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Would anyone like an 'in a chain' support group? (3)

999 replies

Spickle · 02/05/2017 19:17

Assuming all you lovely people in a chain still need a support group? Here it is......

OP posts:
AwkwardPaws27 · 30/06/2017 12:16

We can't exchange until they either have the certificate or the insurance, and Gas Safe won't/can't email a copy for 7 working days as they have to got through their "process".

However it appears the plan at the Land Registry needs to be amended so that could take a couple of weeks to resolve anyway.

Repeat after me: It is what it is (deep breaths!)

Spickle · 30/06/2017 13:13

Yes that's right mother. Ever since your solicitors started work on your case, they have been gathering knowledge and information regarding the property. The "Report" is a comprehensive pack of relevant documents, plus Contract and/or Transfer and/or Mortgage Deed to sign and return. You need to read through the Report to satisfy yourself that there are no nasties and that you are happy to proceed to exchange and completion. Once you have sent back any documents which need your signature, your solicitor will check that you are happy to proceed and will be looking to exchange as soon as it is practical, taking into account that others in the chain are also ready.

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m0therofdragons · 30/06/2017 13:42

So technically, if our buyers are happy with our responses and we get a response from vendor early next week the exchange could be Friday?... not sure searches are back yet. It feels like a light is dangling at the end of a long tunnel just teasing me.

Spickle · 30/06/2017 13:59

If searches are not back, then exchange next Friday is unlikely. Searches need to be back and solicitor will read through the document to see if additional enquiries are needed. Same goes for your buyers and your vendors.

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m0therofdragons · 30/06/2017 14:57

Our vendor is moving to rented and buyers were just waiting for our reply which they received today.

Solicitor has come back saying 14th is unlikely for exchange. Vendor may lose new build as they are supposed to exchange by 7th. If they lose that then they aren't planning to move 😫

The whole thing seems ridiculous. There are only 2 bloody houses involved and it's all been straight toward. 6 weeks seems like it should be enough time to reach exchange in these circumstances.

Spickle · 30/06/2017 15:28

Try not to worry. New build 28 day exchange deadlines rarely happen in practice. Developers are used to it, they just like to put the pressure on the buyer to get a move on, but obviously when you're waiting on third parties to provide answers, a 28 day deadline is frankly ridiculous. The developer will wait, as they will have done for many others before.

The reason exchange is not likely yet is that:

  1. Searches awaited.
  2. Searches read through, additional enquiries may be raised.
  3. Await responses to additional enquiries.
  4. Report letter and documents to be compiled (this takes around 3-4 days to amass all the information into a pack.
  5. Report sent to you.
  6. You read through and sign appropriate documents. If you don't want any more delays, don't query anything! However, if anything is wrong and you want it sorted, now is your last chance, but will delay further.
  7. You send back signed contract/transfer/mortgage deed.
  8. Solicitor checks bundles to make sure everything he needs is there.
  9. Solicitor phones other solicitors, making sure they are all in a position to exchange.
10. Solicitor phones you for your instruction to go ahead and confirm completion date. 11. Solicitor starts the exchange process and will phone you when it is done.

As you can see, still a way to go and not likely to be less than two weeks. But, you are nearly there, just hang in there for a few more weeks!

OP posts:
donkey86 · 30/06/2017 15:50

We've exchanged! Completing a week today. Interestingly, the searches on the bottom property still haven't come back, so I've no idea how the FTBs and their solicitor squared it all with their mortgage company - but somehow they did, and it's gone ahead without the results.

At lunchtime today someone higher up the chain said they were going to walk away. That wasn't a fun couple of hours. Who threatens to do that on the last day?! But it's all sorted now. Phew.

m0therofdragons · 30/06/2017 16:22

Thing is, if we don't complete 1st week of August the the move will be September as neither Dh nor I can take any other time off in the summer - needs to be booked in advance. I know that list is long but 2 weeks seems plenty of time to achieve that to me for one house as other house went through it in 2 weeks. Clearly I have unrealistic expectations.

Nic083 · 30/06/2017 17:02

I've not had fun today. Solicitor finally received responses to enquiries but still isn't happy with some things so has put more in by email today. But he is now on annual leave & has passed our file into the completion team for when they respond again. The other day my vendor asked for another wk but my buyer wants in on 7th so she agreed. So why is she/her solicitor not answering the enquiries in full. Soooooo frustrating. Still hoping to move next Friday. X

ocelot41 · 30/06/2017 17:17

Thanks for all your lovely messages and I hope your moving woes are sorted soon!

m0therofdragons · 30/06/2017 17:22

Has anyone ever moved house and said "well that's a sensible system" or "that was easy"? 😂😂😳

ocelot41 · 30/06/2017 17:39

So far we are having a good experience on the buying end m0ther

m0therofdragons · 30/06/2017 18:16

Mine is good in that nothing has gone wrong it's just so outdated and slow.

