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Flat-buying blues!


Clarkey

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Thanks everyone for their comments! I've been bouncing from 1 estate agent website to another today. And I've noticed some other property for similar price range ... but the area isn't that great! :(

 

And it boils down to how important is this property to me. So, after discussing with solicitor, I have decided to procede with the house.

 

The vendor is pushing for a completion date of the 31st of March. I want a completion date of 20th April.

 

What would you guys suggest is the best way of getting my desired completion date ? I'm not keen on the 31st of March - infact for me - that's not do-able. I've not told the estate agent this as yet, all I've done is taken note of the vendor's desired completion date.

 

Property-buying!! :run: :hide: Jesus .. sooo bloody stressful.

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The vendor is pushing for a completion date of the 31st of March. I want a completion date of 20th April.

 

What would you guys suggest is the best way of getting my desired completion date ? I'm not keen on the 31st of March - infact for me - that's not do-able. I've not told the estate agent this as yet, all I've done is taken note of the vendor's desired completion date.

 

You will just have to say you can't do it. Have you got your mortgage offer yet? Besides, if you haven't had your searches done yet the local one at least will take between 5-10days to come back even from online search providers. Plus if your solicitors hasn't actually looked at the paperwork yet he/she may have enquiries to raise on the same.

 

Finally you will need to sign everything, go through the lease and mortgage with your solicitor and get your deposit to them. Then the lender will take 5 working days to get your mortgage funds to your solicitors

 

so....all in all i doubt very much, even if you could that you would make next week for completion. If he is really pushing then your solicitor may be able to negotiate with them that you exchange next week and complete later? - that way everything is legally binding and they know that you are definitely buying - and in turn so do their sellers.

 

Good luck with it all! :)

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Yes. I have my mortgage agreed in writing from the lender.

 

It sounds from what your saying Charlotte - that April 17th is more realistic date anyway.

 

Thanks!!

 

Agreed in principal or the actual offer through? Exactly April sounds a much more realistic date. Stand your ground!

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Agreed in principal or the actual offer through? Exactly April sounds a much more realistic date. Stand your ground!

 

An actual offer valid for 3 months - on that property.

 

I had the mortgage agreed in principal - but that was before the mortgage valuation was done. Then afterwards recieved a letter from Northern Rock and some NR "bumpf"

 

I also had a thought - Maybe my soliciter was being over-cautious deliberately .. in an attempt to string this out ... thus making more money ?

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I also had a thought - Maybe my solicitor was being over-cautious deliberately .. in an attempt to string this out ... thus making more money ?

 

Cool about the offer, that's one less thing to worry about. Your solicitor should have fixed fees - not a lot of conveyancing is hourly rate like other disciplines are.

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Cool about the offer, that's one less thing to worry about. Your solicitor should have fixed fees - not a lot of conveyancing is hourly rate like other disciplines are.

 

I do have fixed quote for the conveyancing. But his hourly rate - would be billed for every additional letter, phone call & appointment etc on top of the fixed fee - that was my understanding anyway.

 

I was refering to the over-cautiousness of the lease bit. I'm a first-time buyer .. and no doubt abit wet-behind the ears with housebuying - and as such I followed his advice with regard to investigating the lease .. so escalating his fees up and above the fixed fee.

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I do have fixed quote for the conveyancing. But his hourly rate - would be billed for every additional letter, phone call & appointment etc on top of the fixed fee - that was my understanding anyway.

 

I was refering to the over-cautiousness of the lease bit. I'm a first-time buyer .. and no doubt abit wet-behind the ears with housebuying - and as such I followed his advice with regard to investigating the lease .. so escalating his fees up and above the fixed fee.

 

Can't believe conveyancers/solicitors still do the charging for extra letters thing, joke. But yeah if that's the case you may incur more cost because of this. Tell him to get on with it!

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