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How long did it take chain to complete between your offer & completion?

17 replies

Madmog · 03/02/2014 14:46

Just wondering how long it's taken others to complete after having an offer accepted, if you're in a chain. Have never been in a large chain. When I sold my flat to first time buyer it took ten weeks, then stayed with parents. When we bought our house together, we bought off a couple going into rented and it took fifteen weeks. That's due to the fact sellers had a penalty clause if they sold earlier (which no one told us about when we offered).

OP posts:
LizLemongrass · 03/02/2014 15:55

nearly four months. ludicrous. But first of all my solicitor just sat on the deeds until I thought we were good to go. Then the vendor seem incapable of fulfilling the requirements. Bizarre. Especially as she was telling the EA how broke/stressed/eager to complete she was. I wasn't in a chain and neither was she as I was first time buyer and she was moving in with somebody but yet it still took that long. Unbelievable. Hope that doesn't depress you.

dontcallmemam · 03/02/2014 16:39

9 months, I almost lost the plot several times. Apparently the mantra is "it'll be worth it in the end".

vj32 · 03/02/2014 18:42

5 months. Initially we were told there were only three in the chain including us. That turned out to be untrue...

Bunbaker · 03/02/2014 19:11

We are living in the 5th house since we got married. All of our house moves have taken at least three months from offer to completion. The last one took four months.

HauntedNoddyCar · 03/02/2014 19:15

Four and a bit months but it did have one or two dramas.

monkeyfacegrace · 03/02/2014 19:17

From offer to exchange-14 days.
They were moving to rented, I had nothing to sell.
I have no bloody idea why it usually takes so long!

jerryfudd · 03/02/2014 19:18

4 properties in chain. We had nothing to sell. 32 days from offer to completion. But chain had collapsed only weeks before we stepped in so everyone was ready and keen to complete to avoid again

Preciousbane · 03/02/2014 20:04

This reply has been deleted

Message withdrawn at poster's request.

Bunbaker · 03/02/2014 20:20

"I have no bloody idea why it usually takes so long!"

Neither do I, but 14 days seems to short to get all the surveys/searches/mortgages sorted out. Are you sure that corners weren't cut?

monkeyfacegrace · 03/02/2014 20:50

Mortgage offer in principle was there before offer, so only needed a valuation survey.
Searches take 10 days.
Modern house, no buildings survey needed.

Easy if you know the drill, and make sure everybody is in the right place at the right time.

RudyMentary · 03/02/2014 20:55

This reply has been deleted

Message withdrawn at poster's request.

Lagoonablue · 03/02/2014 20:58

4 months and it was a short chain. Only 4 houses involved and our buyers were FTBs. Frankly it was a nightmare.

Bunbaker · 03/02/2014 21:44

"Easy if you know the drill, and make sure everybody is in the right place at the right time"

Not round here. You can't hurry local authority searches. We live in an area that is riddled with old mine workings, and subsidence is a frequent occurrence. You definitely wouldn't buy a house round here without a thorough mining survey as well as local authority search.

HauntedNoddyCar · 03/02/2014 22:25

And no chance of 14 days round here now if you need a mortgage. Any surveys are taking up to 4 weeks.

Elderberri · 03/02/2014 22:27

4 long months.

Anniegoestotown · 03/02/2014 22:30

Bought a flat recently and it took 6.5 months including solicitor announcing on the morning of exchange that she was jacking it all in and going to live in Thailand then walking out of her job.

LaundryFairy · 03/02/2014 22:36

Just under 3 months, and that was with just three houses in the chain and me harrasing lawyers and estate agents on almost a daily basis to get them to do their bloody jobs. It was my experience that you have to set an exchange date (even if you don't think it will be met) to get them to pull their finger out. Otherwise, your sale just gets left at the bottom of the pile.

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