thebig1
Active Member
- Joined
- Nov 16, 2014
- Messages
- 429
- Car
- Mercedes C63
Hi Guys,
A long and complicated story so most will switch off lol but anyone who is an expert on house sales etc, please advise.
My died died last year, beginning of November and me being the only child etc, I had to become executor and apply for probate. I did this and all has gone well etc.
I put his house up for sale end of December and sold it mid January.
The buyer is the next-door neighbour (Another story, will knock house down, add to his half etc etc)
We agreed a price, contracts agreed and signed.
Now the difficulty begins!
He had to go through lots of loop holes to produce three month wage slips, proof of earnings etc and then an insurance schedule for the house he is buying and produce these to his lender. Weeks went buy, dates agreed, then pass requesting it to be the next week etc and then end of last month, the day be for completion, his lender declares his 3 month mortgage agreement has ended and he has to re-apply.
He has to produce another 3 months wage slips, a drive by valuation of the house. I find out later that his lender had caused most of the delays and indirectly pushed it over the three month deadline. (Money making I guess)
I herd nothing for 2 weeks then last week I get an email off my solicitor explaining that the lender was a hard one, his words "A last resort lender" and that he had sympathy for the buyer and his solicitor. He also said "Lets see how the next two weeks go, may have to put the house up for sale" 6 months and back where I started.
Tonight I have had an email from my estate agent who say they have spoken to the buyers mortgage broker and they say they have now forward the relevant documents to the bank today"
A bit confused now.
Is the mortgage broker the troublesome lender mentioned earlier? or is the bank the troublesome lender?
Any ideas on next steps, time frame to completion etc?
Cheers guys!
A long and complicated story so most will switch off lol but anyone who is an expert on house sales etc, please advise.
My died died last year, beginning of November and me being the only child etc, I had to become executor and apply for probate. I did this and all has gone well etc.
I put his house up for sale end of December and sold it mid January.
The buyer is the next-door neighbour (Another story, will knock house down, add to his half etc etc)
We agreed a price, contracts agreed and signed.
Now the difficulty begins!
He had to go through lots of loop holes to produce three month wage slips, proof of earnings etc and then an insurance schedule for the house he is buying and produce these to his lender. Weeks went buy, dates agreed, then pass requesting it to be the next week etc and then end of last month, the day be for completion, his lender declares his 3 month mortgage agreement has ended and he has to re-apply.
He has to produce another 3 months wage slips, a drive by valuation of the house. I find out later that his lender had caused most of the delays and indirectly pushed it over the three month deadline. (Money making I guess)
I herd nothing for 2 weeks then last week I get an email off my solicitor explaining that the lender was a hard one, his words "A last resort lender" and that he had sympathy for the buyer and his solicitor. He also said "Lets see how the next two weeks go, may have to put the house up for sale" 6 months and back where I started.
Tonight I have had an email from my estate agent who say they have spoken to the buyers mortgage broker and they say they have now forward the relevant documents to the bank today"
A bit confused now.
Is the mortgage broker the troublesome lender mentioned earlier? or is the bank the troublesome lender?
Any ideas on next steps, time frame to completion etc?
Cheers guys!