Got an email from the solicitors Friday at 17:35 asking for £35k so Monzo sorted that for me (30 minutes) and Pickfords are coming tomorrow to get me out of Norwich.
Evening train to Bradford, overnight stay in Airbnb so fingers crossed in my new place on Tuesday.
Next time I move will be when they carry me out in a wooden box because I’m not going through this again!
Congrats!
The Community has given Monzo a lot of stick for not getting this right in the past so it’s really gratifying to hear that all was done so quickly so late in the working week.
Well done Monzo. Hopefully we’ll only hear good things about high value and time sensitive transfers from hereon in.
Glad you managed to get it sorted quickly, however it sounds like yet another unorganised solicitors if they didn’t give you any notice. They should have the experience to know when these things are going to conclude so they should have asked for this weeks ago!
I swear they do it on purpose so that all the pressure gets put into the home buyer there and then. Like you say they all know the process, they have holding accounts for money so could of asked for this week’s in advance. If for whatever reason a sale fell through, it’s not that hard for them to transfer the cash back.
They can be, but sometimes it’s not on them. We were lucky in that our solicitors were on the ball, noticed minor typo’s in mortgage statements, sorted the drawdown a week before, but we got held up by the buyers solicitors who took aagggeesssssss to sort the money on completion day
Never moving again
So you were exactly right there @DaveJ thanks for your words on this earlier in the year.
Banding didn’t take anywhere near as long as I expected, and once I had a band issued the council were relatively quick at noticing I hadn’t been paid and requesting my details so that they could send me the money.
I just went with what it suggested
Same as above. Just went with suggested, like I do with my car.
I was always of the belief that insurers will pay the current market value at the time your car is written off. Not the value you put in your policy. This is more of a rough valuation.
Could be totally wrong so anyone feel free to correct me!
I wrote my last car off and Aviva paid more than book value.
Just checked mine:
No idea how they worked that out - just under £2.3M (good job it’s a leasehold flat).
I’m assuming the freeholder has arranged this for you right and you’re paying this via your service charge? i.e. you haven’t had to take out your own building insurance policy on a leasehold flat?
Correct. There are six flats in the building and we all get shares in the management company (which is new for me). Previous leasehold was managed by an external company.
Sounds like a headache, but I imagine you’ll end up with better value for money on your service charge this way in the long run.
Ours is still managed by the developer at the moment whilst they’re still on site, but I believe this is a preview of what’s to come for me.
Having had a very nice/local/decent management company and then the absolute scoundrels who are out to make as much as they possibly can, my advice would be to definitely get a share or be involved if it’s at all possible.
Sound advice.
These “management companys” can be a right PITA, but its in your interest to be a PITA to them, and make them work for the “service fees” they charge.
(not completed yet, but) I got a figure from the mortgage valuation
I’ve seen some bad experiences the other way though. Leasehold fund management and accounting can be pretty complex and if things go south you can get in all sorts of issues and disputes.
I think I’d go for it if the block had a small number of flats who were all on friendly terms, and generally a low turnover of people
I’m trying to sell mine. How far are you from East London?
How about a balcony, two bedrooms but I’ll buy you bunk beds, and space for a couple of bikes in the hallway?