Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • PhilNewcastle
    • By PhilNewcastle 14th Mar 17, 8:38 PM
    • 1Posts
    • 0Thanks
    FTB Freehold advice
    • #1
    • 14th Mar 17, 8:38 PM
    FTB Freehold advice 14th Mar 17 at 8:38 PM
    Im currently in the position of purchasing a home, I have full the application done with mortgage company and offered however the house we are buying is a lease hold, the vendor is buying the land and selling as a freehold as there is not enough time left on the lease. I have been waiting over 2 months since putting an offer in on the house and the vendor side of the land buying has not yet been completed. The mortgage we have is only valid for 70 days so haven't got forever to wait. Question is - Can we do all our ground checks etc before the house is a free hold and what else needs to be done from my side. I'm yet to get a solicitor as I don't know how long we are going to be waiting.. But i want to know what i can get done now? and what are steps before completion? Ive never done this before and am sightly confused
Page 1
    • Whoknowskt89
    • By Whoknowskt89 14th Mar 17, 9:17 PM
    • 262 Posts
    • 623 Thanks
    • #2
    • 14th Mar 17, 9:17 PM
    • #2
    • 14th Mar 17, 9:17 PM
    Can't help with most of that but you should be able to get the offer extended if required by contacting the lender so you wouldn't have just 70 days to sort.
    August 2017 9510/11,150 savings aim for EF and moving (by Jan 2018)
    Mortgage 67 483 Emergency fund 1500 Moving fund 8010 Treats account 648 Doing up flat 1050
    Christmas 2017 120/160
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,634Posts Today

7,452Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line?

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin