Jump to content
House Price Crash Forum
Sign in to follow this  
KMKM

Timing Of Various Events In House Purchase

Recommended Posts

Hi,

Had an offer accepted in March on a house and have been working towards purchase of it.

Currently had all my searches, survey and mortgage offer confirmed. Still working on contract (exchange of contract date not set yet).

Little bit unsure on how to manage the following in terms of timing - agent/solicitor either a bit useless or not able to advise:

(1) Arranging home buildings & contents insurance for start of exchange of contract date.

(2) Arranging life insurance/critical insurance cover for start of exchange of contract date or completion date?

(3) Trying to ensure everything works that isn't covered in survey/contract (e.g. central heating, boiler, electrics etc.).

(4) When to check meter readings (e.g gas,electric), as don't want to be paying too much in terms of bills from vendor's usage.

(5) Ensuring I get/know about all the keys in the house(may not know about some e.g. certain windows may have a separate key) on completion date.

Advice would be most appreciated.

Thanks

Share this post


Link to post
Share on other sites

My experience was the following.

1 This is just a phone call, did it the day before exchange

2 This dragged on forever for me as weird family medical history. They typically have a couple of months exemption period from the official start date for critical illness anyway so I wasn't too bothered about exact timing. If I had a choice I would start it around completion but you may feel differently.

3 We got agreement to visit a couple of times to measure up between exchange and completion. We didn't check every possible thing and I assumed we would find some half broken and aggravating things after moving in (we did!).

4 This is a day of completion thing. I took photos on the day. Ultimately it is very clear when you become responsible for the bills so I can't see major problems happening.

5 All the non front door keys were left inside on the table for us. Didn't take too much detective work to match them up with the relevant places.

Share this post


Link to post
Share on other sites

My experience was the following.

1 This is just a phone call, did it the day before exchange

2 This dragged on forever for me as weird family medical history. They typically have a couple of months exemption period from the official start date for critical illness anyway so I wasn't too bothered about exact timing. If I had a choice I would start it around completion but you may feel differently.

3 We got agreement to visit a couple of times to measure up between exchange and completion. We didn't check every possible thing and I assumed we would find some half broken and aggravating things after moving in (we did!).

4 This is a day of completion thing. I took photos on the day. Ultimately it is very clear when you become responsible for the bills so I can't see major problems happening.

5 All the non front door keys were left inside on the table for us. Didn't take too much detective work to match them up with the relevant places.

Thanks a lot. Very helpful

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 246 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.