AndyKent
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Registered: 3rd Sep 05
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Where are the solicitors up to?
If its only being valued on the 16th, I think its unlikely you'll be completed 2 weeks later (based upon you saying 8 weeks from start to finish)......
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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Solicitors on Friday received all the paperwork from the vendors solicitors. They're starting everything this week. I should have stuff to read, sign etc by the end of the week.
I have said preferred exchange date is 30th May so they're working towards that. Will also mean we don't get stung with the large first payment including the months prior interest.
Santander are notoriously slow to instruct valuation survey but apparently super quick to offer.
Reckon if they offer on the 23rd it will complete in 7 days?! 
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AndyKent
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Registered: 3rd Sep 05
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Unlikely perhaps, but not impossible. You will need to transfer funds to your solicitor which depending on the amount could be instant or could take a day or two. The bank would also need a little notice to make sure the funds are available for your draw-down which again may take a little longer.
I would think a fortnight would be more realistic unless you are mega mega keen and your solicitor doesn't mind the hassle.....
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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Due to small desposit it looks like including fees it will be less than £10k which is the daily/single limit for Barclays.
Fingers crossed!
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Robbo
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Registered: 6th Aug 02
Location: London
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deano, youll be an expert on this by now (lol), how much roughly are the fees you have to pay as a buyer (supposing an average mortgage arranging fee) ?
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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quote:
Originally posted by Robbo
deano, youll be an expert on this by now (lol), how much roughly are the fees you have to pay as a buyer (supposing an average mortgage arranging fee) ?
Ours are approx £2600 inc. VAT. That includes £1400 stamp duty.
Solicitors fee is generally speaking £500 + VAT from quotes we got. Everything else is searches, fees and other stuff that the government benefits from. Bastards 
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Robbo
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Registered: 6th Aug 02
Location: London
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chars
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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Valuation survey should have happened yesterday 
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Haimsey
Premium Member
Registered: 8th May 05
Location: Nottingham Drives: Corsa B
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Shouldn't be too long, 48hrs?, till it's with you if it was done yesterday.
Fingers crossed its all fine.
Marcy Marc 
White Sport Progress Thread
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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Well weekend, so doubt that. This is obviously for Santander to offer the mortgage.
IFA said that he will get notification before we receive anything in the post.
Fingers crossed indeed.
Question, to put it out there. House is circa 1910's, mid-terraced 2 up 2 down. Mate next door bought his in October, no problems on the building survey. Ours was purchased last 2 years ago following it being a cannabis factory. Property been extensively refurbished. Including new floors.
Reckon I still need to do a HomeBuyer or Building Survey?
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Ian W
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Registered: 8th Nov 03
Location: Wirral, Merseyside
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quote:
Originally posted by deano87
Valuation survey should have happened yesterday
I had my mortgage meeting last Friday and my survey is booked for Monday (Nationwide).
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John
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Registered: 30th Jun 03
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Is your dad not a builder Deano? Him having a look over will be all it needs.
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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quote:
Originally posted by Ian W
quote:
Originally posted by deano87
Valuation survey should have happened yesterday
I had my mortgage meeting last Friday and my survey is booked for Monday (Nationwide).
We applied for our mortgage on 4th April. Santander have been extremely slow. Offering the best Help to Buy Mortgage Guarantee product and what with MMR, they can't cope.
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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quote:
Originally posted by John
Is your dad not a builder Deano? Him having a look over will be all it needs.
Aye he is. All a bit late to pull out mind.
My mate has his mortgage with Santander and they requested a HomeBuyer following Valuation survey.
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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 deano87
My mate has his mortgage with Santander and they requested a HomeBuyer following Valuation survey.
Serious? So you had to pay £300 odd for valuation then £600 for homebuyers? They're having you over if that's the case
I had the choice, homebuyers it seemed like you weren't getting much for double the money, just checking for damp really
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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 Graham88
quote:
Originally posted by deano87
My mate has his mortgage with Santander and they requested a HomeBuyer following Valuation survey.
Serious? So you had to pay £300 odd for valuation then £600 for homebuyers? They're having you over if that's the case
I had the choice, homebuyers it seemed like you weren't getting much for double the money, just checking for damp really
Fortunately I'm getting a free valuation and surveyor locally does HomeBuyer for £245 which was accepted by Santander!
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AndyKent
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Registered: 3rd Sep 05
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Homebuyers are handy if you don't know anything about buildings, but in reality don't tell you much more than a good look around with a switched on pair of eyes.
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Haimsey
Premium Member
Registered: 8th May 05
Location: Nottingham Drives: Corsa B
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quote:
Originally posted by deano87
Well weekend, so doubt that.
Obviously 48hrs within a working week...
Marcy Marc
White Sport Progress Thread
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Graham88
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Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
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quote:
Originally posted by deano87
Fortunately I'm getting a free valuation and surveyor locally does HomeBuyer for £245 which was accepted by Santander!
That's pretty decent then 
quote:
Originally posted by AndyKent
Homebuyers are handy if you don't know anything about buildings, but in reality don't tell you much more than a good look around with a switched on pair of eyes.
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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Well that was quick. Got the mortgage offer. IFA informed this morning. Will get the printed offer later this week 
Happy to say the least!
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Marc
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Registered: 11th Aug 02
Location: York
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Woop. Exhange still on schedule for 30th?
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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quote:
Originally posted by Marc
Woop. Exhange still on schedule for 30th?
I don't see why not!
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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Received information from the solicitors today like searches, building regs info etc etc.
Contract sent back today. They received faxed copy of Mortgage Offer today, providing they receive it printed by Thursday, we will be completing Friday 30th!
Just need to get money out of Nationwide Save to Buy account. Didn't want to until I knew we had the mortgage. Bloomin' nazi's won't let me do it online.
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AndyKent
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Registered: 3rd Sep 05
User status: Offline
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Exchange or completion on 30th?
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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quote:
Originally posted by AndyKent
Exchange or completion on 30th?
Complete.
They will receive our Contracts tomorrow so could exchange this week.
The seller didn't complete the Contents & Fixtures Form properly so the kitchen fixtures need clarifying (ticked Fitted but not whether they are Included) and also there is a £380 charge on the property which needs sorting.
Fingers crossed!
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