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Discussion Starter · #1 ·
Hey guys

In the accommodation is a question about do you own this property ?
We offered a house but the mortgage is still going on and we almost have the contact on sale document
What should i write as in answer ? Yes or no im confused
Thanks 馃檹馃徎
 

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Discussion Starter · #3 ·
Hi Clever Octopus, we don鈥檛 live there yet. Exchange of contracts will hopefully happen this week with completion scheduled for 27 October. I have all the property information as well as mortgage offer and confirmation that my offer to the vendor has been accepted. We are just wondering if that will be enough as well as include the contract and some pictures to satisfy the accommodation criteria. It does mention in the guidance on MAA9 that 鈥淚t is (or will be) owned or legally occupied for the exclusive use of the couple鈥
I m also curious about does the contract have to be original ?

Thanks in advance
 

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Discussion Starter · #6 ·
Hi Skyf, thanks for your reply.
So we have to wait until my fianc茅 is in the property and after the date of completion? Does it therefore mean that accommodation has to be completely certain. How come they have in the guidance that it is or *will be* owned? Seems strange if the requirement is for it to actually on be owned they wouldn鈥檛 include 鈥榳ill be鈥. My fianc茅 is coming to Turkey for Christmas and we want to come back to the UK together and don鈥檛 know whether we can wait for after completion as that will only give less than 2 months and I know time limits are longer. We are going to apply with the premium service, but even with that we are not sure how long it will be until the decision.
 

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If you are certain the Completion will take place then you can take a chance that the Solicitor can give you written confirmation for the Premium Appointment. This was exactly what we did we actually got Completion on the Day of our Appointment. We took Solicitors letter with us. It was very tight and can be nail-biting as House sales can fall down at the last minute.
 

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Hi Skyf, what did your written confirmation from the solicitor say? Also did you write in Appendix 2 that you own the property?
Took correspondence between our Solicitor and Vendor's Sollcitor which was 2 days Old,which confirmed our side was holding Funds to transfer for Completion on XXX property on XX date. Preliminary correspondence, from Solicitor was also included which gave formal information of property and intended Completion. This was all original letters, and although I cannot be sure have an idea ECO may have checked with Solicitor as Completion was taking place that day.

It is important if you go this route, to make sure the Sale will Complete without hitch.
We were fortunate in as much we were not depending on Mortgage provider which can sometimes create a delay. You don't want to risk giving misleading information.
 

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Discussion Starter · #10 ·
Thanks Skyf that鈥檚 been very helpful. One final question on Appendix 2 when it says 鈥榙oes your sponsor own this property?鈥 we have put the new property in 2.1. As we technically don鈥檛 own it yet do we write no and explain in the box about the completion date. Or did you write 鈥榶es鈥 because completion was happening at the same time?
 

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Thanks Skyf that鈥檚 been very helpful. One final question on Appendix 2 when it says 鈥榙oes your sponsor own this property?鈥 we have put the new property in 2.1. As we technically don鈥檛 own it yet do we write no and explain in the box about the completion date. Or did you write 鈥榶es鈥 because completion was happening at the same time?
We completed app giving details of property being purchased, remembering our sale was 99% certain as we had made a deposit and our Premium apt was 14 days from application, so that cut down any potential pitfalls. Took documents already stated withus to Appointment.

You need to make a judgement considering principally the expected date of Purchase Completion and timing of Prem Appt.
If you are relying on a mortgage, has it been approved in full?
Get your Solicitor to give an explicit date for Exchange. This may be difficult until possibly a couple of weeks before projected date.

It is a bit of a balancing act when you are considering so many variables which are not totally in your control.
 

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Discussion Starter · #14 ·
We will be exchanging via telephone and they there will be 2 separate but identical contracts. Each contract will be with the respective solicitor does this change anything ? As there will be 2 documents.
Thanks
 

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We will be exchanging via telephone and they there will be 2 separate but identical contracts. Each contract will be with the respective solicitor does this change anything ? As there will be 2 documents.
Thanks
Seems either you or the Seller have nominated an Attorney to act on your behalf ( usually the Solicitor). What ever happens your Solicitor should be in possession of a Signed Contract. Should be the one signed by the Seller, whose Solicitor will have your signed Contract. That is often the best way although Solicitors can act in a rather different way taking each other's verbal exchanges as being adequate. In your case ask your Solicitor for a validated copy of the Seller's Agreement.
You may need to explain, if not done so, the need to have a certified document which is presented to the ECO.
 

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Hi skyf

We now have signed contract in one document we were wondering whether providing the 10% funds heild as stakeholder as well as the other documentation Accommodation letter of introduction鈥嬧嬧嬧嬧嬧, Confirmation of acceptance from vendor鈥嬧嬧嬧嬧嬧, Mortgage offer document鈥嬧嬧嬧嬧嬧, Property information with pictures鈥嬧嬧嬧嬧, 鈥嬧嬧嬧嬧嬧嬧嬧, Property reservation confirmation鈥嬧嬧嬧, Memorandum of sale鈥嬧嬧嬧嬧嬧嬧嬧,Land Registry plan. Is sufficient

If not what else do we require ?

Thanks again
 

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Hi skyf

We now have signed contract in one document we were wondering whether providing the 10% funds heild as stakeholder as well as the other documentation Accommodation letter of introduction鈥嬧嬧嬧嬧嬧, Confirmation of acceptance from vendor鈥嬧嬧嬧嬧嬧, Mortgage offer document鈥嬧嬧嬧嬧嬧, Property information with pictures鈥嬧嬧嬧嬧, 鈥嬧嬧嬧嬧嬧嬧嬧, Property reservation confirmation鈥嬧嬧嬧, Memorandum of sale鈥嬧嬧嬧嬧嬧嬧嬧,Land Registry plan. Is sufficient

If not what else do we require ?

Thanks again
The Contract should have an indicative date of Completion, which should not be too far into the future. The Mortgage offer is important, it is likely to be time barred which will tie up with the Contract Completion date. Assume there is no Chain involved?
 

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The contract does have a completion date on it, which is 9 November. Is that too far in the future? The mortgage offer document was early on in the process before acceptance of the offer on the property. Do I need to contact my bank and ask them to provide me with an updated one? I do not have another property but the person I am buying from is moving to another property.

Thanks
 

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The contract does have a completion date on it, which is 9 November. Is that too far in the future? The mortgage offer document was early on in the process before acceptance of the offer on the property. Do I need to contact my bank and ask them to provide me with an updated one? I do not have another property but the person I am buying from is moving to another property.

Thanks
The Contract is within a Calendar month is fine. Mortgage offers are usually time-limited and for a specific property. The address should tie up on the offer, and your Solicitor is/should be liasing with the Bank. That is fine. Good practice to get the Solicitor to confirm to ECO, not essential but it does cover all bases. Are you applying for Premium Appointment soon?
 

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Discussion Starter · #20 ·
The date of my mortgage offer is 24 August and the property address matches with all other documents. The terms state that there is a 7 day reflection period and once that鈥檚 over 鈥榯he conveyancer will proceed with the legal work required and you won鈥檛 need to tell them that you wish to accept our offer鈥. Is that enough or do I need to get them to confirm anything else and have a newer letter?

What does my solicitor need to confirm? And is email correspondence ok or does it have to be a letter?

Thanks for all of your help. You have been really helpful.
 
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