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Walk away. We had a similar experience with the scummiest estate agents in Walthamstow. Every property they had went in to closed bids like this with all these requirements. Places usually went well-over asking as a result.
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Pretty standard, though aside from the AIP I was never asked to provide proof of deposit. They will want to go with someone in a position to proceed quickly.
Have you got your agreement in principle? This will be the biggest stumbling block if not.
Solicitor, you wouldn't instruct them until you have found a property so should be ok.
Tell them to stick their in house mortgage team, and survey, your lender will book in your valuation survey. Do not organise a full survey until this has come back.
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Remind the EA of their legal obligation to pass on all offers.
7a By law, you must tell sellers as soon as is reasonably possible about all offers that you
receive at any time until contracts have been exchanged (in Scotland, missives have
been concluded) unless the offer is an amount or type which the seller has specifically
instructed you, in writing, not to pass on. You must confirm each offer in writing to the
seller, and to the buyer who made it, within 2 working days.
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Well_is_it
mustardbeak
Tango130
@ChainBreaker
When an offer is made, what is the next step or 2?
I put in an offer over the weekend and received an email this morning saying
we have received several offers so far and the seller has asked me to get best offers from each proposed buyer.
When placing an offer on a property through us we will ask for the following :~
Proof of deposit and Agreement in principle. (or proof of cash funds).
Solicitor details to be given the same day.
A member of our in house Mortgage Services team to contact you and qualify the offer. (This can take place in branch or over the phone)
If successful and a survey is required then for that survey to be booked within 7 working days. (Countrywide surveyors available and a referral will be made to them on your part unless otherwise advised)
Is this right?