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Not sure if this is "normal" had 2 things happen today.
I had an AIP with my current lender and was all set to go with them, The house we are buying through Purplebricks asked for the AIP so I sent it them, fast forward 2 weeks and I am now going with my bank Barclays rather than my current lender Halifax.
This morning the Purplebricks contact rang me asked me If I can send him the new AIP, so I did. An hour later the guy whose house I am buying messaged me to say the estate agents he is buying through have been on to say his seller is considering pulling out because they have seen no evidence that my finances are in place??? Queue manic phone calls between Mortgage broker, My Estate agents etc. I then called the estate agents in question and emailed her the AIP but in her own words "I cant accept this directly from you, I need to see it come from the mortgage broker", So back on the phone to him and hes contacted them now.
Then an hour later, my solicitors have posted out more forms to sign concerning the house I am buying, on one of the forms it has the house price I am buying but +10k (435 instead of 425) So I called them up and actually managed to catch the solicitor himself "oh sorry i'll change that right now".
Can see this being a lot of fun and games.
I had an AIP with my current lender and was all set to go with them, The house we are buying through Purplebricks asked for the AIP so I sent it them, fast forward 2 weeks and I am now going with my bank Barclays rather than my current lender Halifax.
This morning the Purplebricks contact rang me asked me If I can send him the new AIP, so I did. An hour later the guy whose house I am buying messaged me to say the estate agents he is buying through have been on to say his seller is considering pulling out because they have seen no evidence that my finances are in place??? Queue manic phone calls between Mortgage broker, My Estate agents etc. I then called the estate agents in question and emailed her the AIP but in her own words "I cant accept this directly from you, I need to see it come from the mortgage broker", So back on the phone to him and hes contacted them now.
Then an hour later, my solicitors have posted out more forms to sign concerning the house I am buying, on one of the forms it has the house price I am buying but +10k (435 instead of 425) So I called them up and actually managed to catch the solicitor himself "oh sorry i'll change that right now".
Can see this being a lot of fun and games.
I honestly think most folk in most lines of employment just make s
t up.
Instead of saying “I don’t know, but let me check and I’ll get back to you”, they just say the first thing that’s in their head.
I’m hardly a prolific homeowner or house mover but in my relatively short time on this planet I’ve found it never less than an absolute PITA.
The whole process is just hassle.
t up.Instead of saying “I don’t know, but let me check and I’ll get back to you”, they just say the first thing that’s in their head.
I’m hardly a prolific homeowner or house mover but in my relatively short time on this planet I’ve found it never less than an absolute PITA.
The whole process is just hassle.
AJB88 said:
Not sure if this is "normal" had 2 things happen today.
......
This morning the Purplebricks contact rang me asked me If I can send him the new AIP, so I did. An hour later the guy whose house I am buying messaged me to say the estate agents he is buying through have been on to say his seller is considering pulling out because they have seen no evidence that my finances are in place??? Queue manic phone calls between Mortgage broker, My Estate agents etc. I then called the estate agents in question and emailed her the AIP but in her own words "I cant accept this directly from you, I need to see it come from the mortgage broker", So back on the phone to him and hes contacted them now.
So your mortgage broker has to send your AIP to the EA for the seller of the house your seller is buying? ......
This morning the Purplebricks contact rang me asked me If I can send him the new AIP, so I did. An hour later the guy whose house I am buying messaged me to say the estate agents he is buying through have been on to say his seller is considering pulling out because they have seen no evidence that my finances are in place??? Queue manic phone calls between Mortgage broker, My Estate agents etc. I then called the estate agents in question and emailed her the AIP but in her own words "I cant accept this directly from you, I need to see it come from the mortgage broker", So back on the phone to him and hes contacted them now.
I know EAs do a "chain check" but I didn't realise is was quite so formal.
Fast Bug said:
Our buyer has asked asked us to take out an indemnity policy on the replacement windows we had fitted over 6 years ago. No thanks, happy for them to pay it if they wish!
