Support thread for MN's trying to buy a house

(311 Posts)
financialwizard Mon 17-Sep-12 09:03:39

I can't find another thread like this, and I thought we could do with a sister thread to the trying to sell.

Thought I'd kick off with my rage!

Currently exchanged on the house that I have sold and living in husbands work accomodation so my situation is not dire, but still.

We offered on a property in August. It is a vacant property, and we said that we would like to exchange contracts 18th October with a view to complete no later than 1st November. We got the house at 95.8% of the market price.

So far we have not received the fixtures and fittings list, even though the vendor completed them the week before last. I have been back several times to measure up for lino in the bathrooms/curtains/take pictures of holes in the wall (for my decorator - there are lots). Went back this weekend just gone to check a couple of things (I always forget something) and the vendor has taken all of the bathroom fittings (toilet roll holder, etc), all of the curtain poles, all of the blinds. Now I am beginning to get a bit worried she is going to pull up all the carpets as well (not budgeted for them). I know I am going to have to wait until I get the F&F list but I am feeling slightly nervous at the potential cost of replacing things like carpets now (the whole house - 5 bed is carpetted). Aaaaaarrrrrrrrrrrrggggggggggghhhhhhhh.

My old man is going away for business just as we are due to complete as well, so it is going to have to be me to deal with it all. Really looking forward to this move.......NOT!!!!

Never EVER doing this again.

bumbez Mon 17-Sep-12 09:41:29

I've got my foot in both threads grin

Could you ask the estate agent to ask them if the carpets are staying?

Are they annoyed they didn't get enough for the house?

Unfortunately some people are just like that.

We're still waiting to exchange and have had the worrying news that if we don't exchange by midday today our buyers will withdraw from the sale. I hope it's just cage rattling to speed things up - but it's not at all helpful and is out of our control, bloody,bollocky, cunty, twatty HSBC lawyers. sad

wendybird77 Mon 17-Sep-12 10:25:43

Oh goody. We've had an offer accepted (early July) on the condition that we had to be in by the 1st November, but sellers lost the house they wanted and can't find anything else. Last week we found THE house, repo, offered higher than another offer on it, but EA didn't pass on offer - so contracts were exchanged with the other party even though we had higher offer (by far). Furious at that and making formal complaints as EA totally misled us and the asset management company. My only consolation is the asset management company have struck that EA off their list and are also furious.

Today we are looking at a do-er upper in a village we don't like as well, but the house has great potential to be a money pit. If we don't go for this one I think we are going to find another rental as I'm fed up and just want somewhere to live!

GreenEggsAndNichts Mon 17-Sep-12 11:43:12

I, too, am watching both threads! I don't have a place to sell, but I can empathise with some of them, definitely.

We're currently trying to buy a house. Our bid was accepted, the house is unoccupied, and we're currently renting so we're hoping we can get this all sorted quickly. touch wood! It's a 4 bed which was on the market at 40k less than similarly-sized properties on that road, mostly because some bits need doing up. I just adore the sellers (not even met them!) for acknowledging this in the price, though! I can't say how many other properties of similar size and location need doing up as well, but the owners are bound and determined to get 2008 prices for them regardless.

Anyway, I've just got off the phone and we're having a full building survey done as it's on a hill and we'd just like a very good idea of what we're in for. It was a rental property for ages and has had some high-spec upgrades, but also still has original windows etc in other places. I don't know if the roof needs doing. etc. We aren't getting a mortgage so we don't have a bank's vested interest, we've just got ourselves to look after ourselves, iyswim.

Our landlord is trying to sell our place, and she's been lovely so we're trying to help out as much as we can with viewings. So while we aren't actually selling a house, we are having to keep the place tidy all the time which is stressful enough with a toddler. grin

financialwizard Mon 17-Sep-12 11:59:03

bumbez I am keeping my foot in both camps hopefully only until tomorrow though when my house sale should be completing. I have seen loads of ranty threads about HSBC elsewhere recently so decided to avoid them like the plague with regard to applying for a mortgage. Our valuation is being done today on the house, so fingers crossed we may get a mortgage offer this week and then it is down to the Solicitors. Might be rocket time, I want to exchange in a month latest. Obviously I know they don't have control over everything.

wendybird77 sounds a bit of a nightmare. We went looking as soon as we returned from living overseas and found a house much much quicker than we expected. Bit worried at the amount of finishing the owner is stripping though.

GreenEggs At least that is one thing I don't have to do is keep the house tidy all the time (I too have a toddler) and that the house I am in the process of selling is not the one we live in. It is bad enough as it is without such stress.

wendybird77 Mon 17-Sep-12 15:04:49

Yes, it sounds as if they are taking everything. I don't understand taking fitted carpets - really?!? Do people have them refitted? A mind-boggling concept.

GreenEggsAndNichts Mon 17-Sep-12 15:08:10

I am stunned by that, tbh, FW, do you think they are irritated about something? I mean, why else would you take carpet? I can't imagine there being another use for it.

CuddyMum Mon 17-Sep-12 15:56:52

I had a crazy offer for my house today but when I asked the agent of the house I am interested in buyinh they are insisting on close to their asking price. You can win can you?

CuddyMum Mon 17-Sep-12 15:57:37

I mean can't of course - Doh!

financialwizard Mon 17-Sep-12 17:13:19

Well my solicitor has sent me the Fixtures and Fittings list amongst other things today, so hopefully I will get it tomorrow and then I can report back. Either in shock or a bit more relieved!

The valuer went in today and I got a copy of the valuation stating market value is what we have offered and that there is literally nothing wrong with it. Quite what I spent £325 on I don't know because I could have told you that..ha ha.

Solicitor has also confirmed that she applied for the local searches on 3rd September so we are just waiting on those as well and answers to her queries from the vendors solicitor. It would be nice if this house purchase went through smoothly because the move is going to be a nightmare!

financialwizard Mon 17-Sep-12 17:13:42

Oh I should say that the carpet is still down, at the moment!

sparkle9 Mon 17-Sep-12 22:48:36

Make sure they 'make good' the bits they have removed. I think this means filling in holes etc if they have removed things from walls or ceilings.

I am selling and buying. I accepted an offer at the end of June and it's all still plodding along. We are close to exchanging now. I'm buying a new build and I don't have an exact date for completion yet. I'm hoping my buyer agrees to exchange without a set date for completion. According to my solicitor this is possible. The buyer is a FTB so it COULD work out. I'm keeping everything crossed until we have exchanged.

bumbez Tue 18-Sep-12 06:48:33

We exchanged yesterday with our buyers because they said they would pull out. We will be moving out next Tuesday, and are hoping to exchange on our purchase today with a completion date of 25 November, with us being able to move in and rent it by the day till we sort out our finances.

I am 95% sure HSBC will eventually cough up as we are only borrowing 30% but there is a nagging worry that they won't and we have contractually entered into buying a house we can't afford. confused

noddyholder Tue 18-Sep-12 06:54:09

Omg you are brave. We wanted to rent like that once and our solicitor strongly devised against.

noddyholder Tue 18-Sep-12 06:54:36


bumbez Tue 18-Sep-12 07:10:52

Brave or stupid !

Haven't done it yet though we are waiting for a secret letter to be faxed from HSBC solicitors to ours which is fingers crossed the green light to proceed, so we may only be renting a few days.

If its not good news we have to find a rental property pretty quick!

financialwizard Tue 18-Sep-12 10:47:41

Fingers Crossed bumbez

sparkle9 I really hope he does make good, although I have already got planned the 'making good' myself before the decorators and cleaners go in. There are not 1000's of holes - about 30 - but repairing them with a lively 2 year old around my feet isn't my idea of fun.

Got the fixtures and fittings list today and am pleased to say that I do feel relieved. It states that the carpets and blinds are staying...thank goodness but that the bathroom fittings are going. Why you would want to take cheap fittings is beyond me but there you are. I guess they are useful in your new home.

PogoBob Tue 18-Sep-12 10:56:39

Can I join please, got to be out of rental in 6 weeks (landlady sprang notice to leave on us a little!, DC2 is due in December and finding a rental round her that will take a cat is almost impossible.

Only half a dozen houses in our price range within the right area on the market, those we've seen all have pretty big compromises and can't get to view any of the others until the end of the week!! Have managed to find a suitable rental but they want an answer today and there is a lot of interest so have to make a decision on that before seeing if anything to buy is suitable!

Hope everything works out for everyone else with minimum stress

financialwizard Tue 18-Sep-12 11:00:20

Good luck PogoBob

GreenEggsAndNichts Tue 18-Sep-12 11:59:05

Pogo ooh we're in a similar situation, our landlady hasn't given us "official notice" (the 2-month period she needs to give us per our contract) but she has spoken to us and is marketing our house to sell. We appreciate that she's given us a bit of extra time to get sorted, as we'd like to buy this time rather than rent. (and no, we're not interested in this house grin love our neighbours on our close, but we need a bigger place with a proper garden, not the dark, dank postage stamp we have at the moment)

We did find a vacant property nearby just as it popped on the market, our bid was accepted (very reasonable price, unlike others in the area who seem to think it's still 2008) so we're waiting on a survey this week. Unless there are serious structural issues, we'll be going ahead, as the price is decent enough to allow us to pay for needed updating.

blah blah blah.. just meant to say, keep refreshing Rightmove, and get your friends to keep you updated if they know people who want to sell. Good luck!

bumbez Tue 18-Sep-12 19:02:11

Ok we've come up with a more sensible plan I think - were going to rent the house and sign a contract to rent it for 6 months or buy it if we like in that period- although it's going to cost us more money I feel safer not being in a legally binding contract to buy it.

The seller hasn't agreed this yet but I don't see why he wouldn't because if we don't buy it he's going to have to rent it out again any way.

If this doesn't happen we will be renting any thing the estate agent assures me there are lots to choose from.

Slightly miffed at throwing money away at rent but at least we'll get some interest from our equity.

PogoBob Tue 18-Sep-12 20:21:35

Thanks greeneggs and good luck with your survey. Have looked at 6 places so far, one seemed to fit the bill but after 7 months on the market the sodding thing only excepted an offer the day after we viewed!

Have a new viewing and a second viewing later this week. The second viewing is a house which could meet our needs but the kitchen is a compromise - very narrow with a huge range cooker, so not sure on that one. The other is new on the market so not sure they'd accept an offer (we're limited to 94% of their price) yet.

bumbez - Sounds like a plan, sometimes it's best to keep things as simple as possible. Hope the seller agrees.

financialwizard Fri 21-Sep-12 08:55:30

How much of an idiot am I? I just delayed myself. Forgot to put my old mortgage number on the mortgage application form and have now delayed the mortgage underwriting for a week. DOH!

Hopefully we can still get done when we need to. Hubby has been confirmed as away when we are due to complete sad

bumbez Fri 21-Sep-12 13:08:24

We have exchanged and get the keys Monday as renting by the day till we can complete! grin

Fecking arse - so much packing still to do.

FW don't envy you moving on your own that's horrid.

Good luck every one else smile

financialwizard Wed 26-Sep-12 09:47:53

Grrrr should be getting the mortgage offer today. I am im patiently waiting for the mortgage offer to hit my email account. I hope they hurry up. My husband has to go away soon and it is all we are waiting for to enable us to exchange now. Would be ultra fab if we could move in to the house just before my lovely husband disappears.

How is everyone else getting on?

financialwizard Wed 26-Sep-12 14:06:22

Aaaaaaaaaaarrrrrrrrrrrrrrrggggggggggggggghhhhhhhhhhhhhhhh still no mortgage offer because they need another bit of paper from me. Not a problem, but a phone call to let me know would be good instead of expecting me to know by some form of mind reading exercise.

I hope it is here tomorrow because I think I might cry the amount of time I have been on the telephone with them the last two weeks.

Springforward Wed 26-Sep-12 18:48:53

Hello, this looks like a good place for me. Mortgage offer received today, now having a panic about our refurbishment budget (it will pass, I think).

Room for another?
7 months pg and last week had our offer accepted on a barn with planning permission. Mad timing but it's a long held dream come true (fx it goes through).
luckily my DM has offered us a private mortgage as both DH and I are self employed and almost nobody will lend for barns anyway.
With DM's help we can stay living in our current place for at least the next 6 months so won't have to live on site while the major works are going on.
the seller did an amazing thing - accepting our offer (the lowest they had) because we want to live in it ourselves rather than develop it and sell on but in order to persuade them i offered to move really quickly - moneys all in place by this monday now everyone just has to wait for the already dragging their feet solicitors to catch up. surely there's a better way???
think if this drags on i may find myself getting really wound up - already dreaming worst case scenarios and lying awake worrying at night and it's only been a week i know IABU...

nancerama Thu 27-Sep-12 12:37:04

Can I join? Found our perfect house about 6 months ago. Finally had our 4th offer accepted after 3 buyers pulled out for one reason or another. Obviously we're a bit very cautious due to 3 other buyers walking away.

It's a Victorian property, so we are expecting a bit of work and some general maintenance, but the survey came back suggesting the possibility of major damp and recommending the removal of downstairs floorboards for a proper look and to ensure the damp hadn't progressed into wet or dry rot. We can't afford to take the gamble, so we have had to tell the vendor that we can only proceed if they agree to pull a chunk of their floor up. I felt really horrible asking as it's such a destructive thing to be doing. The vendors have reluctantly agreed.

Today I took DS to playgroup and our vendor was there with her DS complaining about her nightmare demanding buyer. I feel horrible sad

GreenEggsAndNichts Thu 27-Sep-12 14:33:43

There is no reason for you to feel horrible, nance. It sounds like a perfectly reasonable thing for you to ask to do in the circumstances, and I think they know it (or have been advised that it is).

I can imagine having a bit of a moan to a friend, but it was a bit bitchy of her to say it in front of you.

nancerama Thu 27-Sep-12 16:19:31

I'm hoping she said it without realising who I am. She's staying in the area and our kids are likely to end up at school together, so I really would rather not get on the wrong side of her.

I'm hoping that the gift of wine to apologise for the hole in the floor may smooth future relations.

financialwizard Thu 27-Sep-12 16:24:31

Finally got the mortgage offer, will receive it over the next 2 days in the post.

nancerama sounds like a bit of a nightmare, at least the person we are buying from lives in the next town.

nancerama Thu 27-Sep-12 18:37:05

Hurrah! The damp survey is back already and it's penetrating damp caused by a dodgy back step. Fix the step, problem solved. Apparently under the floor doesn't look too dreadful.

I'm feeling a bit less sensitive about grumpy vendor though, since DH reminded me that she's taking pretty much everything from the house, down to the bathroom cabinet and all the curtains.

wendybird77 Thu 27-Sep-12 19:09:27

We have had an offer accepted on the condition that we complete by the end of October. Our solicitor is on the ball, but DH out of town this week so can't do anything until he's home tonight to sign everything and we can post it all off. Helpfully he's lost last month's payslip so we are also waiting for that to come in the post for this month. I think it is going to be nigh on impossible to get this done that quickly, but what can you do? Helpfully they have asked if they can leave all their appliances as they are moving abroad - hurrah as we sold all ours when we moved out of our last house to rent! Gives me some time to make a proper decision when I decide what I want to do about the kitchen. Finger crossed for a smooth transaction as we need to be out of our current house by the 31st November!

financialwizard Tue 02-Oct-12 14:26:10

wendybird77 you sound in a very very similar situation to me. We offered on the one we are trying to buy 23/08. We are signing the mortgage deed, etc tonight and transferring the money tomorrow plus sending the docs off SD tomorrow. The only delay we have had is because the mortgage offer took slightly longer to produce than expected.

