Property purchase - CHAIN GOING TO BREAK - HELP
Discussion
Hi All,
We were due to exchange last week but the buyer of my house was awaiting a search. So exchange was set again for today and guess what.....The Local search has not come in on my house (selling).
To make matters worse the house I am purchasing, the owner is now threatening to pull out of the sale altogether!
How long does it take for the local search to come in and will we be able to exchange immediately once this is in?
Everything else is ready.
HELP, I'm pulling my hair out that I may lose the house of my dreams!?!
We were due to exchange last week but the buyer of my house was awaiting a search. So exchange was set again for today and guess what.....The Local search has not come in on my house (selling).
To make matters worse the house I am purchasing, the owner is now threatening to pull out of the sale altogether!
How long does it take for the local search to come in and will we be able to exchange immediately once this is in?
Everything else is ready.
HELP, I'm pulling my hair out that I may lose the house of my dreams!?!
IceBoy said:
Hi All,
We were due to exchange last week but the buyer of my house was awaiting a search. So exchange was set again for today and guess what.....The Local search has not come in on my house (selling).
To make matters worse the house I am purchasing, the owner is now threatening to pull out of the sale altogether!
How long does it take for the local search to come in and will we be able to exchange immediately once this is in?
Everything else is ready.
HELP, I'm pulling my hair out that I may lose the house of my dreams!?!
can you not ask your solicitor/conveyancer?We were due to exchange last week but the buyer of my house was awaiting a search. So exchange was set again for today and guess what.....The Local search has not come in on my house (selling).
To make matters worse the house I am purchasing, the owner is now threatening to pull out of the sale altogether!
How long does it take for the local search to come in and will we be able to exchange immediately once this is in?
Everything else is ready.
HELP, I'm pulling my hair out that I may lose the house of my dreams!?!
Searches are all dependent on the workload of the councils. Solicitors can get expedited searches done - not sure all councils provide this though or the exact mechanism (normally going to the council offices rings a bell).
Best of luck and try to stay calm - it's all part of the house selling/buying merry-go-round.
Best of luck and try to stay calm - it's all part of the house selling/buying merry-go-round.
Search takes 5 mins online.
Kick your solicitor up the harris.
Tell the rest of the chain to chill.
Sorted.
I actually got my conveyancing solicitor to arrange the searches on the property that I was selling for my buyer, because their solicitor was a 'tard and it was delaying our purchase.
Kick your solicitor up the harris.
Tell the rest of the chain to chill.
Sorted.
I actually got my conveyancing solicitor to arrange the searches on the property that I was selling for my buyer, because their solicitor was a 'tard and it was delaying our purchase.
The guys buying my house is basically, re-mortgaging his house to buy mine.
It is the search on his house! The solicitor he is using is 150 miles away!
I feel so stressed and we wanted to be in before the summer holidays end....could I phone the local council and ask questions?
IceBoy
OP
It is the search on his house! The solicitor he is using is 150 miles away!
I feel so stressed and we wanted to be in before the summer holidays end....could I phone the local council and ask questions?
IceBoy
OP
IceBoy said:
The guys buying my house is basically, re-mortgaging his house to buy mine.
It is the search on his house! The solicitor he is using is 150 miles away!
I feel so stressed and we wanted to be in before the summer holidays end....could I phone the local council and ask questions?
IceBoy
OP
Cheap solicitor by any chance? It is the search on his house! The solicitor he is using is 150 miles away!
I feel so stressed and we wanted to be in before the summer holidays end....could I phone the local council and ask questions?
IceBoy
OP
The system of buying houses in England is archaic, it's a wonder we've not gone mad, I'll never get involved in buying/selling in a chain, I' rather spunk 6/12 months on rent and storage than go through that nightmare again.
Op - there is nothing you can do save nagging your solicitor and hoping the estate agent can keep everyone sweet and hold it together, given the money they'll earn on the deal you'd have thought they'd be busting their balls to do this, but this is England.
Op - there is nothing you can do save nagging your solicitor and hoping the estate agent can keep everyone sweet and hold it together, given the money they'll earn on the deal you'd have thought they'd be busting their balls to do this, but this is England.
Yonks ago, I had a similar problem and my solicitor did a "hand search". Maybe if you mention that phrase, there could be a more up to date approach to expediting the search.
If you can get a timeframe for the search, then perhaps the guy that is talking about pulling out will see sense and understand that he is not going to sell his property any faster anywhere else. Sounds like he is being an arse to me.
Good luck, I hope it all falls into place.
If you can get a timeframe for the search, then perhaps the guy that is talking about pulling out will see sense and understand that he is not going to sell his property any faster anywhere else. Sounds like he is being an arse to me.
Good luck, I hope it all falls into place.
Ring up whoever the search is with, and plead with them! Council, highways etc etc - they are human & will respond if you explain the reasons!
I did when we moved, due to nothing but impatience & finding the perfect perfect house for us. I stood on necks until they nearly broke and we went from first viewing to owning with keys in 4 weeks to the day - admittedly total cash buyers & sellers wanted a quick sale as well! This was with bargain basement 'factory' conveyancing (ya know the ones that went bankrupt due to dodgy stamp duty dealings - with them!).
Be polite, honest & grateful and the world DOES move quicker for you!
I did when we moved, due to nothing but impatience & finding the perfect perfect house for us. I stood on necks until they nearly broke and we went from first viewing to owning with keys in 4 weeks to the day - admittedly total cash buyers & sellers wanted a quick sale as well! This was with bargain basement 'factory' conveyancing (ya know the ones that went bankrupt due to dodgy stamp duty dealings - with them!).
Be polite, honest & grateful and the world DOES move quicker for you!
garyhun said:
IceBoy said:
I think so.
Damn it! I told him to instruct a local firm!
Iceboy
Largest purchase most people will ever make and yet they choose to skimp on the most important aspect of the transaction. Stupid!!!!Damn it! I told him to instruct a local firm!
Iceboy
tI am currently waiting to exchange too, our intended move date is next Friday the 28th, the stress these last few days has been unbelievable!
Buidling Regs certificates that were provided months ago have now apparently gone missing, meaning last minute dashes to the estate agent to get them scanned in and sent on, requests for imdemnity policies due to the missing certs even though they are in place etc.
It's like the solicitors won't actually talk to each other or us, as said we are fast approaching moving day (hoopefully) yet we are getting letters in the post relating to quite urgnet matters, pick up the phone and tell me what you want, I can most probably sort it out instantly rather than waiting on a letter to arrive.
The trouble with the chain is that, once you're in it you may aswel stay in it until completion, threatening to pull out is not going to get you anywhere as by the time you re-market, agree a sale and start the process again you are no further ahead than you were waiting for the chain. Unless you get very lucky and find a cash buyer who can move in a matter of weeks it's pointless even threatening it.
Buidling Regs certificates that were provided months ago have now apparently gone missing, meaning last minute dashes to the estate agent to get them scanned in and sent on, requests for imdemnity policies due to the missing certs even though they are in place etc.
It's like the solicitors won't actually talk to each other or us, as said we are fast approaching moving day (hoopefully) yet we are getting letters in the post relating to quite urgnet matters, pick up the phone and tell me what you want, I can most probably sort it out instantly rather than waiting on a letter to arrive.
The trouble with the chain is that, once you're in it you may aswel stay in it until completion, threatening to pull out is not going to get you anywhere as by the time you re-market, agree a sale and start the process again you are no further ahead than you were waiting for the chain. Unless you get very lucky and find a cash buyer who can move in a matter of weeks it's pointless even threatening it.
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