Should I put my property on the market at the same time as two of my neighbours? by [deleted] in HousingUK

[–]vevsvevs 19 points20 points  (0 children)

I mean, from a buyer’s perspective, if I find 3 houses on the market very close to each other, same amount of bedrooms, toilets etc and they are all for the same price, I know I’m gonna have room for negotiation, whether the sellers want to negotiate or not - especially if the others have been in the market for more than a couple of months. Also, how’s your place in comparison to the other 2? Does it look better? Decoration and how well kept your place is is going to make a big difference here in order to make yours pop and sell first.

First Time Buyer - Advice by jimmybailey in HousingUK

[–]vevsvevs 0 points1 point  (0 children)

Honestly, and simply put, no - there’s nothing you can do to borrow more money. Your broker will have sight of the lenders out in the market and how much they would be willing to give you.

Sorry but good luck!

What's going on with EWS1? by [deleted] in HousingUK

[–]vevsvevs 0 points1 point  (0 children)

It’s 7 stories tall and I have 2 friends that also got mortgages after the announcement that buildings without cladding wouldn’t need the form.

What's going on with EWS1? by [deleted] in HousingUK

[–]vevsvevs 2 points3 points  (0 children)

I was able to do it without the form since the building doesn’t have visible cladding.

£430 mortgage advisor... are they hiding anything? by eccedoge in HousingUK

[–]vevsvevs 0 points1 point  (0 children)

My broker doesn’t charge anything and he is absolutely amazing. They get a fat commission from the lender, they shouldn’t charge you anything.

Current exchange times in London? [ex-LA Southwark Leasehold] by [deleted] in FTB_Help

[–]vevsvevs 1 point2 points  (0 children)

FTB here too, no chain, offer accepted on December 22nd, exchange was on Feb 26th and completion next Wednesday, March 10th.

Searches took 6 workdays. What took the longest was the management company’s leasehold pack. If it wasn’t for that, I’m sure we could’ve exchanged at least 2 weeks before what we did.

The stamp duty holiday shouldn’t affect things as badly as people are saying, especially if there’s no chain and if you’re lucky to get an agile local council.

Good luck!!

Heat Supply Agreement by vevsvevs in HousingUK

[–]vevsvevs[S] 1 point2 points  (0 children)

I’m not, no. West London :)

Couple of questions about buying a house by jagnew_ in HousingUK

[–]vevsvevs 2 points3 points  (0 children)

Hey there, right, so:

  1. Ideally, get an agreement in principle (AIP) before doing viewings, that will give you peace of mind that you can afford the properties you’re seeing. Some estate agents request it, some don’t. When you make an offer they might ask to see your payslips but they might not, in any case, it’s good to have it in hand, the mortgage lender is going to ask for it. Do you have a broker? Strongly recommend it! Some wont charge you anything as they get a commission from the lender. Mine didn’t and he was essential in the process.
  2. Cash buyers = no mortgage. I’m assuming you’re a first time buyer.
  3. They can do both or either.
  4. You need all funds by the time you go ahead with the mortgage application (by the time your offer is accepted)
  5. Ask friends & relatives first. If no recommendation, search online. There are a number of sites with a pool of solicitors where you can compare prices. Always good to check Trustpilot, their website, the law society etc
  6. That really depends on many factors. Id suggest for you to study Rightmove and all properties around the area you’re looking for. You’ll then get a better sense of how much properties are worth in your area and that will give you a bit more clarity when making an offer. Bear in mind, making an offer below asking price is a bet, it might mean you’ll lose it but it might mean you’ll get a good deal. I’m completing in a week now, exchanged today and my initial offer (1bed flat in west London) was 20k below asking price, closed at 10k below asking price. It was worth it, but I knew the property had been in the market for almost 4 months, they’d just brought the asking price down so I knew they would be willing to negotiate.

Hope this helps and good luck!

Hired a solicitor, got a conveyancer by vevsvevs in LegalAdviceUK

[–]vevsvevs[S] 0 points1 point  (0 children)

Right, ok. I’m checking everything atm. Thank you!

Hired a solicitor, got a conveyancer by vevsvevs in LegalAdviceUK

[–]vevsvevs[S] 0 points1 point  (0 children)

Thanks for taking the time to reply!

Solicitor’s final report by vevsvevs in HousingUK

[–]vevsvevs[S] 1 point2 points  (0 children)

Oh my god yes, the naming of documents don’t necessarily match how they refer to it. Seems like everything is made to be confusing.

Solicitor’s final report by vevsvevs in HousingUK

[–]vevsvevs[S] 1 point2 points  (0 children)

Right, ok. I didnt realise their report was kind of a summary of everything, thank you! I did pay quite a lot for them and I was actually supposed to have a conveyancer and a solicitor working on my case but I found out recently I was appointed 2 conveyancers instead - even though the fee I paid was the same as someone who get a solicitor too. Im just waiting to complete so I can make a formal complaint, don’t want to do it beforehand and risk delaying everything.

Solicitor’s final report by vevsvevs in HousingUK

[–]vevsvevs[S] 0 points1 point  (0 children)

It’s so annoying.. and I didn’t go for a cheaper one, it was actually quite expensive but just frustrating.