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The all new buyers/sellers waiting room (x 7!) thread

1000 replies

JoyfulSpring · 02/02/2025 08:37

Starting a new thread so we can continue the conversation...

OP posts:
Thread gallery
7
Twiglets1 · 25/02/2025 17:52

Congratulations @Gekko21

WittyOchreBird · 25/02/2025 18:06

I think our chain has pretty much collapsed 😔 My solicitor and my buyer's solicitor have been doing the same thing as described upthread: batting enquiries back and forth , never answering all questions at once, letting weeks drag on as they repeat enquiries, or questions, or play dumb, or refuse to do things because "it's not conveyancing protocol" so the other one should do it, so it just doesn't get done.

It's 3 weeks since top of our chain (2 above me) said they were relisting. Yesterday morning the EA managing the top half called to say if we didn't exchange by Friday and complete by 31st March, they'd pull out. I've issued a similar ultimatum to my buyers to try and get their solicitor to speed up and stop bouncing back the same old stuff. Things seemed to be moving at last.

Found out yesterday afternoon, having reassured the EA that we were making progress, that our buyers mortgage was refused on the grounds that a bit of road you cross to access my house is unadopted, and they won't accept stat dec / indemnity. I KNOW this road isn't a problem — multiple houses here have sold without issue, including the downstairs maisonette in October. We've been crossing it unobstructed for 30 years. Everyone is shocked the lender has said no, and no one knows what to do next. EA for bottom half is the only one with any good ideas, and he reckons if you go back to the broker and say 'find me someone who'll accept stat dec and indemnity', it could be sorted within a fortnight. But he also thinks the buyer's solicitor might be saying 'what happens when you try and sell in a few years?'

I have been trying all day to make my solicitor return the call of the buyer's solicitor to find a solution. If they can tell me what they are doing, I can call the top half EA and try to get him to convince top of the chain to give us a couple more weeks, not accept a new offer, and not have the 4 weeks they requested between exchanging and completing. My solicitor has not returned the call, as far as I know — so we have lost ANOTHER day where things are unresolved.

I'm just so angry — if the seller at the top of the chain was posting on here I know you'd all be telling them to pull out and take a new offer. As others have experienced, I'm not sleeping properly and I'm crying in between work calls. None of this needed to happen, it was completely avoidable if the people we paid and trusted to represent our best interests just did their jobs and communicated.

The last-minute miracle saves I've been reading about today are giving me hope that maybe we can still pull this off, but I know how unlikely it is. I wish there weren't so many of us in the same boat.

BarbaricYawp · 25/02/2025 18:17

So sorry, @WittyOchreBird. Wrong as it is, I think you may have to take it upon yourself to make all the phone calls and suggest all the solutions. Tell the buyers - or get the EA to - that they need to find a new lender pdq. Get the EA to call their broker. Call or email everyone up the chain to say that that's what's happening and it's in hand. I think the best way to stop people relisting is to give them confidence that things are in motion and a positive outcome is just around the corner.

And I wouldn't be having any "conveyancing protocol". I would say, "It's really hard to find a good conveyancer when there's so much variation in quality. I'm looking forward to telling everyone I know how proactive you've been in the face of the other solicitor's uselessness."

Gekko21 · 25/02/2025 18:34

Thanks so much for all your comments. We have ordered fish and chips and are having a large gin and tonic.

Abra1t · 25/02/2025 19:54

@WittyOchreBird This all sounds so frustrating and awful to go through.

‘Tell the buyers - or get the EA to - that they need to find a new lender pdq. Get the EA to call their broker.’

Yes. This.

Tupster · 25/02/2025 23:10

Bloody hell - just catching up with everyone's news from today - that was a wild ride! Well done @Gekko21 - did not expect the twist at the end when you actually exchanged! Amazing - hope you really enjoy that gin.

hotandpermi · 26/02/2025 06:36

WittyOchreBird · 25/02/2025 18:06

I think our chain has pretty much collapsed 😔 My solicitor and my buyer's solicitor have been doing the same thing as described upthread: batting enquiries back and forth , never answering all questions at once, letting weeks drag on as they repeat enquiries, or questions, or play dumb, or refuse to do things because "it's not conveyancing protocol" so the other one should do it, so it just doesn't get done.

