Page 2 | Buyers want completion in 4 days!

Sittingonasale · 2023-07-10T16:35:56+00:00

This has to be a mistake right? Solicitor dropped me an email to say they want completion 14/07/23. We haven't even exchanged yet. Offices now closed so can't clarify tonight.

Candleabra · 11/07/2023 07:47

I doubt it’s a typo. I’ve been given less than four days notice - you wait and wait, chase for information, hear nothing, almost resign yourself to it falling through, then bam - it’s all happening!

The 14th will probably just be a starting point, if you can’t do that date go back with a counter offer.

mondaytosunday · 11/07/2023 07:50

As you haven't exchanged yet that isn't going to happen. You decide completion dates before you exchange. Maybe they meant exchange not completion?
Anyway this warrants a phone call, not an email, to get an exchange and completion date sorted

sleepyscientist · 11/07/2023 08:00

mondaytosunday · 11/07/2023 07:50

As you haven't exchanged yet that isn't going to happen. You decide completion dates before you exchange. Maybe they meant exchange not completion?
Anyway this warrants a phone call, not an email, to get an exchange and completion date sorted

You can exchange and complete on the same day. This is the problem with buying in a chain, we had a similar problem (tho 2 weeks notice) our buyers mortgage offer was going to expire, we could break the chain but didn't want to. I ended up having to tell our seller we would pull out if they didn't move.

They were wanting to wait on a mining search that the rest of us had forgone due to it taking ages and you can't buy a house in our town that isn't next to or on top of an old mine. Other renovation projects on the markets, we could have broke the chain for so they moved.

OP could you go in the next three days if the chain needs it? May be something to ask work about if it keeps the chain together. Tho whether your solicitor can get your mortgage funds now might be a limiting factor.

Original poster

Sittingonasale · 11/07/2023 19:41

Well, she didn't make a mistake. I've said I can do it in about 2 weeks but happy to exchange this week. Would that save the mortgage offer if it were about to run out?

OP posts:

Original poster

Sittingonasale · 11/07/2023 19:42

Also it's only 11 weeks in so I doubt their mortgage offer would expire before 3 months?

OP posts:

Cinai · 11/07/2023 19:46

From my experience as a buyer, it’s quite usual to be left hanging…I wanted completion within 3 months, and once this had passed, I gave them several deadlines to no avail. They kept me hanging for a total of 10 months until they finally completed, so you should be fine with dragging it out until the end of July.

KievLoverTwo · 11/07/2023 20:11

Sittingonasale · 11/07/2023 19:42

Also it's only 11 weeks in so I doubt their mortgage offer would expire before 3 months?

The best rate we were offered in May expired after three months. Iirc it was Nationwide. Other rates they offered us did not.

mortgages are the new Wild West.

Original poster

Sittingonasale · 11/07/2023 20:42

Cinai · 11/07/2023 19:46

From my experience as a buyer, it’s quite usual to be left hanging…I wanted completion within 3 months, and once this had passed, I gave them several deadlines to no avail. They kept me hanging for a total of 10 months until they finally completed, so you should be fine with dragging it out until the end of July.

I wouldn't want it dragged out that long. I've told my solicitor all along I wanted the end of July. I'm moving out before my next house is ready anyway as I was late on starting to look for my next house so knew I'd probably have to move into my mums (with my three kids 😩for a few weeks).

If they are desperate ie mortgage issue, there's no way I'm going to let it fall through. I'll have to negotiate possibly a week earlier.

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RidingMyBike · 11/07/2023 20:59

Have the solicitors and EA been passing messages along? We were buying last year and were expecting to be on track to exchange and then complete (separate dates) in April,
then in May. The May dates we were told were fine, then suddenly we were told the seller was going on holiday for three weeks(!) and hadn't got time to pack before that! So I'm not convinced the EA/solicitor was passing messages along and the seller thought he had all the time in the world.

We ended up making him exchange before the holiday so at least a completion date in June was locked in. He still hadn't started packing in June...