We are hoping to be exchanged and completed by 18th October (hubby goes away for 8 weeks then and completely uncontactable) but the vendor has a 'home rights' charge on the property which is making me VERY nervous as their solicitor keeps saying 'undertaking to remove home right charge to follow' in everything, and we cannot buy it without that undertaking.

If everything goes according to plan I will be moving on my own again and Mr F_W will be joining us just before Christmas. This will be our last move though hopefully

wendybird77 Tue 02-Oct-12 19:45:37

It is all systems go here. Mortgage app in and approved, the offer should be here next week. Solicitor is on the go, not sure when the survey is as we're just having the valuation for the mortgage and it is being arranged through the EA. I'm trying to sort out a currency exchange account to transfer money over from abroad as well (with a bad exchange rate, but what can you do!). This may actually all happen by the end of October. I am in packing denial, but loving my imaginary budget for small extensions, new bathrooms and kitchens!

financialwizard Thu 04-Oct-12 14:40:08

Well, still no nearer finding out what is going on with regard to the 'home rights' issue. Neither vendor nor their solicitor answering the phone or emails angry You'd think they'd want it done.

LondonSuperTrooper Thu 04-Oct-12 15:02:40

Hi, can I join in please?

We've had our offer accepted on Monday! I've now got a solicitor in place, mortage decision in principle and got hold of a recommended surveyor. So far no major stress or panic.... but it's only day 4 of the entire process wink

Financial - what is the home right issue?

Nance - Good news about the damp issue.

Is there anyone her in the early stages of buying a house?

financialwizard Thu 04-Oct-12 17:35:40

God, how to explain.

Basically if you are married but not on the deeds or mortgage of the property you live in you can apply for 'matrimonial home rights' which means that your spouse cannot re mortgage - take a further advance - or sell the property without you being consulted first. From what I understand in my circumstance the man selling the property to me is getting divorced and his stbx wife registered matrimonial home rights on the property 4 days before we placed an offer on the property.

AlexanderS Fri 05-Oct-12 08:36:35

Hi all,

Please can I join in? I'd love to have the advice of some lovely Mumsnetters if possible.

This is the position I'm. We are first time buyers. In August we put in an offer on a house five doors down from our rented house, because it is the same size, layout etc. of our house, and of course same area (we like the area, it's got a good school and stuff), but is, we thought, much nicer than our house - new bathroom, new-ish kitchen, landscaped garden, various things. Our house has still has much of the original decor, fixtures and fittings from when it was built in the 1970s and the garden's a mess. The house had been on the market since the start of the year and the vendor was keen to sell - having already reduced the price by £20,000 since first putting it on the market, she accepted our first offer, which was £2,500 less than the asking price. (There is no chain, as she is moving in with her boyfriend).

Then of course we had a survey done. Don't worry, the vendor said, I'm confident the survey'll show no problems. The survey showed a bunch of minor problems, e.g. the flat roof on the front section of the house is pooling water and will need to be replaced in the near future, and two major issues. One, an extension has been built on the back of the house that doesn't meet building regulations or have planning permission. We got a builder to take a look at it and he gave us a worst scenario quote for getting it fixed of £5,750. Two, the wiring is not safe. We've had an electrician test it all and he's said though it could be patched up he recommends we just rewire the whole house due to the age of the wiring (it has not been replaced since the house was built), at a cost of £3,000 - £4,000.

So now we have to make a decision. Do we try to negotiate a lower price or do we just walk away?

I spoke to our solicitor yesterday and she said we should sleep on it. Well, I've slept on it and my inclination is to walk away. On a monthly basis we have enough money to cover bills, necessities and a few leisure activities and that's it. We can't afford holidays. We can't afford to buy or run a car. Neither of us drives, because we can't, at the minute, afford to take lessons! (We live in a rural area and a car would be incredibly useful). My parents were going to help us with the deposit for the house. We are already paying off one bank loan, taken out when we moved into our current house to pay for the deposit and some new furniture and consolidate some other debts, and I'm loathe to take out another. Plus at some point I'd like another DC, and they're not cheap! So I don't see how we're going to save £10,000-odd to do all this work, even if the vendor drops her price (which she has indicated she is not willing to do).

AlexanderS Fri 05-Oct-12 08:43:29

Sorry, "We've had an electrician test it all and he's said though it could be patched up he recommends we just rewire the whole house due to it's age (it has not been replaced since the house was built), at a cost of £3,000 - £4,000" would have been a more elegant sentence!

AlexanderS Fri 05-Oct-12 08:44:36

Oh I bug myself! Its, sorry. I wish Mumsnet would let you edit posts.

If the seller wasnt willing to be sensible. I'd walk away. If you can't afford to do the work; you can't afford to do the work. It's that simple.

LondonSuperTrooper Fri 05-Oct-12 09:52:58

Finanace thanks for the explanation. I hope that this gets resolved quickly.

Alex I'd reduce the offer due to all the repairs that you'd have to make to make the house safe/water tight etc.
If they accept the reduced offer then it's good news isn't it? If they don't, well then you haven't lost anything as you are prepared to walk away.

AlexanderS Fri 05-Oct-12 10:34:31

Hmm, have just done some sums and calculated that even if the seller reduced the price by £10,000 it would take us longer to save the £10,000 using the money we'd save on the mortgage than the length of the mortgage! Basically we'd need an injection of cash in some way.

LondonSuperTrooper Fri 05-Oct-12 11:31:09

Nightmare! So what are you going to do Alex?

AlexanderS Fri 05-Oct-12 13:24:32

I guess our circumstances will change at some point - my DP will get pay rises (though only so far up the pay scale - he is a teacher, and doesn't want to take on additional responsibilities at work, and I wouldn't want him to as his work-life balance already isn't so great) and I will go back to work full-time (I only work part-time at the minute) - and you never know, we might win the lottery! - but I don't want to have to count on this stuff, and I don't want to have a white elephant of a house on my hands that I can't sell, which is what I'm worried we'd have if we didn't undertake these improvements (we were not intending for it to be our 'forever house'). The house was on the market for quite a while; on the one hand that's understandable in these straightened times but on the other I know from Zoopla that of all the houses for sale in the village at the minute it is the most reduced and I can't help wondering if the extension has put people off - it has been done in a weird way, with brick walls like a proper extension but a perspex roof like a conservatory, and runs all the way along the back of the house. We'd be looking to put a proper roof on it, with windows to allow the sunlight through.

I don't know. I'm sitting in my scratty rented house looking at my ugly office-grey carpets, wishing we had our own place, wondering how open the landlord would be to us making some improvements and feeling pissed off. That's what I hate about renting. It's not the thought of the money we pay in rent effectively disappearing into a black hole every month, it's not being able to do what I want to do with my own home.

Anyway, I digress!

AlexanderS Fri 05-Oct-12 13:30:44

Another factor is that we really like this area, there is a very good school just round the corner with a pre-school attached which DS has just started. And this house is cheap for a 3 bed here, all the other houses I've seen that are a similar price (i.e. just within our budget) have been 2 beds.

Well that kind of info does make a difference (although not if you just can't afford to do the work).

We bought a house that needed work - more than the one you're looking at by the sounds of it. We did this because we really like the location and almost nothing comes up there and because it was much cheaper than everything else we'd been looking at. With everything else, We'd've had to spend £30-60k more than we did on this one and we'd still have had to do some work. So buying this one, spending £20k on it and then moving in, we're still doing OK I think. We did have spare money though, so we can pay for all the work and most of it is getting done before we move in.

The work has been horrible and stressful even without living there. So we've decided we're never doing this again. We planned to be in the house for a long, long time anyway (we don't want to move until Ds2, who is oly 3, finishes school entirely) so it is worth it.

AlexanderS Sat 06-Oct-12 16:06:41

Just wondering if anybody's about today who's got any further advice for me - the seller rang a couple of hours ago wanting to know what we're doing about the house and DP told her we'd call her back tomorrow with a final decision! Am starting to panic a little.

Yet another factor in my decision is that my parents are lending us the money for the deposit - lending, not giving. The idea was that we would pay them back at some unspecified point in the future, but I don't see how that's going to happen. DP reckons we should buy the house, live in it for some years, then sell it, pay my parents back, go back to renting and have a lump sum to do something with, maybe buy a camper van! Does that negate the point of buying a house? Maybe we just have to accept this is something we can't really afford. My parents are about to retire and at the end of the month my dad is going into hospital for a massive operation that after years of ill health is hopefully going to give him a new lease of life (yes, he has struggled on working in spite of his illness, because he's mad!). I feel guilty about taking such a huge sum of money off them at this point in their lives (I'm an only child, by the way, as you may have guessed). DP has no qualms about taking the money.

KatoPotato Sat 06-Oct-12 18:42:34

Hi everyone! Hoping to join!
I'm in Scotland so different rules but were currently renting and miserable (office carpets akexanders!) meeting with mortgage broker this week to hopefully get a mortgage! DH is self employed and I'm self employed so anxious about being approved!

Already started looking and falling for houses and watching them disappear from rightmove!

Hope everyone is okay and good luck!

GreenEggsAndNichts Sat 06-Oct-12 19:37:38

AlexanderS If you want my two cents: this is not the market to play that sort of investment game in. House prices are still going down. If you want to buy a house to sell it for profit in 5 years time (or whatever "some" years is), I don't think that's going to happen. The market is going to fall some more before it stabilises. If you can't afford the house now then perhaps that means this isn't the time for you to buy.

Also, your DP planning all this use of your parents money is a bit hmm to me. If he wants all of these things, perhaps he needs to plan to manage them around his (and your) incomes. He's essentially saying he wants to take their money, invest it, hopefully profit from it, then return it to them way down the line (at no interest for them I suspect) then buy something with that potential profit. And then land you both back in a rental property again? Sorry I'm going a bit off track from the Property/DIY forum, but that doesn't sound very nice to me.

wendybird77 Sat 06-Oct-12 20:31:55

AlexanderS - I would not buy this house. It really sounds like you can't afford it. What happens if the boiler goes? Roof leaks? Owning houses is expensive and if you don't have disposable income then IMO renting is the safer way to go. I do know what you are saying about doing up your house though and I would speak to your landlord. Can you afford to save anything at the moment? If so I would start seriously start saving and watch the housing market over the next couple of years or so. When you go back to work full time or DH gets promoted and you have a bit more cash that is when I would think about buying. Owning a house that you can't afford to maintain would be a huge stress and not worth it IMO.

startlife Sat 06-Oct-12 21:03:38

That extension sounds very dodgy. If it doesn't have planning permission that's one BIG issue as resale would be a problem. What is the plan to sort that out?
To not have building regs can be a very expensive process to put right as it has to be made up to current i.e latest building regs and insulation is a major feature. A non standard roof isn't cheap to replace, I don't know where you are in the country but £10k for a new roof and electrics seems low.

Rewiring a house is a messy business - walls channelled out and all rooms replastered at worst - it's hard to live like that. How's the heating system?

We moved to a new area so rented whilst we worked out what to buy. We had a negative renting experience so bought a house that we overpaid for. We underestimated the work needed and 2 years later we regret the decision. It's been a nightmare and cost us loads more than we ever thought and it's been a factor in our relationship issues.

If this is your first place can you really afford to take this risk? We have lost money but after years of property ownership we don't actually owe money, thankfully. If we had loans I think I would have lost my mind ages ago.

I think your instinct is to walk away, so was mine but I allowed H's optimistic (aka lack of thinking it through) to sway me.

This house needs to be seriously cheap for you to buy it. Don't be rushed into buying or feel pressure to make a decision - it's the biggest financial investment you will make.

AlexanderS Sun 07-Oct-12 11:32:45

Well, we've done it, we've pulled out of the sale. I don't know if I'm smile or sad

financialwizard Sun 07-Oct-12 13:31:28

I think that was a sensible decision AlexanderS. When you own your own home you do get the benefit of being able to do what you like to it, but you also get the negative of having to cover all repairs yourself!

How is everyone else getting on?

AlexanderS Sun 07-Oct-12 14:01:11

P.S. I forgot to say that it turned out the extension did have planning permission - it was just building regs approval it was lacking (I say just but you know what I mean).

Thank you everybody for your advice and comments.

GreenEggsAndNichts Sun 07-Oct-12 20:00:40

AlexanderS I think it felt wrong to you, hence you coming and asking the question. I'm sure you'll find a house that's right for you, but that didn't sound like the One. Good luck!

AlexanderS Mon 08-Oct-12 11:07:12

Oh my gosh, it goes on and on! The seller has come back to us and said that she'll drop the price by £7,500 and pay to have the house rewired! shock She really, really wants to sell. What do we do?

LondonSuperTrooper Mon 08-Oct-12 12:52:05

Alexander How did you feel when you pulled out of the sale? If you were gutted then maybe you ought to reconsider. If you felt releived then the drop in price shouldn't sway you - although it's a large drop in the asking price.

As for me, we went bathroom and carpet shopping for the house that we put an offer on. It's amazign how expensive everything is! I think that I will have to live with the avocado suite for a while sad

On the plus, we have found a solictor, got a mortage agreement in decison (AIP will be finalised tonight) and have got a recommnded surveyor to carry out the survey for me.

BTW, we only made the offer on 1st October but is it too early to go around again to measure for curtains and appliances?

HiHowAreYou Mon 08-Oct-12 14:10:29

Can I join and have a moan?
Our offer was rejected today and I'm sad. sad

We offered quite close to the asking price, slightly more than what the house sold for in 2009 (no work done since), and I was so sure it'd be accepted, but they want the full asking price apparently.

The thing is, the full asking price would take it into the next stamp duty bracket, so I just can't justify offering more. And, I don't think it's worth more!

But, I really liked it!


The estate agent came back and didn't encourage us to offer any more. She said she expected the vendors to be excited by the offer but she was sorry to report they were being very unrealistic instead.
We're in a good position to buy. Just... grrrrr! Annoying vendors!

HiHowAreYou Mon 08-Oct-12 14:11:13

Can I join and have a moan?
Our offer was rejected today and I'm sad. sad

We offered quite close to the asking price, slightly more than what the house sold for in 2009 (no work done since), and I was so sure it'd be accepted, but they want the full asking price apparently.

The thing is, the full asking price would take it into the next stamp duty bracket, so I just can't justify offering more. And, I don't think it's worth more!

But, I really liked it!


The estate agent came back and didn't encourage us to offer any more. She said she expected the vendors to be excited by the offer but she was sorry to report they were being very unrealistic instead.
We're in a good position to buy. Just... grrrrr! Annoying vendors!

