Currently buying/selling a house? How is it going? READ MOD NOTE POST #1

You'll have to attend the solicitors a couple of times to sign paperwork so it's handy to have them near to where you live/work. Both solicitors on both sides of our purchase were in different counties to the property being sold; didn't make a difference.

I found my own surveyor, someone who was highly recommended locally. Our mortgage is with BOI and we had to get the valuation done ourselves - the bank don't do it for you. They give you a list of recommended valuers (local estate agents usually) to hire to carry it out and you then decide who to hire. The valuer then goes and does a valuation and gives the report to you, which you then have to upload to the bank's portal.

Yeah i have a list of some questions and been asking people who have purchased recently about theirs most have been positive also

Here are some of the questions i plan on asking,

How much do you charge for standard conveyancing?

Do you handle all your conveyancing in house or go to a third party/conveyancing firm? and if so who?

What does the fee include and not include?

Will there be any extra fees for administration costs, such as postage?

Could the fee change and if so, why?

Will you let us know in advance if something will cost extra?

What is the maximum we can expect to pay?

How long should the process take?

How will you update us and how often?

What information do you require from us and how often would visiting your office be required during the process all things going straight forward?

We're the same - we considered another application but I think we are too far down the funnel now to turn back. We are just waiting for release of funds and have done everything else... even though it has taken 4 long months. The experience has been terrible. We are BOI customers for 30 years, multiple accounts with them, never borrowed money off them before. Thinking of switching all accounts once this is done.

Thanks for the update! We were told we had a €7,000 shortfall - not possible as the hubster is a massive fan of an excel sheet :-D We were also asked to prove really absurd things about money going from one BOI account to another. Did not make sense at the time but now..... Hope you get the funds soon!

Never even met my solicitor - everything was done by post and e-mail. Never had to worry about the solicitor end of things when buying by going with a friend's recommendation based on their efficiency and ability to pick up the phone or e-mail once they had any news.

Survey depends on how thorough you want to be. While thorough is good just bear in mind that it can result in the bank holding back funds unless you can prove you can pay for any issues raised by the surveryor.

Valuation depends on who you are getting your mortgage with. Bank of Ireland have an approved list of valuers and you contact the valuer yourself. I think most other banks arrange valuations directly.

.....more progress this week, power and heat has been reinstated to the property,.....banks valuation due tomorrow,survey was carried out last week so Im guessing all came back fine!!

May 10th - Engaged broker/Submitted documents

July 11th - AIP received (Finance Ireland)

July 20th - Sale Agreed and booking deposit transferred

August 25th - Valuation complete

Sept 20th - Final documentation submitted to Finance Ireland

4 Oct ... Finance Ireland mega-rate increase :(

Oct 13th ... Pre-Offer phonecall complete, loan pack to be issued next 3-5 days (allegedly... they are just so slow to do ANYTHING).

Next week (pending) ... Transfer deposit and sign contracts

I said laughing in the summer if we were in by Christmas that we'd be doing well... that was a joke at the time but now seems realistic.

Anyway... I'm glad to have gotten this far as approval in any capacity wasn't certain (small business owner... 2 years of on and off covid restriction closures etc). We really have no option but to buy somewhere ASAP and this is our dream house (5mins walk to work for us both, B2 BER, new build). It seems like that will really happen now (touch wood) after what feels like an eternity of uncertainty and despite getting royally f*cked by the rate increase this month.

We do have other applications pending with different lenders but unsure as to whether or not they will approve us for what we need (or withing a workable timeline) as I am self-employed. I really just want to get this all over with now, uninstall DAFT and never speak to an estate agent ever again!

I'll update this if we ever get the keys

Deed of confirmation query

We received a gift from the folks towards the deposit. We had the lenders declaration filled out and signed by solicitors last week. Now our solicitor wants them to fill out another one (provided by him), but signed by an independant person.

Has anybody else had to get their folks to fill out two? Seems a bit of a pointless exercise since there is already one completed by solicitors.... What do you think?

Thanks Giblet, does this mean you filled out 3 in total?

We did the initial one at the beginning, then the one from lender to prepare for loan pack and now the solicitor came with the other one.

Just two in total.

Banks own, and then a deed of confirmation signed by a different solicitor.

We're still waiting on our funds to be released. Closing date was today but we've missed it due to BOI not releasing funds yet. My solicitor sent the loan pack back to them 9 days ago.

Suggest going to your local branch and talking to the manager or mortgage specialist. I did that yesterday and they are on the case for me now, hopefully. They have promised to get it done and put the pressure on the Mortgages Team. You can complain to the Financial Ombudsman also - something we are considering doing.

Went to university with my solicitor. Haven’t seen her since about 2007. Now im wondering why she made me get a taxi across the City as contract had to be signed in (wait for it) ink. Was she pulling the p1ss?