Buyer's support thread #5

[scribblegirl]

Sorry for breaking the last one

and for all....

I hope it's good news too.

Mortgage approved here too! But we are still in a chain. Hoping our super chilled out vendor steps on the gas soon and hurries up.

Its positive news, the other side of the chain (on 2nd sale) is nearly ready and the date they are working towards is 1st July but not confirmed, just hope it all goes smooth now..

Yay need!

Well, after yesterday's positive news, DH is on the phone to our solicitor and it does not sound positive...what is it now?? 😩

Update: evidently part of the land attached to the house is under a possessory title? With four years left until it can be upgraded to a title absolute...so our solicitor is going to ask the vendor's solicitor to purchase indemnity insurance. Is this something anyone else has experience with?

Heyhey shouldn't be a problem. The indemnity insurance will protect you in the unlikely event of someone coming out of the blue to claim the land as theirs. Presumably no-one has come forward in the previous 8 years. When I bought a house many years ago, the house and garden only had possessory title and the vendor had to provide an indemnity policy in order to satisfy our mortgage lender. It didn't delay matters too much as our vendor was agreeable to pay for the indemnity (as your vendors should). Just remember to contact Land Registry in order to upgrade to Absolute title in four years time.

I'm convinced the EA working for the vendor are dodgy. They've all along played against another purchaser who hadn't sold their house and vendor chose us.

Apparently they've now sold their house and have submitted an offer on the house we're buying. No news from the vendor yet.

That doesn't sound good coolpatterngirl.

Are the EA selling the other people's house, so it would mean two lots of commission for them?

Yes, exactly. I actually don't know what to do/say. I'm shocked they think this is ethical.

Maybe the vendor will be more ethical, not least because gazumping someone sets entirely the wrong tone for a conveyancing process.

I can only hope so. The whole process is so magnificently crappy!

I couldn't agree with you more about the absolute crappiness of the process.

Thank you Spickle, that is reassuring :)

I've finally got the quotes back from the moving companies we found that actually had availability and will be booking that on tomorrow morning. They're going to start packing in Thursday, which seems ludicrously soon.

I have banned DH from being involved in the move. At all. He is just a source of stress for everyone and makes things a nightmare. So he will be staying at work til they're done on Thursday and leaving for work before they arrive on Friday. Instead I've told him he can phone al the utilities and redirect mail and all that crap. It's the least he can do if I've got to do the actual move on my own (not looking forward to the cleaning at all).

Poor old DS1 had a further maths exam on Friday morning so he'll need to phone afterwards to find out where he's coming home to.

This Thursday? Brilliant, how exciting

Yes. Tomorrow...

After all the waiting it's now going very fast indeed.

Go step - so did you only have 3 days between exchange and completion? That's crazy quick I thought it was usually a couple of weeks at least. Good luck with the packing!

But that gives me hope we could still get moved before lease is up even if the lawyers keep dragging their feet (and it is the lawyers, no-one in REAL LIFE thinks there isn't access to the property or that it is at any risk - SIGH).

I'm going to start prepping to move next week, as we have to get out in 4 weeks regardless of whether we've actually bought somewhere or not.

Does anyone know if a previously aborted sale/ purchase can be picked up at the same place, i.e., exchange?

Yeah. We complete on Friday but the packing starts tomorrow. It's all very quick.

Nothing at all happened until this time last week. The vendors were dragging their feet and not answering queries or accepting that it's their problem that the road the house is on still hasn't been adopted by the local authority or that they might actually be responsible for paying the estate management fees from January-now (as well as the 58p they are in arrears!). Then suddenly they wanted to exchange immediately when no one else was ready.

I think they were dragging their feet because they didn't want to be pressured to move before the 24th (when their new build is ready - despite the whole claiming there was no upper chain at all because they were renting and buying separately). So they really didn't do anything. I know for a fact (because I've seen the paperwork) that it took their solicitor over a month to even contact the management company and they point blank refused to provide planning permission details and other standard stuff.

It's stupid because both our buyers and us would happily have exchanged weeks and weeks ago with the same completion date.

I am a bit annoyed that the horrible vendor got the completion date he wanted after being so awful. He really didn't deserve to get his own way.

Good luck with the packing step!

I am a bit annoyed that the horrible vendor got the completion date he wanted after being so awful. He really didn't deserve to get his own way.
Agreed but not worth stressing about - you're winning really becase you're finally getting into your new home :-)
Very excited for you.

Agree it would have been better to have exchanged a few weeks ago with a compltion date set for the same day. The pre-exchange time is so stressful as its not yet legally binding.

I have put all the bins out (so they don't pack our rubbish) and mown the lawn for the last time . I've packed a suitcase for tomorrow morning (with stuff for Saturday in there too) and put it in the car boot along with the Hoover, the cleaning stuff and anything else we do not want packed.

Now I'm just waiting for the movers to get here (they said they be here between 11 and 12).

DH has to make arrangements with the horrible vendor to hand over the keys to me tomorrow.

Hope it's all gone smoothly today Step!

We've had our contract to sign for the solicitors to hold on file. EA rang and said vendor's solicitor has received the thirty(!!) queries our solicitor sent through and is getting to work on them. We should expect to hear by mid-week next week about when we can look to exchange.

All sounds very exciting but I'm so jaded by this point I don't believe a word of it

Oh gosh Heyhey, if there are 30 queries for the vendor to respond to, it is doubtful whether you will hear next week about an exchange date unfortunately. It does take time for responses to come back from third parties, as well as supplying evidence/paperwork. 30 queries would also suggest that there could be rather a lot of matters which need dealing with.

coolpatterngirl no, if there has been a change of solicitors because of a new buyer, that new solicitor will want to raise their own queries and not rely on responses already given by a different solicitor on a previous aborted transaction. Providing draft papers would be quicker, i.e. fixtures/fittings and property information form already filled in by the vendor but that's about it.