In a Chain Support Thread Nov2017

[YogaDrone]

Congrats to those who have exchanged and are moving soon.

Fingers crossed to those hoping to exchange soon.

Come vent your property chain based frustrations and joys here.

Previous thread is HERE

Huge Congratulations to those who have moved!!! So excited for you all.

Welcome to the newbies - this is a safe place to scream and shout lol
Yoga Just had a quick read though of the other thread, people are strange aren't they!

We are still hopelessly waiting for the mortgage approval. We have chased the broker an he has confirmed that the underwriters have approved it but Woolwich are just doing the id checks with a turn around time of about 5 working days - I would pop in for a DNA test if they preferred, what on earth could take 5 days to check? Anywhoo they are so many happy vibes on this thread I am glad I joined.

There is hope for the rest of us yet!!

Hi All, just thought i would join your thread. some of you have had a really rough time by the sounds of it. We are in a chain and our sellers are being a pain in the butt at the moment.

Our solicitor has flagged up some issues in their lease which needs addressing (like for starters the wrong number flat is named on the official documents! ) they are dragging in their heels in and refusing to make the amendments (as it would cost them) so we've threatened to pull out.

You would have thought that as their property has been on the market since Feb and they have found their place to buy they would be chomping at the bit to keep a buyer.
People eh

Also congrats to all those who have completed!

creeping back in to flap about schools - finally got news back and my year 4 dude has a place at our preferred school but our 1 chap doesn't have a school place at all.

i feel sick - don't know what to do

Thanks Yoga that thread is hilarious and horrifying in equal measure! Hope your mortgage turns up soon Honey the waiting is the worst bit! Welcome Bethany sounds complicated - hope your vendors see some sense soon!

Gosh Raa that’s just awful. What happens now, do you randomly get allocated a place miles away?

Well, it all continued to get a bit more farcical today. We’ve exchanged on our sale, and complete next Thursday. We didn’t exchange on our purchase, and the lender finally said they would try and get a response back on Monday (having previously promised it for Tuesday this week). I spent some time on the phone with our broker pointing out that not committing/delivering on a timescale for making a decision now means we’ll probably be homeless on Thursday. They’re trying to get me a response, but I’m losing hope right now.

Wow, lots of progress here!! Congrats fialor, yoomoo and puss for moving. Must be so exciting!!

MrsJW has your mortgage letter arrived yet?

Yoga I seriously can't believe how quickly everything moved for you in the end!! Amazing..

Frescoed omg what drama. How can that happen?!! Was it the lender that messed it up?

Honey I'm sure we got told a longer time than what it actually took in the end. Hope you'll get the decision on Monday even.

Bethany welcome!! And Mollie fx for exchange.

Raa that's awful. Do you think it'd be worth visiting the school your four year old has been accepted into and just outright begging them to take the older brother. I think I'd try it.. might work if they realised how difficult it will be for you.

We've finally got progress!! The subsidence issue turned out to be nothing. Every single house within at least five mile radius is medium to high risk for subsidence because of the type of ground around here. So nothing to do with the house itself.

We're going to sign both contracts on Monday and solicitors will exchange latest o. Thursday. They haven't agreed on a date yet but hopefully shouldn't be difficult as the buyers solicitor happens to also be sellers solicitor. Strangely the exchange date is not 100% certain but completion date has been agreed for 14th. Can't believe it might be happening before Christmas after all. Our solicitor has been so awful at giving any information or hope. Still is.. just keeping my fingers crossed there won't be anymore complications.

Hello Bethany and welcome I've come to the conclusion that buying and selling does weird things to some people I hope you get your issues sorted soon and the rest of your move is smooth and uneventful!

Fingers crossed it will come through on Monday for you Honey

Oh Raaraa what a nightmare what have the admissions people said about a place for your younger child? Although presumably they'll leap to the top of the waiting list with a sibling already in the school. If there isn't a space in the locality it could work out for you and they'll make your younger child an excepted child at your chosen school. And you never know, someone else might be moving out as you move in and both DC will get a space. Fingers crossed. I really hope it works out for you

Oh goodness Fescoed how stressful Will you move in with family or try and find a short term rental if you have to?

What a relief Stormy! phew... Hopefully you'll have a decent gap before exchange and completion so that your DH can sort out the friends and family and packing!

Things have gone rather more quiet later this week for us, but contracts are signed and ready to be exchanged. Hopefully next week - fingers crossed still.

Hello All, I am just about to fall off of my feet.
I see progress being made by some. Keeping my fx.

I am sorry I cannot respond to everyone, as this is just a quick update.
We moved in yesterday! Yeah! Pussin, and Yoomoo, I hope it all went well. Pussin, sorry about the broken door lock. Hopefully that does not tarnish your joy at completing. New house!

Yoomoo, how did it go? Are you as shattered as I am, trying to get everything unpacked, broadband sorted, grocery delivery done, potentially redecorate a room to red and purple for DD.

