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

[JoyfulSpring]

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

@Gekko21 @Twiglets1 thank you! I honestly had no idea as I bought my house years ago and have never bothered to move until now.

So sorry JoyfulSpring 👎🏻 I don't think part of the chain can exchange, I think it has to be everyone in the chain.

Think it must have been a busy one today as hardly heard from our solicitor. Normally she is pretty on it.

Yep, it’s all or nothing with exchange. It’ll start from the bottom again on Monday.

They can if somebody is breaking the chain, but it'd be pretty daft of a conveyancer to exchange on their client's sale but not their purchase, as that could leave them homeless if it goes wrong.

Hopefully 'went home during the process' means during the calls to make sure everyone was ready to go, not the actual exchange process itself.

@JoyfulSpring sorry, it's all just so rubbish. Hopefully Monday

Yes I think that's what she meant. Roll on Monday. Will have to keep myself busy this weekend! Can't even start packing because it's mostly done having initially thought we'd be moving this week! Now we're not going until 28th March (all being well Monday!!).

Thankyou!
I'm packing myself and having a couple of men with a van to do the removals for me.. so need to get packing this week. Because I'm a ftb I'm not attempting to move on completion day which definitely feels easier.

Hope your exchange happens on Monday. It's such a shit process

@JoyfulSpring i am so sorry it didn't go through ! What an absolute mad thing to do just leave while you know the exchange is happening they really do not give a fuck ! Keep yourself busy this weekend and hopefully things happen on Monday !!
We have so much packing to do but i just cant get started without exchange it just feels premature i need assurance !

Fingers crossed that Monday will bring all of us who are desperately waiting some positive news!

I also gave the EA a boot today on these long awaited enquiries. No news by the end of the day but I suppose that’s better than bad news.

Doing this all on my own is HARD. Work has been manic so that has kept my mind off it during the day at least.

DS keen to go out at the weekend and look at bits for his new room ..

Have a restful weekend all x

My DSs searches have come back and they are at the ping pong part that is enquiries.

Fixtures fittings list is fine. Insurance quotes are fine. Mortgage agreed. A few extra warranties requested. Searches back. A query about drains. Outstanding evidence for two survey issues awaited (rather than mess with price reductions a repair by the vendor for one of them was agreed).

Turns out my DS mortgage agreement ends in June so he has no urgency beyond wanting to be in. The vendors have the stamp duty deadline which will save them a bit so they are pushing for March. DS is happy with that if the professionals can all pull together and complete the work in time.

I can't see anything major at the moment holding things up so long as the vendors have done what they said they would following the survey! If they haven't well, they need to pull their finger out! It would be annoying for everyone to have to negotiate a price change at this point for probably 3k max.

So sorry @JoyfulSpring ! Fingers crossed for Monday.

Apparently, today was a bit mad all around, as I've also received an automated reply from our solicitors on my second chaser of the day, saying that they were dealing with a lot of completions.

So, another week has passed for us, and the general conviction remains that the chain will complete before the Stamp Duty increase. It will be quite funny if, once we receive the last documents, we generate a new back and forth of queries & replies. At this pace, it might take another few months or so!

@JoyfulSpring ahh I'm sorry that is indeed rubbish.

For all that care we didn't complete Friday either and hope to exchange Monday.

Our statement of truth we were waiting on from the vendors solicitor wasn't in the correct format or drafted correctly so that we can pay to have indemnity policy. My solicitor was angry because she said it's fairly easy stuff and all they needed to do was draft it correctly and pass to vendor for signing so she's completely re written it for them, in hopes that our vendor will agree to sign in as a condition of completion.

It's just laziness on the vendor's solicitors part and I'm angry because the vendor is elderly and they have made this 100% more stressful for no apparent reason.

Is this whole exchange process like labour.. you have a few false starts and then it suddenly happens ? And if so how many ?

Obviously some people this whole process is smooth and for that I am jealous because it hasn't been for us 😭

Aaargh! The house clearance guys are now getting really booked up in the latter part of March (which is now, gulp, THIS month). It's a probate house, but we don't want it emptied before exchange as the EA says it is better to stage it with a few bits of carefully chosen furniture to show it works.

I could cross my fingers, go ahead and book clearance for, say, a fortnight's time but suppose the buyer pulls out before then? I'd then be left with a gutted house to put back on the market.

