How long did it take for you to complete?
Poll: How long did it take for you to complete?
Total Members Polled: 273
Discussion
Looked on a Friday, moved in 8 days later.
Vacant property, cash sale, Solicitor acting is a family friend.
While understanding that chain situations can slow the progress, the entire system is archaic when information and communication are all an e mail/online away. But they wouldn’t be able to justify their fees then ...
Vacant property, cash sale, Solicitor acting is a family friend.
While understanding that chain situations can slow the progress, the entire system is archaic when information and communication are all an e mail/online away. But they wouldn’t be able to justify their fees then ...
Made a cheeky offer early May which was accepted. Moved in on 12th July.
The house was a new build. Still needed to be finished plus had some changes made as well.
This was the mid-00's so the mortgage (£340k) application was a 10 minute phone call with offer confirmed immediately; those were the days!
Turned out the builder was facing financial problems so was keen to get the cash.
Almost got derailed when it transpired there was no NHBC certificate a week before completion. Cert appeared the day before; can't imagine how that happened
The house was a new build. Still needed to be finished plus had some changes made as well.
This was the mid-00's so the mortgage (£340k) application was a 10 minute phone call with offer confirmed immediately; those were the days!
Turned out the builder was facing financial problems so was keen to get the cash.
Almost got derailed when it transpired there was no NHBC certificate a week before completion. Cert appeared the day before; can't imagine how that happened
Bought and sold 7-8 houses in the last 23 years and it's always been about 3 months even when the chain is very short and all seems straight forward.
Just about to put ours on the market in the next few weeks.
Ours will sell quickly but the area we are looking, they don't come up very often. Want to be able to offer with ours under offer so may have to go into rented short term (or the M in L's) :-(
Just about to put ours on the market in the next few weeks.
Ours will sell quickly but the area we are looking, they don't come up very often. Want to be able to offer with ours under offer so may have to go into rented short term (or the M in L's) :-(
Herbs said:
Unfortunately for West Dorset - timescale for searches are laughable. Offer accepted 28th October, requested searches following week due to a 14 week lead time........................ not due back till 6th Feb!
Able to do a private search?Last year we offered at the beginning of March and moved in mid July.
Chain was:
FTB -> Us -> Other people -> Other people -> New build
Builder wanted completion on notice initially although we agreed to 6 weeks between exchange and completion.
Originally we had someone else at the end of the chain, they decided not to sell in the end (f
kers) which cost us a few weeks.The week of exchange was one of the most stressful of my life, our FTB was being made homeless and wanted to move ASAP so we thought he may end up pulling out. It wasn't a fun experience, not helped by Chinese whispers going on between solicitors and estate agents up and down the chain.
hampshire-370z said:
Sold to a first time buyer, took 18 weeks - try to avoid online conveyancers
Why did it take so long?I have found a place I love (Im FTB), but my ISA doesn't unlock for another 4 months...
Is it too risky to put in an offer now, expecting the process to last 16-18 weeks until my ISA unlocks for the deposit on the mortgage?
23 weeks, first time buyer. We had onward property sorted.
Never sell to a member of HM forces (*) who gets deployed to Iraq. At one point our solicitor asked us did we want to ring the MOD to see if he was dead!!!
(*) actually do, and if you have the luxury liek we did of the onward proprty being sorted. That must be such a pain when coming out the army. We actually felt bad for the guy in the end as we moved Nov 2007. By the time we completed property prices were dropping like a stone where we were - our house, adv £140k, offer £135k accepted, by time we completed next door was on the market; five year old other half the semi for £128k, sold 3 years later £110k.
Mind you, the house we bought for £450k is now £375k on Rightmove estimate 11 years later, so there you have it Pistonheaders I am the one person in the UK whom has lost artificial money and will admit it from housing bubblez!
Never sell to a member of HM forces (*) who gets deployed to Iraq. At one point our solicitor asked us did we want to ring the MOD to see if he was dead!!!
