deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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quote:
Originally posted by VegasPhil
Dodged a bullet there. Those shared ownerships are a complete pain in the arse.
Next!
Even if being transferred to 100% treetops at the time of sale?
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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So, bit of an update. Viewed the last possible house on Rightmove. Didn't like it, and sold today.
Got pretty downbeat, then my mate text. His neighbours currently rent but they are moving out end of May to a new build. The landlord, on a number of occasions, has offered the house to them. He is keen to sell.
Going round to look at this house this Saturday, with a view to making an offer to the landlord when the current tenants hand their notice in 
It is the same as my mates, which I love, and is well under our top budget but everything we want, bar it is on road parking and front door on path.
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Marc
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Registered: 11th Aug 02
Location: York
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quote:
Originally posted by deano87
everything we want, bar it is on road parking and front door on path.
Mine is like that, got to start somewhere!
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Graham88
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Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
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quote:
Originally posted by Ben G
Whats the rush? Ideally, I shouldn't have moved for at least another year and i'd have had a massive deposit and a bigger house. Hindsight is a wonderful thing.
You could have done that then decided to do it again for another year, and another year etc.
I say get out when you can 
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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Viewed the house today. Loved it. It is the one, and onky one we got that feeling.
Spoke to the tenants who are friends of friends. They will be getting a definite date from their home builder (buying new build) in a few weeks, then we can start talking to the landlord.
He has offered it a few times and they said quite lazy, so will be open to the easy life. Selling outside of agents should get him a few extra £k too.
Exciting stuff 
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Marc
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Registered: 11th Aug 02
Location: York
User status: Offline
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Pics?
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Non, as it isn't on the open market. When he bought it, it was a cannabis farm, so repossessed. Been extensively refurbished though.
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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To Let sign up. Landlord decided not to sell. Didn't get to speak to him.
Will either talk to letting/estate agents or send him a letter 
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Jay
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Registered: 26th Sep 04
Location: Liverpool
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quote:
Originally posted by deano87
To Let sign up. Landlord decided not to sell. Didn't get to speak to him.
Will either talk to letting/estate agents or send him a letter
Id defo try and speak to him he might want to sell it, go and knock and ask for his number
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by Jay
quote:
Originally posted by deano87
To Let sign up. Landlord decided not to sell. Didn't get to speak to him.
Will either talk to letting/estate agents or send him a letter
Id defo try and speak to him he might want to sell it, go and knock and ask for his number
Tenant didn't want to give out his number which is understandable - not their job too. Didn't want to ring estate agent, as he'd get no saving my going through them.
So I did a Land Registry check to confirm his name, then Googled him and got his address. Wrote a letter with formal offer in and posted it this morning. He should get it tomorrow.
This is the property, but the pictures date back to the pre-Let 2 years ago, so it is tidier now.
http://www.satchells.com/results.php?pid=2938960&eaid=214&sessionGUID=5339c5085d8105339c5085d8156.71559189
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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OFFER ACCEPTED!
So the letter did the trick. Today I had a phone call from the landlord and agreed a sale.
Decision in Principle sought and conveyancer chosen. Full mortgage application tomorrow night and signing of documents.
Tenants vacate end of April. Could be in by then, all being well.
EDIT: He had forgotten that someone had wanted to buy it, hence why he put it up To Let  good job we wrote the letter. Didn't need to be so forthcoming with our price mind he phoned, said "Lets get this moving, I've already instructed Satchells to take the sign down". Not even listed on their website.
[Edited on 02-04-2014 by deano87]
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Mortgage application submitted tonight. And conveyancers appointed too. Quote from them is £2416 inc stamp duty, exc bank transfer fees etc, so pleasantly surprised.
Mortgage 4.99% 2 year fix with Abbey/Santander.
Waiting on property valuation survey which is free with the mortgage!
Turn getting Home Buyer survey for £245.
Paid first bit of money out today. £250 payment on account for conveyancing.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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What's the arrangement fee on that mortgage? Don't pay loads to fix for only 2 years. Might sound a lot but if you're doing in 500 quid that regularly to change products you're equivalent APR in terms of the total cost will be a few % higher.
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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£0!
No fees apart from usual telegraphic transfer. Tbh the market for Help to Buy Mortgage Guarantee is very small, with all rates very similar, this was the cheapest.
It is either that or fix for 5 years at 5.49%.
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Ian W
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Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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Congrats
Sounds like how mine went, spend a while looking and waiting then all of sudden it all kicks off and it's phone calls and signing documents non-stop
Pics?
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by Ian W
Congrats
Sounds like how mine went, spend a while looking and waiting then all of sudden it all kicks off and it's phone calls and signing documents non-stop
Pics?
No pics as it isn't on the open market. I did link to the To Let listing but this has naturally been removed.
This is my mates, which is next door and identical. Except my man den is in better condition, I have a bigger garden, and it was extensively refurbished 2 years ago as it was a drugs factory and they'd not left much inside. They even took all the copper pipe work out
http://www.zoopla.co.uk/property-history/122-hitchin-street/biggleswade/sg18-8bp/30299783
Mine is the white one that could do with lick of paint on the outside (the black isn't damp).
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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More paperwork signing tonight, including the ownership with Lily.
No mortgage offer through yet...don't even think Valuation Survey has been carried out.
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Still no mortgage offer  not even sure valuation survey has been instructed.
How long did it take for people? Bank would have got everything last Friday from the IFA.
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luciaadr
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Registered: 11th Aug 04
Location: Bexleyheath, Greater London
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Be patient, therses only been 4 working days since you submitted your application. If you think its slow now, wait until you get further down the line with the solicitors, etc...
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by luciaadr
Be patient, therses only been 4 working days since you submitted your application. If you think its slow now, wait until you get further down the line with the solicitors, etc...
Solicitors seem to be on the ball so far - signed loads etc. I'm with a conveyancing firm rather than solicitors, so they seem to have a good process/protocol.
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Ian W
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Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by deano87
Still no mortgage offer not even sure valuation survey has been instructed.
How long did it take for people? Bank would have got everything last Friday from the IFA.
Took 2.5 weeks for me to get my offer letter.
Survey was carried out in a matter of days though.
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by Ian W
quote:
Originally posted by deano87
Still no mortgage offer not even sure valuation survey has been instructed.
How long did it take for people? Bank would have got everything last Friday from the IFA.
Took 2.5 weeks for me to get my offer letter.
Survey was carried out in a matter of days though.
have asked the IFA as to whether the survey has been instructed as I am sure he'd let us know if the offer was through. Said he'd know before anything received in writing.
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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17.7 days is the current average time to receive a mortgage offer from Santander 
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by deano87
17.7 days is the current average time to receive a mortgage offer from Santander
It's just a slow process overall
I'm already thinking I should of just continued to rent, buying is just mega pain in the ass full of hassle and worry
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by Ian W
I'm already thinking I should of just continued to rent, buying is just mega pain in the ass full of hassle and worry
This. And the house we love (and are buying) was previously a rental
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