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8 weeks in, and things are still not moving

27 replies

SuperlativeOxymoron · 15/08/2022 17:02

So this is more of a rant rather than what do I do situation.

8 weeks ago, DH and I accepted an offer on out house, and had our offer accepted on our next house. Short chain, we're the only link.
Our buyer is struggling to get a mortgage sorted, he's had 4 mortgage valuations now, 2nd and 3rd significantly down valued our house on resell and rental values, 4th done this week, not had an update regarding that.
Our vendor has a land registry application pending regarding the boundary lines and deeds, which they refused to do anything with until a sale had been agreed.

No legal work has started, but I've already paid for searches and for the management pack (I live on an unadopted estate) for my buyers solicitor. When this all started, we were looking at completion being end Aug-mid Sept, now it could be end October.

In this time my fixed term has ended so my mortgage repayments have SHOT up, and are higher than what we are looking at for the new property.

I'm worried my sale is going to fall through and we're going to lose the house we're buying and it's starting to stress me out.

My solicitor and broker are amazing! I couldn't praise them enough, I'm just stressed and want things to start moving.

Urgh!!!!!!

OP posts:
SuperlativeOxymoron · 22/08/2022 22:27

Well, good news today. Buyers got his mortgage sorted.

My solicitor is waiting on his draft contracts to be returned and my sellers draft contracts too.

So things may be starting to move? Land registry is still in the processing stage, so my solicitor can't start searches until the boundaries are drawn up properly.

But this is a positive step forward yeah?

OP posts:
WeAreTheHeroes · 23/08/2022 19:44

Definitely - hopefully things go smoothly from hereon in.

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