It's 3 weeks since top of our chain (2 above me) said they were relisting. Yesterday morning the EA managing the top half called to say if we didn't exchange by Friday and complete by 31st March, they'd pull out. I've issued a similar ultimatum to my buyers to try and get their solicitor to speed up and stop bouncing back the same old stuff. Things seemed to be moving at last.

Found out yesterday afternoon, having reassured the EA that we were making progress, that our buyers mortgage was refused on the grounds that a bit of road you cross to access my house is unadopted, and they won't accept stat dec / indemnity. I KNOW this road isn't a problem — multiple houses here have sold without issue, including the downstairs maisonette in October. We've been crossing it unobstructed for 30 years. Everyone is shocked the lender has said no, and no one knows what to do next. EA for bottom half is the only one with any good ideas, and he reckons if you go back to the broker and say 'find me someone who'll accept stat dec and indemnity', it could be sorted within a fortnight. But he also thinks the buyer's solicitor might be saying 'what happens when you try and sell in a few years?'

I have been trying all day to make my solicitor return the call of the buyer's solicitor to find a solution. If they can tell me what they are doing, I can call the top half EA and try to get him to convince top of the chain to give us a couple more weeks, not accept a new offer, and not have the 4 weeks they requested between exchanging and completing. My solicitor has not returned the call, as far as I know — so we have lost ANOTHER day where things are unresolved.

I'm just so angry — if the seller at the top of the chain was posting on here I know you'd all be telling them to pull out and take a new offer. As others have experienced, I'm not sleeping properly and I'm crying in between work calls. None of this needed to happen, it was completely avoidable if the people we paid and trusted to represent our best interests just did their jobs and communicated.

The last-minute miracle saves I've been reading about today are giving me hope that maybe we can still pull this off, but I know how unlikely it is. I wish there weren't so many of us in the same boat.

This is awful - funnily enough we are having issues with a unadopted road on our onward purchase. Can you do a statement of truth for them and say ok you purchase an indemnity policy. The vendor will need to do a the statement of truth so the buyers can take one out (or at least in our case).

In our chain of it helps I'm well aware that my vendor's solicitors are the ones causing absolute mayhem in the chain and I'm making sure that the whole chain knows about it - (our vendor is elderly and super lovely, and I know is responding to her solicitors asap but they just aren't sharing stuff in a timely manner with them).

I don't have any solutions but sympathies. Miracles do occur don't lose hope. All I can say is be that person. Bang down doors. Daily.

JoyfulSpring · 26/02/2025 07:02

Had an email last night from my estate agent saying the top of my chain have suggested 28th March for completion and the rest of my chain have agreed so are we in? It feels so far away but also that we don't really have any choice so I've said yes. Hopefully this means we cab exchange on Friday providing that one last enquiry for my vendor is settled. Once we've exchanged I'll feel better.

OP posts:
Abra1t · 26/02/2025 07:22

@JoyfulSpring crossing fingers for you!

I just want the exchange of contracts complete as we have done everything so quickly on our side for the buyer to beat the stamp duty deadline. I chased him yesterday via the EA with a polite reminder that I have a week away in March.

Offredismysister · 26/02/2025 07:38

We spoke to our developer & he’s understandably frustrated. But said he will wait for us until April. I don’t see we have any other choice. Half the house is packed up so not presentable for remarket. Let’s hope the bottom of the chain is genuine.

WittyOchreBird · 26/02/2025 08:09

hotandpermi · 26/02/2025 06:36

This is awful - funnily enough we are having issues with a unadopted road on our onward purchase. Can you do a statement of truth for them and say ok you purchase an indemnity policy. The vendor will need to do a the statement of truth so the buyers can take one out (or at least in our case).

In our chain of it helps I'm well aware that my vendor's solicitors are the ones causing absolute mayhem in the chain and I'm making sure that the whole chain knows about it - (our vendor is elderly and super lovely, and I know is responding to her solicitors asap but they just aren't sharing stuff in a timely manner with them).

I don't have any solutions but sympathies. Miracles do occur don't lose hope. All I can say is be that person. Bang down doors. Daily.

We’ve already tried this - I said I’ll sign a witnessed statuary declaration saying I have no issues accessing the property, this was approved by solicitor along with an indemnity, but the mortgage lender refused it. I’ve been digging around and I think the real issue is over maintenance of the unadopted road - the titles for the houses there say it’s their responsibility to maintain the road which will surely be enough?! Just not in time to save the chain.

ironically I found out last night my downstairs neighbour who moved in a few months ago has a mortgage with the same lender who refused my buyers - their solicitor (like mine, and everyone else’s) clearly saw no issue.