HiHowAreYou Mon 08-Oct-12 14:14:20

Oops. Sorry for two posts.

AlexanderS Mon 08-Oct-12 14:36:08

It's a drop of just over 5%, London. When we pulled out of the sale I felt a certain amount of relief. Relief that we didn't have to move (I find the physical process of moving really stressful), relief that I didn't have to wonder any more if I was doing the right thing taking my parents' money. I just thought we can stay where we are and make the best of things - negotiate with the landlord regarding laying new carpets, remodelling the garden etc. But initial feeling after speaking to the estate agent was somewhat stressed, I was thinking 'When is this all going to be over with?'. But then I thought about it and I realised this fixes all the issues to do with the house that were bugging me. We were going to put down a 13% deposit (random, I know!), but our mortgage company only requires a minimum of 10% - with this drop in price that will give us money in the bank to fix the extension, and we no longer need worry about the electrics. The only issue remaining is that of my parents' money. I just spoke to my dad on the phone and he was adamant they are happy for us to have it.

Hi, those vendors are a.) greedy and b.) mental. They would have made a profit on a house bought after the 2008 crash, something hardly anybody is doing.

From a practical point of view you should wait to get your survey back before going round to measure up for curtains London - you may no longer want the house after it's done! From an etiquette point of view I don't how you stand. I haven't been back to look at 'my' house since my first and only viewing (DP has had two viewings and been round with various tradepeople). If we are going to go ahead I'd love to go round and measuring stuff up but I'd feel a bit cheeky grin

AlexanderS Mon 08-Oct-12 14:38:02

Oops, that should have been tradespeople and start measuring stuff up. Bit excited!

financialwizard Mon 08-Oct-12 15:23:55

I have been a nightmare with the place that we are buying with regards to going back and measuring up lots of times. In my defence the house is empty though.

Still waiting to hear on the undertaking to remove the marital home rights from Land Registry upon the property transferring to us. VERY frustrating when that is all we are waiting for to exchange, and my husband is going away until Christmas imminently. Although his pigging work keep changing the destination which is a whole other moan!

GreenEggsAndNichts Tue 09-Oct-12 12:23:42

Okay, dusting ourselves off from the last attempted home purchase, I have a couple of questions for you all. The next time we have an offer accepted, would it make sense to have the survey done first to figure out potential problems/ different valuation of the property etc, before paying to retain a solicitor? Or do we need to have the solicitor from the start?

I definitely don't want to start filing for searches until we've sorted a survey. Is that possible? I mean, we've spent hundreds of pounds on searches we won't need when they finally come back, because the results of the survey were so bad. (and of course, the seller pulled out, long story)

AlexanderS Tue 09-Oct-12 13:27:57

I think you have to have a solictor from the off, I'm sure our solicitors' details were the first thing the estate agent asked for after we had our offer accepted. But maybe you could engage a solictor and instruct them not to do any searches until the survey's been done?

AlexanderS Tue 09-Oct-12 13:31:39

By the way, in our case we've accepted the seller's offer of a much reduced price and a total rewire smile

AlexanderS Tue 09-Oct-12 13:37:01

Am going to see about working some extra hours to build up a repairs fund for anything unexpected that comes up.

nancerama Tue 09-Oct-12 18:20:04

Bloody hell! Apparently we're exchanging contracts tomorrow and moving next Friday. Mad dash now to hire a moving company. Everywhere is booked out already. Our vendors can't be flexible about moving date at all. I wish someone had bothered to tell me about this at some point in the process so I could have provisionally booked in somewhere.

ouchmyfanjo Tue 09-Oct-12 22:35:29

Hi everyone. Can i share my frustration with you?
We have made four offers and are within 4% of asking price on a house that has been on for over a year.nobody else is in the running at the moment.
All they do is reject, not once have they put forward a counter offer yet ea says they are v keen to move! They are asking us to increase again despite our last offer being final and they dont suggest how much more would be needed to close deal. I feel like walking away but can't see amything else i like. Aaaaaarggghhhh!

AlexanderS Wed 10-Oct-12 13:28:42

If you have said the last offer is final I think you need to keep your word and walk away. Otherwise if you make an offer that they accept it's going to make the rest of the negotiations difficult - they won't take what you say at face value. There will be other houses.

LondonSuperTrooper Wed 10-Oct-12 13:50:20

I'd say offer what you think the house is worth to you. You must like it if you have increased your offer 4 times.

I was in a similar situation to you last year and decided to walk away. To this day, I STILL regret my decision.... especially as the sale price was only £1.5k more than my final offer and I could have afforded to buy it at the sale price.

financialwizard Wed 10-Oct-12 13:54:33

nancerama I am EXTREMELEY jealous sad . I just want to get moved, but no things are dragging on sllllooooooooooowwwwwwwwwwwwllllllyyyyyy still.

LondonSuperTrooper Wed 10-Oct-12 14:01:45

nancerama Congratulations!!!!! What a pain about the moving date though.

Finance hopefully the process will speed up for you. Do you have any exchange dates yet?

weedonleg Wed 10-Oct-12 14:04:40

ouch I sympathise. We have just made our third offer on a property, and are now at 3% off the asking price. And we are cash buyers in rented (although the house has only just come on the market yesterday).

You need to tell the agent that you won't bid against yourself, that you need the vendor to tell you what price they are looking for. We did that and our buyer said 2% below asking. There's only 5K between that and our latest offer so I'm hoping they will accept.

GreenEggsAndNichts Wed 10-Oct-12 14:12:00

ouch personally I would ring the EA, tell them the last price was final, and if they are interested in proceeding they can get back to you. I think unless their asking price is particularly good (and it obviously isn't, if it's been on the market for a year) they're being unreasonable. When you say they won't even respond with a counter offer, despite you offering 4 times, that makes me question just how "v keen" they are to move!

Unless you really, really want that particular house, of course. I'd just personally take the gamble that the EA (once you've been firm and said x is my price) will suggest they take the offer. And if they don't, well, I don't know. Again, goes back to how much you want that particular house. Depending how big your area is, houses come on the market all the time.

ouchmyfanjo Wed 10-Oct-12 14:46:49

Hi.thanks for the replies.i have done just as you all said and told them that is our best offer.i am starting to look again...
Weed i hope you get your place.if you relly like it and you can afford maybe it is worth going up a bi more? And i thought this was a buyers market! hmm
Greeneggs thank you.i know the ea want the sale.i wonder how motivated they are to move.btw if you want to minimise outlay go for a survey before searches.may even be worth asking a local builder to look at the place.i have a friend who did this and got a good idea of condition of property and cost of any potential work before even making an offer.

Squitch Wed 10-Oct-12 20:59:05

Can I join in? We put an offer in last Friday on the perfect house for us, but it was turned down. Upped the offer today and half of the couple (they're getting divorced) have accepted and we're now just waiting for the other to agree to it. I'm trying not to be too excited as I have heard that they have been battling over the price for about 18 months now sad

ouchmyfanjo Wed 10-Oct-12 22:19:22

Squitch sorry to hear you are having a nail biting time you think you are far off and would you be willing/able to go any higher?
If you can bear it it may be worth sitting tight a while. I find it really hard though.keep checking my phone and getting distracted. Keep us posted. Fingers crossed you may hear something positive tomorrow.

Squitch Thu 11-Oct-12 07:27:24

Thanks Ouch. We're 20% under the asking price and could afford to go higher but I don't think it's worth more than that. It is nailbiting, but our plan is to sit tight. The house has been on the market for 18 months and the only reason it's not sold is because it's priced way to high - i don't think the couple have parted on the best terms and according to my source (my mate whose mum knows them) - if one accepts an offer the other rejects it, mainly just to piss each other off.

They must need to sell it now though, both have other mortgages - Hopefully today will bring good news!

marykat2004 Thu 11-Oct-12 08:56:51

Haven 't read all the threads yet but joining in this thread. Our property is on the market, and we are looking to buy in another town. Possibly that could be difficult as other town is 2 hours away. Saw some great houses last time we went there. Going to look this weekend, too, but can't put in any offers until we have an offer on ours.

nancerama Thu 11-Oct-12 11:48:55

We didn't exchange yesterday. The solicitor at the top of the chain decided to go AWOL. So long as we exchange today, we're still on track to complete next week.

LondonSuperTrooper Thu 11-Oct-12 11:54:07

Whhhhhhhhoooo that's great news!

financialwizard Thu 11-Oct-12 12:12:01

Squitch I feel your pain, only we are at exchange stage and are waiting on the financial agreement between vendor and stbxwife before we can proceed. I sincerely hope that they come to an agreement soon because although we are in work accomodation and can sit tight it is still not ideal.

LondonSuperTrooper thanks, we are still holding on at the moment. Hopefully we will find out soon but I hope that they don't want to re negotiate on price because if they do they are going to have to wait until after my husband returns from his work trip in December (goes this weekend). If they don't re negotiate we can complete without him.

nancerama Sorry to hear you didn't exchange yesterday. Hopefully things will get sorted today for you.

To everyone selling as well, keep your chin up. It will happen eventually smile

ComradeJing Thu 11-Oct-12 12:20:48

May I join please?

We have found what I think is a perfect house for us. Weirdly it was the first place that we walked into and DH and I loved it within about ten paces of the front door. It's well within budget and ticks all of our boxes. However, since they bloody auction everything here (Sydney) we have to wait until this Saturday to see if we win it. I'm hoping that we will - the biggest danger is that we will spend too much or that some crazy person comes in and goes madly over the top on price. There has been lots of interest too so who knows.

So fingers crossed for Saturday.

DH is away on work but will be phone bidding via an auction rep who will bid on our behalf. I'm torn between staying away from the whole thing and going down and watching. I am 35 weeks pg though and with DD who is almost two so not sure if that's a good idea!

nancerama Thu 11-Oct-12 13:09:22

We've exchanged! 8 days to go until move day. I've had a civilised cup of tea and a chat with our vendor today - she's lovely and we've exchanged numbers in case we need to discuss any last minute things.

Suddenly I'm not very stressed. grin

weedonleg Thu 11-Oct-12 13:28:41

Congrats on the exchange nancerama! And hello everyone who has just joined. Our offer of 3% off the asking price was rejected, so we upped it by 5K (which is what they said they wanted all along) and it was accepted.

Feeling a tiny bit miffed we didn't manage to get anything more than 2% off (we're largely cash buyers and in rented for god's sake!) but do think the house was fairly priced, is in a very unique setting and we know that it will be a stunning home once we've got our hands on it.

We've a agreed a completion date in Feb (to coincide with our rental agreement) and the vendors have said they will move into rented if they can't find a chain free house, although that's obviously not binding. Here's hoping though!

wendybird77 Thu 11-Oct-12 17:43:31

Congratulations to all those with progress and fingers crossed for those still waiting! We are in the waiting camp at the moment. My solicitor is awesome - everything gets done the first day it can be done and everything gets emailed over as soon as it comes in. Just waiting for their solicitors to come back about some enquiries and then we are ready to exchange. Just in the process of picking out flooring hopefully to be installed before we move in, which builders think is possible (if only they would ever get the quote back to me!). I think we are going to be in by the middle of November with new flooring and doors where they should be! Good thing as we've invited about 20 or so people over for Thanksgiving grin I don't love the house, but am so looking forward to getting settled in and maybe I will love it once I've got my hands on it.

financialwizard Fri 12-Oct-12 07:55:33

nancerama envy

wendybird77 I have been picking out flooring and curtains and all the other stuff we need (have a large spreadsheet - it is amazing how much the little things add up to). I am also trying to get the flooring and painting done before we move in (end of November/Beginning of Dec) but I am not holding my breath at the moment as we are still waiting for the matrimonial home rights issue to resolve. We are just debating how long to give the vendor before considering pulling out. Probably January. The offer runs out in March and whilst we aren't in a major hurry it would be taking the piss if it carried on that long. The vendor sold us the house on the basis we could do a quick sale and now we are wating on him.

LondonSuperTrooper Fri 12-Oct-12 09:17:47

nancerama- Congratulations!!!

weed - can understand why you are miffed but hey the offer was accepted smile

wendy I'm assuming that you cannot do the flooring until you complete the sale?

We went to view our house to be last night with my parents.... I still love it and now I'm really excited about moving in. We've still got a long way to go though. Estate agent seems to think that we can exchange in 4-6 weeks as the vendors & us are chain free!! I think that puts us right in the middle of Christmas? Not sure whether that would be a good move.

nancerama Fri 12-Oct-12 10:23:16

London go for it. Nobody wants to move at Christmas. You should have your pick of moving dates, and think of all the lovely bits of fabric and furniture you can pick up in the January sales.

So long as your survey doesn't uncover anything horrible and you both have good solicitors it will fly by in no time.

LondonSuperTrooper Fri 12-Oct-12 11:25:45

nancerama You mean that I should over at Christmas?

ComradeJing Fri 12-Oct-12 11:31:52

London 4 - 6 weeks puts you at mid november. Still a little way before Christmas!

Lawyer has looked through the house contract and nothing has been flagged as an issue.

So nervous and excited about the auction tomorrow. Wish us luck!

LondonSuperTrooper Fri 12-Oct-12 11:55:40

ComradeJing I know.. however I do think that the estate agent is being optimistic as our offer was only accepted 10 days ago! So far we have not had survey done etc. I guess middle of December is the worst case scenario and I was keen to find out what everyone though.

Best of luck with the auction!!!

financialwizard Sat 13-Oct-12 08:31:48

ComradeJing - good luck today. Will keep my fingers firmly crossed.

London - I would definately go for a move mid-December. I am in my husbands work accomodation though and although it is still our home at the moment I would kill to be in our own house.

Still no news on our front. I am getting incredibly impatient now. I just want to know if I can buy a Christmas Tree or whether I have to hold off to get it when in the new house! I know

MadBusLadyHauntsTheMetro Sat 13-Oct-12 11:53:56

I'm FED UP with this shit.

Nothing has happened, we're not in a process or anything. I'm just fed up with looking (six months, in ever less ambitious areas as we discover we can't afford them), and having EVERYTHING half-decent turn out to have problems with it the cumulatively (because it's never just one bloody problem) put us off.

Last house we bought, I might add, was covered in nicotine and cat piss and had a flooded cellar, and the survey was as thick as a telephone directory, so I wouldn't say I'm particularly princessy about house-buying.

The latest house we like has shitloads of artex everywhere which could cost a bloody fortune to remove if it has absestos in it, which we won't know until we can knock chunks of wall out to get it tested, AND it has some old extensions which I'm not confident there'll be PP & BR for because the vendors were pretty vague about when they were built, AND they are waiting for something to come up in a hens-teeth like catchment area, and they've already turned down houses in it, so they could be sitting in the bloody thing forever and I WANT A CHRISTMAS TREE!

DP won't talk to me about it any more, he thinks I need to stop worrying. sad But he's also understandably fed up with his ridiculous commute and occasionally gets really antsy about it and suddenly wants to do something random like move into another rented flat instead, but that just puts the whole buying thing even further into the future.


I am in a tizz wazz. Help.

