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Author Stages of buying
Recaro1
Member

Registered: 25th Mar 02
User status: Offline
26th Nov 06 at 22:31   View User's Profile U2U Member Reply With Quote

So, My offer has been accepted on a house today. Whats the process of buying a house? I have a rough idea but need clarity.

I saw an IFA a while ago so I knew how much i could offer. I know I will have to see him again to have the mortgage in writing/agreed. What else do i need to do?

The estate agent said he would ring tomorrow to ask for my solicitors name, which I dont have as i was going to use the one they recommend, but what sort of money am I looking at for the service? (just so I can make sure I'm not being taken for a ride)

Thanks. Any advice welcome!!
p4uls corsa
Member

Registered: 2nd May 05
Location: BRADFORD
User status: Offline
26th Nov 06 at 22:50   View User's Profile U2U Member Reply With Quote

once offer agreed

survey
mortgage offer in writing from lender
searches
contracts
get keys

[Edited on 26-11-2006 by p4uls corsa]
p4uls corsa
Member

Registered: 2nd May 05
Location: BRADFORD
User status: Offline
26th Nov 06 at 22:53   View User's Profile U2U Member Reply With Quote

my solicitor is costing £375 set fee
searches £200
survey £380
Kerry
Member

Registered: 5th Oct 01
Location: Norwich
User status: Offline
26th Nov 06 at 23:47   View User's Profile U2U Member Reply With Quote

you will get an agreement in principle from the lenders underwriters

They will then instruct 3rd partys which will be legals and valuation

When the lender is happy everything is in place they will move to offer stage which is usually valid for 3 months

Once they get the signed offer back they will look to get a completion date which is where your solicitor comes in.

Then final checks are made and the funds are released and you get your keys

Good luck
Ally
Member

Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
27th Nov 06 at 01:39   View User's Profile U2U Member Reply With Quote

Im sorry but

Offer goes in

stress and numerous phone calls begin

get keys

decorating stress begins

BabyBlade
Member

Registered: 5th Feb 03
Location: Hereford Rides: Ninja 600
User status: Offline
27th Nov 06 at 12:25   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Ally
Im sorry but

Offer goes in

stress and alot x 100000000000 numerous phone calls begin

get keys

decorating stress begins




Recaro1
Member

Registered: 25th Mar 02
User status: Offline
27th Nov 06 at 19:26   View User's Profile U2U Member Reply With Quote

Well, I got a quote of £600 for the solicitors (plus all the government stuff) is that good?

Ally
Member

Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
27th Nov 06 at 19:27   View User's Profile U2U Member Reply With Quote

Mine was £300 + £115 for searches so for where u live thats probably about right
IvIarkgraham
Premium Member

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Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline
8th Jan 07 at 16:37   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Ally
Im sorry but

Offer goes in - done it

stress and numerous phone calls begin - doing it now

get keys - hopefully soon

decorating stress begins - doesnt need decorating



 
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