I think I will go to bed now. I am falling sleep as I type.
for me I think!

Tentatively joining. I almost don't believe my sale/purchase is happening but I definitely need some hand-holding... I'm a single mum and this whole thing feels really lonely and a big responsibility on my own... my own dad died a few years ago and he's the one I'd have gone to with all my woes...

Anyway, FTB offered full asking price on mine 3 weeks ago.... 2 days later my offer on a property was accepted. It's empty currently, vendor had it as a BTL but is now selling it. So the 'chain' is only 3 of us.

Surveys both done, my purchase seems OK, few niggly bits to sort but nothing you wouldn't expect for an edwardian property. Still waiting some outcome from my FTB survey on my home, little bit anxious about it. Had my mortgage offer.

Just a bit anxious that if I sign and return all the forms to solicitor I will be liable for the fee even if things fall through - I can't afford to lose £2k for nothing. Am I being silly?

Hi, just joining now to ask advice.
I was told by my solicitors that my sale would go through after Xmas, then my buyers said their buyers needed it to be before Xmas so I agreed.
Now they have issued an ultimatum to say it has to be on Monday!
Obviously my solicitors cannot do this and I cannot be dishonest about it (I'm very principled)
I'm baffled - do I have to pull out now?
This is the second time this has happened to me - the first time I checked and people I was buying from were moving in with family, then once I engaged solicitors they gave me an impossible deadline so I pulled out.
What is going on?
I really don't get this - how on earth can I commit to something out of my control?
Is this even normal????
2 weeks before I anticipated moving I'm being given an impossible deadline.

Jober and YNK, welcome. There is support, and hopefully helpful information for you both.

Jober, I think it would be natural for anyone, regardless of whether they are alone, or with someone, to question committing to sucj large of money. However I try to think of the end picture and the goal that I have and want to achieve, it then does not seem so daunting anymore.

YNK, it is unclear how long your chain has been active. Your solicitor is working and chasing in information to ensure that your interests are protected. However they still work for you, and will do as you say or require (inside the legal boundaries). And can advise within context.
So unless you have instructed your solicitor to complete after Xmas, it seems to be that it might that your solicitor is slow, or the searches are quite slow. Either way, find out what is outstanding and preventing your solicitor from escaping as your buyers want. Then talk to your buyers. If you cannot get hold of them, speak and explain to their ea who will pass the information on. The average turnaround for a standard purchase is 6-8 weeks. But it can be as quick as 4 weeks if all the stars align.
I hope you get some clarity from your solicitor.

Congratulations fialor and I hope your day was uneventful, if busy and tiring How is DD enjoying her new home? A red and purple bedroom sounds awesome

Welcome Jober and YNK

Jober the conveyancers we are using is a sort of no win no fee - so if we don't complete they don't charge us. I'm sure we are paying a premium for this flexibility but it seemed like a good idea to us. I think that you can get movers insurance too so if you are concerned about the outlay perhaps consider insurance?

It is daunting. I'm still waking frequently at 3am worried about how much the mortgage is going to be and (potentially) how much its going to cost to maintain the place. I think we all worry about the finances but, as fialor says, keep your eye on your end goal. Very best of luck . We are a supportive bunch here so feel free to vent as and when you need

YNK have you exchanged yet? I think I'm not understanding correctly because I can't see how a party in a chain could turn around on a Friday evening and demand completion on the Monday. For a start the solicitors would all need to agree it - there are potentially mortgages to draw down and these take several days even when mitigated. I think I would email my solicitor today and also talk to my estate agent and try and gain some clarity.

You don't have to pull out though - you just need to refer the buyer to their solc. and say that you can and will move when the conveyancing is complete. Who has told you your buyer needs to complete on Monday? I'm sorry it's so stressful for you

Thanks, that was the message from my solicitor who phoned me on Friday. She just read the letter from my buyers solicitor to me. It was a bit of a shock tbh.
Originally my solicitor estimated everything would be ready to move after Xmas then my buyer asked if it could happen before Xmas because their buyer was threatening to pull out so I agreed, even though I will have no kitchen in the place I'm buying.
However my solicitor still needs time to complete the paperwork.
This last ultimatum is the final straw - I'm tempted to think it's just a bluff so I've left the ball in their court and will find out their decision on Monday, which is their deadline for a date to exchange.
I'm also tempted to call the whole thing off myself as I detest bullies!

aaaggghhh yoga I looked up home buyer's protection insurance; but you can't get it after a survey has been done! I wish I'd known about it before!!! :(

YNk you may discover your sol won't be able to,actually do anything to get this sorted before Christmas anyway.

Everyone in my chain wants to be in before Christmas too, however my vendors / vendors sols have held things up despite them being the Ines pushing for pre Christmas, and a search has thrown up an issue as well that needs investigating. These things can't be helped.

