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Original poster

Buyers Sellers Roll Call - 13

999 replies

lachy · 28/11/2020 13:37

Staring a new thread!

Come and say hi 👋

OP posts:
Oranges555 · 01/12/2020 16:13

Think it was around a week after the valuation survey we got the full offer, they were quite straightforward

Oranges555 · 01/12/2020 16:14

@BrieAndChilli sorry forgot to tag you above Blush

InescapableDeath · 01/12/2020 16:34

Still at very early stages here. Chased EA for memorandum of our purchase today. Turned out they’d forgotten to send it, sigh. Sent that on to our solicitors, who said they will start searches once they’ve had the contracts etc. Haven’t heard anything about our buyer’s Bank valuation that happened last week - hopefully it is fine. Our house went cheap so shouldn’t get undervalued!

I’m very nervous as we’ve been messed about by so many buyers and vendors since we went on the market. Would be nice if this was it!

OUB1974 · 01/12/2020 18:11

Well we still haven't exchanged.

Our buyers solicitors have been waiting for a single email from the buyers, and then they can do it. Nobody has been able to get hold of them all day.

So our completion date will have to move. So I have to sort out storage, movers, schools and ask again to move the date when I start my new job. It is so frustrating.

Original poster
lachy · 01/12/2020 18:35

We've not exchanged either and going off our solicitors most recent email we can't exchange until our buyers solicitor has received a hard copy of a document.

That probably won't be until early next week and because our buyer is using a really crap firm, it could be 11th December before we exchange.

Having said that, our solicitor is going batshit at them, because they have consistently been the ones to hold up progress. Everyone else has agreed to a completion date of 17th December, but I will be incandescent with rage if exchange doesn't happen by 11th.

We have to let our removals firm know tomorrow about our move date....its like playing roulette.

OP posts:
RAINSh0wers · 01/12/2020 19:13

@lachy we’re in a similar position. The bottom of the chain have been sitting on the contracts for ages and only sent them back today. Their solicitor is also terrible so it’s a bad combination. We’ve lost our removals so I don’t really know what’s going to happen next...

graduatedbob · 01/12/2020 19:32

I think we are getting closer to exchanging now. Only 1 outstanding query remaining which can hopefully be resolved asap. So difficult to book a moving company when we don't have a completion date yet. We are moving quite far away, which complicates things. Not quite sure how the whole moving day is going to work with kids and a dog. Ideally, we would leave them with family but they all live in tier 3 areas. I've got insurance quotes ready for exchange though and have found school places for my kids. Fingers crossed it happens before Friday!

Maybenexttime08 · 01/12/2020 19:52

So we are completing on Friday but still haven't received our completion statement.. getting nervous!

organisedmother · 01/12/2020 21:42

Week 18 here, got told our chain collapsed over the weekend was literally heartbroken crying all weekend all solicitors were closed so could not get more information to find out on Monday that the 80year old lady that I’m buying the house from miss read her email from her solicitor and the chain has NOT collapsed, talk about stressful 😅

unicornparty · 01/12/2020 21:44

I'm still waiting for Probate at the top of the chain. Its due back this week. Once that's done we're ready to exchange.

MollyButton · 02/12/2020 06:16

I have a removal company. And biggest success of yesterday is the buyers (or the wife) wants us to leave the cooker, which as it's induction would be a pain to move.

OUB1974 · 02/12/2020 08:23

Day 4 of waiting to exchange. The buyers were completely uncontactable yesterday so I'm slightly worried it's not going to happen.

At what point do you just give in and put it back on the market? I'm going to have to move and stay with family to start my new job while dh stays at our old house to pay the mortgage.

OUB1974 · 02/12/2020 08:24

Yikes @organisedmother... that sounds so stressful! Glad you got a happy ending though.

Fern204 · 02/12/2020 08:30

We are ready to exchange, our buyer had been really pushing but her solicitor hasn’t been in touch to agree exchange. Our vendors solicitor wasn’t answering the phone yesterday, and we need a signed fixtures form back from them, but everything else is ready to go. I have no nails left. Really hope it happens today, it’s too stressful now.

Rubyredroo · 02/12/2020 09:24

We're at the point where we are hoping to complete on 11th so hoping to exchange ASAP. The people we're buying off have signed their contracts however my solicitor has been trying to get our buyers to agree to a date and we're still waiting... another anxious day next to the phone for us. Sounds like lots of us are in similar situations at the moment.

Badgerbadger22 · 02/12/2020 09:31

Can any conveyancers help me? what’s a “personal search appointment”? And what happens afterwards?

