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6 replies

Tessie87 · 19/04/2020 20:50

Hi all...FTB here so just after a bit of advice in the current climate. We currently rent off a family member and are purchasing an empty property. We can afford to pay both rent and mortgage for a few months, the offer was accepted well below the asking price so we don't want to negotiate lower and are really hoping the sale will go through.

We have our mortgage offer, all surveys etc have been done, we have signed the documentation and I've closed my Help to Buy ISA as I was advised to do so by our conveyancer. So no exchange of contracts yet...how likely do people think it is that the sale will happen, assuming the seller doesn't pull out? Sorry to sound naive, as a FTB I have a lot to learn and am hoping someone can give their view on this please Smile

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Tessie87 · 20/04/2020 10:20

Anyone? Grin

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Rhapsodyinpurple · 20/04/2020 10:31

Our sale is still going through, albeit more slowly than would usually be the case.
Can you contact your solicitor to see where you are and ask for a likely timescale?

Loofah01 · 20/04/2020 10:37

Sounds like everything is complete bar the exchange so can't see any reason they can't get that done. Call up your solicitor and pester them to get a move on or define a reason as to what the delay is.

catfeets · 20/04/2020 10:43

You shouldn't have a problem. Our sale is still going through but we're very worried the buyer will pull out. Your seller is probably worried too so might be worth a call to your solicitor to see if there's any hold up. There shouldn't be any reason for it not to be progressing but it will be a lot slower than normal.
My brother's house completed quickly during lockdown and he moved in last week. As you're moving into an empty property you will be allowed to move during lockdown.

PersonaNonGarter · 20/04/2020 10:44

Should be fine.

Tessie87 · 20/04/2020 11:15

Thank you all, it's reassuring to hear. I will contact the solicitor to see how things are looking time wise 👍🏼

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