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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think we're losing the house?

4 replies

CircleCircleUnderOver · 15/08/2019 19:06

We are supposed to moving into our dream home on Monday, it's been a huge stress getting to this point- will detail in a mo- and we were meant to exchange today but it hasn't happened. Everything is booked for monday, if we lose the date for completion (even if the sale goes through at a later date) we lose our removals who are coming to pack over the weekend- and they were the only company we could find that weren't already booked solidly for this time of year.

AIBU to think we've lost it? I'm so stressed I just want to curl up and cry!

We never thought we'd find anything suitable for our family within our finances, this changed because of family circumstances and we found an amazing house. We've had problem after problem with the mortgage (self employed), surveys, boundary issues etc, then our buyers got concerned that it wasn't moving fast enough and said that they might puill out if we couldn't commit to a completion date. There was no way we could separate from the chain above, but after passing on the concern, our sellers did and we all agreed to the 19th. Our mortgage delays meant we couldn't finish signing paperwork until this week, holding up exchange, but it all got sorted and our solicitor has the funds.

Exchange should've happened today, but then there's suddenly an issue with our buyers mortgage, they're solicitor hasn't got the proof of funds. Our solicitor will try again tomorrow (Well, someone else at our solicitors will as ours is now on holiday!!!) but our sellers have said if it doesn't exchange tomorrow then they won't complete on monday- they won't do exchange and complete on the same day.

I can't even begin to explain the havoc that will be caused if we have to delay as it is too outing, but can anyone with experience or knowledge of property sales either set me mind at ease or tell me honestly if we're screwed?

OP posts:
AlwaysCheddar · 15/08/2019 19:09

It’s no help but what gits. Moving house is hell but hopefully it will work out.

Flerkin · 15/08/2019 19:12

We had a bit of faffing around when I bout my house last year.

On the day we were meant to exchange, we didnt. I was quite matter of fact. I said if we didnt exchange the next day and complete the wednesday after (I booked movers etc) then I was pulling out and would go rent.

Surprise surprise everything went ahead. Their solicitor finally found the paperwork they needed.

What's the reason the womt exchange and complete same day? Just moving reasons?

Cherrysoup · 15/08/2019 19:15

Get on the phone first thing and chase until it's exchanged. This is ridiculous us, the sellers saying they won't exchange and complete on the same day. Why on earth not?

CircleCircleUnderOver · 15/08/2019 19:25

Our solicitor was just as frustrated as us, but it's our buyers whose solicitors don't have proof of funds. I feel bad for chasing our end as much as I have as she was really frustrated not to get it done before she goes away too. We'll have to give authority to exchange again in the morning to the person handling it for her.

What if their mortgage doesn't appear though? I'm just so terrified... If it's delayed, we'll have no removals! And I'll have to rearrange deliveries and we won't be able to do our building work before having to move in with the kids... argh...

Cherry I just don't know, they don't even need removals like we do, the people buying from us aren't moving straight in either as they're in rented and want to renovate... It's only us that it causes chaos for.

Flerkin thank you for letting me know yours went ahead the next day. I wish it were just one of the solicitors not bothering to organise the paperwork, that would be so much simpler than non existent mortgage funds...

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