(*) actually do, and if you have the luxury liek we did of the onward proprty being sorted. That must be such a pain when coming out the army. We actually felt bad for the guy in the end as we moved Nov 2007. By the time we completed property prices were dropping like a stone where we were - our house, adv £140k, offer £135k accepted, by time we completed next door was on the market; five year old other half the semi for £128k, sold 3 years later £110k.
Mind you, the house we bought for £450k is now £375k on Rightmove estimate 11 years later, so there you have it Pistonheaders I am the one person in the UK whom has lost artificial money and will admit it from housing bubblez!
MKA29 said:
Why did it take so long?
I have found a place I love (Im FTB), but my ISA doesn't unlock for another 4 months...
Is it too risky to put in an offer now, expecting the process to last 16-18 weeks until my ISA unlocks for the deposit on the mortgage?
Personally, yep.I have found a place I love (Im FTB), but my ISA doesn't unlock for another 4 months...
Is it too risky to put in an offer now, expecting the process to last 16-18 weeks until my ISA unlocks for the deposit on the mortgage?
You'll need to have access to your deposit in order to exchange contracts, and normally I'd expect you to have exchanged before 4 months are up.
I had a bit of a chain from hell and we exchanged 3 months after putting the offer in.
12 weeks.
Offer accepted on the 2nd of November, due to exchange and complete next week.
Lots of faffing about as i'm letting my current place out (however that hasn't held me up).
No chain, however the place i'm buying has tenants which are moving out tomorrow. They have used every day of their 2 months notice.
Was hoping to get the keys last month as it needs gutting and starting again.
Offer accepted on the 2nd of November, due to exchange and complete next week.
Lots of faffing about as i'm letting my current place out (however that hasn't held me up).
No chain, however the place i'm buying has tenants which are moving out tomorrow. They have used every day of their 2 months notice.
Was hoping to get the keys last month as it needs gutting and starting again.
StanleyT said:
23 weeks, first time buyer. We had onward property sorted.
Never sell to a member of HM forces (*) who gets deployed to Iraq. At one point our solicitor asked us did we want to ring the MOD to see if he was dead!!!
(*) actually do, and if you have the luxury liek we did of the onward proprty being sorted. That must be such a pain when coming out the army. We actually felt bad for the guy in the end as we moved Nov 2007. By the time we completed property prices were dropping like a stone where we were - our house, adv £140k, offer £135k accepted, by time we completed next door was on the market; five year old other half the semi for £128k, sold 3 years later £110k.
Mind you, the house we bought for £450k is now £375k on Rightmove estimate 11 years later, so there you have it Pistonheaders I am the one person in the UK whom has lost artificial money and will admit it from housing bubblez!
We did it in 12 weeks, offer (sealed bids) to completion. No onward chain, but we were selling ours to a cash buyer. Their solicitor was dreadful, but ours was awesome and the seller was a nice person too.Never sell to a member of HM forces (*) who gets deployed to Iraq. At one point our solicitor asked us did we want to ring the MOD to see if he was dead!!!
(*) actually do, and if you have the luxury liek we did of the onward proprty being sorted. That must be such a pain when coming out the army. We actually felt bad for the guy in the end as we moved Nov 2007. By the time we completed property prices were dropping like a stone where we were - our house, adv £140k, offer £135k accepted, by time we completed next door was on the market; five year old other half the semi for £128k, sold 3 years later £110k.
Mind you, the house we bought for £450k is now £375k on Rightmove estimate 11 years later, so there you have it Pistonheaders I am the one person in the UK whom has lost artificial money and will admit it from housing bubblez!
We were a little nervous as we were up against developers who wanted our house, and the seller had sold to us after I wrote a letter explaining why we wanted it (it was his sister's house, and she had passed away)
As to losing money, I am pretty sure we have, in the short term - bought a big house in Zone 3 London, and big houses are not selling. But we renovated it to our spec, and it's meant to be a forever home, so I'm not too worried as long as we can pay off the mortgage as fast as possible. I fixed the rate for 5 years too.
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