Remember when I posted in this update that there was a second offer on the table for slightly more money from a nice couple, but they had a house to sell.
Well, as promised they went into the Halifax to see if they could take out a second mortgage to buy our property. I wasn’t particularly hopeful as they would have had to be earning a half decent salary (or have some hefty savings as a deposit) to qualify for a second mortgage.
Anyway, to cut a long story short. Yesterday we got a call from the Halifax to tell us that the mortgage application had been ‘qualified’ and they are able to purchase our property without having to put us all in a chain!
This is excellent news for us but we’re still not opening the bubbly (again) just yet. Having said this, things are looking more positive then they have for a very long time.
The wanna be buyers (who offered more then the initial offer) are going back into the Halifax today to complete the mortgage application and to pay the fees to instruct the surveyor.
As the survey costs can be quite high, its seen as the best sign that the buyer isn’t going to mess you around. On this basis, if they pay the fees when they pop into the branch this morning our house will be marked as Sold and we’ll be able to replace that damn ‘for sale’ sign in our front garden with a nice red SOLD sign.
Fingers crossed……again! This would be a great situation for us as it means that the house has gone for a decent price, and we should hopefully be able to get things moving pretty quickly!