Owning your own home

The Camden Town branch (top of Parkway) can be seen from space, thanks to all the lights and TVs they leave on 24/7.

wtf#1 'lock the doors and release the zyklon'

wtf#2 what is going on with all those Taz toys?

Shrug to both

hmm
https://keepcalms.com/p/lock-the-doors-and-release-the-zyklon-b/

What is the going rate for an estate agent to sell a house? We've been offered 1.0%. Is that good, high, low?

I think that's pretty standard. Ours offered to do it for 0.9% because we bought through them previously.

Incredible that’s something you can buy.

Partly depends how big your house is, but for "normal" stuff that's pretty reasonable (don't forget to add the VAT in your budgeting).

Is this a *

House of horrors down at 88 Weisskraft Street

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I asked the broker earlier this week to look at asking for an updated deal, and they said 4.14% was available (down from 5.5%). Now... we exchanged at 2pm today, and confirmation of the mortgage deal only came in at 5pm. So I'm very curious to see if I managed to make the cut-off; do solicitors access the funds immediately at the point of exchange, locking that in, or does it just happen at their leisure after? I've emailed everyone involved to ask.

When have you agreed completion to happen?

March 10.

I don’t think solicitors can access your funds at exchange - the bank hasn’t lent you the money yet!

They can’t have security over the property until it’s yours, and that isn’t until completion. So from that angle at least, i don’t think it should be too late to change - whether the terms of the mortgage require you to have it booked in from exchange might make a difference though, I guess?

Well, if I've managed to get the lower deal then big thanks to everyone on here for telling me to ask for it. Fingers crossed.

Normally the solicitor will draw down the funds (and request your deposit/SDLT/completion monies) about 5 days before completion. Obviously check with them, but I’m pretty sure it’s about that long.

Don't panic. Exchange is only when you are committed to purchase. Money won't get drawn down until around completion.

Nice.

Sounds like you’ve probably cracked it, @Sparky

Yep you'll be fine. Make sure your solicitor has the updated mortgage offer asap

Good news fingers crossed

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I can't imagine what it might be like to have enough room and not have people above below and beside us.

AMAZING, what @Jameo said really.

Congrats.

If anything the agent should be putting pressure on your solicitors, not you. The seller's solicitor piling pressure on yours is actually them doing their job properly, presuming the other side wants things to move along. Your solicitors should either hurry up (if they are the slow link in the chain and you want things to speed up) or resist that pressure if you don't, because that's what you're paying them to do.

Not actually using your name is obviously unprofessional, if they're annoying you no reason not to call him out on that.

I would be a bit careful with this:

the more they push, the less likely I am to comply with their ideal completion window

As you're buying the sellers do hold a disproportionate amount of power. If they pull out because they think you're being too slow or you aren't 'motivated' enough as a buyer it won't cost them a penny. Although it would cost them more time which is why these sort of threats are so pointless. Until people go through with them. The reality is you really want this place and not another one you need to keep the seller reasonably happy, and by extension their agent.