Just sold our property, we broke the chain due to big delays on our vendors solicitors side not getting draft contracts prepared until about 6 weeks into the sale, they then realised the property wasn’t registered, so now it needs registering, but they only copy of the deeds the elderly vendors have are unsigned. They still haven’t put the first application to register the property in. I’m getting more and more frustrated as they have lied to our solicitors saying that it had been done.
Another thing is no guarantee of a title absolute, vendors have signed a declaration of truth and provided some of bits and pieces to go with the application.
Land registry also have delays of their own, and solicitors can’t even apply for it to be expedited before they get the bloody thing posted !!
Anyway, that’s the backstory.
In the meantime we’ve moved into a ground floor flat in a lovely local village by us, our garden backs onto the canal, surrounded by fields and woods and it’s just really lovely here, it has a charm about it. We really like it here. The house was going to be demolished so the owner could build two 4 bed houses on the plot (would’ve been a squeeze) the planning was rejected due to the locals not being happy about it. So for the moment it seems he’s just renting the two flats out until he decides on maybe another planning or whatever.
We’re wondering if we should ask if he wants to sell the house. The estate agents are willing to speak to him, they’ve done a desktop valuation which has come back at 420k-450k. Fully done up refurbished house would be valued at 600k-650k.
The house we’re buying is similar, 1930’s detached but nearer to town, on a main road with a very large back garden.
Wouod we be stupid to risk our current purchase or should we see it as things happening for a reason??