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Original poster

Sellers/Buyers roll call Part 4 Keep strong everyone!

999 replies

alifelessordinary · 13/02/2019 16:46

Thought I'd start a new thread as previous one had hit 1000 posts and wouldn't let me reply!

@LookingOptimistic why do solicitors have to be so difficult at times? Hope it gets resolved for you soon.

The indemnity policy came through this afternoon, so we're hoping we might be exchanging sometime next week...unless something else crops up!

OP posts:
NewYearNewSocks · 16/02/2019 23:33

@happychange

If it wasn’t the perfect house in the perfect location for us then I wouldn’t have done. We thought ours would take ages to sell and we would miss out on it anyways due to brexit and people waiting to buy.

We discussed waiting but my reasoning was that mortgage interests may spike and the market may dive afterwards and although our current house is amazing it’s on a very rural 60mph B road where people frequently go much faster and it concerns me bringing up the baby there.

We also wanted to sell at what it is currently valued at and I didn’t want to risk it going down in value. Swings and roundabouts. We ended up 11K over asking which in the north east is almost unheard of, equally ours sold at asking which is almost unheard of too. I can’t really figure out what people are thinking.

sandybayley · 17/02/2019 08:55

@happychange - yes SW19 going to SW20. They are crazy prices but they have been for a long time and I suspect will continue to be given proximity to central London and the fact that the area is known internationally because of the tennis. It is also a lovely place to live.

Our surveyor, Connell, was good but was just the one we got through our mortgage company (Coventry BS). He was a bit over zealous (false red flag on asbestos) but very efficient in getting the valuation back to the BS (next day) and the HB report came back to us in 6 days.

spinabifidamom · 17/02/2019 09:15

I just got a message from the buyer. He wants to come Tuesday morning instead. Additionally we are having a Sunday off from anything related to the property market including estate agents and insurance.

TiddleTaddleTat · 17/02/2019 09:25

@LookingOptimistic pleased to hear it Smile

We heard yesterday that the chain above is now complete, that was quick! DH and I now rushing to arrange getting hold of payslips etc (his are digital and need a special request) to pass on to the broker. We were thinking to apply for mortgage, wait until valuation is back before arranging survey. We're going for full structural as it's 1930s. Any thoughts on that?

MrsPatmore · 17/02/2019 13:34

TidleTaddleTat we have ordere a full structural as ours is 1930's too and has a kitchen extension. £700! Hoping it doesn't throw up any nasties. I don't mind anything like re-roofing etc but would be scared by rising damp or any kind of rot. The reports are usually full of caveats though. We once bought a property that had monitoring rulers for subsidence and this wasn't picked up in the survey - nightmare!

TiddleTaddleTat · 17/02/2019 16:24

@MrsPatmore that sounds fairly reasonable for your survey actually - we are expecting about £800. Most people round here just get a homebuyers but we would like to get more detail as plan to make structural alterations and add an extension in future.
Did you arrange that once your mortgage was in place? I'm wary of arranging both at the same time because both are risky really. I plan to apply for the mortgage and instruct solicitor to start searches and then wait until mortgage is agreed before arranging survey, does that sound OK?

ErickBroch · 17/02/2019 17:00

TiddleTaddleTat we did our survey before instructing solicitors, saved us money in case the house was not worth us buying, as solicitors wanted £500 upfront for searches etc.

sandybayley · 17/02/2019 17:07

@TiddleTaddleTat - I can see the sense in delaying your HB or structural survey but just be careful it doesn't send a mixed message to your vendors. Our buyers delayed and it got me a bit angsts that they weren't as committed as we were. It's coming together now but they our sale is now lagging behind our purchase.

TiddleTaddleTat · 17/02/2019 17:13

@ErickBroch @sandybayley thanks for your thoughts... I guess I'm just wary of arranging mortgage, survey and searches all at once because that's £££s down the pan if it doesn't work out.

Milly90 · 17/02/2019 19:56

Hay everyone

I have the Sunday evening anxiety of what's going to happen this week!

Friday I spoke with my buyer who said 3 enquiries were still outstanding and i asked what these were. And one of the things I had DEFINATELY already resolved so I sent her the paperwork myself and she agreed she had already had sight of this! She then emailed her solicitor (was by then out of hours) and asked they recheck all recieved information as one of the "outstanding" docs was sent to her by her solicitor weeks before. You couldn't make it up 😂

I've spent this weekend deep cleaning my kitchen and packing away nearly everything as between me my buyer and the people I ak buying off of we want to exchange AND complete this week. I'll believe it when I see it Hmm

DavetheCat2001 · 17/02/2019 20:02

Evening all.

We have spent the entire day clearing the loft and chucking stuff out. Gave some things away for free and sold a travel cot locally. Also managed to bag a huge free IKEA rug that someone locally was giving away that will make a temporary carpet for one of the kids bedrooms in the new house.