Catmummyof2 · 02/12/2020 10:45

This reply has been withdrawn

This has been withdrawn by MNHQ at the poster's request.

Rubyredroo · 02/12/2020 12:11

Thats great @Catmummyof2!

Does anyone know what the run up process of exchanging is? My solicitor is pushing for a completion date and says we then work back for exchange. But having spoken to the agents involved our buyers have signed their contracts, our sellers have too. We haven't recently signed any paperwork which is now worrying me...

InescapableDeath · 02/12/2020 13:14

What would you guys do in this situation:

We have a car on a 3 year deal where you give it back (we need a car) or pay a lump sum (about 7k). We have to refinance this in January. I have that money saved but want to keep it in case we miss the stamp duty deadline, so are thinking of getting new finance for the car money. It would be about £200 a month instead of the £350 we pay now so doesn't affect affordability. However we have our mortgage appt/application on Monday. Am I right in thinking it's super bad to do any kind of credit at that point?

We do have about 11k due to come to us after the house sale. But half of that is for estate agent/legal fees, and half I wanted to save in case the house we are buying is undervalued, or the survey on my own house is poor.

You might ask why are we buying if we only have that much in savings, but it's only for the last 1.5 years that both kids have been at school and I've had a better job that requires no childcare. We can save quite a lot each month now - we can afford the new mortgage. We just don't have lots of cash to pull on...

Gah I wish the car was due in April and not Jan.

My husband is insistent on getting a loan for it, but I think the mortgage lender could withdraw our offer if we do that.

I will ask them about it at the appointment on Monday. Sigh.

Rubyredroo · 02/12/2020 14:22

@InescapableDeath personally I wouldn't get any finance if I was about to do a mortgage application. I had something on finance, only a small amount and it was to be paid off before the mortgage was taken but they reduced the amount they would lend us due to it.

Well... turns out our buyers are stringing us along again. Don't want to exchange or complete until after Christmas because of covid and they can't get to the bank. Have told the solicitor to go back and say thats not acceptable and if we don't exchange then the house is going back on the market.

thewinehasgonetomyhead · 02/12/2020 14:46

[quote Rubyredroo]@InescapableDeath personally I wouldn't get any finance if I was about to do a mortgage application. I had something on finance, only a small amount and it was to be paid off before the mortgage was taken but they reduced the amount they would lend us due to it.

Well... turns out our buyers are stringing us along again. Don't want to exchange or complete until after Christmas because of covid and they can't get to the bank. Have told the solicitor to go back and say thats not acceptable and if we don't exchange then the house is going back on the market.[/quote]
How frustrating for you. I fear we may have our hand forced in the same way. It's been delay after delay, all silly tactics to avoid completing before Christmas. Latest was wanting an electrical report, which isn't our responsibility but we've done it anyway to help move things along. Sent it to our solicitor today and asked the EA to give him a nudge. But I reckon he's going to come back with another BS delay. Do you know where we stand in terms of costs if we do put the house back on the market? I guess we have to pay the solicitor for all their work done up until this point?

Fern204 · 02/12/2020 14:58

Sitting on the edge of my seat now. Our buyer is transferring her deposit today, so counting that as a positive. Our vendor is struggling to find removals that can store until January, but our EA found one for the 11th.
I have managed to find a new removal firm that can do 11th for us, at more than double the other company's quote, but am still waiting for her to confirm she will book them. JUST WANT TO EXCHANGE!!!! sorry, rant over

Maybenexttime08 · 02/12/2020 15:00

I feel for everyone's situation.

I thought after exchange I can relax, but meant to be completing on Friday and our sellers solicitor hasn't sent us the completion statement yet so I can't transfer the funds. Getting very very nervous!

catfeets · 02/12/2020 16:06

Well it looks like the valuation surveyors (per the bank) have lost the keys for the property we're supposed to be buying.
The estate agent posted them to the other end of the country (took over a week) and the surveyors head office was then going to post them back to a LOCAL surveyor. Wtf? Why would that even be considered the best thing to do?
After days of lying, they've finally admitted they have no idea where the keys are or who they are supposed to be sending them to.
Our actual surveyor is waiting on the keys coming back from the mortgage valuation so we're going to lose the appointment we'd spend a lot time trying to get.
Can see things just getting worse and worse from here on.

silkiecat · 02/12/2020 16:17

Buyers surveyor was supposed to have come today. First two times got cancelled so hoping this one went ahead. Trying to find out.

Then have electrical work next week so we can get a pass on that, gas and epc already done. Just hoping surveyor results are ok but its an old house with lots of adaptions (historic 40 odd years ago) so a surveyor warning zone.