No chain house sale timescales
Discussion
Hi all,
If you had a letter dated July 7th saying your offer on a house was accepted, would you be a little bit miffed to be still be told you haven't got a completion date?
Its the first time I've purchased a house, the old chap has gone into a home and I'm at my parents waiting to go but the whole thing just seems to have dragged on forever but before I start kicking off I just wanted to check I wasn't being too impatient.
If you had a letter dated July 7th saying your offer on a house was accepted, would you be a little bit miffed to be still be told you haven't got a completion date?
Its the first time I've purchased a house, the old chap has gone into a home and I'm at my parents waiting to go but the whole thing just seems to have dragged on forever but before I start kicking off I just wanted to check I wasn't being too impatient.
I'm going through the same thing at the moment only i'm the seller.
No chain, buyer had agreement in principle from his lender, buyer is ready to move in, house is ready to move into...advised 6-8 weeks.
I have no idea why it takes as long. I could have the title deeds with the lender within an hour and they could send the money faster payment to my account in no more than two hours. But no, 6-8 weeks it is, that's progress for you
No chain, buyer had agreement in principle from his lender, buyer is ready to move in, house is ready to move into...advised 6-8 weeks.
I have no idea why it takes as long. I could have the title deeds with the lender within an hour and they could send the money faster payment to my account in no more than two hours. But no, 6-8 weeks it is, that's progress for you
PorscheGT4 said:
R8Steve said:
, buyer had agreement in principle from his lender, :
that's why a massive % house fall though, the agreement in principle is worthless and a pointless bit of paper.LivewareProblem said:
Hi all,
If you had a letter dated July 7th saying your offer on a house was accepted, would you be a little bit miffed to be still be told you haven't got a completion date?
Its the first time I've purchased a house, the old chap has gone into a home and I'm at my parents waiting to go but the whole thing just seems to have dragged on forever but before I start kicking off I just wanted to check I wasn't being too impatient.
When was your mortgage offer issued?If you had a letter dated July 7th saying your offer on a house was accepted, would you be a little bit miffed to be still be told you haven't got a completion date?
Its the first time I've purchased a house, the old chap has gone into a home and I'm at my parents waiting to go but the whole thing just seems to have dragged on forever but before I start kicking off I just wanted to check I wasn't being too impatient.
What has your Solicitor said they are waiting for?
What has the Estate Agent said?
6 - 8 weeks is perfectly normal.........
We had a mortgage complete this week that was started in January.............
Sarnie said:
LivewareProblem said:
Hi all,
If you had a letter dated July 7th saying your offer on a house was accepted, would you be a little bit miffed to be still be told you haven't got a completion date?
Its the first time I've purchased a house, the old chap has gone into a home and I'm at my parents waiting to go but the whole thing just seems to have dragged on forever but before I start kicking off I just wanted to check I wasn't being too impatient.
When was your mortgage offer issued?If you had a letter dated July 7th saying your offer on a house was accepted, would you be a little bit miffed to be still be told you haven't got a completion date?
Its the first time I've purchased a house, the old chap has gone into a home and I'm at my parents waiting to go but the whole thing just seems to have dragged on forever but before I start kicking off I just wanted to check I wasn't being too impatient.
What has your Solicitor said they are waiting for?
What has the Estate Agent said?
6 - 8 weeks is perfectly normal.........
We had a mortgage complete this week that was started in January.............
7th of August the offer was issued, so should the 6-8 weeks apply from then?
They are awaiting search results and sellers solicitors in response to enquiries (No idea what that involves)
LivewareProblem said:
Come on Sarnie you should remember you arranged it
7th of August the offer was issued, so should the 6-8 weeks apply from then?
They are awaiting search results and sellers solicitors in response to enquiries (No idea what that involves)
Ha!!!7th of August the offer was issued, so should the 6-8 weeks apply from then?
They are awaiting search results and sellers solicitors in response to enquiries (No idea what that involves)
Sorry, I have no way of matching usernames to actual real world names
I would normally say 6-8 from offer being accepted to completion is normal. Half of that timescale would ordinarily be getting your mortgage offer issued (which it seems it was) and then the other half with the Solicitors completing the conveyancing and contracts etc.