The thinking is to chuck out crap, and pack up in boxes stuff we are keeping so it is all ready to load up when (if) we finally move into our new house.

Update on the sale of ours is the buyers FINALLY submitted their solicitors details on Friday, so a memo of sale went out, and according to the estate agent they have done their mortgage app.

Nervous about the survey on this place too as it's an old flat and I can just imagine them flapping about every little thing that comes up.

Half term next week so I'll have other things to occupy my mind! Probably for the best as I am finding myself getting a bit obsessive about this whole business!

ErickBroch · 17/02/2019 20:03

TiddleTaddleTat understood!! I just think if you pay £500 for a survey and find out it's shite, thankfully you haven't paid for solicitors as well. If you do solicitors first, then survey and it's shite, then you have paid for both.

Also PP has a good point, shows a commitment. Do what works for you though! :)

DavetheCat2001 · 17/02/2019 20:05

I think we'll prob go for the full structural on our purchase too as it is Edwardian..I'm sure there'll be loads of interesting reading!

tenapenny2018 · 17/02/2019 20:33

Praying there will be an update tomorrow ......

LookingOptimistic · 17/02/2019 20:34

All your surveys seem cheap; i had homebuyers and it cost £695 (1979 property so didnt feel i needed structural), and three years ago with same mortgage provider it only cost £495.

tenapenny2018 · 17/02/2019 20:37

Milly90 Wish you good luck this week!

I am hoping we can exchange this week, too. But completion will be another 3 weeks.

spinabifidamom · 17/02/2019 20:39

We will be talking money and numbers with the buyer tomorrow morning. Finally someone shows interest in my flat. I got a email from the estate agent.

ErickBroch · 17/02/2019 22:48

LookingOptimistic mine is a 3-bed built in the early 90s, age and size probably plays a factor! I had a few quotes and all of them were £500

LookingOptimistic · 18/02/2019 06:50

@ErickBroch Well that makes sense; my first place was built in 2011, so guess thats why it was £200 less for the survey!

tenapenny2018 · 18/02/2019 12:45

Cliff hanger extended!! My solicitor is on leave until Thursday...sigh

LookingOptimistic · 18/02/2019 13:18

@tenapenny2018 Awe hang in there Flowers we have to wait till Thursday for an update too, my buyers access query (on the sale of their property) is now a 'who owns the land query' but hoping with be resolved by then...such a stressful process.

TokyoSushi · 18/02/2019 13:28

Oh no @tenapenny2018 I know everything there is to know about bloody stupid garages and their ridiculous defective leases! I'm certain yours won't be as bad as mine!

Week 27 here, yes TWENTY-SEVEN, our buyer has managed to extend her mortgage by 2 weeks, we're still waiting for the amendments to come through on the garage lease that our buyers solicitor is insisting on but we've now got until 8th March. Our solicitor is doing a morning chase and an afternoon chase, every single day, on everything!

Our purchase (house number 3 - all fall throughs caused by garage) is ticking along reasonably well but enquiries are a bit slower to come back than I'd like.

I had totally lost the will to live on Friday, but feel a bit better today. So on and on and on it goes...

tenapenny2018 · 18/02/2019 15:21

TokyoSushi Thanks!!

Reading your story makes me want to pull out of the deal! Because the seller is refusing to rectify the lease demise error, so if I proceed, it could be my problem down the line! But as I explained, the lease itself is not defective. The title and plan are correct. But in the lease demise section, where it describes what are included when the lease is transferred in a purchase, it erroneously included the couch house about the garage.

I am not sure if I want to proceed, even if my lender says it is OK.

I cannot remember, but was your problem similar? And it cost you £3,500 to sort it out? OMG, then I will have no choice but to pull out...

Riya011 · 18/02/2019 16:09

Hello everyone, anyone from Bromley here? We are considering going back on the market, go now or wait until this brexit thing is done?

1stTimeDad · 18/02/2019 16:18

Afternoon all,

I’m new to the thread but wanted to get a little advice if possible. So our situation is we accepted an offer on our current property on the 7th Jan and had our offer accepted on another property on the 14th Jan.

We completed all the the forms for our sale and returned them via record delivery on the 8th Jan, and paid for the Managment pack on the same day(current property is leasehold) which was finally provided on the 22nd Jan.

On our purchase side all is taken care of mortgage, searches and contract report. The issue that we have is that our buyers solicitor is a little slower, which is fine I fully understand that ours is just one transaction amongst many others and is only personally important to those involved.

However the problem is that our solicitor’s assistant (the day to day contact person we have to use) refuses to contact the buyers solicitors, and I keep feeling fobbed off. On two occasions we’ve asked that our solicitors to contact the buyers solicitors firstly to confirm that the Managment pack had been received( it hadn’t this led to a week delay), and now for an update as all enquiries were closed off last Tuesday and the searches were already complete. Is this normal, I would have expected a bit more proactive managment, is that unrealistic?

Thanks