4.5 weeks into the house buying process – updates and promises!

I will first begin this blog post with an apology… 13 days without an update?! How did you guys manage? I solemnly swear to update every week from now on 🙂

HOUSE SURVEY UPDATE

We got our Homebuyers Report back and in short, all is well! I read some real horror stories online before hand and was very nervous about receiving the report but thankfully, the house isn’t falling down. The Bank organises the valuation with the survey for the Homebuyers Report and this occurred two weeks ago on a Thursday, come Saturday we had our report back! Speedy, eh?

The report outlines all aspects of the house and gives them a green, amber or red colour depending on the severity of the issue. We got mostly greens (yippee!), all the walls, windows, floors etc are in good condition and there is no presence of mould or damp. Some ambers included easily fixable things such as cleaning out the gutters, doors from the kitchen need to be safety glass. Our red ones also included up to date gas and electric safety certificates and removing insulation that covered down-lighters from the roof into the bathroom (Me and Matt are pulling straws over who should go up in to the loft and do this… we are both scared of spiders!)

So, all very fixable issues 🙂 the bank deemed the house worth the money they are borrowing us and they got in touch with our Solicitors to let them know that the money was ready to go when the time comes. Good stuff!

SOLICITOR/PAPERWORK UPDATE

Since the last post, the searches has been requested on the property. These are requested by our Solicitors from the Local Authority. These include environmental changes, water drainage and other fun info like that. We also have to have a mining authority search due to being in a mining area. Once these are back and (hopefully) show no major issues – like they are going to build a road through our house – we can work towards a completion date! These can take anywhere from a few days to a few weeks to come back. Our LA website states they aim to return within 10-15 working days so we shall see!

PROJECTS UPDATE

My table and chairs painting project has slowed down due to my lack of a waxing brush! I previously ‘made’ my own by trimming down an old brush to make a short, stubby bristled brush. It has worked on one of the chairs for two coats but is looking very worse for wear and is pulling the wax up into the bristles, rather than coating my wood! So come payday, I am making the leap and purchasing an Annie Sloan wax brush… I cannot wait! I’ll do a little review on it when I get my hands on one 🙂

The tabletop has been assembled and stained and let me tell you, it looks fab! Can’t wait to show you the finished project!

TO DO

  • buy the wax brush!
  • finish painting the chairs and table – I have half term next week to do this!
  • patiently wait for the searches to come back
  • convince Matt we need big flowery wallpaper in our bedroom 🙂

Until next time,

Lauren x

2.5 weeks into the process – updates and projects!

Here we are! Two and a half weeks since our offer was accepted and it seems sooo much longer than that. Anyway, onto the good stuff.

UPDATE

Our Mortgage appointment went well. We have a fantastic Mortgage Advisor who since writing the last post, has found us an even better Mortgage product which means he has reduced our mortgage term! Good news for us! This means the length of our mortgage has been reduced and our planned payments have not increased.

Our valuation is going ahead tomorrow and after lots of discussion, me and Matt decided to have the Homebuyers survey on top of the Bank valuation survey (you have to have this for your mortgage) but the Homebuyers survey is an optional choice. This is for us, the buyers, and is a large document outlining the condition of all aspects of the house. This may bring to light some major issue that we have previously missed. This cost us an additional £250 on top of the £300 for the mandatory bank valuation and whilst this adds more onto our costs, it is a small amount in the long run to ensure the house isn’t falling down. We should get the report back on Monday so I’ll update you with the outcome of that when it arrives.

The Seller has returned his completed paperwork to our Solicitors and there is only one bit of paperwork missing. The Fensa certificate for the windows. This official document will complete the paperwork and means our Solicitors can request the necessary searches on the property and submit our registration of the property to the Land Registry. As the property hasn’t been sold since the law changed in 1990, we have to register the property with the Land Registry before it can be transferred into our names. Good news – it doesn’t stop us completing the sale and getting the keys. Bad news – it’s an extra £95 on our (ever-increasing) bill.

PROJECTS

I have begun to paint the table and chairs that my Mum’s friend has given us and thanks to the fabulous Annie Sloan chalk paint, my chairs are coming along excellently. (Blog post to follow soon). I am also building my own rustic table top from up cycled wood. The pieces have been cut and sanded but after a practice-put-together, a little more needs to come off the length. Hopefully I can get that done this weekend. Here’s a sneak peek of the table top:

It's coming together nicely.