AlexanderS Sat 13-Oct-12 13:11:25

Woah there, MadBusLady! If you like the house, if you really like it, you should put in an offer and then if it's accepted get a survey. The survey will answer your questions about the artex and the extension, or suggest who to go to for further advice. Only once you've got all the information can you really make a decision about whether or not to go ahead with the purchase. It will all work out, you're just experiencing a bit of house-hunting fatigue!

MadBusLadyHauntsTheMetro Sat 13-Oct-12 14:09:27

Thanks AlexanderS. You're right, I know. I'm not even sure whether I really like the house any more. It's not perfect, but we could live with its downsides for the sake of moving on with our lives. That's maybe why the thought of a long, hassle-filled buying process is upsetting me so much - because the prize on offer is supposed to be "an easier life". It's not a dream house or anything, it's just better than what we've got.

I've not really liked any of the 25-odd houses we've seen TBH.

I am House-zilla. sad

noddyholder Sat 13-Oct-12 14:13:52

After a year in rented and lots of mind changing and rejected offers I have finally bought somewhere. It is an executors sale though and the person selling is in another town so took our low cash offer on the advice of the agent. It needs everything doing which is what I do for a living but I was looking for the finished article but couldn't find in location I like.It was on for offers over and I still offered 10% below an they took it. Agent even admitted it is very difficult atm as vendors just won't be realistic

RCheshire Sat 13-Oct-12 14:23:20


We've been looking for 18 months now (in rented for 15 months) and have only found two places which were both suitable and appropriately priced. Both were repossessions. We offered on one and came up 20k short against one other person interested so we let it go.

We continue to look, increasingly flexible in requirement and location, but unwilling to pay today's 'average price' which we feel will look very silly in 5 years time.

MadBusLadyHauntsTheMetro Sat 13-Oct-12 14:29:17

I dunno, things do seem to move reasonably fast in the area we're looking now. sad So the market considers the asking prices realistic. There's just not much on, not much coming on, and whenever anything does come on we all have to pounce for it, pretty much whether we like it or not. It's better value than areas we started out looking in, but that's not saying much.

It's so rubbish. It makes me want to chuck the whole thing in, but I'm not sure that really cuts off any noses except my own. I hate renting, not being in control of the fabric and decor and not being able to sort out the rodent problem properly, rather than just getting some blokes in to kill them all every six months, which is our letting agent's preferred approach.

MadBusLadyHauntsTheMetro Sat 13-Oct-12 14:29:53

Yes, sorry - congrats Noddy! I am a right misery today.

noddyholder Sat 13-Oct-12 15:02:41

Keep going I didn't think there were any bargains left but there are and I think next year will be a lot better. Even with all the work ours needs it was a bargain as the seller just didn't want a long drawn out sale

MadBusLadyHauntsTheMetro Sat 13-Oct-12 16:22:55

<fortifies self with chocolate buttons>

Squitch Sat 13-Oct-12 16:49:53

Well they've accepted our offer now, so I guess now comes the hard grown up bit! I still can't quite believe its happened, we put in a VERY cheeky offer of 170, which they declined (its on the market for 210) and so we upped it to 175 (which caused lots of arguments as I said if they wouldnt accept 170 there was no way on EARTH they were going to accept 175) and they did!


AlexanderS Sat 13-Oct-12 16:54:43

There are bargains out there, I think we're getting a bargain. Have just realised that the price of the house we're buying has dropped by 18% since it was first put on the market in the spring.

financialwizard Sat 13-Oct-12 17:25:19

Sits next to MadBusLadyHauntsTheMetro munching a pack of chocolate buttons too....

MadBusLadyHauntsTheMetro Sat 13-Oct-12 18:49:18

Your need for chocolate buttons is probably greater than mine Wizard. You're actually in a process, whereas I am merely in a tizz. grin

We each keep phoning our parents for general Dadvice. (We are in our thirties).

wendybird77 Sat 13-Oct-12 18:52:44

London - No, of course no work until we complete. We are aiming to complete by the 31st of October and then I've got the builder tentatively scheduled to come do the works before we move in in mid-November. It is one of the perks of being in rented with a lovely understanding landlady!

Mad lady - that is exactly how I feel about our house. Not my dream house, but as good as we can get and that is good enough! We hit house fatigue and I capitulated. But we have to move out as landlady needs the house back.

FW - What is the hold up? How frustrating!!

Noddy - Congratulations!! We got ours for 18% under asking - just about 2004 prices. Still outrageous for what it is, but it makes me feel better about buying now (which is probably not a smart financial decision, but good for our family).

MadBusLadyHauntsTheMetro Sat 13-Oct-12 18:57:00

And also congrats to Squitch! And good luck for the months weeks ahead.

TigerFeet Sat 13-Oct-12 19:12:41

<peeks in>

Our house is on the market, we've seen the house we want but the only offer we've had was withdrawn 24 hours later. I'm just hoping the house we want is still on the market when we finally get shot of this one, it's perfect for us, 4 bed detached with big garden.

Good luck to all of you smile

KatoPotato Sun 14-Oct-12 00:31:49

Hey all, went to a viewing today and finally found a house that's true to its photographs! (Damned estate agents fish eye lens!)

Love love it, going to put in a note if interest on Monday!

ComradeJing Sun 14-Oct-12 07:04:21

Hi everyone, I seem to have said this on every thread on MN hmm but we got the house. grin

6 weeks until settlement so now we have to push, push, push to get the mortgage through.

KatoPotato Sun 14-Oct-12 08:53:35

Huge congratulations Comrade fingers crossed for a smooth process! Are you delighted?

ComradeJing Sun 14-Oct-12 11:48:17

Yep, absolutely thrilled. Really couldn't be happier.

Didn't get it as cheaply as we hoped and went 2000 over budget but DH said it was worth it just to not house hunt any more. grin

VolumeOfACone Sun 14-Oct-12 13:23:21

I've just spotted a new house on rightmove which doesn't have what we need (enough bedrooms) and does have something we didn't want (it's on quite a main road), but I'm really excited about it! Location is good, price looks good, rooms all decent sizes, sensible layout, garden not too big and not too small.

We could make that extra bathroom upstairs another bedroom by the time we need it, and it's quite tree-y in the front so that should muffle the noise from the road.

There is nothing out there that's exactly right so... got to compromise compromise compromise!

financialwizard Sun 14-Oct-12 15:45:51

wendybird77 It involves waiting for the stbxwife agreeing on a financial settlement.

Now I am wondering if I did the right thing knowing that this was lodged with land Reg in the first place confused

financialwizard Mon 15-Oct-12 17:10:18

The solicitors have asked for my buildings insurance to commence from tomorrow, so fingers crossed they have everything they need to exchange contracts tomorrow. Keep your fingers crossed ladies, I am not convinced!

ClareMarriott Mon 15-Oct-12 18:23:54

Financial Wizard

The home rights issue is a new one of me - have never heard of that before - hope it all works out for you !!


Personally, I would walk way from your proposed purchase. If you are saying you are being lent £10k, there will be the expense of replacing a flat roof in the near future ( a flat roof has a life of about 10 years and if water is already pooling then it could be sooner than you think ) and there has been building done not to planning permission or regulations, then you could be storing up problems for yourselves when you come to try and sell it . Clare

wendybird77 Tue 16-Oct-12 07:46:15

Fingers crossed FW!

LondonSuperTrooper Tue 16-Oct-12 08:19:03

Finance Good luck! Hope that you will exchange today smile

financialwizard Tue 16-Oct-12 09:13:28

So do I. I am on tenterhooks already and my solicitors are not open yet grin

LondonSuperTrooper Tue 16-Oct-12 09:47:33

LOL, well let us know how you get on. Best of luck with bothering your solicitor wink

KatoPotato Tue 16-Oct-12 10:08:09

Hey everyone, we're going to look at the house we love again on Thursday and taking FIL.

Spoke to Mortage Adviser last night who's found us a 3 year fixed at 3.19% deal! he's going to apply for our maximum budget amount (which we won't realistically stretch to) so fingers crossed!

LondonSuperTrooper Tue 16-Oct-12 10:37:22

Kato how much deposit are you putting down? Your mortgage deal is GREAT! Take it now!

KatoPotato Tue 16-Oct-12 11:40:05

Hey LST it's a 75% LTV it's a broker deal through Accord.

Just waiting for something to go wrong; the HR and single survey (Scotland) is spotless, the price is great but my Solicitor thinks we can go lower, school catchment is spot on, I completely adore the place and it fits our very quirky requirements!

We're trying not to get too ahead of ourselves but DH has already made plans in his head to paint the attic/office as a Green Screen room! (as you do!)

Solicitor thinks we're in the perfect position to offer low, with our flexible move date (from immediately to Feb) but I've stressed to her how important the house is to us.

Woodlands Tue 16-Oct-12 12:02:46

Hello, can I join? Am also on the sellers' thread... We have had an offer accepted on a quirky house we really love, though the location wasn't our no 1 choice. You can't have everything. Our mortgage has been agreed. We have been agonising about whether to go for the homebuyers' or full structural survey but have decided to go for the homebuyers and then get a builder to come and have a look at it with us and help us work out what actually needs doing. It has a dodgy 70s loft conversion which will need some work doing, and there may also be a damp issue. We will also need to replace the kitchen and redecorate. We're not sure whether it will need rewiring and a new boiler. My FIL thinks not - he came and had a look and said the wiring is elderly but was done well in the first place and has been well maintained, and the boiler has been regularly serviced so we can probably just wait till it breaks down and then replace. We have about £20k set aside to do work to the property.

financialwizard Tue 16-Oct-12 12:03:35

Well I chased my solicitors today and they have got the 'matrimonial home rights' removal undertaking from the vendors solicitors. She has to get confirmation from the lendor that they are happy to release funds Friday 26/10 and then we can exchange. Big BUT coming though. They have to speak to my husband on the day of exchange by 5pm and he is teaching some army vehicle driver training in the middle of nowhere. This will be interesting.....lmao.


KatoPotato Tue 16-Oct-12 12:07:38

Hi Woodlands yes I also have concerns about our attic conversion. Truth be told I'm just looking for something to go wrong, but it's very nicely done and has a proper fixed staircase.

Keep me updated with this please, my FIL is coming to our next viewing of dream house to do exactly the same!

LondonSuperTrooper Tue 16-Oct-12 12:52:36

Kato thanks for sharing your mortgage deal. I've got one with Skipton with a whopping interest rate of 4.69%.... but we only have 15% deposit. And do try and be positive and hopefully things will stay on track .

Finanace yay! This is great news! I'm sure that they will be able to get hold of your DH. I'm keeping my fingers crossed for you.

Woodlands I think that you are being very sensible by taking a builder with you. I think we've decided on a survey in between the homebuyer's report and the full structural.

financialwizard Tue 16-Oct-12 12:57:19

London. Not to make you all pig sick or anything but I am on a 2.89% deal with Barclays. I have got a 48% deposit though (been lucky with houses going up in value).

I hope they can. Very very excited now!

KatoPotato Tue 16-Oct-12 13:00:50

Oh just spotted your post financial hoo-bloody-ray! are you breathing normally yet? I almost forgive you for your sexy sexy interest rate!

It's probably for the best that my manicures have been struck from the new budget, reckon I'm going to be chomping them off for the foreseeable!

LondonSuperTrooper Tue 16-Oct-12 13:06:06

Finance envyenvyenvyenvyenvyenvyenvy

Kato Well done on being so positive grin

nancerama Tue 16-Oct-12 17:26:05

I'm so glad we're moving this week. We managed to get a 2.7% rate with the Coop, but that would have shot up by a whole percent if we didn't complete this month.

financialwizard Tue 16-Oct-12 18:20:52

Good going nancerama

I am stressing now. Flaming husband is not going to be home any time soon. Son is on the phone with his girlfriend constantly trying to push me into making arrangements to take him and his girlfriend to the cinema which is over 50 minutes away from the new house which will need wall paper stripping and all sorts with a two year old in tow. Must start thinking of the positives instead of the stress andtellsontosodoff

tedglenn Tue 16-Oct-12 18:21:35

I think we'll need to look whether it is worth us redeeming our mortgage (paying a 3k penalty) and switching before we move in Feb - we're on with HSBC at about 5.5% fixed (until 2014, when we can exit and remortgage with no penalties). Got a 150K mortgage (15 years remaining) with >50% deposit. Can anyone do the maths for me?

financialwizard Wed 17-Oct-12 11:57:57

Feeling it today ladies. No news on exchange (the solicitor is waiting for the lender to confirm they can release funds Friday next week). The painter and decorator I was going to use has gone awol and my son has been declined entrance to the school I put him in for due to being oversubscribed.

financialwizard Wed 17-Oct-12 11:58:17

Can I cry now?

financialwizard Wed 17-Oct-12 14:41:39

Meltdown, now we are ready to exchange but the solicitor cannot get hold of my husband because he is in a field somewhere in the middle of nowhere. angry Why are these things never simple?

LondonSuperTrooper Wed 17-Oct-12 14:59:26

Finance So sorry that your DS didn't get into school of your choice. How old is he?

Hope that the solicitor can get hold of your DH. Hope that he'll get through to him soon.

I'll keep everything crossed for you.

financialwizard Wed 17-Oct-12 15:21:16

Thanks London DS is 11, the school he has been offered is 6 miles away so I will accept it but am still going to appeal for the one nearest us as it is 1.1 miles away, and is a sporting excellence school which would be fabulous for DS.

nancerama Wed 17-Oct-12 15:47:52

wizard I have everything crossed for you.

financialwizard Wed 17-Oct-12 16:03:50

I can stop getting so wound up now. We have EXCHANGED!!!!!!! I cannot tell you how excited I am to be able to plan and buy things now! OMG I am a nightmare.

Thank you for putting up with me ladies.

KatoPotato Wed 17-Oct-12 22:51:34

Oh financial! Thank god! I missed this thread today so sorry for late hand holding! Sorry about DS but I'm sure everything will work out! X

financialwizard Thu 18-Oct-12 07:37:18

Thanks ladies.

I really hope everything starts going smoothly for you all. Will keep my fingerscrossed xx

LondonSuperTrooper Thu 18-Oct-12 08:05:36

Congratulations Finance!!!

What a fab way to start the day.

wendybird77 Thu 18-Oct-12 08:10:39

Just catching up - CONGRATULATIONS FW!!! Excellent news!

We are still twiddling our thumbs over here waiting for an exchange date. I am starting to get excited, though not looking forward to stripping wallpaper!

financialwizard Thu 18-Oct-12 08:29:48

ha ha ha ha ha, I was thinking exactly the same about the wallpaper wendy

KatoPotato Thu 18-Oct-12 22:56:20

Wahhhh! Hey guys, well this afternoon I got a call from solicitor to say an offer had been put in on the house we want so they were looking to go for a closing date! Went to view this evening as planned and we've decided to put in an offer of the home report value plus £2k for all their appliances...

Spirael Fri 19-Oct-12 08:55:56

Hi all, can I join you? smile I have finally sold my property (14 months on the market-!) and put an offer in for our dream house. Currently waiting impatiently for their response.