I wonder if your buyers buyer is an FTBer who demands everything their way as they are an FTBer but doesn't actually know due process and time constraints...

fialor - congratulations. Hope you are all settled in now

Glad to hear that the subsidence turned out to not be a problem Stormy, hope you get to exchange pretty quickly now! Hope this week is your week for exchanging too Yoga. Congratulations Fialor glad you are in now!

Welcome Jober as others have said it's very natural to feel quite apprehensive and anxious - it's a massive purchase and a pretty crappy process, unfortunately. Lots of helpful people on this thread though. Hope your solicitor is able to shed some light on things this morning YNK presumably they won't let you exchange if the necessary paperwork/diligence isn't in place. Sorry to hear you are being slowed down from as you say sometimes these things can't be helped.

Well, it's definitely D-Day today. We exchanged on our sale last week, and complete on Thursday. There's a very small window this morning for our lender to come back with a positive response on the land issue, and if they'd agreed to a faster transaction of funds we might still be able to get the purchase to line up. If not, everything goes into storage and we camp out at my parents. I can't quite believe it's come to this, as we started all this with plenty of time (and the land was raised with the vendor's solicitor in October) but if I think about the ins and outs too much it just drives me crackers.

am making frantic phone calls to the council and schools today trying to find a place for one of my boys and figure out if we can find any where for them together. feeling sick with anxiety.

this sucks as if our vendor hadn't dragged their heels so much we might have got them into the very local school which had spaces in the right years as of two weeks ago. as it is we've lost one of them and he currently has no school place at all as of january....

Raa that is a truly crap situation. Good luck for today, hope you find somewhere.

Fingers crossed for you this morning Frescoed, I hope the land issue gets resolved for you.

Fingers crossed for you to Raaraa. There is such a demand for primary school places that they just don't stay empty for long. I hope the council are able to come through for you.

I agree with what fromtheshires says YNK, it may not be something that can be controlled and their solc. will have to explain this to your buyers. If it has been dragging on for weeks and months then I can absolutely see their frustration but demanding something to happen the following working day is unreasonable in anything that involves legal process. I hope you can get some clarity and answers today.

We hope to be in by Xmas too, although our solc. has (worryingly) left a note on our portal to say that she's still waiting for a couple of answers from our vendor's solc. We thought the enquiries had all been resolved so not sure what that is about

Oh that's a shame jober. I wonder why you can't get it after the survey. I'd have thought that would be exactly the time you'd want it! It is a stressful time, not least because you feel as though you have no control over the process (I'm a bit of a control freak and I'm finding this part really difficult to deal with).

We had a weekend of taking stuff down and making good. We've turned the dining room into a box repository. All of DS' enormous bunk bed set has now gone to the tip. So we are carrying on as if its going to happen, just hope the solcs. can do their part!

Guess we won't be moving on Friday then since the solicitor has failed to call me back or answer my emails!!!!! Ffs

Ahh Mollie I feel your pain! It's very difficult when you're trying to plan life around people who won't call you back. I hope you get some clarity soon.

That's the right attitude Yoga we have been doing the same!

So, after chasing everything (including DMing the lender on twitter!) I finally found a phone number for the lender directly and called mid-afternoon - to be told that they'd responded today to the solicitor to give them the green light! Lender also says they could release funds faster to facilitate Thursday completion! Hooray! Obviously, we then ring the solicitor.....who is on leave today. So, hoping first thing tomorrow we can exchange and the solicitor can confirm that the lender will help us to a Thursday completion and avoid the possibility of temporary homelessness. I have booked the removal people and will just behave as though it's happening until anyone says otherwise.

No one seems to know what's going on here... My solicitor emailed me this morning to ask for a copy of mortgage valuation. I faxed what I had as part of my home buyers to him. Apparently not it. My mortgage advisor doesn't know what he is on about and he won't answer my or her calls.... I cracked up a bit earlier

hello all!

I was gonna update you on our vendors response to our final ultimatum which seemed positive but we still thought they might take some convincing...but then out of the blue today...

from nowhere...

amazingly...

like a visitation from all the angels themselves...

WE'VE EXCHANGED!!!

ACTUAL EXCHANGE!!!

I am drinking champagne!!

Great news lubeybooby!

Seems like a lot of you are stuck waiting for answers as to what is going on. I really hope you all get answers soon (and they're the answers you want)!

Nothing going on here. As far as I know the vendor of the house we are buying still hasn't found anywhere she wants to move to. Sigh.

HOO bloody RAH lubey about ruddy time. Feel like you are my soul sister on the elongated purchase. It will be nearly 11 months from first viewing to completion for us by the time we move. Still not drunk any champagne but getting closer. I will be drinking bubbles and be happy soon - I hope!

I can't believe it

Raaraa I have no idea how you are still sane, I was on THE EDGE

I just can't believe it. we were so sure we'd lose it then just out of the blue today it happened. we weren't expecting an update til Wednesday (deadline we gave)