How far into the process do you have to be to get your "sale agreed" badge on an Auctioneers website?
Our prospective house has "sale agreed" in the description but no red badge under the photos like all of the other houses on the same site. Some that even went up after we went Sale Agreed. My nerves aren't able for this 🫣
Hi!
We've been sale agreed for a few weeks now. Everything that we need to get done on our own side of things has been done. I received a phonecall today from my estate agent to tell me that solicitor is looking for something from the vendors solicitor that "does not exist". It's referred to as an "instrument" and it's clearly marked and then later referenced in the folio that I can view through my solicitors portal. He said that the search for this item could take 4-6 weeks and it will create a delay that nobody wants. My solicitor says that it needs to be seen by them for the sale to proceed because it could contain something that impacts us as the buyers.
I agree with my solicitor, obviously. If they don't want a delay then they'd best get searching.
I just want to know if anyone has encountered anything similar and how it turned out in the end?
We're sale agreed and just got our loan offer letter. When it came to applying for the loan offer we were told that both of our salary certs show lower than our payslips suggest (but we still earn enough either way to qualify, according to our broker).
Mine was because my basic salary is for 35 hours a week but I do lots of premium hours and I do 39 hours most weeks. I got a letter from work to confirm this and they seemed to be satisfied with that.
My partner's salary cert is lower than his payslips suggest because he got a pay rise about 2 months ago. The pay rise is permanent but won't be fully reflected in the salary cert for this year, obviously. They don't seem to be satisfied with THAT because as one of our conditions, we need to show a salary cert for the amount that they ✨️ think✨️ it SHOULD be.
Anyone know what the hell?
Yours, me.
EDIT: Just received this from my broker
That’s great news. Congratulations on going sale agreed.
Nua usually look for full funds upfront but they may be happy to condition this for drawdown. Nua can be flexible around these conditions so we can send the loan offer request and see if they would be happy to condition this.
Can you please advise what the purchase price is of the property and the address of the property.
✨️ Some of you need to get back in your boxes. ✨️
We have gone sale agreed on a house which is quite exciting. We just have one issue - our lender wants us to have our stamp duty and solicitor fees ready up front and we don't have that saved yet. Has anyone any experience of asking a seller for a few weeks grace to get the funds together? Even offering a couple of grand more than what you went sale agreed for?
We have other options if it comes to it, we'd just rather get it together by ourselves.
We are looking like we could potentially go sale agreed on a house after the weekend. 🤞🏻 it's the first house we've bid on so it would be a freak situation if it does happen. We have our 10% deposit covered and our AIP is with Nua mortgages.
We do not have our solicitor fees or our stamp duty saved yet but we would have them covered in the next 8 weeks (we get paid weekly).
I've just seen in the terms of the AIP that they would need proof of funds, which includes the stamp duty and the solicitors fees along with the 10%. Do you think they would allow us to say we'll have them saved before closing, as the process moves along?
Does anyone have experience of this with Nua in particular, or even better, does anyone here work for nua?
Thanks
Our 6month AIP has expired and the reapplication is pending. We're in a much better position now than when we got our first approval.
- putting more into savings every month
-both got raises
- credit card cleared and personal loan a few weeks from being cleared.
We just viewed a house that is on the market for a couple of grand more than our original AIP and have fallen in love.
Would it be doable to put a bid on the house now or should I wait to get a valid AIP?
If i do make an offer, should I keep it within the range of the old AIP to play it safe?