Situation is that a small group of luxury houses were built by a developer who went bust before completion, so have now been reposessed by the bank. The house we're looking at was incomplete but has now been finished by contractors. However it has no carpets, all the paintwork is just undercoat and some of the fittings have been rushed and/or are low quality. (Others are really good quality!)

An identical house they built but on the road opposite sold a couple of months ago. It was listed at £310k but I think sold for £290k, from speaking with the EA. (Price not published yet.)

The difference is that the sold house was the show home, so completely finished off with flooring, better fixtures and fittings. It also has a South facing garden (as opposed to North) that is 1/3rd bigger and isn't on a private side road. (i.e. no road maintenance costs required.)

The house we want is listed at £300k, since May. We've gone in with a starting offer of £250k and cited the reasons above and stamp duty.

Do you think we have a chance? confused We can go a bit higher (and afford the jump in SD) if necessary... But might have to live with no floors for a year!!

Woodlands Fri 19-Oct-12 11:19:03

I would imagine they should bite your hand off at that, Spirael. They'll just want to get rid of it. In fact I would have advised going in at £235k to give you room to settle on £250k! But I really think they would be silly not to accept that in the circumstances. Fingers crossed!

KatoPotato Fri 19-Oct-12 12:05:09

Oh lordy.

Closing date was 4minutes ago... Our offer is in...

financialwizard Fri 19-Oct-12 12:56:43

Good luck Spirael and KatoPotato

KatoPotato Fri 19-Oct-12 13:39:19

They've only gone and accepted our offer! It was 'very very very close' apparently! I think our £250 may have swung it hahahaha!

financialwizard Fri 19-Oct-12 13:42:56

Wooooooooooooooooooooooooooooooooooooooo hoooooooooooooooooooooo so pleased for you. Let the stress begin grin

Spirael Fri 19-Oct-12 14:23:42

Things not going quite so smoothly here, the EA got back to me with the old "We have a higher offer on the table..." ploy to get me to increase our offer. Funny that another offer should turn up now after months of no interest. hmm

Well, I'm rubbish at negotiating so have been persuaded to £265k. Though to be honest I think that's a more realistic price anyway, given the house/area/etc. It's still fractionally lower than our best and final, and I won't feel like we're being ripped off, though we wouldn't be getting a bargain. But then we're not after one - we're after our forever home!

Our higher offer has got the requirement that they lay flooring, which the EA didn't think would be a problem. Apparently they were expecting that. Having flooring laid would save us quite a few thousand and a lot of hassle.

Been told there's no chance of a response before next week though, so will have to sit tight for the weekend. sad Will prep to brace myself to be hard nosed if we're refused, present our best and final and then walk away.

Would be a lot easier if I didn't love the house. wink But if I didn't love the house I wouldn't be prepared to spend over a quarter of a million pounds on it!!

tedglenn Fri 19-Oct-12 14:39:13

don't worry spirael - its always hard to negotiate when you love the house. We're chain-free in rented, with a tiny mortgage to port over from our last house sale, and we still only managed to get 2% off the asking price of the house we're buying. Reason being, we fell in love. It happens with every house we've bought over the last 10 years, we've never managed to get a 'deal'. However, as a result we have always lived in really nice locations, and been able to transform the houses into stunning homes, which we have enjoyed living in, and which people are prepared to pay a big premium for when we sell. So it all works out in the end.

Spirael Fri 19-Oct-12 16:39:00

Grr, I hate waiting! We informed our buyers immediately with our decision(s) during the negotiating stage. Stupid banks, stupid EA's! They'd better come back favourably next week after taking all this time to decide. wink

I'm fairly certain there is no other offer, outside the EA's head. DH and I were 99% sure our first offer would be refused as too low anyway, given recent sales in the area and such. I'm guessing this is just the EA's tactic to increase it.

Assuming the competition is imaginary then we're optimistic our higher offer should be accepted, or just need a tiny increase. Especially since it turns out the other house went for £285k rather than £290k. Thanks for dropping that one, EA. wink

Anyone else had any experience of EA's making up offers?

No big premiums here, we lost at least £20k selling our house, tedglenn!

KatoPotato Fri 19-Oct-12 17:07:49

Yuck yuck spireal fingers crossed! I am continually sceptical about the other offer on the table in our case, but we are happy with what we bid and not going to dwell on it.

Hope you hear soon

Spirael Sat 20-Oct-12 11:41:14

Ugh... Drove out this morning just to double check the house/area and there was another couple viewing, without the EA. They were parked in the drive and peering through the windows. So it looks like we do have rivals after all. angry

They were an OAP couple though and they didn't notice/realise we were there, we stopped far enough away we could have been visiting someone else on the street. So we have the advantage that we know there probably is another offer on the table after all, whereas they might not be sure.

We also can guess that they've probably been asked to increase their offer - which is why they were having another look around this morning. So hopefully they're wavering on whether or not to and will decide to back off!

We're not maxed yet, we have another £10k we could increase by relatively comfortably and not feel like we were overpaying. I reckon that's around what the house is worth at the moment. It may decrease throughout the remainder of the recession, but we're planning on staying for the long haul so that's not a huge concern.

The EA would come back to us if the other couple's offer increased ours, right? confused To give us a chance to bid higher, so the house sells for more and they earn a bigger commission? We're in England, so it's not the closed Scottish system.

Hmm... Or would we be better to jump in right now with the higher offer? confused

This is basically the only house we like on the market in the area at the present. If we don't get it, we'll have to go into rented for the foreseeable and wait for another forever house to come along. Meaning moving twice, finding a place for the cats and all that chaos.

Spirael Sat 20-Oct-12 16:04:53

[sigh] It's gone to best and final offers. Well we've submitted ours, now we just need to sit tight until they announce the results on Wednesday.

Not looking hopeful, is it? sad

Oh well... At least I've found somewhere we could rent. Not great, but workable for the next few months. Guess we'll end up sitting it out until spring and hoping some new potentials come up at that point!

nancerama Sat 20-Oct-12 21:56:00

We're in! I'm now having a serious purge of belongings after filling 2 trucks from my little 2 up 2 down terrace blush

Our lovely vendors left us a card and a bottle of bubbly. She must be a mumsnetter.

The boiler packed up at our old house today. I had it serviced last week for the new owner, but I feel so embarrassed anyway.

wendybird77 Sun 21-Oct-12 08:30:12

Congratulations Kato Potato!! Excellent news!

Spirael - what rotten luck! But it's not over until it's over. A long wait until Wednesday though. Sorry.

We are here waiting. Turns out the sellers solicitors did respond to enquiries over a week ago and our solicitor is the one who hadn't moved on it! Annoying as I just clarified the 'waiting' position last week as I need to transfer some money from abroad before we can exchange (and close) but was waiting in hope the exchange rate would improve. Looks like I'm going to have to suck the bad rate and just get the money over here and ready to go. Hopefully then we'll exchange this week and actually close on the 31st. In the meantime I'm annoying our builder by continually changing my mind on heating options (underfloor - electric or wet, skirting board heating, designer rads??). Also, our mover has just told us he can't do the dates we'd thought we'd agreed. So I think we're going to have to change movers, or dates.

In the meantime, I am having a good clear out. Toys, clothes, clutter and crap beware! Our new house is going to be organised, beautiful and never get dirty. We will become responsible people who have lovely routine, mow the lawn every week and our children will go to be at bedtime and not stir until 7am. I live in delusion hope anyway grin

financialwizard Sun 21-Oct-12 08:40:50

Congratulations nancerama

We have decided to move in early December when my DH is back from his travels. Impatient me doesn't want to wait but it is probably a good decision.

nancerama Sun 21-Oct-12 09:36:59

Spirael I do hope it's good news for you. We were in a similar position earlier in the year. A place had been on the market for ages with no interest - even the owners told us how disappointed they were that there had been hardly any viewings. . We put in an offer and went in at asking price because we loved the house so much and didn't want to mess around. The agents kept making noises that they couldn't get hold of the owners, but it transpired that once our offer was on the table they had a renewed marketing push and spent the next week showing loads of people round - someone put in a higher offer and we lost it. It worked out OK for us though. Our new place is in a better area and is much bigger.

nancerama Sun 21-Oct-12 09:40:40

Wendybird if you're based in the South East, I can recommend Winchester Removals. They did the most outstanding job for us - speedy, efficient, careful and really lovely guys. They came good for us when we had to find a company with just over a week's notice.

Spirael Mon 22-Oct-12 09:57:29

Congratulations, nancerama! Must be a relief to finally be in and sorted. smile

I wish I had a crystal ball so I knew how everything will play out here. I wouldn't mind waiting if I knew there was definitely light at the end of the tunnel and how long it would take to reach it-!

But with the absence of a crystal ball, I'm busy climbing the walls here. Trying frantically not to get stressed, ending up stressing myself out more - argh! After taking 14 months to sell, I thought this would be the easy bit. sad

As well as dwelling on the flaws of the house we've offered on and ignoring all the good points, I'm currently trying to convince myself we've lost out and prepare accordingly, in an effort to not be too distressed on Wednesday.

So, has anyone here sold and gone into rented accomodation while searching for somewhere to buy? Got any advice for how to go about it?

We'll be temporarily downsizing from 3 bed semi to 2 bed flat, most likely, before eventually moving into a 4 bed detached! So we'll need to arrange some storage, as I want to keep my lovely furniture for when we eventually get a house big enough for it.

LondonSuperTrooper Tue 23-Oct-12 09:46:56

nancerama Congratulations!!

Spirael Best of luck with everything!

Well, I've just found out that we still do NOT have the mortgage approved yet (for the residential property). It's been 22 blooming days. Does anyone know long this usually takes?

financialwizard Tue 23-Oct-12 11:08:06

London I am an ex mortgage underwriter so know quite a bit, if you want to PM me the lender and what has happened so far I can talk you through it.

ComradeJing Tue 23-Oct-12 12:03:44

Hi everyone, it's been a week or so since I last posted.

Good luck spirael and congratulations nancerama!

London, give the bank a kick up the arse! I bet someone's gone on holiday and forgotten your file.

Really struggling here after the high of winning at auction. 5 weeks now until settlement date and hopefully have an answer on the mortgage within the next couple of days. Major stumbling block we have come across is that I stupidly put the title for the property we are borrowing against in our shipment from China. Luckily the moving company has fucked up our shipment so everything will should arrive within time to complete settlement but it looks touch and go. Have asked the bank to complete settlement without the title on the proviso that they will receive the settlement as soon as it comes out of the shipment.

Really frightening though - if they say no and something happens to the shipment then we will lose the house and lose the deposit. Fingers crossed.

Sorry blush this isn't hugely interesting but I needed to vent.

Good news is the official valuation for the house we are buying has just come in as equal to what we paid for it. Thank god as I was bricking it that we had massively over paid. Still waiting for the valuation of the property we are borrowing against and fingers crossed for a good outcome there too.

Fingers crossed and best wishes to all.

Woodlands Fri 26-Oct-12 15:27:04

Spirael I keep checking to see if there is any news from you?

wendybird77 Fri 26-Oct-12 16:28:58

Yes, spirael?? Hope it went your way.

We exchanged yesterday and complete next Friday. I suspect the vendors are miffed that we are going to be 2 days late, but the mortgage co takes that long to release funds, so nothing we can do. It is quite exciting as I can start ordering things now. Now if only my builder would get back to me with answers to my questions so that I can order the right things so we can actually get this work done and get moved in. I can't believe it is all going to go so smoothly - we offered the end of September and we've gotten this done in just over 4 weeks. final last words

Spirael Fri 26-Oct-12 16:42:09

Finally got our answer today after days of chasing and waiting... Our offer has been accepted!! grin grin grin

All go here, gotta get a variety of information to a variety of people, but our whole chain seems motivated to get the move arranged ASAP and be in for Christmas. Fingers crossed it's smooth sailing from here-!

financialwizard Fri 26-Oct-12 17:01:23

Very excited for you Spirael and wendybird77

Good news from me too, I completed today. Have the keys in an envelope on the coffee table. Can't open them yet though because I promised my husband I'd wait until he gets home.

Tomorrow we have someone in to measure up for the flooring we want put down, and am going to be having a chat with my decorator to confirm how much it is going to cost for the whole house to be re painted.

wendybird77 Fri 26-Oct-12 17:19:51

Ah congratulations to you both Spirael and FW!! Can't believe we are going to be in soon as well. Really looking forward to getting in and getting settled.

financialwizard Fri 26-Oct-12 20:32:30

Me too, although not moving in until December 4th. Got works going on before then.

KatoPotato Sun 28-Oct-12 09:23:50

Hooray Spirael

We've been given the 14th Dec as our date and am anxiously awaiting the full mortgage offer coming through!!!

LondonSuperTrooper Wed 31-Oct-12 16:06:51

Congratulations Spiral & Finance
I'm really excited for you both.

financialwizard Wed 31-Oct-12 17:13:28

I know I have completed now, but am soooo excited. Final quote for decoration should come in tomorrow and the guy should start at the weekend if the quote is any good. I feel like things are starting to move at last. Not least because I have also bought some very expensive tiles for the WC, Ensuite and Bathroom. Was originally getting vinyl put down but I can't help myself.

LondonSuperTrooper Wed 31-Oct-12 18:35:20

Well, after buying the expensive tiles I'm keeping my fingers crossed that the you will get a reasonable quote from your decorator. Good luck!

LondonSuperTrooper Thu 01-Nov-12 08:45:00

The house that we are hoping to buy may be put back on the market as of lunchtime today - Waaahhh sad

4 weeks down the line and the flipping mortgage provider still haven't approved our mortgage ..... The vendor is getting nervous due to our lack of commitment!!!

Has anyone else come across something like this? Shall I start looking for another mortgage? But that may take up another 3-4 weeks to come through!

I just don't know what to do.

financialwizard Thu 01-Nov-12 08:54:01

Have you spoken to the mortgage provider and asked what the hold up is? At this stage I was chasing on the phone every 2 days very impatient person alert

financialwizard Thu 01-Nov-12 08:55:38

I hate waiting for quotes. I wish they would just call me and tell me the damage.

Not going to the house today either, so I am going to be twiddling my thumbs after picking up my order from Wilko's (curtain poles).

Doing my head in!

noddyholder Thu 01-Nov-12 08:56:15

Ours has fallen through so back to square one!

financialwizard Thu 01-Nov-12 09:08:10

Oh no. So sorry noddy

noddyholder Thu 01-Nov-12 09:11:49

Thanks FW back to square one! When I have been looking for 'projects' it has been easy but this is a home for us and we just can't find anywhere!Survey was dire though the seller had lied extensively

LondonSuperTrooper Thu 01-Nov-12 10:27:32

Finance the hold up is due to some deposits made into my current account. They are also querying the source of our deposit!! My mortgage broker says that they are wanting to reject our application but he's trying to hold it all together. I'm thinking well they can go to hell and I'll try and get a mortgage from elsewhere..... am I being very naive?!

Noddy I'm so sorry. You must be gutted.

LondonSuperTrooper Thu 01-Nov-12 10:28:41

Finance hope that you get the quotes through very soon. When are they expected to provide the quotes for you?

