things go horribly wrong), it may be best to delay most of the stuff that can be done quickly, just incase there is some horrid break in the chain. that way you wont have to pay too much to the solicitor for work done.