Gekko21 · 26/02/2025 09:19

Hopefully some shoots of spring in the above posts @JoyfulSpring and @Offredismysister .

I woke up twice last night in a cold sweat. Can't quite believe how yesterday played out. Onwards and upwards now - practical things to be done between exchange and completion next month. This includes saying our goodbyes as we are moving to a different part of the country. We appear to have 5 meals out now in diary between now and when we move 😂.

Skandar · 26/02/2025 12:16

Ugh, we're waiting on the Deed of Variation for our new house to be signed by the developers who built the estate we're moving to. Everything else is done, we're all ready, but this final signature is taking forever! How hard is it to just sign something?!

Bluevelvetsofa · 26/02/2025 13:27

Developers, like solicitors, operate in their own sweet time.

hotandpermi · 26/02/2025 13:29

@WittyOchreBird which bank is it ? Mines with Barclays and don't seem to have any issues with our approach.

I'm gonna hazard as guess and say nationwide ?

WittyOchreBird · 26/02/2025 13:32

hotandpermi · 26/02/2025 13:29

@WittyOchreBird which bank is it ? Mines with Barclays and don't seem to have any issues with our approach.

I'm gonna hazard as guess and say nationwide ?

Got it in one! Have you known people have trouble with them before?

some small hope this morning: we have found reference in the titles of neighbouring houses to a requirement that they maintain the road in front of their house.

Now got to convince the bank to accept this, by Friday, and then trust buyers solicitor is ready to go with contracts and deposit.

hotandpermi · 26/02/2025 13:36

@WittyOchreBird my old broker said they are a flipping nightmare to deal with at all stages of the process.

I really hope they accept it for you to be honest - plenty of new builds have unadopted roads so it seems bonkers that this is the hill they wish you all to die on.

BarbaricYawp · 26/02/2025 14:25

WittyOchreBird · 26/02/2025 13:32

Got it in one! Have you known people have trouble with them before?

some small hope this morning: we have found reference in the titles of neighbouring houses to a requirement that they maintain the road in front of their house.

Now got to convince the bank to accept this, by Friday, and then trust buyers solicitor is ready to go with contracts and deposit.

There's another current thread where a seller has had her patience sorely tested by them: https://www.mumsnet.com/talk/property/5281510-buyer-has-pulled-out-after-being-spooked-by-survey

Twiglets1 · 26/02/2025 14:44

Yes… I agree with the article that the government should extend it by a month say to help those buyers where it has taken longer than expected through no fault of their own.

movingtoreading · 26/02/2025 14:53

@Twiglets1 i highly doubt they will do that !

Gekko21 · 26/02/2025 15:00

movingtoreading · 26/02/2025 14:53

@Twiglets1 i highly doubt they will do that !

Yes, I can't see that happening as they have to draw a line in the sand somewhere and if you move it a month, a new raft of people will complain that they couldn't get their purchase over the line. Not saying I agree with the govt approach to SDLT, but you are always going to have issues with deadlines for stuff like this. I'm always suss about Rightmove articles anyway given their commercial model is based on getting as many listings into their system.

WittyOchreBird · 26/02/2025 15:34

hotandpermi · 26/02/2025 13:36

@WittyOchreBird my old broker said they are a flipping nightmare to deal with at all stages of the process.

I really hope they accept it for you to be honest - plenty of new builds have unadopted roads so it seems bonkers that this is the hill they wish you all to die on.

It's mad isn't it. All this stress and money over something that just isn't a real issue. I would understand if accessing my house meant knocking on my neighbour's door to borrow the gate key or something but it's literally just a road of houses you drive down — the binmen do it every week, the postman does it most days... If you want to get the housing market moving then this nonsense needs to stop.

WittyOchreBird · 26/02/2025 15:36

BarbaricYawp · 26/02/2025 14:25

There's another current thread where a seller has had her patience sorely tested by them: https://www.mumsnet.com/talk/property/5281510-buyer-has-pulled-out-after-being-spooked-by-survey

Wow that's scary reading — if this sale falls through I'll definitely be telling the EA that future buyers must be vetted to ensure they are not using Nationwide

hotandpermi · 26/02/2025 15:36

@BarbaricYawp I have just gone through that thread re nationwide.

That's absolutely fucking crackers

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