Spirael Thu 01-Nov-12 10:29:56

Sorry to hear that, noddyholder. sad Hopefully you'll find the perfect house soon and have an issue free purchase!

Agree with chasing everyone, LondonSuperTrooper. I hate phoning people and I hate feeling like I'm nagging, but for house moving it seems to be the only way to keep things moving. It also shows committment/dedication from your side and might reassure your sellers?

Things seem to be going smoothly here so far... Been steadily signing the various bits of paperwork for solicitors and mortgages, sending off all the various bits of ID and evidence, etc!

Touch wood, but no-one has indicated any problems so far and things seem to be happening promptly.

Still waiting for an estimated completion date though... How long should it take before we're given one? Really, really want to be in before Christmas!

noddyholder Thu 01-Nov-12 11:19:01

Thanks am still optimistic even if dp isn't! smile

financialwizard Thu 01-Nov-12 11:19:18

Spirael you won't get a completion date until your mortgage offer is in place. Just keep chasing!

London They are supposed to be coming back to me today but they are very laid back which frustrates the hell out of me. I have got someone else who has quoted (a lot) but I need to tell him today/tomorrow. I really don't want to be in a situation where I lose both decorators because the whole house needs to be done before 23/11.

AlexanderS Thu 01-Nov-12 12:50:30

Hi all,

Just thought I'd pop my head in and catch up with everybody. Congrats, financialwizard.

We finally got our mortgage offer last Friday, went into the solictors Monday to sign the contract and now need to hand over our deposit and stamp duty. Our moving day is provisionally 7th December, subject to the seller's agreement.

Our mortgage offer took ages to come through London, and our provider also queried the source of our deposit. I just kept chasing them.

TheMethren Sat 03-Nov-12 02:03:52

London we are in a very similar situation - mortgage application submitted almost a month ago, no progress since, poor communication from our broker who has been away (and uncontactable) twice during that time, lender apparently losing paperwork, vendors threatening to put the house back on the market.

We decided enough was enough on Tuesday and have submitted a new application with a new broker who is fab and has already achieved more progress in 3 days than our previous one managed in 3 weeks.

Our old broker advised us against putting in a new application because it would damage our credit rating hmm, but we passed the credit checks for the new application with no problems.

It still remains to be seen whether the new application is approved in the time frame the vendors want, but I would definitely consider changing brokers if you can find one that seems likely to do the job better. For us it has been worth it just to deal with someone who answers emails/phone calls and takes our concerns seriously.

marykat2004 Sat 03-Nov-12 12:17:40

Hi I want to join in although we're waiting to get an offer on our flat before putting in any offers on anything we've viewed. I have a few questions that I wonder if anyone can answer...

1. Are there properties for sale that are NOT on Is it worth walking down streets in your chosen town looking for for sale signs?

2. The very first property that interested us, that we had booked to view, was "sold" and our viewing cancelled. A few days ago it came up on again. A month after it went off. The questions here are: can I find out why the sale fell through? Was there a survey, and the buyer requested to drop the price, and the seller refused? What I heard when we were interested was that the seller was not in a hurry and was holding out for a good offer. The building is empty and even boarded up at the moment. We passed it recently just to look and saw the boards. it's got sort of a shop front, huge windows (business potential though at the moment it is listed as residential). We were not sure about the area anyway, but it's so unusual we wanted to at least look.


marykat2004 Sat 03-Nov-12 12:20:46

Oops just saw that that unusual property is "Sold STC".

However, I still want to ask about property coming back onto rightmove after being "sold" as another house we liked was also "sold" but has appeared again as a "new listing". So what's that about? Do we stand any chance of finding out why?

rubydoobydoo Sat 03-Nov-12 12:51:22

Mind if I join in? First time buyers here, and we've just had our first very cheekily low offer turned down on a lovely 4 bed semi (with a range cooker and built in spice rack in the kitchen!) so are about to start negotiating!

We also have a viewing on another house today which was the favourite one when we first started looking.

indiegrrl Sat 03-Nov-12 18:43:56

Hi, another potential buyer here. We've had plain sailing so far - someone's buying our place and seems keen, the person we are buying from has been really reasonable and is moving into a vacant property, so the chain is very small and all local. But this is the time when surveys come in...we think there is no problem with ours (buyers have had it for 2 weeks and want to come and measure up for furniture tomorrow, so nothing's put them off) but we've been told to get a damp and timber report and a structural engineer's report on the place we want by our mortgage provider...the area we want to move to does have a bit of subsidence so fingers crossed it is nothing more major than that. DP away with work for next few weeks so I'm doing all of it, glad this thread exists for support.

rubydoobydoo Sat 03-Nov-12 21:11:45

We have a spanner in the works - I LOVED the house we saw today - it needs a lot more work than the one we're haggling for, but a neon sign saying "project" started flashing on and off in my head and hasn't stopped yet! (I wondered why it was so cheap for a house that size!) Downstairs is pretty much renovated, the upstairs and the garden need quite a bit of TLC though.

DP loved it too but prefers the one we've made an offer on - I think they're neck and neck for me, so I'm happy to go along with the haggling, they both have great kitchens! So the one we looked at today is our favourite dream home #2.

bumbez Sun 04-Nov-12 08:02:05

Hi everyone,

We finally completed a couple of weeks ago, no Internet as yet so have nicked DH iPad.

It cost us an extra grand in the end as we had to rent our house by the day till HSBC released the money. They have agreed to refund us the legal fees though, dh wrote them a very stroppy letter!

FW congrats to you, we too are faced with a mammoth decorating task we had one quote in but was quite high, thinking of doing it all ourselves to save the money.

Indie - surveyors could just be covering themselves re damp, and timber reports and structural. Be wary of companies that say things need a course of damp proofing though - they often don't identify the cause just recommend unnessesay treatments. Lots of previous threads on the subject !

Mary - things come back on to rightmove all the time - buyers change their minds, long chains collapse or surveys throw up scary problems, the estate agents should tell you the reason .

Good luck ruby lovely to have 2 you like smile

indiegrrl Sun 04-Nov-12 12:26:19

Thanks bumbez! Yes, we are very lucky because our vendor is very, very straightforward and also we know good builders locally. Getting an independent surveyor to do the damp and timber, as he has no vested interest in recommending a damp proof course. I can see us having to decorate ourselves, though, to save money for any structural work...ah well, not the end of the world. Waiting for the reports is frustrating though. Glad I'm in work this coming week, it'll stop me going all over the internet trying to get more information.

financialwizard Sun 04-Nov-12 16:59:46

Bumbez if I could do the decorating I would but with a DC2 in tow and a husband working away until the week we move in it is nigh on impossible. In the end I went with the guy off of rated people instead of using my Dad's friends contact. Have really pissed people off but I no longer care whole other issue .

Went to the house yesterday and the boiler has a pressure fault, so will have to call out British Gas this week (it is maintained by them). Oh the joys. Not even moved in yet.

LondonSuperTrooper Sun 04-Nov-12 18:06:08

TheMethren Thanks for the advice. I spoke to my broker on Thursday and expressed my frustrations. My broker is absolutely fab though, it's the building society who are being a pain in the backside. We have now directly applied for a mortgage with another building society and stopped the previous mortgage from going through (apparently we were on the verge of being offered a mortgage with some stipulations attached!)

My DH and I said no thanks and felt quite awful about the hard work that our broker has put in in order to get us the previous deal.

LondonSuperTrooper Sun 04-Nov-12 18:07:41

Oh FW what a nightmare. I hope that the boiler can be fixed very easily.

And don't worry about annoying people, do what's right for you.

marykat2004 Sun 04-Nov-12 22:12:22

Bumbeez - "the estate agents should tell you the reason ." - I heard something on the radio about that awhile back. A survey came up that a house had a mine under it. The estate agent knew this and didn't tell the buyers (I guess the previous potential buyer had pulled out because of the mine). But the estate agent was breaking the law by not telling. So legally they have to tell you why a house has gone back on the market after being "sold". But it seems like a lot of estate agents still don't tell.

marykat2004 Sun 04-Nov-12 22:14:36

Sorry I mean 'bumbez'. Bit tired, long half term.

financialwizard Mon 05-Nov-12 09:49:01

Thanks London I am not too worried about annoying people, but neither my Mum nor Dad is talking to me now whoops Although thinking about it it might be peaceful for a while!

LondonSuperTrooper Mon 05-Nov-12 10:21:11

Hmm I like your thinking FW wink

But why aren't they talking to you?

financialwizard Mon 05-Nov-12 10:45:51

Whole other story!

LondonSuperTrooper Tue 06-Nov-12 09:31:17

The mortgage valuation & building survey is taking place today!! We've only just applied for the mortgage with the new lender. Had to fork out for both surveys just so that the vendor will not put the house back on the market angry

I'm hoping that the valuation will be in the region of our offer and that there isn't anything wrong with the house. Surveyor said that I can ring him close of play today to find out his thoughts. Please send me your good luck vibes.

LondonSuperTrooper Tue 06-Nov-12 09:31:51

How is everyone else getting on?

FW have you got the quotes that you've been waiting for?

financialwizard Tue 06-Nov-12 10:42:09

For the tiling? yes, got 1 other quote. Practically the same as Dads friends SIL. However it is a friend of mine and my husband doesn't want to mix business with pleasure anymore so I have contacted the place where I got the tiles from and they gave me a couple of recommended local tradesman and their numbers so I have called and left messages for them to call me back and discuss my requirements.

rubydoobydoo Tue 06-Nov-12 18:08:19

We're hoping to get out agreement in principal today (fingers crossed).

OUr seller wants a bit more time to think about our offer, I think that's a good sign! smile

financialwizard Tue 06-Nov-12 19:25:10

Wooooooooooooooooh good luck rubydoobydoo

rubydoobydoo Tue 06-Nov-12 20:42:58

Grrrr the mortgage adviser has been away, hopefully agreement in principal tomorrow now!

We're trying to decide whether to go for the full structural survey or the homebuyer's report. We're leaning slightly on the side of the full survey - I think the house was built around the 60's (after googling house styles from different decades!) - there's a bit on the side with a flat roof (looking at other houses in the street it looks like it used to have a garage that's been converted then extended over on the first floor too). There's also a strange sort of lean-to bit on the back - so I think I'd like to be reassured that none of the extra bits are going to fall off any time soon!

Spirael Wed 07-Nov-12 08:40:45

Things are slowly creeping forwards here. DH spoke with the bank yesterday and they've now processed our application. grin Mortgage offer was put in yesterday's post, so we should hopefully receive that today and can sign and send it back tomorrow to arrive Friday.

Should I take a copy of the mortgage offer and show it to the solicitors? We still haven't got an estimated date for exchange/completion, but with the mortgage offer in place will they be able to give us one..?

Still really hoping to be in before Christmas! It's feasible, right? We're the end of a chain of three, and everyone is motivated to move ASAP. Not heard of any delays further down the chain.

financialwizard Wed 07-Nov-12 12:27:39

Your solicitor will also get a copy in the post and be sending you a pack with other boring stuff to agree to.

It is perfectly feasible to get moving before Christmas, just keep pushing your conveyancer and the EA.

digerd Wed 07-Nov-12 19:36:38

I had surveys done on 2 different houses before deciding, and went to a solicitor only after deciding which house I wanted. The one I chose was ready to move in, but my solicitor phoned me after I had moved in to say the council could not find a building control certificate for the rear flat roof extension, although there was planning permission granted. After a year the flat roof had to be redone completely as was in a terrible condition despite surveyor saying it was in " fair condition", and had leaked down the ceiling light in lounge.

digerd Wed 07-Nov-12 19:39:05

ps flat roof was 30 years old and never been re-done.

rubydoobydoo Wed 07-Nov-12 22:38:11

Offer accepted at 5% below asking price! (doing happy dance) Just waiting on the mortgage now, but our adviser says it's pretty much in the bag, he's just trying to get us a slightly better rate.

Our flat roof is over the master bedroom, hope it's ok. I'm trying not to get TOO excited yet but can't help planning what colour I'm going to paint the kitchen! MY kitchen - yippee! grin

Spirael Thu 08-Nov-12 09:34:16

Congratulations, rubydoobydoo! grin Hope it's all smooth running from here.

Happy here; There was a bit of a dispute about carpets/flooring for our new house. It currently doesn't have any, as it's a new build now being sold off by the bank after the building firm went bust.

The advertising states that a choice of flooring is available and we specified with our offer that we would want flooring laid.

For a while it looked like they might refuse to lay flooring, or that they would but it'd be cream carpet throughout. shock Not good with a toddler and hopefully more DC to come!

Got a call back yesterday that instead I'll be given a budget for mid-range flooring throughout and can work with a local supplier to choose what I want in each room.

Result! grin

I like a bit of colour, looks like I'll get it. Cream or neutral throughout, combined with the currently pure white walls until we can get around to painting them, would have driven me bonkers. And been filthy within a week.

hap77 Thu 08-Nov-12 10:47:40

Hi all!

Have spent the art few weeks being a regular lurker but hoping to join you now. My husband and I are currently in the process of buying the rented house we currently live in. Am a FTB although we tried to buy another house in 2007 which we loved and got gazumped the day before exchange. Survey was done days ago and nothing back from that yet but whole process was started weeks ago. I just want some sort of answer now, it has been a hugely stressful experience. Our mortgage offer went through fine before but I seem to be really worrying this time round.

Good luck to everyone else going through the house buying.

financialwizard Thu 08-Nov-12 19:55:48

Good news from me, the painter and decorator has started work today and the boiler got fixed so I feel like we are moving forwards. Still not heard anything from the tiler so I am getting my husband to call him tomorrow and if no response I am going to book someone else. Getting pissed off with them now.

rubydoobydoo Sat 10-Nov-12 20:26:32

We're thinking of switching mortgage advisors- ours has now promised to call us for the last 3 days - and every time we've finally called HIM we get excuses and he says he'll call us tomorrow!
We're getting a bit frustrated now - our lovely house now says "Sold STC" on the details but they won't remove it from the market without the agreement in principal.

financialwizard Sun 11-Nov-12 07:29:23

If you haven't got the agreement in priciple yet ruby I would be going elsewhere. I don't work in the mortgage market anymore but I can recommend a couple of good brokers if you need me to.

We got a text from the tiler (Dads friends SIL) to tell us that he doesn't have the time to do the tiling. Lucky we had already started looking at alternatives. Frustrating!

How is everyone else getting on?

rubydoobydoo Sun 11-Nov-12 11:29:02

I'll name and shame as they've pissed me off now - we were going with London and Country - they seemed full of promises but have come up with absolutely zilch with not even a call for an update! So we're sacking them!

We're going to try the one based at the estate agents - we had a meeting with him before we made our offer and he already has all our details, and thinks he can sort something out for us quickly. It's Your Move - do you know if they're any good financialwizard ?We were put off him at first as he was determined to sell us a few Aviva products as well, but after the experience we're having with L&C he seems a better bet (and we know where to find him haha)

financialwizard Sun 11-Nov-12 12:26:39

That really really surprises me about London & County tbh. I have never heard anything bad said against them.

