Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To hope that a house sale might go through faster than 8-12 weeks?

43 replies

RaaRaaTheAnnoyingLittleLion · 31/01/2020 21:03

We are selling our flat and our previous buyers dropped out the day before exchange while we were packing our things (that was a great day!), by which point we had already committed to moving to a rented house. For lots of reasons it made sense to stick to moving to the rental, but it means we're now paying rent while also paying the mortgage so very very keen to complete ASAP.

We have a new buyer who says she's also keen to move quickly - what's the quickest I could reasonably expect to complete, if it's straightforward-ish and I make a massive pain of myself in nagging the lawyers every other day? Buyer doesn't have anything to sell, is mortgage approved in principle, got about a 25% deposit, seems keen...(I mean I thought the last ones were keen, but grrrr)

Estate agent is just saying it's standard to take 12 weeks, but just wondering if anyone's done it quicker? Go on, give me hope...

OP posts:
SheChoseDown · 31/01/2020 21:06

Our mortgage advisor made us aware of a 28 day completion. Done and dusted in a month. Quick, easy, done and fkin dusted.
But everyone has to be on the ball

Singlebutmarried · 31/01/2020 21:09

Depends on who’s doing the Legals. Some are quicker than others.

JagerPlease · 31/01/2020 21:09

Really does depend on searches and things. Not to dampen your hopes...but I was buying a property that was a previous rental, so no chain, and I was moving out of a rental, also no chain, and it still took 4.5 months to go through

Absolutepowercorrupts · 31/01/2020 21:10

Yes, it can be quicker, we completed a house sale in 2 weeks! We sold in Scotland and had to be out of our house by a specific date. The house we were buying in Wales was empty. I phoned our Solicitor every day, sometimes twice and very politely asked where he was up to. This was 8 years ago, so yes it can be done much more quickly

RoomR0613 · 31/01/2020 21:12

I wonder if it might be worth your buyer asking the estate agent who did the legals for the buyers who dropped out. If it was that close to exchange then all the searches would have been done by them already and they might be able to proceed quicker.

QforCucumber · 31/01/2020 21:12

We completed today to first time buyers who, according to solicitors had everything in place. We accepted the offer mid October.

TDL2016 · 31/01/2020 21:13

Completed on a flat sale in a very similar situation to yours in approx 8 weeks. It was tough, we had to push for updates constantly and we had a cash buyer who’s legal team were exceptional.

RaaRaaTheAnnoyingLittleLion · 31/01/2020 21:14

SheChoseDown Amazing, this is what I was hoping for...28 days would be a dream.
So making a massive pain of myself with the lawyers it is, then. Better brush up on my aggressive assertive email technique.

Yeah, who's doing the legals is so important isn't it, but hard to get really good recommendations. All the word of mouth recommendations we got aren't accepted by our mortgage lender, so we've gone with someone we don't know. Fingers crossed...

OP posts:
combatbarbie · 31/01/2020 21:14

Ours was done in a month

Woeisme99 · 31/01/2020 21:14

Make it a condition of sale that they use a decent solicitor not one of those awful low cost conveyancing firms, I speak from bitter experience.

HmmIsThisAGoodIdea · 31/01/2020 21:15

We competed within a month but we had a bloody good solicitor who was really on the ball. It's totally doable!

RaaRaaTheAnnoyingLittleLion · 31/01/2020 21:15

JagerPlease Oh. Oh no...that'll teach me to get overexcited by the first response...anything in particular hold it up or just drift?

OP posts:
Chocs44 · 31/01/2020 21:16

As first time buyers we completed within Six weeks.

mrsBtheparker · 31/01/2020 21:16

Our house went from offer accepted second week in July and moved in 2nd September. We had an offer on our house and the sellers were temporarily moving in with relatives.

Racmactac · 31/01/2020 21:16

Make sure it is a high street firm rather than factory conveyancing firm like enact.

37KAT · 31/01/2020 21:17

@RoomR0613
This happened to a friend. As you said, they purchased all the searches and legals from the previous purchaser. Saved time and £

RaaRaaTheAnnoyingLittleLion · 31/01/2020 21:19

QforCucumber Congratulations! Hope the new place is feeling like home

OP posts:
RaaRaaTheAnnoyingLittleLion · 31/01/2020 21:19

RoomRo613 That's a really good idea, thank you

OP posts:
BlueJava · 31/01/2020 21:20

Try to get the conveyancing done by someone who is recommended, some have online as well so you can see where you are with everything which is helpful. We were ready for a quick sale as well (moving to empty property, we had cash buyer) it took 3 months though! (Sorry!)

NorthernSpirit · 31/01/2020 21:20

I’ve purchased a flat from acceptance of offer to completion of 4 weeks (twice). In both cases I was a cash buyer and chased solicitor every day.

The standard with no complications is 12 weeks.

I think 8 weeks (with a mortgage in principle agreed) is doable.

RaaRaaTheAnnoyingLittleLion · 31/01/2020 21:22

Ok. So it is doable. But by no means guaranteed. Get good lawyers on both sides, lots of nagging, possibly get them to purchase previous searches...maybe this will work...

I have hope. As I look at my dwindling bank account, hope is good!

OP posts:
lastqueenofscotland · 31/01/2020 21:23

Scotland is a daft comparison as it’s a different system and they move quicker.
As long as the survey is fine 12 weeks is realistic, much quicker probably isn’t unless your old buyer is willing to sell their searches

TW2013 · 31/01/2020 21:23

Ours went through in 10 weeks. The good thing is that your solicitor should have all the paperwork from your side so that should speed things up a bit.

Robs20 · 31/01/2020 21:23

We completed today on a purchase - our solicitor was ready in 5 weeks. Unfortunately there was a chain above us so it took 4 long months! But it is certainly possible with a ftb/ no chain of solicitors are quick.

RaaRaaTheAnnoyingLittleLion · 31/01/2020 21:23

Thank you, by the way. All experiences very gratefully received.

I know I'm very lucky to be in a position to buy and sell, but bloody hell buying and selling is such a stressful process. If I get the house we've had our offer accepted on, I am staying there till I die, I tell you.

OP posts:
Please create an account

To comment on this thread you need to create a Mumsnet account.

This thread is closed and is no longer accepting replies. Click here to start a new thread.