StripyBlanket · 30/06/2017 22:03

I agree and that's the frustrating thing m0ther. I really feel for you. It's taken us 4 weeks for 2 solicitors in our chain to agree to one thing. Where I work if we had an issue to discuss we would get everyone together on a conference call and discuss it. That doesn't seem to happen in the world of buying houses. I appreciate that the solicitors are working on lots of cases at a time but in my experience they take days to get back to letters or emails. I looked into how to qualify as a conveyancer the other day......

badgercat · 01/07/2017 08:59

my absent buyer problem seems to be resolved hopefully, at least everyone involved is now communicating so hopefully we can start to see some progress,

Worst week of the whole thing so far feeling like we had lost out on another home, definitely never moving again !

Nic083 · 01/07/2017 09:10

Totally agree badgercat. We're never doing it again either x

xandersmom2 · 02/07/2017 11:20

Well, our vendors must be home very soon from their holiday, if not already (everyone has been very vague on when they would be back, apparently not at all an issue that they vanished for up to 2 weeks of their own needed 6-week exchange time).

It's been interesting having this 'time away' from the house-buying process. I mean, we haven't had so much as a sniff of an email from anyone (EA, solicitors etc) for over 10 days, so it feels as though it isn't real any more. Which has actually given us time to reflect - nobody there whispering in our ear that if we don't do everything immediately then the whole process will fall apart.

We know (because our solicitor saw it in the vendor's contract, not because anyone on that side ever actually asked/told us this) that they expect - and need - to exchange within the next 2 weeks. We have told our solicitor we don't care what their solicitor said (cos he's a rude obnoxious idiot) and we want an electrical survey, and the fireplace inspecting (per our surveyor's strong recommendation), before we proceed. The chances of us getting these items, and still exchanging within 2 weeks, are slim. Which is entirely not our fault, as if their solicitor had told his clients this before they went on holiday instead of bickering back and forth with us that they weren't willing to do anything, then they could at least have left a key with a family member or the EA and everything could have been done by now. And the upshot of us having some reflection time is that we don't care any more.

We still like the house and would like to buy it, but not 'at any cost' -
especially when that cost is my family's safety. Either they'll agree to these two additional inspections (we're even offering to pay, ffs) and will negotiate on the fireplace if it turns out to be unsafe, or we will go find another house.

Lovely not to feel stressed about it. And know we are doing the right thing for our family.

Let's see where we are 2 weeks from now Grin.

Nic083 · 02/07/2017 16:03

Well we have officially finished packing. Freezer has been run down (integrated so leaving) kids are so excited. All buyers & sellers working to 7th to complete let's see if solicitor pulls finger out 2moz. Xx

m0therofdragons · 02/07/2017 16:34

Such a beautiful day here and I'm just sitting in the garden wishing it was our new garden. This one is small and a bit overlooked. It's nice and never annoyed me before but I'm so ready. We had friends visiting today so 3 extra adults and it just reminded me how much this house isn't set up for entertaining on summer days. It's silly because I love this house and sold in 3 days so it's not a bad house at all, but I think I've begun to check out. We have a busy few weeks ahead with fun stuff planned so I really hope the time will fly by.

kashleesi · 03/07/2017 13:48

Don't you love it when you're supposed to exchange and complete on Friday and have given notice on your rental and the top of the chain suddenly decides they don't have a mortgage offer!!! I thought we were having a smooth ride until now. I think top of chain were going to rent but have decided to buy, extending the chain.

Spickle · 03/07/2017 13:54

Kashleesi - this is why your solicitor would advise against giving notice until you have exchanged and why simultaneous exchange and completion is a risk.

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joystir59 · 03/07/2017 14:02

Waiting to exchange. Was supposed to be Friday. Today ticking away.....Never Never Never again. I'm dying slowly.

kashleesi · 03/07/2017 14:04

Yes I may have been a bit naive. We have to exchange and complete on same day due to type of mortgage. Just waiting to hear back from sols so hopeful for next week.

Nic083 · 03/07/2017 14:04

Our solicitor has requested our mortgage redemption statement 2dat. Should be exchanging Wednesday morn & completing Friday. Grin

StripyBlanket · 03/07/2017 14:11

I'm another one never moving again! Nic hope it happens Wednesday.

We have finally exchanged today. Only 3 weeks later than we had hoped. It's such a relief to have got to this stage, the last 4 months have been a bit of a blur. Will be moving on Friday :)