The only thing I will say about using the guy at Yourmove is please check that they are whole of market.

I would have suggested L&C or Mortgage Advice Bureau or John Charcols website (although I think they now charge).

marykat2004 Sun 11-Nov-12 14:20:44

Not a mortgage related question, but is it acceptable to get a friend who's a builder to have a little look around a house before you even get a survey done? Before we complete on our sale we only have enough money for one survey on a house we want to buy. There is one we have an eye on but it needs a lot of work. If we have a mate take a quick look he can give us an idea whether we are wasting our time - we have a finite amount of money once we sell as we will be going for being mortgage-free.

And, on the same query, would anyone have a ballpark figure on the cost of putting in central heating and a new kitchen in a 5 bedroom Victorian Terrace?

financialwizard Sun 11-Nov-12 18:30:16

marykat definately go for a 'second viewing' with your builder friend and let them pick over everything. Most of the time they will be more helpful than your average surveyor.

Cost of central heating? Could be looking at 3-4k dependent on whether you need new pipe work or not.

New kitchen can be anything from 3-30k dependent on how big and who you go through. A friend of mine said if you go to Howdens or somewhere like that make sure you get your own fitter quotes.

marykat2004 Sun 11-Nov-12 21:45:10

Thanks, financialwizard. Will do. Just can't wait to get an offer on our place. I think we'll take the builder on our next tour of houses if he's free when we go look. There are a couple we have our eyes on, all need a little work..

financialwizard Mon 12-Nov-12 09:38:32

If you have narrowed it down to 2/3 houses definately do that. I wouldn't take them to every house you are looking at though.

rubydoobydoo Mon 12-Nov-12 20:24:56

We've officially sacked our L&C adviser now - not only did he NOT speak to Nationwide as he'd said, he also told us he had contacted the estate agents for us which we have now found out never happened either! I want to put in a complaint once we have everything sorted as it's caused an extra fortnight of stress for us.

Our new broker is being very thorough, we've had a couple of credit check problems (Experian hate me even though I've always paid everything off in full for some reason!) but he's going through options we have and keeping us updated regularly. I suppose you get what you pay for! Fingers crossed.

digerd Mon 12-Nov-12 20:57:42


I had an estimate for a new boiler + 4 radiators , 2bed bungalow, in Thames Valley area 4 years ago, from b British Gas with £200 discount, and was £4,600, another firm wanted £5.800. Guess it depends on where you live.

digerd Mon 12-Nov-12 21:03:43

My brother for free would have done a better job than my Surveyor, but he valued the house at £5,000 less than the asking price, which is taken into account by the estate agent. I always had a surveyor first.

financialwizard Tue 13-Nov-12 08:01:21

Where do you live digerd ? My 2 bed mid terrace in Hampshire (Not far from Winchester) had a new boiler and piping done for 1.6k about 5 years ago.

marykat2004 Tue 13-Nov-12 10:52:11

financialwizard - I mean for second-look viewings. I wouldn't take a builder on first viewing because houses can turn out to be very different to what you see online. Sometimes you can walk in a place and just think "no way" right away. So if we had it narrowed down I would take a builder friend.

Thanks for central heating quotes. This was a massive house but I have found out that the offer we would have to put in was too low anyway.

And now getting pessimistic about selling or being in a position to buy before Christmas.

So... when does the market pick up again? February? March? April?

SunsetSongster Wed 14-Nov-12 15:22:21

Hello all. I've been lurking on this and the sellers thread for a while. We've put our house on the market and have had some interest including a low(ish) offer.
Only problem is that I am now unsure we can borrow the amount we need to make the move. We have really hefty childcare fees and I think it means we could not borrow enough with the lender we were looking at. I just phoned L&C (I know someone upthread had problems with them but I don't really know any other brokers) and they said there are some lenders who only look at multiples and that we could get the amount we need at the moment anyway. One they mentioned was NatWest but when I did their online calculator they ask for monthly outgoings and our lending power drops back down again.
I know this is all for a reason but I have costed it all out and while it would be tight I think we can cope with stretching ourselves. I'm a bit unsure now though whether we should be taking our house of the market. I don't really want to be the collapsing part of the chain but we could really do with more space.

financialwizard Wed 14-Nov-12 19:19:14

marykat I thought so, I clearly was having a brain fart.

rubydoobydoo Wed 14-Nov-12 23:06:16

Hi SunsetSongster, don't worry, our L&C adviser has miraculously come back to life even though we sacked him and rang earlier as he thinks he's found us something! So we're keeping our options open - just not making any plans to wait in for his calls!
Our OTHER adviser has uncovered a couple of mistakes on DP's credit file which explains us failing a couple of checks, so that is being sorted before we apply again - we're passing all the affordability checks with flying colours.

My built in spice rack is still in sight though smile

financialwizard Thu 15-Nov-12 09:01:02

Fab new ruby at least things are slowly coming together for you.

I had some good news last night - the tiling is not going to cost as much as I thought it was, and he is going to be able to do the tiling next Friday, Excellent news!

I think I am going to be exhausted by the time we move in.

nerdgirl72 Thu 15-Nov-12 19:53:58

Can I join too please? We had an offer accepted on a house nearly two weeks ago, and I have been lurking around this board picking up no end of useful advice. We are buying from an estate and not selling our current home immediately as the new house will need some renovation, so things could move quickly if all goes well.

Now we are waiting (nervously and impatiently) for the survey and it is driving me mad!!

financialwizard Fri 16-Nov-12 14:55:32

Fingers crossed for you nerdgirl72

financialwizard Sun 18-Nov-12 17:03:09

15 sleeps and we are moving into our new home smile

Thanks to everyone on this thread I have kept semi sane!

nerdgirl72 Sun 18-Nov-12 23:56:45

Thanks financialwizard, we are expecting survey to come tomorrow hopefully. We know the house needs a lot of work and so am kind of dreading seeing how much we are letting ourselves in for. We may also need to try to renegotiate the price depending on what comes out, which could hold things up or jeopardise sale I guess. It could be a great family home so just want it not to be anything dealbreaking!

financialwizard Mon 19-Nov-12 07:56:44

Will keep my fingercrossed for you nerdgirl. All this buying houses malarkey is very stressful.

nerdgirl72 Mon 19-Nov-12 10:35:07

It is, but you are so close to moving in so the end is in sight. Only 14 sleeps now!

financialwizard Mon 19-Nov-12 10:47:15

I know, so exciting!

I still think that we should be looking at using a similar process to the scottish one though. Then a lot of the stress would be taken out of it.

LondonSuperTrooper Mon 19-Nov-12 12:33:50

Hi all,

I have been awol as I've been away on business. Just got back to the UK and read the building survey report. I need to rewire the house (probably not a full rewire), recommended to change radiators due to evidence of leaking in the past, replace garage timber frame as it's rotten, clean the guttering as we have a some lovely plants growing in there and to top it off we have asbestos ceilings sad

Realistically, how much should I deduct from our asking price? I am hoping to write to an email by the end of this week to the estate agent in the hope that the vendor will agree to the change in asking price.

I do not wish to alienate the vendor and need to tread carefully. Any pearls of wisdom will be gratefully received. We are practically first time buyers and need all the help that we can get.


KatoPotato Mon 19-Nov-12 12:43:41

Update time! Well I am patiently still awaiting the official offer from NatWest. This was held up thanks to the home report being out of date and needing refreshed but I spoke to broker on Friday who chased them and also got them to switch to their new lower rate that was published that morning.

Today is the day.


JustPretending Mon 19-Nov-12 12:47:58

Would love some advice.

We've found a fixer-upper that ticks boxes in terms of location and layout - but definitely needs money spent to make it a home (currently tenanted).

It's on at that annoying "Offers between X and Y" price - with a 40K gap between X and Y.

We put in a cheeky "10K under X" offer but have been told there's a "very high" offer on the table. We'd like to offer more and can afford to, but have had a sale fall through previously due to offer being accepted but low surveyor's mortgage valuation.

But - as there's 50K between us and Y, we're completely in the dark about how much extra to offer.

What would you do?

financialwizard Mon 19-Nov-12 15:05:21

London can you take a builder round to the house with you and get them to give you a 'worst case scenario' quote before you start negotiating down? At least then you would have a ball park figure. If you can't you definately need to get some quotes from somewhere.

Just I wouldn't go any higher at this stage, it is very convenient that there is a higher offer on the table now and I would be suspicious because I don't trust estate agents as far as I could spit

financialwizard Mon 19-Nov-12 15:06:03

Fingers crossed for you Kato

JustPretending Mon 19-Nov-12 16:27:12

Financial Wizard Thanks - they're saying it's halfway between X and Y at present. I've said we're interested but... prepared to walk. And want to sleep on it.

We have now been looking for 11 months (is that a record???) and need to draw a line under it all to be honest. But not at silly money! We'll see.

financialwizard Tue 20-Nov-12 08:23:15

Fingerscrossed things go your way.

How is everyone else getting on?

Spirael Tue 20-Nov-12 09:05:55

Going greyer, here! The solicitors for the house we're buying haven't sent all the documents to our solicitors. Their original solicitor is on maternity leave and her replacement is off sick and apparently no-one else can access the files. hmm

Our solicitors contact me, to contact the estate agents, to contact their head office, to contact the bank, who contact the solicitors, and then in reverse, every time messages need to go back and forth.

Got fed up yesterday, demanded the direct contact details of each solicitor and insisted that they talk to one another-!!

The bank is saying we need to be completed within 3 weeks, our solicitors is currently quoting 6-8 weeks. Not sure how that is going to work.

Off to kick some butts to make sure we complete before Christmas!

Woodlands Tue 20-Nov-12 09:15:06

WHat a pain Spirael!

I haven't been on here for a while. We've had our survey back and although these things always look pretty horrendous, there wasn't anything on there we weren't expecting, and the surveyor agreed with the valuation. We were going to get a builder to come round it with us to give us an idea on costs for the work, but then we thought we aren't going to negotiate on the price, as it's a bit under where it should be because of the stamp duty threshold, and we really want the house anyway, so we may as well crack on. QUeries are going back and forth with the solicitors and contracts are being drawn up. I think all the chain is hoping to move before Christmas so let's hope it can be done!

We popped round to the new house the other day and had a cup of tea with the lovely old lady who's lived there for 50 years (and we're buying the house from the equity release scheme firm rather than her directly). She's so lovely and so thrilled that a young family will be moving in! She had a whole bag of paperwork to go with the house, including the original conveyancing document from when the house was built in 1881, all the plans for the 1971 loft conversion, guarantees for all the double glazing done in 1993 and so on! The house has been so well-cared for and it really shows, even though it's very dated.

Spirael Tue 20-Nov-12 10:43:36

This is like getting blood out of a stone...

Contacted the selling solicitors (to check he's in today - he is) and got told I'm not meant to be calling him, but then got ranted at about our solicitors as apparently he'd sent the info and had received confirmation of receipt!

So called our solicitors and got a wishy-washy murmur that she'd call the selling solicitors at some point about it. Put my foot down and insisted she does so immediately and get the info emailed.

I'm going to need to call them again at lunchtime to make sure it's happened, aren't I?

I'm a bit put out that I'm paying so much for estate agency and solicitor services and seem to be doing all the leg work myself-!!

Glad to hear things are going relatively smoothly for you, Woodlands! It's not Christmas yet, so there's still hope. It sounds like your solicitors are more on the ball than ours. smile

financialwizard Tue 20-Nov-12 13:49:00

Spirael It sounds like it is time to be calling them in on every single thing. I would chase your solicitors up every day or two if I were you given your circumstances.

I would be raging if I were you not a very tolerant person emoticon

poppyboo Tue 20-Nov-12 18:30:18

We're on our second attempt of trying to buy a property after building regs issues on our first attempt this Autumn. Feels liked a lot of money was tipped down the drain.

My DH and I are after a character property but threads like this:

make me very, very nervous as I feel like some problem or other (usually building reg related) are going to crop up...even by staying clear from the obvious like loft conversions there are still knocked through living/dining rooms and ground floor extensions which could potentially have no building reg paperwork if it was done pre-1980.

I feel like giving up at the moment. I wish spring was around the corner when there was more property on the market too!

Woodlands Wed 21-Nov-12 08:44:38

How odd - we are buying a house with a 1971 loft conversion which would definite not pass current building regs. We've talked to the council and they say no problem as it's so old. The survey flagged that it doesn't have the right fire doors but definitely classed it as a bedroom. The vendor, who has lived there for 50 years, has the original plans for the conversion so we can check the construction etc. The survey also commented on where a supporting wall has been knocked through but says that he assumes this must have been done properly as there is no sign of movement. We asked the vendor and she said this was done even before she moved in.

Anyway, our mortgage has gone through fine despite these issues.

Woodlands Wed 21-Nov-12 08:45:53

Bother, meant to post this on the thread you linked to! Getting used to new tablet.

poppyboo Wed 21-Nov-12 09:28:27

woodlands we didn't have mortgage problems at all regarding the no building regs issue. It was the fact that without the building regs paperwork, resale would be tough and we could lose a lot on resale in the future. Apparently, as years go on, buyers are getting nervous about lack of paperwork, especially with loft conversions.

I think in your situation, it's definitely a positive that you have proof when the conversion was done. Things get complicated when there is no paperwork of any kind at all. So there is no proof it was done before 1984 building regs came in. All very complicated!

Spirael Wed 21-Nov-12 09:37:38

Right, we're one step closer! The solicitors finally talked to one another and one email later our solicitor now has the information she needs to progress. She's doing the searches now and hopes to be able to give us a date by the end of the week.

Now I just have to hope that the date is a reasonable one this side of Christmas!

rubydoobydoo Wed 21-Nov-12 23:01:36

We're finally getting somewhere here - we were about to lose all hope of getting a mortgage, but our L&C broker has come up trumps - so sorry James I take back everything I said about you!


We have great payment history and score highly on affordability, but unfairly crap credit scores. Our broker has found us a lender that look at our payment history and affordability! smile

It's pretty much in the bag apparently, has been discussed with the lender, and the final bits of paperwork will be sorted out tomorrow.

This is all great news as our noisy neighbour seems to have returned from wherever he's hiding (we suspect jail!) this week. He can do what he likes when I'm 10 miles away drooling over my spice rack! grin

JustPretending Wed 21-Nov-12 23:16:14

We thought and thought, decided the estate agent was inventing a bidding war, so increased v modestly.

Have been outbid & the other offer is now accepted.

Bah humbug...

Gravenwithdiamonds Fri 23-Nov-12 12:57:16

Argh, have just offered 95% of asking on the house we've been watching for ages - it's been on and off the market twice and reduced already so no idea whether they will accept (they've already rejected our earlier lower offer).

Buying this would mean a real change of life for us - moving out of London, moving schools, big financial commitment etc so I feel rather sick with nerves at the moment and I not sure what I'm more nervous about, whether they accept or don't!

Our Mortgage Offer finally arrived this morning!!!


financialwizard Sat 24-Nov-12 05:35:55

ruby great news.

Just - It clearly is not meant to be, and if it is that offer will fall through.

