Sorry in advance for long post but I think all the details are relevant:
DH and I are selling an empty flat - 2 beds in a managed block with share of freehold (we bought the freehold a few months after buying the property 10 years ago). We received 2 asking price offers within the first week on the market, back in November. One pulled out and we went with the other one, specifying that we wanted to complete by end March.
Buyer (first time) was very slow to get organised with mortgage and solicitor but pulled her finger out in early January when we made it clear that we would go back on the market if we did not complete by end March. Surprise surprise this didn't happen and we were away for the first week of April but agreed that we would accept a little bit of slippage as long as we exchanged by tomorrow. We are incurring costs of c. £500 per month while the property remains unsold so are keen to get rid.....
It has transpired in the last couple of days that her solicitor and ours are in a bit of a stand-off in that hers says there are points she is awaiting answers on and ours says he has done everything required. We asked for a list of all her solicitor's outstanding points, of which there were 4. 3 have now been sorted but the final one relates to a Tree Preservation Order she says the search said was put in place in 1965.
I have the searches from when we purchased the property which says there are no TPOs so am unclear about this - could it be because we are also selling a share of the freehold whereas when we bought the property we were only buying the lease?
Anyway, her solicitor says she cannot exchange without a copy of the TPO and has asked my solicitor to provide it - she says she asked for this on 29th Feb. Am not sure what he said in response but the situation remains that no TPO has been obtained. Surely if her solicitor has done the search which points to a hitherto unknown TPO, it is for her to to ask the local authority for it? Or AIBU?
It is looking unlikely that we will exchange tomorrow as no-one appears to be willing to back down on this. We are therefore planning to put the property back on the market on Saturday and would expect a higher offer from a new buyer pretty quickly. This would repay some of the costs we have incurred as a result of the delays. However, I do feel sorry for the buyer as I think she has been poorly served by her solicitor and I am not entirely sure mine has been completely helpful. So, any conveyancers out there who can advise on the TPO issue and who should have pulled their finger out sooner to obtain it and MN jury, what should we do re. remarketing/hanging on in there with this buyer?