@Abra1t I know what you mean! I've booked our removals this morning even though we haven't exchanged as I know they'll be busy this month. I've paid the deposit and I can amend the date with 3 days notice. Hope you work something out.

I'm another one who didn't exchange on Friday. Everything was lined up - the final major hurdle that we'd had to wait for this day was confirmed sorted. Done... Then suddenly my buyers raised a new query, then my sellers had a change in information providing to me... Chaos.
Many phone calls back and forth and by the end of the day it was down to one outstanding matter for my buyers and them vehemently confirming they are still totally committed, want to exchange on Tuesday and complete on the original agreed completion date next week.
Going to just confirm removals on Monday anyway because things are so tight and just cross everything we finally get there.
More positives than negatives to the day, but not the ending we wanted! On we go into another week...

@NormallyAwkward , I may have to do something similar, though with the complete silence from our buyer over the last nine days in response to questions about his proposed exchange and completion dates and progress of his own house transfer, I am considering pulling out myself. It doesn’t seem as if he is proceedable. If he kept us up to speed, I would be willing to wait for him.

@Tupster oh no! This is maddening.

We also had the whole worry about getting removals, especially as we need a 3-day booking as we are relocating 250 miles away and having packing included on day 1. We had 3 false starts to exchange so probably pissed off the removals, but we did manage to secure the booking in the end.

We were up early today bagging up garden rubbish. Dismantled a coval mirror and had a trip to the tip. Annoyingly, the tip is having a revamp so we were meant to book but forgot. They were very kind and let us in anyway. Hoping that's our last trip to the tip now.

We have a spreadsheet going of all the jobs we have left - room by room. More plastic tubs ordered for stuff that is coming in the car rather than in the van. Instant coffee and biscuits added to the next Ocado shop - we aren't even moving until 27th March 😂.

Need to order a fridge-freezer and some curtains for the bedrooms next.

I'm in my element again now as after months of not being in control, I finally have stuff to do. I love a bit of project management and a spreadsheet 😍.

Anyone else experienced the scam of unnecessary indemnity policies? I get sometimes they are useful but I’ve been asked to pay £700 for policies for things that would literally never happen (I’m the seller) I’ve refused!

Yes @avidteadrinker. It's fairly common, but I'd be careful about refusing especially where related to covenants. I'd be put off if my vendor refused them all. I understand they can seem silly, but I'd take advice from your solicitor.

We sold in September and our buyers have asked a total of 50 questions so far, and are still asking, its really odd. But we have lost our onward purchase property because the seller pulled out, we have just had an offer accepted on another property, but its a probate empty house, but the seller doesn't know anything about it, like nothing, they have never even been to the house

We are screwed.

On our purchase everything is done. They agreed to knock 10k off. New mortgage sorted next day. Great. They are keen to sell as two kids desperately need the inheritance, one for medical treatment (probate sale)

On our sale, everything done. EVERYTHING. Apart from one tiny thing which has dragged on weeks and is now a dead end. Our buyer has money from multiple sources. All ID'ed and AML done. Apart from one uncle who refuses to do the analytic ID check.

For weeks it was hes too tired, hes too old etc. Now its become a blank no. He is happy to provide things the old school way. Solicitors have explained that it isnt open banking, just ID checks but he wants to send copies or even originals in. Solictors wont accept this and say since using analytics they are not insured through this manner anymore.

In the mean time we need to move in 2 weeks, the flat im selling I dont live in and is untenated and costing a fortune, SLDT is going up. All becuase of this one thing

Buyer has offered 2k to cover costs and wants us to wait for him to approach new firm but thatll take forever and even 1 months delay means the 2k will not cover the cost of SLDT rise and the mortgage/council tax on the flat.

I have written asking what their firm does shoud someone be disfiguired? Transgender? Massive surgery for cosmetic reasons?

Why can't the buyer go round and help his uncle do the checks? My sister had to do this with our parents, as they'd never have done it electronically themselves.

The biggest issue is why he won't. Sounds very suss if he's genuinely happy to be helping a relative out. If he's so uncooperative this could happen with another professional firm, surely.

This really should have been covered at the start and the buyers should be kicking his arse! If it truly is innocent and he's just unable, as a lot of older people will be, and hecneeds help then should be helping him!