Graven I will keep my fingers crossed for you

Kato VERY pleased for you grin

My end I have now had the flooring installed, Monday is cleaning day, Wednesday new furniture delivery day and then the following week is removals.

So I shall bid farewell to all you lovely ladies and wish you well in obtaining your dream.

Gravenwithdiamonds Sat 24-Nov-12 11:27:55

<waves goodbye>

Hope you enjoy every minute of your lovely new home financial!

Gravenwithdiamonds Sat 24-Nov-12 11:29:29

Forgot to say, well Done Kato!!

We have not heard on our offer yet - not expecting until Monday at the earliest as I know the vendors have other viewings this weekend and they want to see what will happen with them first.

cheerio financial!'

There's nothing worse than waiting over a weekend!! I feel your pain Graven!

rubydoobydoo Tue 27-Nov-12 19:39:50

Hope you've had some good news Graven - I hate waiting!
Congrats Kato - and bye financialwizard - your advice has been great, enjoy your lovely new home!

After weeks of waiting and uncertainty, it's all systems go here now! We've got our mortgage agreed in principal and instructed a solicitor - and our vendor has made an offer on a property so hopefully we'll be moving even sooner than we thought! Just waiting on a quote for the survey.

Gravenwithdiamonds Tue 27-Nov-12 19:44:28

Well done, that's very speedy ruby

Well, our offer was.....accepted!! Which is great as we really love the house but still need toget our mortgages accepted so I'm not celebrating justyet. We've decided to remortgage our current house and a flat DH owns and use that equity as the deposit -it means we aren't in a chain but have very complicated financing to sort out. I'll believe it when it happens! We have instructed solicitors however and mortgage application goes in thsi week...

That's fantastic news guys!
Graven the mortgage process has been the most harrowing for me! It's taken Natwest 4weeks to sort ours, but it's been a long 4 weeks!

TuttoRhino Tue 27-Nov-12 21:00:01

Congratulations on those who have had offers accepted.

We're still waiting to hear back about our latest offer. We increased it very slightly over the offer we made a couple of weeks ago. The agent recommended that the vendors accept but I think they want to hold out. We made it early Monday and we're still waiting to hear back.

Don't know if that's a good or bad thing. They're obviously mulling it over but we've got no idea which way they'll go.

nerdgirl72 Fri 30-Nov-12 00:14:00

Bye financialwizard, all the best in your new home.

Haven't been able to check in much, but glad to see some offers accepted.

We have had a builder to look at some of issues from the survey and quote is not too bad, so hopefully all systems go, although all is very quiet from our solicitor. Need to do some chasing methinks.

Gravenwithdiamonds Fri 30-Nov-12 07:55:08

Any news tutto?

We've waiting to hear about mortgages - they've been agreed in principle and the full applications have gone in. We 've instructed solicitors and they seem very efficient and nice, which is good. Off t o see the house again next week and we'll also commission the survey.

Still very early dats but it's looking positive at the moment... Fingers crossed for everyone else.

AlexanderS Fri 30-Nov-12 11:34:54

Haven't been on here in a while, but just thought I'd check in to say I'm picking up the keys for my new house this afternoon!

That's so exciting! Congratulations AlexanderS

TuttoRhino Fri 30-Nov-12 21:16:00

Congratulations AlexanderS.

Yes our (higher) offer was accepted. We've got to work on finalising the mortgage offer now. We've got an agreement in principle. Solicitors have been found.

Only issue is a previous claim on insurance relating to subsidence from 10 years ago - turned out it wasn't subsidence after monitoring of the house and the issues were quite minor. However it appears to place some limits on who will insure the place. The current owners have insurance and the cost isn't outrageous so should be ok. Getting a friend who is a surveyor to look at the paperwork though. We're going to get a full structural survey though to double check everything.

Neither of us in a chain so hopefully things will go smoothly. Can't quite believe this might actually happen.

Gravenwithdiamonds Sat 01-Dec-12 07:49:08

Congrats AlexanderS!

Sounds like we're at the same stage as you tutto - not in a chain, just finalising the mortgage offer. We're waiting to hear what documentation the lenders will want to see. Do you have ny idea of when you want to move?

TuttoRhino Sat 01-Dec-12 19:35:53

Yes we're hoping to move in late January / early February. What about you?

Spoke to the estate agents' mortgage broker today and he found us a slightly better deal than the one we came up with. Going to send him the paperwork on Monday to get things rolling.

The borough we're moving to has an extra month to get applications in for primary schools, known as late for a good reason. I hope moving house qualifies but I'm going to contact the local authority this week. We should be in a position to exchange by 15 January so maybe that will suffice.

We went to look at it again today and I feel really excited about moving. It very much needs a new kitchen but it will do until we've got some spare cash. Nothing else seems to need work, bit tired but liveable, but we'll see if the survey throws anything up.

nerdgirl72 Tue 04-Dec-12 00:30:10

Excellent news AlexanderS! Are you moving in straight away?

And great news TuttoRhino. Envious you'll be able to move in straight away.

We are also not in a chain but are buying a place which needs renovating. So won't be moving in straight away as needs dampproofing, rewiring, loads of woodchip removing and as a result of all that replastering! And some building work. But we have gone in eyes open and price we are paying reflects the condition. So rather daunting as I haven't finished some painting I started on maternity leave two years ago!

Gravenwithdiamonds Tue 04-Dec-12 19:48:23

Paperwork goes to broker tomorrow and one of the valuations is happening tomorrow as well.

Also have a 4-rising but I'm not too worried about applications as the new school will have space (small classes) and we're visiting it this week and they know we're after a place. I'll do a mid-transfer for the older DCs as soon as we've some idea of exchange dates.

TBH, I'm not convinced we're going to get our mortgage offers in this climate - we're changing a residential mortgage into BTL, which they're not keen on - trying to stay positive though!

rubydoobydoo Thu 06-Dec-12 19:24:08

Not a lot happening here at the moment! We've sent all the paperwork to the mortgage lenders (last bit went today, they forgot to ask us for something...) and our solicitors are waiting to hear from the vendor's solicitors to start the searches.

Our vendor has had an offer accepted on another property so keen to get things moving as she needs OUR money for her new place!

Mum2Fergus Mon 10-Dec-12 19:44:33

Evening all smile first post on this thread...found the house, deposit sorted, appt at 10am tomorrow for mortgage approval in principle. Excited, nervous...what can I expect folks?!

TuttoRhino Mon 10-Dec-12 20:11:06

Congrats Mum2Fergus. Hmm that it will be really slow?

We spent a week faffing about with the mortgage & brokers only to get things moving on late Friday. Hopefully the survey will be carried out this week. Sent the forms to the solicitors this evening. We're still waiting to hear about the mortgage amount. I'm really not sure how everything works in practice as to whether the final amount only gets confirmed after the survey is carried out. We've got an approximate 55% LTV ratio so am hoping there won't be too many delays.

I'm trying not to get too excited in case the survey comes back with nasty surprises but it's so difficult.

Mum2Fergus Tue 11-Dec-12 14:11:00

Mortgage approved in principle, Sols has Home Report and have formed basis of initial offer. Waiting to hear back from her .....

Mum2Fergus Wed 12-Dec-12 16:46:33

So initial (and in all honest, cheeky) offer was declined...but we've since met in the middle. Offer accepted subject to my arranging gas safety inspection which is booked for next week...all good!

rubydoobydoo Fri 14-Dec-12 22:30:10

We have our full mortgage offer! gringringrin

DP spoke to the solicitor earlier and we're looking at early January for completion. It turns out our vendor is selling two properties and the paperwork for OUR solicitors just may have gone to the solicitors for the other buyers hmm- but hopefully all the searches will be done in the next couple of weeks!

good luck Mum2Fergus - we had our offer accepted at the beginning of November but after lots of stopping and starting things appear to be moving again! (I have come to the ocnclusion that buying a house is a bit like rush hour on the M5!)

Our crap neighbour is getting loud at the moment, I can hear some sort of gangsta rap through the walls, but I sort of want to go round there and give him a hug as if it wasn't for the fact he was such a shit neighbour we'd still be renting here and never would have got our arses into gear and bought a batter house in a nicer area! smile

rubydoobydoo Fri 14-Dec-12 22:31:34

a better house, not a batter house.... I blame the vibrations coming through the wall affecting my typing! wink

Mum2Fergus Sat 15-Dec-12 21:18:08

Thanks Ruby! Delighted to read things are finally moving for you too! Our offer was subject to satisfactory gas safety inspection...its arranged for Tue morn...fingers crossed!

YellowWellies Sun 16-Dec-12 12:47:51

Signing up - we've sold and are moving into rented to give ourselves time to find somewhere we really like (we're moving area and are looking for a long term family home so don't want to rush, even with a new baby!). We're currently in Orkney and moving to Fife so we can't just go and view places just yet - without ferry crossing and an 8 hour drive or a £500 plane trip so we're searching remotely on rightmove until we head south next month.

We just signed the rental agreement and lo and behold our ideal house comes on the market - I was worrying that we'd lose it before we even had time to view so I'm pretty chuffed to hear from everyone's experiences that the market and completions are slow going. Hopefully the timing could work out perfectly that we could make an offer and coincide move in dates with our six month rental contract end. Ahhh things are never that straight forward with house selling and buying are they?!

Mum2Fergus Sun 16-Dec-12 16:06:14

Hi YellowWellies, and welcome! Im in Fife now, Dunfermline to be exact. We've an offer in on a house in Kirkliston, just the other side of the Bridge. If you need anything locally please do let me know smile

YellowWellies Sun 16-Dec-12 16:15:41

Fab hi M2Fergus - we're looking between Dunfermline and Kirkcaldy ideally Aberdour, Kinghorn, N Queensferry or Burntisland (though love South Queensferry too but not how little house you get for your money). I love Fife - we lived there a few years ago - it's so nice being close to Edinburgh and the countryside. Kirkliston is a cracking spot too - are you going for one of the new ones there? The market seems quite slow looking at the reductions I'm seeing on property bee - how have you found it?

Mum2Fergus Sun 16-Dec-12 16:37:51

Not the new ines...we found cracking wee house directly opposite the Primary School. I know its not Fife, but have you seen the plans for Winchburgh? £1b investment over next 15 will be Scotlands newest town...Barratt and Miller are the 2 developers that are onsite now. I was actually on way back from Barratt open event when I spied the Kirkliston house! My thinking is village life but with the new town (just about) on the doorstop.

Dunfermline (IMO) is overdeveloped hence our move. DS is only 3 but already we're on our 3rd choice Primary School! So heaven knows how it will be when he's due to attend.

YellowWellies Sun 16-Dec-12 21:08:46

That's a really good point about the schools! Thanks for the tips!

Mum2Fergus Mon 17-Dec-12 07:11:07

You're I said, if you need anything checking out locally, please do let me know.

Hey again! Just wanted to say thanks and Cheerio to you all! Just spent first night in our very first home of our own!!!

We managed to view and complete within six weeks (Scotland) so it can be done!

Best of luck to everyone on this exciting journey! Xxx

Mum2Fergus Tue 18-Dec-12 21:53:21

Thats encouraging Kato, well done! House passed gas safety inspection today so our offer has been confirmed...Bank in the morn for full mortgage application!

Mum2Fergus Wed 19-Dec-12 15:34:11

Full mortgage application with underwriters as of this afternoon smile fingers crossed for a quick response!

Mum2Fergus Wed 19-Dec-12 17:53:44

Email from Bank...all approved and with Sols for the legal bit...woohoo grin

LondonSuperTrooper Thu 20-Dec-12 09:44:14

Hi Ladies,

I haven't posted on this thread for a long while. Its great that so many have moved on and are in their house for Christmas.

As for us, we have now FINALLY got a mortgage. Unfortunately for us, the vendor has died and the property has to go through probate. I'm hoping that we'll have more houses back on the market after Christmas.

Mum please can you give an indication as to how much the gas certificate safety costs?

TuttoRhino Thu 20-Dec-12 12:49:31

Sorry to hear that LondonSuperTrooper. There seems to be a steady trickle of properties coming onto the market in the areas we're looking in. Today was the first day that I saw a house and thought - oh that one's nice (and cheaper), maybe we should have looked some more. However I know my husband wouldn't like it due to the room sizes.

Congratulations M2F. That was really quick.

Our survey / valuation was carried out yesterday. We've been sorting stuff with the lawyers and should get the first lot of documents today or tomorrow. We're waiting to hear back from our broker about the mortgage. We've had a faff with our bank statements due to having an internet bank which meant specially ordered statements were needed and they've probably been caught up in the Christmas post. They've got our internet statements and need to the proper ones to cross check. I won't be able to relax until we get the mortgage offer confirmed and it sounds as if it might not be before Christmas due to the bank statement issue.

Mum2Fergus Thu 20-Dec-12 16:06:59

Hi London, gas safety certificate was £102 inclusive of VAT. I used the same company that does the inspection for my landlord.

Sols called today to say all checks done and satisfactory! Cant believe how smoothly its all gone! Paperwork coming in post to me tonight and mortgage details have been sent over by Bank.

rubydoobydoo Sun 23-Dec-12 20:59:39

Congrats Mum2Fergus - that was really quick! smile

Fingers crossed TuttoRhino - we didn't need to provide proper statements in the end as they decided internet ones were enough - which is a good thing as I'm still waiting for the proper ones I ordered!

We've had our survey done now - and the extension isn't going to fall off any time soon and it generally seems to be in a reasonable condition for the age of the house (1968-ish). No signs of subsidence either - it's in a former mining area so that's a relief! No damp. The surveyor recommends the only hope for the weird lean-to bit at the back is demolition - but we'll probably keep it as we quite like it! grin (and it's not going to fall off either - if it does then I suppose it's just demolished itself so will save us a job!)

LondonSuperTrooper Mon 24-Dec-12 10:59:52

Tutto Good luck withe bank statements issues. Ours took FOUR weeks till my flipping mortgage lender was happy with the statements provided!

Mum2F Thanks for the info, I'll look into it. We have been told by the EA that the vendor's family are not willing to reduce the price at all. Even though the survey has identified around £10k worth of work that needs to be done to make it safe e.g total rewiring of the house.

LondonSuperTrooper Mon 24-Dec-12 11:00:18

Good news ruby, you must be so relieved!

TuttoRhino Mon 24-Dec-12 14:11:52

I'm very envious M2F. Good news Ruby. Our survey came back with no major issues either. Very relieved.

That timing fills me with dread LST. We've not heard from the mortgage broker so I guess we'll find out after Christmas, which is annoying. Hope the vendors have a think over Christmas and change their minds. It may be too raw for them right now.

rubydoobydoo Sun 06-Jan-13 17:11:38

we've just been to our house to take a few measurements (and glare at the vendor in a "why do you still live here" sort of way! wink )

It's looking like February for the move - there's been a delay in the upward chain a bit as our vendor's vendors have been on holiday over Christmas - but now everyone is back and all the paperwork is with the right solicitors! grin

I still love the place, and it was nice to see it in the daylight. We also went to the local shop and local pub - we really like the neighbourhood! smile

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