Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by deano87
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!
Pace seems to have picked up now 
Had my mortgage offer yesterday, would love to complete by the end of the month and save a shed load of interest 
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BYRON
Member
Registered: 1st Jun 04
User status: Offline
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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) ?
I have just instructed a solicitor to act on my behalf for a new purchase - Mine is £13150 from memory but stamp is £11550 
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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 BYRON
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) ?
I have just instructed a solicitor to act on my behalf for a new purchase - Mine is £13150 from memory but stamp is £11550
CHRIST!
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Mortgage offer received by IFA. Fingers crossed received by Solicitors today. And all seems clear, no Conditions or anything.
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BYRON
Member
Registered: 1st Jun 04
User status: Offline
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quote:
Originally posted by deano87
Mortgage offer received by IFA. Fingers crossed received by Solicitors today. And all seems clear, no Conditions or anything.
Good luck. Had my mortgage in principle last week subject to property valuation which was supposed to be yesterday. Lets hope the purchase price matches their valuation.
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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 BYRON
quote:
Originally posted by deano87
Mortgage offer received by IFA. Fingers crossed received by Solicitors today. And all seems clear, no Conditions or anything.
Good luck. Had my mortgage in principle last week subject to property valuation which was supposed to be yesterday. Lets hope the purchase price matches their valuation.
I was worried about that but it all come back fine with no Conditions.
Remember, they only need to value the house to the equivalent of the value of the loan, not what you buy it for. That's my understanding anyway.
i.e. £100k purchase price, £10k deposit, £90k loan. They would need to recover in the event of repossession £90k, so the property needs to be valued at that.
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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Mine was valued at the amount I bought it for.
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Mine too 
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Yeah, the property would be valued at the purchase price, but they only need to recover loan amount, surely?!
Meh, mine was alright afterall. Rate house prices have risen most would be ok.
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John
Member
Registered: 30th Jun 03
User status: Offline
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That's not how it works Deano.
It has to be valued at total price.
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Live and learn.
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Mortgage Offer in the post today  no special conditions. Valuation Report good. Noted localised damp and leaning chimney stack but dad a builder so all good.
Just need the Mortgage Deed to turn up and get returned so we can complete on Friday 30th. Bloody bank holiday has put a spanner in the works!
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Monies transferred today in preparation of Completion Friday.
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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That's great news!
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Haven't Exchanged yet  but was waiting on confirmation of 2 points which we got at like 16:30 and I'm not paying the solicitors over time.
The solicitors did get our original Completion Statement wrong though. £3k more than it should have been. Was bit of a shock
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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And the beauty of 95% deposit is I could do a faster payment, which arrived same day and I didn't have to pay for it
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Exchanged
Completion Friday.
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Chris x
Member
Registered: 11th Sep 08
Location: Bexhill
User status: Offline
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Congratulations!
It's such a good feeling!
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Tell me about it! Really excited!
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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You're buying an ex drug den? U mad bro?
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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 Ben G
You're buying an ex drug den? U mad bro?
Cannabis factory, actually.
It was purchased 2 years ago, fully refurbished and has been tenanted for 2 years.
Mortgage has gone through fine as has any Building and Contents Insurance etc, obviously no "markers" on the property.
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Got the keys! Weird feeling.
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Haimsey
Premium Member
Registered: 8th May 05
Location: Nottingham Drives: Corsa B
User status: Offline
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Congrats.
Hope the weird feeling isn't because you're high
Marcy Marc 
White Sport Progress Thread
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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Well done Deano.
[Edited on 01-06-2014 by VegasPhil]
Corsa 2.0 16v Vegas - Sold
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Cheers guys. No pics yet as I'm too busy drilling stuff and painting.
Decorators caulk is definitely the best thing since sliced bread.
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