Sellers/Buyers Roll Call 9 and STILL going

[kerrymucklowe2020]

Is it time to start s new thread as the previous one has nearly 900 posts?

@Maybenexttime08 oh no! What's the broker said? Can he sort it or find another mortgage for you? Surely if HE'S made the mistakes then HE has to sort it - and sharpish!

@kerrymucklowe2020 @notheragain4 We are porting our mortgage but with a gap between the buying and selling. We were told we could have a 3 month gap but now told 8 weeks.. not sure we can complete on our new build in 8 weeks which means losing £8k of early redemption fee!

Our mortgage broker is going to see if we can have an exception and have 12 weeks - fx'd!

Oh gosh that's really harsh, what a small gap! I thought it was standard to have a 6 month gap, you'd think the fact you'd have exchanged and therefore committed would mean something.

@Maybenexttime08 I hope he gets it sorted for you - that's why you use a broker to avoid things like that! What an extra stress for you!

We've booked our buyer's valuation surveyor in for next week so great to know their application is progressing. Very nervous as it's a 200+ yr old property and has a few quirks so never sure if a survey is going to come across well. What do they check on the valuation survey, do people know?

We're still waiting on some of the sellers paperwork for the house we are buying but we've instructed our solicitors to start the searches anyway as we've heard there's a 6week wait in our county! So just want to get those going.

Our potential buyer who viewed on Monday has increased his offer by 5k. It's a very low offer (still 10% under asking price) BUT our buyer has offered to lower the offer they will accept to help us out. They originally said by 5k but I might see if they would possibly go a little bit further.

I feel a bit disappointed by such a low offer but we have been back on the market nearly three weeks now and it's the only new offer we have had. I'm just hoping they don't try and lower their offer after the survey.

Just had word that our enquires are back and all fine and the local search is back, should be exchanging end of next week and completing on the week of the 14tth September

Only 10 days before I'm due baby number 2 but only ten weeks from offer to completion if all goes to plan

We've finally got the package through on our purchase (not our solicitors fault). It includes our contract to sign, which we'll get done today.

I've got a feeling we'll be ready in about 3 weeks.
We offered on 24th July.

It's all getting quite exciting! I've provisionally booked the removal company for 9th October so we've got a date to work towards.

We had the valuation on our current house today. Does anyone know if we will find out or do they only tell our sellers? Fingers crossed they agree with the current price!

On our purchase we have our mortgage survey today. Anyone with santander and know roughly how long the turn around for the survey is?

On our sale our buyers finally have a new lawyer so will need to redo all the legal papers this weekend. But finally moving forward hurrah!!

@Bells3032

On our purchase we have our mortgage survey today. Anyone with santander and know roughly how long the turn around for the survey is?

On our sale our buyers finally have a new lawyer so will need to redo all the legal papers this weekend. But finally moving forward hurrah!!

We are with Santander, from survey to offer was a week - hope that helps

Hi thread..... our purchase has been soooooo slow, I still haven’t heard back on queries I sent at the end of June! However, we’ve signed everything, we really are just waiting on solicitors. The vendors’ estate agent seems to have lost his patience (or be trying to get the sale through by the end of the month) and today is taking to hounding my solicitor. I said feel free, I haven’t got the brain space to be chasing daily at the moment, work is bonkers and I’m exhausted (hence why I also dropped off the thread). We haven’t got any time pressure so from my point of view when it happens it happens. The vendors chose our solicitor so it’s all down to them anyway.

@daisymill yes that helps. Thank you

I’m feeling very done with this whole stupid process today.
We’ve finally seen the fixtures & fittings and property information forms for our purchase (a house we offered on at the end of JUNE); all pretty much as expected, but it’s generated a load of new enquiries from our solicitor to theirs. Which given their track record of speed of responses (painfully slow) means that we’ve just given up any hope of exchanging tomorrow (which admittedly was always a bit optimistic!). There’s also a charge on the property registered to a private individual - anyone know anything about this?! @Jujuball or @MinecraftMother?? Our guys are asking theirs for ID1 and DS1 forms - from what I can tell they’re basically saying they want the charge guaranteed to be taken off after completion? I’m frustrated as this surely should have been in the pipeline to be sorted from the start but I have no faith at all that the sellers’ solicitors have even started trying to sort it. I suppose I might be pleasantly surprised and they’re on it already but I highly doubt it.

I’m not chasing anyone any more, I’ve spent hours on the phone over the last few weeks and it’s been pointless and a total waste of energy. I’m just going to live in my half packed house and get on with my life until everyone else sorts it out and someone rings me to tell me I can go and collect the keys. Sick of playing Chinese whispers with solicitors and estate agents and everyone else. Just going to enjoy the last of the soggy summer holidays with the children and forget about it all.

3 queries on my property- questions being batted back and forth and DRIVING ME INSANE!!!?

@FourForYouGlenCoco Taking a step back sounds like a good idea - for the sake of your sanity. Hopefully you've done enough pushing and shoving that things will move a bit on their own for a few days!

What's an "engrossment contract".?

Hi all, jumping into this thread as we have just had our offer on a house accepted and accepted one on ours. Luckily the chain is only the two houses so I’m hoping (famous last words!) that it will be fairly straightforward.

We’ve been in this house four years so know what the survey will throw up. When we purchased it, we had to get it added to the land registry so at least we know that’s ok now. We also need to line up school/nursery for our DDs so I’m a bit tense about it all but glad that we’ve found a house we love!

@FourForYouGlenCoco hi

Whenever there's a charge on a property, whether that's a normal mortgage or a private charge, the buyer's solicitor needs the seller's solicitor to give an undertaking (a binding promise - we solicitors can be taken to court and/or struck off for breaching them!) to remove the charge on completion of the sale.

For a private charge rather than a standard mortgage, the Land Registry will require a DS1 (discharge of a legal charge form) signed by the people with the benefit of the charge and an ID1 (verification of the charge holder's identity). For an ID1 the charge holders would have to go and have their ID verified in person by another solicitor. The seller's solicitor won't (or shouldn't!) give the undertaking to remove the charge without holding those two completed forms, and your solicitor won't (again, shouldn't!) exchange or complete without the undertaking to hand them over on completion.

I would hope that the seller's solicitor would've started dealing with it already, as it would be obvious as soon as they downloaded the title documents when they put the contract pack together. But saying that, some firms are not that proactive as I'm sure you've noticed

Good luck with your move

@kerrymucklowe2020 the engrossment is just the final agreed version of the contract, rather than a draft

@FourForYouGlenCoco I’ve been taking the same approach - saving sanity first.

After the agents phone calls this morning pushing things along I had a little realisation moment that we really are about to buy a house. We’re going to own property. Had a kind of “woooah”! Grown up moment. Had to call DP to share.

I think we may have exchanged?

We signed the contract and gave it to the solicitor today?

@Kelsoooo your solicitor will exchange contracts over the phone with the other solicitor, you signing the contract isn't legally binding until then fingers crossed that will come around soon for you!

@FourForYouGlenCoco we are in a similar very slow position. We are moving from rented into an empty property. The seller's solicitors have taken an age to do anything. We are currently in our 9th week heading into the 10th and an exchange date hasn't yet been mentioned.

@Jujuball

Thankyou. I was really quite confused.
Not sure what we're waiting on now. Something higher-up I think.
But, we have progress!

@Kelsoooo they'll need your authority to proceed so you'll know when you're exchanging. We signed our contracts back in June but only exchanged yesterday.