i know i might get stung for my naivity here, but i've only just realised that the property i'm buying could cost an additional £10k in Stamp duty if i don't complete before 31st March.
Mortgage offer is still pending from the underwriters, been with them since last week, following valuation.
Neither my borker or solicitor has ever mentioned the impact of not completing before April 1st, which i'm pretty pee'd off about.
sent the mortgage broker an email last night and she wrote back advising "it should be any day and they are aware of the situation" (would have been nice if they told me)
Now we're not in a chain and i don't think our vendors are (at least they weren't on the initial house they were trying to purchase but pulled out of that one and have found somewhere else) woudl it be reasonable to go from mortgage offer to exchange to completeion within 2 weeks?
If there is a chain ahead of them as a mitigation could i insist that we complete before the 31st March and if they are unable to move out could i write up a short term tenancy agreement until their (possible) chain clears?
Would this be a logical / reasonable option?
Mortgage offer is still pending from the underwriters, been with them since last week, following valuation.
Neither my borker or solicitor has ever mentioned the impact of not completing before April 1st, which i'm pretty pee'd off about.
sent the mortgage broker an email last night and she wrote back advising "it should be any day and they are aware of the situation" (would have been nice if they told me)
Now we're not in a chain and i don't think our vendors are (at least they weren't on the initial house they were trying to purchase but pulled out of that one and have found somewhere else) woudl it be reasonable to go from mortgage offer to exchange to completeion within 2 weeks?
If there is a chain ahead of them as a mitigation could i insist that we complete before the 31st March and if they are unable to move out could i write up a short term tenancy agreement until their (possible) chain clears?
Would this be a logical / reasonable option?
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