Page 23 | Buyers/Sellers Exchange waiting room new thread

thoughtsofmoog3 · 2023-06-12T14:33:23+00:00

I noticed the last one was full, so here we go! Hello to the newcomers and welcome back to those who are still working their way through the joys of house buying/selling.

ResponsibleWalrus · 16/08/2023 10:20

We were asked for a copy of our insurance after exchange. I'm not sure if it was the solicitor sending it off his own back or the lenders asking for it. Our mortgage is with Coventry.

IsItYoursOrIsItMine · 16/08/2023 10:44

ResponsibleWalrus · 16/08/2023 10:20

We were asked for a copy of our insurance after exchange. I'm not sure if it was the solicitor sending it off his own back or the lenders asking for it. Our mortgage is with Coventry.

We are also with Coventry but as we exchanged and completed on the same day the insurance was definitely for sight of the solicitor not the lender as funds had already been released.

GettingStuffed · 16/08/2023 19:56

Still waiting, not even getting viewings. Not worried too much as probate has got fucked up and we can't get a straight answer from them. To makes things worse there's no MP to get to the chase.

onthefence23 · 17/08/2023 06:59

Knownoone · 15/08/2023 23:29

Hi All,

The mortgage offer which we received asked us to take the building insurance at exchange, will we have to share this insurance with the solicitor/lender once we have taken the same. Please advise.

Very normal, you're legally obliged to buy it from exchange so want it covered if there's a fire etc! I think we had to provide proof last time but can't remember. We defo had to sign to say we understood the importance and would sort it

KeepSellChuck · 17/08/2023 09:19

We had to provide proof (to the solicitor) of buildings insurance being in place before exchange could happen. In the end, we exchanged and completed on the same day so it was academic, but we did send proof to the solicitor prior to the original expected exchange date.

ohsobroody · 17/08/2023 13:23

Ahhhhh!!!!
Very stressed over here. Estate agent rang late last night saying our vendor is fed up and ready to pull out and go with an auction or those online house sale companies (deceased probate house she's just waiting on inheritance).

We are ready but waiting on our buyer who is waiting on the sale of his house but not in a chain with us.

Nothing we can do, we have reassured seller we are going as fast as we can and solicitor is said all paperwork ready on both sides literally just waiting on our buyer to receive his money.

Now estate agent isn't working today and no idea if it's all falling apart 😶😦

We are almost fully packed with 3 kids in tow 😦🙃

geminiflanagan · 17/08/2023 13:50

14 weeks yesterday. On Friday we heard that our buyers had received their mortgage offer, but the current hold up is still the vendor's solicitor and her lack of response to anything.

We also asked our solicitor about a public right of way which appears to cut across a corner of the garden and the drive way - she passed this on to the vendor solicitor to apply to have this removed. The vendor solicitor ignored, then pushed back and said we can do it, but apparently has finally accepted she will need to do it. The main issue is that, looking on the local council website, this can take 3 months to process. Given we raised this about 6 weeks ago and she has only just taken action, we'll be on the cusp of our mortgage offer running out. I am also doubtful the buyers will wait that long. Argh!!!

Polito · 17/08/2023 14:39

New joiner to this thread but I did post on the first one ( which filled to the max with 1000 posts - extraordinary) I am at the can’t sleep / hopefully final stages In the process. All enquiries answered I think and contracts signed and returned to sols. My FT Buyers absolutely desperate to move in next week and sellers desperate to exchange (with no completion date in sight as they are buying new build not yet complete 🙄). Currently unknown mysterious delays with the buyers solicitor. No date for exchange. It’s the constant chasing correspondence. Driving me demented. Never known stress like this. Good luck all. Day’s not over yet etc

ohsobroody · 17/08/2023 14:55

geminiflanagan · 17/08/2023 13:50

14 weeks yesterday. On Friday we heard that our buyers had received their mortgage offer, but the current hold up is still the vendor's solicitor and her lack of response to anything.

We also asked our solicitor about a public right of way which appears to cut across a corner of the garden and the drive way - she passed this on to the vendor solicitor to apply to have this removed. The vendor solicitor ignored, then pushed back and said we can do it, but apparently has finally accepted she will need to do it. The main issue is that, looking on the local council website, this can take 3 months to process. Given we raised this about 6 weeks ago and she has only just taken action, we'll be on the cusp of our mortgage offer running out. I am also doubtful the buyers will wait that long. Argh!!!

Are you sure it's 3 months? I'm sure we had this recently going on with our local grassland and some Rights of way. I'm sure the consultation period was ages for removal of a right of way and it was estimated to take nearly a year!

geminiflanagan · 17/08/2023 15:04

@ohsobroody nooooooo don't tell me that!!

ohsobroody · 17/08/2023 15:06

Ah sorry!! I just Googled and it does seem complicated though maybe I was wrong about a year, I can't find the post on our local fb group now

www.abacus-law.co.uk/blog/can-right-way-removed/

ohsobroody · 17/08/2023 15:07

If it just cuts a corner will people even use it or just use the pavement

geminiflanagan · 17/08/2023 15:09

I mean there is a pavement literally right there. You'd have to step off the pavement and clamber over the fence and through bushes in order to use the path. It's a shorter route to just stay on the pavement!

It's not marked as a right of way either, we just spotted it on the title map and queried it as it we want to make that bit of the garden into a driveway.

