The nervous wait to exchange....

Junglist · 25 Aug 2020 at 09:52

I think I can now finally relax. We moved to my grandmothers at the start of lockdown and had to get the mortgage offer changed to our current address. It was only an admin change but I still expected something at every step to go wrong! New offer has come through and we've been told we'll be moving in within the next 5 weeks.

Excited and now we've been putting our shopping lists together and buying bits and bobs (I never knew how passionate I was about having different kitchen bits match up) it is really starting to hit home that A) We're actually about to become home owners and B) I realise that we have literally no furniture after we sold loads of moving out of our rented place so having to buy pretty much everything.

I may even get a chance to enjoy watching F1 in actual 4K and sat on a sofa before the season is over. Can't wait!

Dan_P · 25 Aug 2020 at 11:18

Has anybody used help to buy recently, preferably help to buy south agent?

We submitted our application on the 10th, however due to our solicitors being shut down on the 13th, we had to amend and resubmit on the 14th. We are still waiting for an update/authority to proceed document - i'm impatient and the conveyancing wont start until this comes through so its frustrating.

Bravetart · 25 Aug 2020 at 11:38

Dan_P said:
Has anybody used help to buy recently, preferably help to buy south agent?

We submitted our application on the 10th, however due to our solicitors being shut down on the 13th, we had to amend and resubmit on the 14th. We are still waiting for an update/authority to proceed document - i'm impatient and the conveyancing wont start until this comes through so its frustrating.

Yep, received our Authority to Exchange from Help to Buy South 2 weeks ago. This was about 2 weeks after receiving mortgage confirmation...I think they became pretty busy with the stamp duty holiday announcement...

Junglist · 25 Aug 2020 at 12:13

Dan_P said:
Has anybody used help to buy recently, preferably help to buy south agent?

We submitted our application on the 10th, however due to our solicitors being shut down on the 13th, we had to amend and resubmit on the 14th. We are still waiting for an update/authority to proceed document - i'm impatient and the conveyancing wont start until this comes through so its frustrating.

We did it at the start of the year and it was painfully slow. We didn't sign 1 page which we had to wait for 10 more business days for it to be corrected. Felt like I was checking their page every few hours for an update.

Dan_P · 25 Aug 2020 at 15:05

Bravetart said:
Yep, received our Authority to Exchange from Help to Buy South 2 weeks ago. This was about 2 weeks after receiving mortgage confirmation...I think they became pretty busy with the stamp duty holiday announcement...

Junglist said:
We did it at the start of the year and it was painfully slow. We didn't sign 1 page which we had to wait for 10 more business days for it to be corrected. Felt like I was checking their page every few hours for an update.

I'm glad you both had similar experiences to us.

I have a terrible feeling i have put 35 year mortgage rather than 30, but i'm going to wait and see rather than risk viewing and editing and starting it all again.

I am hoping that we should get something back this week, i might try ringing them by the end of the week if not (although i doubt this will help).

ash_scotland88 · 25 Aug 2020 at 15:30

Ahleckz said:
Yea I know that we need to pay the extra. We are both putting in equal deposit in terms of the LTV and then my partner is paying the extra to cover the offer over the home report. I have a property I’d sell next year (it’s tenanted atm) which once it sells I’d then add in what I’m due to bring us to 50% equal share.

They aren’t going to accept an offer if it’s going to closing date, especially as it’s gobe to a closing date so quickly.

It's surprising how people may not know this. My other half and me half a written/signed document detailing amounts paid into the deposit for this house. Basically if we seperate and sell he'll get this amount back, I'll get mine, then proceeds 50% as thats how mortgage has been paid.

Liquid_Entity · 25 Aug 2020 at 16:03

Been chasing up our solicitors for the paperwork from vendors solicitors and still nothing sent. Frustrating very frustrating as the estate agents said they wanted a quick sale and my end of the chain is ready and waiting

happy_2008 · 26 Aug 2020 at 23:07

Our property is finally on the market as of today and one viewing booked for the open day already. Hopefully we will have a few more within the next 2 weeks before the open day

Ahleckz · 27 Aug 2020 at 07:31

Offer going in this morning, 13% above home report. It’s a closing day, so everyone just submits their bid blind and the seller decides.

