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Handhold please. Exchanged on sale but not purchase!

18 replies

fresh · 08/07/2019 18:22

Just what I needed. Selling through divorce, signed consent order this morning, exchanged on sale this afternoon, gave authorisation for exchange on my purchase at the same time and..... nothing. No word from sol as to why and my imagination is going into overdrive! Please tell me this will be ok while I work my way down a bottle of wine! Due to complete next Friday so I’m stuffed if this goes wrong somehow. Aargh...

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Ilikewinter · 08/07/2019 18:29

Are you moving straight from current house to new house?

When we moved the solictor exchanged both contracts on the same day, it took a few attempts before it actually happened, no real reasons as to why just part of the stress of moving house.

tomboytown · 08/07/2019 18:32

Don't panic, sometimes they just don't confirm it bank to you!

wowfudge · 08/07/2019 18:37

Jeez - are you sure you didn't just consent to exchange on the sale? I'd be very surprised if your solicitor has let that go ahead without the onward purchase exchange also lined up.

fresh · 08/07/2019 18:41

Nope, definitely gave consent for both - different matters for the sale as purchase is just me so I get separate emails for that. WhenI gave the ok to exchange on the sale I specifically said only if exchange on the purchase was ready to go.

They open at 8.30 tomorrow. I will be their first call and I am NOT a happy client.

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Goinglive · 08/07/2019 18:50

Gosh I really can't imagine that any property lawyer has allowed exchange just on one but not the other.

When the sol took authority to exchange, did they run through both sale and purchase contract with you?

fresh · 08/07/2019 18:57

Yep, we’ve been through everything including the things that they want sorted but I’m relaxed about. They specifically asked me to confirm that I was happy to go ahead on this basis, which I did.

I’m a pretty experienced property buyer but this has never happened before. Alongside the divorce and having to sell the house I put my heart and soul into 3 years ago... I really don’t need this. Am 2 glasses of wine down so will be asleep in front of Netflix shortly!

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GrabbyGertie · 08/07/2019 19:36

Sounds very stressful. Hope it works out ok. I’m sure it will.

fresh · 08/07/2019 19:40

Thanks . I promise to update tomorrow!

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namechanged2000 · 08/07/2019 20:23

This happened to me recently op. It's so annoying. All went through the next day fine.

fresh · 08/07/2019 20:34

Thanks name change, I’m visualising that instead of homelessness... and breathe ...

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Katxie · 08/07/2019 20:43

I'm a property solicitor - ask them why they didn't tie your purchase exchange into the chain when exchanging on the sale. I actually can't think of any legitimate reason for them to do that without consulting you about the risks and getting your express permission to do so in writing first. I quite often have clients in your circumstances and it's no issue at all linking the purchase in to the chain of exchanges, it doesn't make any practical difference that you're buying in your sole name. Very odd of them, unless they've hopefully miscommunicated and have actually exchanged on both.

That being said, hopefully all will be well tomorrow for you! But definitely get on the phone first thing Thanks

namechanged2000 · 08/07/2019 20:46

I was crapping myself too op, I know exactly how you're feeling right now.

Everything will be fine, could be a misplaced bit of paperwork that they found after office hours or they have a policy about not doing both in one day to make sure all money is accounted for before going back out again.

fresh · 09/07/2019 08:13

Ok everybody, panic over. Grovelling email this morning saying she exchanged on purchase yesterday but assumed that as she advised we’d exchanged on the sale she assumed I’d realise that she’d done the purchase simultaneously. Er, no, but to be fair given all the circumstances I’m at Defcon 11 here so I may have been a little unhinged.

Thanks for the handholding. Is it too early for gin?

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Mosaic123 · 09/07/2019 08:19

Champagne and orange juice is more suitable for a celebration at this time. Glad it's all OK.

fresh · 09/07/2019 08:24
Grin
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Lisette1940 · 09/07/2019 08:32

You've a great sense of humour OP. Glad it's worked out with the sale. Sorry you've had so much hassle in your life recently - wishing you every happiness going forward.

fresh · 09/07/2019 08:34

Thank you. A bit of black humour helps....Grin.

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GrabbyGertie · 09/07/2019 10:22

That's good news. Congrats on the new place 🎉🎉🎉

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