A question aimed at anyone who has bought a house in England. Do you arrange a mortgage 1st so you know what you can afford and therefore avoid wasting everyones time orDo you assume your what you can borrow and arrnage mortgage later?I have always confirmed obtainable 1st, My house sale has just fallen through 14 weeks after offer was made due to the fact the buyer was unable to get a mortgage.Stupid of me i to assume the estate agent or solicitors would have checked this Boring subject, sorry but am interested to know

well i would have agreed with you that first thing would be to see how much you are entitled to and then look within your range. seems pretty bloody stupid to go buying without the finance behind you, but then again nothing much surprises me these days....... 'yes i would like to offer 350,000 sterling for this property but i only have 10,000 Sterling in the bank and salary 25,000 sterling per annum'. Friggin donuts!!!

Good luck with the sale.

I had the same problem in the UK, chain buyer, The person who wanted to buy my house was waiting for the person buying their hose to get finance, That person was waiting for another person to get finance to buy theirs, ect, ect If one person in the chain failed to get finance then they all would.

Thats terrible man, there are so many proper morons out there I lost a sale for the same reason a while back.

Never ever enter into a contract with a Finance "PENDING" buyer

until deposit is down keep looking for buyers always

Paulgh

The UK system, sorry English system, does not include a deposit payment.

About time that changed

To the others, yep it sucks

most people do actually secure the finance before putting in an offer!! seems you got the noddy!!

don't wanna keep it for only renting out?

Ste - yep just my luck. Better luck next time i hope

Archangel - nope pain in the ass and new laws will make it more complicated very soon

I beg to differ. If someone has put a serious offer in then you should take a deposit. If they are serious about buying the house then they will put down a deposit. If they can't afford the deposit then they can't be a realistic buyer. There's nothing at all stopping people from putting down deposits. It's actually just common sense.

Don't use estate agents just do it off your own back. Put your house on the internet (there are many sites dedicated to people who don't wanna use estate agents) and make sure you have a tried and trusted solicitor.