Fingers crossed, should find out this afternoon.

fobose · 27 Aug 2020 at 07:57

Junglist said:
..and B) I realise that we have literally no furniture after we sold loads of moving out of our rented place so having to buy pretty much everything.

I did this when I sold my first house and moved in to my in laws. I stored as much as I could in my brothers double garage (half filled it) and sold the rest regrettably. I wish I kept everything as we had no money when we moved in.

P.s Fingers crossed your move goes ahead as planned

mid_gen · 27 Aug 2020 at 08:22

Ahleckz said:
Offer going in this morning, 13% above home report. It’s a closing day, so everyone just submits their bid blind and the seller decides.

Fingers crossed, should find out this afternoon.

Yeah alright you Scots and your sensible buying process, don't rub it in

Robi · 27 Aug 2020 at 10:36

Offer approved subject to valuation. Valuation taking place today. Hopefully it comes back without issue.

Next up - pay for searches, submit certified documentation to solicitor and then organise a proper survey. Any recommendations for a chartered surveyor in Manchester?

Tossing up between a HomeBuyers report or full RICS building survey.

Tee Hee Johnson · 27 Aug 2020 at 11:27

Ahleckz said:
Offer going in this morning, 13% above home report. It’s a closing day, so everyone just submits their bid blind and the seller decides.

Fingers crossed, should find out this afternoon.

Hope that's enough, been seeing some CRAZY offers over home report in areas we are interested in!

Ahleckz · 27 Aug 2020 at 11:35

Tee Hee Johnson said:
Hope that's enough, been seeing some CRAZY offers over home report in areas we are interested in!

Well it's all we can afford, so fingers crossed!

mid_gen said:
Yeah alright you Scots and your sensible buying process, don't rub it in

Hah, I'm not so sure it's that sensible! It just forces prices up for the buyer.

ash_scotland88 · 27 Aug 2020 at 17:10

Ahleckz said:
Hah, I'm not so sure it's that sensible! It just forces prices up for the buyer.

It also feels like there's not communication and negotiation between buyer and seller.

Junglist · 27 Aug 2020 at 17:54

fobose said:
I did this when I sold my first house and moved in to my in laws. I stored as much as I could in my brothers double garage (half filled it) and sold the rest regrettably. I wish I kept everything as we had no money when we moved in.

P.s Fingers crossed your move goes ahead as planned

We're currently staying at my grandmothers and we are slowly but surely filling up her summer house with lots of our new bits. Took delivery of our Simba mattress yesterday and few other bits like microwave and other kitchen gadgets.

Think she can't wait until we're gone and she gets her space back

Ahleckz · 27 Aug 2020 at 17:54

We didn’t get it, house had 23 offers and we were 6th highest. At least we were a fair bit away!

Junglist · 27 Aug 2020 at 17:56

Probably means there is something better our there for you! And as you say, nice to know you weren't out bid by a few quid!

fobose · 27 Aug 2020 at 17:58

Junglist said:
Took delivery of our Simba mattress yesterday and few other bits like microwave and other kitchen gadgets.

Think she can't wait until we're gone and she gets her space back

My stuff was in my brothers garage for 5 months. His wife kept moaning about it for some reason, she never went in there!! We kept our bed but chucked the knackered old matress. We bought a Leesa one and it was very comfy - we only used it for 6 weeks as we had a new bed delivered

Ahleckz said:
We didn’t get it, house had 23 offers and we were 6th highest. At least we were a fair bit away!

Sorry to hear that, especially as it was a hefty amount over!

ash_scotland88 · 27 Aug 2020 at 22:48

Ahleckz said:
We didn’t get it, house had 23 offers and we were 6th highest. At least we were a fair bit away!

Sorry to hear, not sure any we've offered on have had that many offers! Had 11 for one house and we were 3rd highest with offering 18ish% over, that was like 42k over asking.