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Original poster

Vendor threatening to pull out after 6 weeks

82 replies

AnxietyForever · 30/07/2021 12:04

So we've only just had our mortgage application approved on Tuesday, survey yet to be booked.
Payment for searches on Tuesday to solicitor (waiting for mortgage acceptance)

Vendor apparently really concerned it's taken 6 weeks to get to this point.

Given us 1 week for the survey to be booked via the bank or is pulling out.

We're FTB so this is all new to us, is the estate agent having us on or is this how is goes?

OP posts:
ChicChaos · 30/07/2021 12:12

Six weeks and no survey would make me think as a vendor as well tbh, if it's six weeks since the vendor accepted your offer.

If it was solely down to the mortgage application, have you let the EA know that? Has it been booked now?

Original poster
AnxietyForever · 30/07/2021 12:16

The building society we have go our mortgage with only books once mortgage has been approved. They've had updates every week

OP posts:
SnarkyBag · 30/07/2021 12:23

Yeah that’s a bit slow I’d be twitchy if I was the vendor

NoWordForFluffy · 30/07/2021 12:28

Yeah, me too. I think you should have at least started your searches. You haven't looked very serious.

hyperbole001 · 30/07/2021 12:30

Did you have a mortgage in principle at the time you offered on the property?

WeAreTheHeroes · 30/07/2021 12:31

The seller sounds a bit petulant if you've kept them informed, but usually the survey is the first thing to happen. Who is the mortgage lender? The EA won't want to lose a sale, but it's a seller's market at the moment. Can you get a clear commitment from the mortgage lender as to when the survey can take place?

stealthninjamum · 30/07/2021 12:31

Op I agree, it doesn’t look like you’re really pushing for it to happen. Sorry.

hyperbole001 · 30/07/2021 12:34

That being said, I doubt he'll pull out if you're a FTB. Much better than selling to someone in a chain

MrsOrMiss · 30/07/2021 12:37

If I were the vendor, would call the EA to see what the holdup was before saying I'd be relisting. Some companies are glacial making decisions. When we remortgaged, a promised 4 week turnaround became 10.

lastqueenofscotland · 30/07/2021 12:59

Six weeks to pay for the searches baring in mind the delay on them at the moment? I’d be raging.
I’m with the vendor here it doesn’t look like you’ve been pushing

Isbobmyuncle · 30/07/2021 13:03

I agree with the PPs / no survey booked and only just requesting searches doesn’t sound like you’re very serious.

Never heard of waiting for the mortgage offer before having a survey - our mortgage company wasn’t involved in organising the survey and they definitely wanted to know the outcome before they’d give us our mortgage offer anyway.

Salome61 · 30/07/2021 13:05

If the vendor has found somewhere and you have a complete chain, I can't understand why you haven't had your survey yet? It is usual to wait for the chain to complete before surveying.

TakeYourFinalPosition · 30/07/2021 13:08

Yeah, that’s really slow and I’d be worried if I was your seller…

We’re buying and selling. We accepted an offer on the 14th, made one that was accepted on the 15th. Mortgage appointment was the 20th; offer was received last Friday. Searches were applied for last week, survey is Monday as there’s a bit of a wait.

Six weeks feels like a really long time to be waiting on an offer; and I’d be nervous that you’re not sure you’ll get a mortgage offer if you want to wait for that before you go ahead with surveys/searches… your mortgage provider won’t usually have anything to do with the survey, at all (if they want to do a valuation; they’ll do that separately to your survey)

All of the estate agents in my chain have talked every two days or so, to update. Is that happening for you? Have they not pushed you for more of an update?

elfofftheshelf · 30/07/2021 13:08

At week 3 I was chasing our EA to ensure buyers had a valuation and survey booked! In the current market I'd definitely be looking to re-list if progress was this slow at week 6. I'd suggest you do all you can to ensure your solicitor is on top of things and that your bank can get a valuation done asap as August is a nightmare with people on holiday etc.

NotYourHolidayDick · 30/07/2021 13:09

Holy shit, I got to exchange in 22 days last time I bought a house.

Searches get paid for instantly! Mortgage in principle should have beeb done upon offer, and then full application goes in alongside searches.

6 weeks later I'd be pulling out too!

Flowers500 · 30/07/2021 13:12

That’s really slow!! I know different mortgage providers work on different speeds, when I bought a few months back I had my mortgage finalised within a week of offer, with survey booked for the week after and searches paid the day after offering.

With the length of time searches are taking I would have made immediately paying for them a condition of accepting the offer. They dropped the ball not doing this.

ISaidDontLickTheBin · 30/07/2021 13:12

@lastqueenofscotland

Six weeks to pay for the searches baring in mind the delay on them at the moment? I’d be raging. I’m with the vendor here it doesn’t look like you’ve been pushing
Agree with this. Searches should go in asap as they are the slowest bit in many areas. No excuses.
LIZS · 30/07/2021 13:14

Have they got a purchase depending on it? Could that be moving quicker than you and their vendor setting timescales. Six weeks to survey does seem long. Is your solicitor progressing enquiries and searches in the meantime?

Wombat64 · 30/07/2021 13:21

I'm selling & I left the buyer drift for a month faffing about, then it took ages to book the survey in. It was eventually surveyed & was down-valued, so the buyer withdrew after 10 weeks.

I've got new buyers now & not repeating my mistake. I'd have wanted you to pay for searches by now too. They can take ages.

mamaoffourdc · 30/07/2021 13:24

Too slow!

mayblossominapril · 30/07/2021 13:28

I'm not surprised the vendor is getting worried, chase up the survey and get the searches sorted.

unfortunateevents · 30/07/2021 13:29

What does the mortgage company have to do with the survey, their survey is to ensure that the property is worth the amount they are lending on it? I presume you are talking here about your OWN survey, which yes you should have booked in pretty much immediately. Surveyors generally will take a couple of weeks to have availability and if your date came up before the mortgage was approved you could always have moved it on. After 6 weeks of no action I would be thinking you weren't serious as well.

ISaidDontLickTheBin · 30/07/2021 13:34

Trouble is OP you didn't have to book your survey through your mortgage lender. You could have booked an independent surveyor who could do it sooner.

NelleBee · 30/07/2021 13:35

There’s conflicting advice regarding searches though. We were advised by our mortgage broker (and there’s another thread where people have said the same) not to do searches until you have your mortgage offer as if there is a problem you’ve wasted your money. We wanted things to go as quickly as possible so we actually did instruct searches right away, but our broker was not happy.

clickychicky · 30/07/2021 13:36

You should have started the survey sooner.

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