It’s coming together nicely!

I also attempted to update my rabbit lamp (see original restyle here: https://lyatesblog.wordpress.com/2012/11/07/the-re-vamped-rabbit-lamp/) and failed miserably! In short, I ended up purchasing a reasonably priced grey linen lampshade for £6.99 from the Range on Sunday. I’ll pop a picture on of the updated lamp soon. I am toying with the idea of painting the rabbit a pastel colour but we’ll see 🙂

TO DO

  • Get the homebuyers report back and read through – hopefully the house isn’t going to fall down!
  • Chase the seller’s solicitors for the Fensa certificate for the windows so the searches can be requested
  • Trim and stain my table top
  • Finish painting and waxing the chairs

 

Thanks for reading,

Lauren x

 

PS – I realise my last post may have made Matt sound like he wasn’t excited by this buying a house malarky. Just to confirm, he very much is excited, he just has more concern for the financial side of things than I do. I, on the other hand, continue to expand my ‘Things I Want To Buy’ spreadsheet 🙂 We balance each other out well!

1 week in to the house buying process – a beginner’s experience!

To update those of you out of the loop, after 9 (nearly 10!) months of searching, 2 failed offers, a million house viewings and many sleepless nights… We have had an offer accepted! Yippeeee! Now the fun begins right? Not quite. As a first time buyer with little knowledge of purchasing a property, I thought it may be useful to put my experience out there into the world. There will be weekly updates plus my ‘keep busy’ projects along the way.

The all important offer

So let us begin! 1 week in from having our offer accepted on a house. Now I’m a fairly optimistic person but I didn’t think we would ever be in this position. But alas, here we are.

The house in question came on the market one unsuspecting Saturday afternoon and at this point I was refreshing Rightmove like a woman possessed so saw it pretty quickly. Oddly, I did not fall in love with it from the pictures and description as I have previously done. After consulting with the other half, we decided it was an interesting property (something we had not viewed in many months) and booked a viewing. For the next three days, my likeness increased – it was growing on me!

When the viewing came around, it was how everyone described it. You just know. I walked into that house and it hit me like a train. This was my house. Logic and sense were left at the door and dreams and emotions took hold. I wandered around in a semi-daze visualising all the colours/designs/furniture filling those rooms. I left with my heart attached to that 3 bedroom semi.

Amusingly, my indecisive boyfriend didn’t think the seller would accept our mid level offer with it being on the market so early. However, I had been watching Million Dollar Listings New York and worked my magic and tah dah! By Friday we had an offer accepted! Queue my excitement and boyf’s horror that I had actually gone and bought a house.

After researching the next stages of the process, my excitement wained ever so slightly at the timescales/costs/paperwork involved in buying a house. Me and my sidekick discussed this at length and mutually agreed that we loved the house and this was our next step in our lives.

The first steps

Sold!

Sold!

The first thing to do was to verify our details with the Estate Agent. This involves passports, proof of address and proof of a mortgage offer. Unbeknown to us, you also had to have a solicitor in place who would act as the conveyancer and complete the legal paperwork on your behalf. This caused mass panic as we had 24 hours to find one before our offer was cancelled/invalid/vanished. We kept a level head and chose a reputable Solicitors, which A) posts regular, helpful blogs and B) was trialling an online ‘Live Track’ program where you can login and view documents relating to your case. Very helpful for an impatient girl like me. The link to the blogs can be found here: http://fidler.co.uk/blogs/fidler/

So once Solicitors are in place, they make contact with the Estate Agent who gives them the Seller’s Solicitors details. Then everyone has a chat and paperwork starts flowing. The Seller has to fill in a large document detailing everything he knows about the property. Once this is received, things can start moving. Searches will be carried out on the property (future blog post to follow re this).

We have been to the Bank today to finalise details of the mortgage and all went well. We are ready to pay for the valuation from the Bank. This tells us, and the Bank, whether the house is worth the money and if it is, they will lend the money. I will update when this arrives/happens! We are also instructing a house survey of our own – I will blog about this later on when ours has taken place 🙂

Our next steps

  • Organise the bank valuation and survey
  • Wait for the seller’s paperwork to come back
  • View the house again on Wednesday
  • Look at wallpaper (Matt’s favourite bit – notttt)

Thanks for reading this blog post. It isn’t particularly funny or interesting but hopefully you found it informative and easier than me chewing your ear off.

Speak soon

Lauren x

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 16 other followers