Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Why is moving so stressful?! Caught in snakes and ladders situation.

6 replies

mag2305 · 21/06/2021 22:09

Last week, I was posting on a thread that we had a suggested moving date of the 25th June to get in before the stamp duty cut off. This week, looks like it's all going to crumble! It's so stressful and upsetting. We sold in March and got into a chain of 6. First time buyers on ours and our vendor is fairly straight forward, but it's the three at the top.
No. 6 at the top is looking for somewhere to rent and that's what the chain is depending on if there's a chance it can come together. However, this lady's house has been repossessed as she is bankrupt. This means that she's finding it hard to be accepted to rent somewhere. Meanwhile no. 4 have said they have to have it all done by the 9th July as that's when their mortgage runs out and they can't extend as they've just gone self employed. No. 5 decided to put their house back on the market this weekend as there's uncertainty with no. 4. Not sure what's happened with that. So it's all looking very unstable now unless the lady at no. 6 can find somewhere to rent in time for the 9th July.
If it does all fall through, I think we'll all have to start again because since this began in March, house prices have gone up. So we'd all have to go on the market for maybe £20,000 more.

I'm pleased we didn't get carried away with packing after all but I'm really disappointed in this turn of events. Just that horrible feeling that we might have to start all over again, like snakes and ladders. sad

OP posts:
Livingintheclouds · 21/06/2021 22:59

Can you reduce it to chain of three - will your vendors go in to rental?

mag2305 · 21/06/2021 23:05

@Livingintheclouds we tried that a couple of months ago and even offered a financial contribution to rent but our vendor doesn't want to. Although, I might suggest it again. Nothing to lose through doing so.

OP posts:
HyphenCobra · 22/06/2021 11:52

Sorry to hear this 😢

I can understand not renting if house prices have increased.

It's all so frustrating isn't it!!

midgemagneto · 22/06/2021 12:18

Don't ask of others what you won't do yourself

In that case Tell your vendors that you are looking to go into rental to secure you sake and will start looking for other properties in that case, but if they want to go into rental then you can buy their house

mag2305 · 22/06/2021 13:34

@midgemagneto we could have rented ourselves but I'm due with no. 2 in one week exactly and have a 2 year old so not exactly easy for us right now. Our vendor is a single man so originally we thought he might consider renting but I totally respect he doesn't want to.

OP posts:
friendlycat · 22/06/2021 16:54

Yes it is horribly stressful the whole process.

I don't understand why so many people say they "sold" in whichever month because the horrible bottom line is you actually sell the day you move out and the new buyer moves in because the contract completes and the money transfers.

Really people are just "Under Offer" until exchange and completion.

The more people in the chain, the more hassle there seems to be. The whole thing is a ghastly, stressful, anxiety inducing time.
Good luck with it all.

New posts on this thread. Refresh page