Who is awaiting search results? Your solicitor?? I'm assuming so if the seller has gone into care?? If so, what have they been doing for two months??
As above, I bought a no chain repo from an estate agent disposing for Northern Rock.
I rang the estate agent and solicitor every day asking what they needed me to do and then did whatever they asked for. Viewing to offer and exchange took a total of four weeks and a day.
Don't need to make a pain of yourself but if you sit and wait for things to happen it will take longer.
I rang the estate agent and solicitor every day asking what they needed me to do and then did whatever they asked for. Viewing to offer and exchange took a total of four weeks and a day.
Don't need to make a pain of yourself but if you sit and wait for things to happen it will take longer.
We had an offer accepted on a "No Chain" house on 8th April... still haven't exchanged, and we've already moved out of our old place! Turns out the owner passed away, and the daughter put the house on the market, not the executor. They haven't got their probate through yet so we can't exchange or complete.
It took 6 weeks just to get their solicitor to answer our initial queries, and most of the answers came back with "I don't know".
We've having to stay chilled about the whole thing as we still want the house, so currently holed up with the in-laws. We asked them to rent it from them in the meantime, but it's already been 1 week since they agreed, and still no sign of any tenancy contract. Massively annoying as that should only take a day!
It took 6 weeks just to get their solicitor to answer our initial queries, and most of the answers came back with "I don't know".
We've having to stay chilled about the whole thing as we still want the house, so currently holed up with the in-laws. We asked them to rent it from them in the meantime, but it's already been 1 week since they agreed, and still no sign of any tenancy contract. Massively annoying as that should only take a day!
MrChips said:
We had an offer accepted on a "No Chain" house on 8th April... still haven't exchanged, and we've already moved out of our old place! Turns out the owner passed away, and the daughter put the house on the market, not the executor. They haven't got their probate through yet so we can't exchange or complete.
It took 6 weeks just to get their solicitor to answer our initial queries, and most of the answers came back with "I don't know".
We've having to stay chilled about the whole thing as we still want the house, so currently holed up with the in-laws. We asked them to rent it from them in the meantime, but it's already been 1 week since they agreed, and still no sign of any tenancy contract. Massively annoying as that should only take a day!
Nothing is going to happen until Grant of Probate/Letters of Administration are finalised - nobody has any legal power to act on anything until that time.It took 6 weeks just to get their solicitor to answer our initial queries, and most of the answers came back with "I don't know".
We've having to stay chilled about the whole thing as we still want the house, so currently holed up with the in-laws. We asked them to rent it from them in the meantime, but it's already been 1 week since they agreed, and still no sign of any tenancy contract. Massively annoying as that should only take a day!
If everything goes smoothly, I'd say exchange in 6-8 weeks, then complete 2 weeks later. Obviously can go faster if both sides are in a hurry.
But all sorts of hiccups can stop it, and normally there's one specific thing on one side (e.g. no probate) that can hold things up enormously.
But all sorts of hiccups can stop it, and normally there's one specific thing on one side (e.g. no probate) that can hold things up enormously.
Robertj21a said:
Nothing is going to happen until Grant of Probate/Letters of Administration are finalised - nobody has any legal power to act on anything until that time.
Trust me I know, I've been through it twice in 2 yrs 
The vendors told us they had applied for the grant in May.... They actually applied in first week of August.
All parties are now agreed (including the solicitors) that we can rent the house with the executor as landlord as they are acting in the interests of the estate ie not losing a sale, plus generating income.
What is most frustrating is that so many things have been put into motion because of misinformation from the vendors, and the executor and what is now two solicitors (one doing the probate, one doing the house sale) simply taking weeks to answer simple questions which should be able to be turned around within 48hrs at most.
We're staying positive on the basis that the house may be out of our price bracket if it went on the market today, but of course that also leaves us exposed and my nerves are shot to s
t!LivewareProblem said:
I think the issue has been identified, the "memorandum of sale" wasn't sent to my solicitors until the 23rd of August
If they take that long to prepare a "memorandum of sale" (normally get that within a few days of accepting an offer?) it doesn't bode well for queries etc. - do you have a local solicitor or one of the cheaper conveyancing chains? I always use a solicitor than I know well and chases up matters quickly - after some bad experiences.Gassing Station | Finance | Top of Page | What's New | My Stuff