AshRJ · 17/08/2023 18:08

geminiflanagan · 17/08/2023 15:04

@ohsobroody nooooooo don't tell me that!!

This really depends on how long it’s been in place, if it’s been in obvious continuous use it may take long, if it’s not can really just depend on the person responding. Do you know anyone to contact in the council to get it resolved? I live in hope that there’s the occasional proactive one..

ToastMarmalade · 17/08/2023 18:50

@ohsobroody that sounds stressful. But the vendor would have to go through another very long process surely if they pulled out, no option is quick and those other options will give them a reduced price.

ohsobroody · 17/08/2023 18:59

@ToastMarmalade I agree, but they are selling a deceased relative property and understandably there's a whole lot of emotion tied up in it. They're suggesting it's worth it to them to take the hit financially with one of those instant completion firms to be able to walk away and move on.

I really sympathise, they've had an awful time of it. Just need them to hang on a few more weeks

geminiflanagan · 17/08/2023 21:35

@AshRJ you wouldn't know it was there. There is no signage and no actual path. It's just the corner of a street on a suburban housing estate, going across the corner of a 2m wide front garden. It's only because it was on a local search report that we know about it, but it legit looks like someone's pen slipped when they were drawing 🤷‍♀️

Gardenhair · 18/08/2023 08:23

We are in the doldrums now, survey done, all enquiries searches finished. Silence from vendor and their end. 14 weeks into cash sale. Ugh. Haha.

Pjmasksonrepeat · 18/08/2023 13:13

Hi please can I join? We're at the beginning of journey -just accepted an offer on our place and are waiting nervously to see the vendor accepts our offer. We put the offer in this morning but I'm so nervous and can't focus on work.

Good luck everyone.

Polito · 18/08/2023 14:48

geminiflanagan · 17/08/2023 13:50

14 weeks yesterday. On Friday we heard that our buyers had received their mortgage offer, but the current hold up is still the vendor's solicitor and her lack of response to anything.

We also asked our solicitor about a public right of way which appears to cut across a corner of the garden and the drive way - she passed this on to the vendor solicitor to apply to have this removed. The vendor solicitor ignored, then pushed back and said we can do it, but apparently has finally accepted she will need to do it. The main issue is that, looking on the local council website, this can take 3 months to process. Given we raised this about 6 weeks ago and she has only just taken action, we'll be on the cusp of our mortgage offer running out. I am also doubtful the buyers will wait that long. Argh!!!

Just wondering if this can be dealt with by way of a reduction to the purchase price? To reflect the loss of value with it having a RoW and /or the hassle or expense of you having to remove it yourself. Obvs this might depend on your lender’s agreement to proceed with the RoW not removed (if you are borrowing) It is not really an indemnity policy situation

Polito · 18/08/2023 14:56

Found out what the sale delay is. Buyers sol asked for further enquiries from my landlord (council) Grr. They are basically seeking to reconfirm information already provided in the management pack two weeks ago. Its like asking the same question twice to see if you get a different response the second time. Vendors could be on the cusp of losing their new build and chain collapse. 😬

whirlyhead · 18/08/2023 15:03

Exchanged 2 months ago and moving end of next month to another country. If you think it's difficult moving, try co-ordinating selling and buying at the same time across 2 countries when it takes days to transfer money (and my jolly solicitor can't transfer money overseas!) I'm having nightmares of ourselves and pets sitting homeless in the car in another country minus visas (visas can't be applied for until we've bought the house - yay Brexit)

If I wasn't already grey I would be by now!

PuddlesPityParty · 18/08/2023 15:11

Just waiting on some finial enquiries for my purchase and for their ongoing purchase too (or so I’m told) hoping the end isn’t too far

Buttons0522 · 18/08/2023 15:21

I’m at my wits end! The chain was due to exchange three weeks ago. The day before exchange an issue was flagged with an overage and boundary issue at the very bottom of the chain. Three weeks on the boundary issue is STILL not sorted. We are in limbo. We will lose our dream house if our vendors run out of patience. Do we just relist? Are we being strung along? We’re getting updates from our agent but I feel there needs to be some major pressure piled on - but I don’t know who I should contact? The agent selling the house at the bottom?! Such a shit, convoluted process which is unnecessarily stressful.

AshRJ · 18/08/2023 16:45

Buttons0522 · 18/08/2023 15:21

I’m at my wits end! The chain was due to exchange three weeks ago. The day before exchange an issue was flagged with an overage and boundary issue at the very bottom of the chain. Three weeks on the boundary issue is STILL not sorted. We are in limbo. We will lose our dream house if our vendors run out of patience. Do we just relist? Are we being strung along? We’re getting updates from our agent but I feel there needs to be some major pressure piled on - but I don’t know who I should contact? The agent selling the house at the bottom?! Such a shit, convoluted process which is unnecessarily stressful.

Unfortunately had this part where we’ve been strung along 5 times.. sometimes I think it’s the initial lack of investigation by EAs as well.

But in your case I’d ask your EA to move his butt and push he should be pushing.. and the other EA to keep reassuring and calling.

Problem is if you pull out next one could be same, could suggest to EA that he hint that you will relist property to keep your options open as there is such a delay from their solicitors and you feel they are lacking commitment to move forward. It’s such a fine line.