Mine too, I think it is standard. Windows and Boiler replacements were not notified with building regs (the previous owner not me). Took an indemnity about 100 GBP, that's it. Oh also I exchanged yesterday, so happy days - hopefully!Sheepshanks said:
So your mortgage broker has to send your AIP to the EA for the seller of the house your seller is buying?
I know EAs do a "chain check" but I didn't realise is was quite so formal.
Yep apparently so. Everybody else seems surprised by this as well. Especially because she wouldn't accept it from me. I know EAs do a "chain check" but I didn't realise is was quite so formal.
Gad-Westy said:
surveyor said:
TCruise said:
1. Estate Agents who make stuff up.
2. Slow lawyers.
3. Chinese Whispers between lawyers.
= mess and stress
- Estate Agent saying, everyone is ready to Exchange except us.
- But, we need an indemnity from our Sellers, who are useless.
- So, I put a chaser on our lawyers.
- BUT, then the Agent says, actually our Buyer has a few more queries.
So actually they aren't ready to Exchange. Lies.
It is bloody annoying. I don't know why there cannot be an all parties call.
The only ones with oversight of the whole chain is an Estate Agent. Frankly, I wouldn't trust as far as I could throw him.
I feel bad as I'm feeding my lawyers the lies my Estate Agent is telling me.
But, our lawyers are being slow. They could have made this much faster. Instead every email roughly takes a couple of days for a response.
I don't trust the Sellers at all. The house we are buying is a wreck, so it's to be expected. But, they are making the whole thing more difficult.
The process is just a huge waste of time, full of misinformation.
There is no reason why you cannot have an all parties call, apart from all of the solicitors and agents involved hate them! I wonder why!2. Slow lawyers.
3. Chinese Whispers between lawyers.
= mess and stress
- Estate Agent saying, everyone is ready to Exchange except us.
- But, we need an indemnity from our Sellers, who are useless.
- So, I put a chaser on our lawyers.
- BUT, then the Agent says, actually our Buyer has a few more queries.
So actually they aren't ready to Exchange. Lies.
It is bloody annoying. I don't know why there cannot be an all parties call.
The only ones with oversight of the whole chain is an Estate Agent. Frankly, I wouldn't trust as far as I could throw him.
I feel bad as I'm feeding my lawyers the lies my Estate Agent is telling me.
But, our lawyers are being slow. They could have made this much faster. Instead every email roughly takes a couple of days for a response.
I don't trust the Sellers at all. The house we are buying is a wreck, so it's to be expected. But, they are making the whole thing more difficult.
The process is just a huge waste of time, full of misinformation.
Edited by TCruise on Monday 1st March 22:17
Such a familiar sounding tale. Was the same with our sale/purchase and there have been loads of similar posts from others on here. So much that could be resolved with very simple conference calls. I got so sick of all the bullst. There was so much of it being flung around that I no longer had the faintest idea where anything was at. And yet simple calls with our actual vendor or buyer and everything was 100% clear. So f'ing infuriating that it feels like we're paying solicitors to make the process much worse! And estate agents seem utterly uninterested for the entire period between offer acceptance and hand over of keys. Our Estate Agents are very involved, however, they also tell lies as suits them. They seem to be telling everybody that someone else in the Chain is desperate to Exchange. Despite this not being true.
Hopefully we'll get there in the end. Just annoying at the severe lack of efficiency.
01WE01 said:
Al U said:
To be honest I'd rather just settle on something and make it clear to our buyer that we have not found something when it comes to accepting an offer, we will be increasing our mortgage for our next house so renting for 6 months and paying early repayment charges doesn't really stack up for us. At least I don't think it does at the moment, I think if it came to that I'd rather just stay in ours for another year. We aren't really desperate to up-size, it's more of a want than a need for sure.
Whilst I totally appreciate your position, in the current market I would say this will quickly cast doubt in the minds of potential buyers - espescially if your search criteria is quite specific. To take this position openly, you need to be confident that the house you are selling is worth a buyer sticking around for - because serious buyers expect serious sellers. I would at least show openess to renting.
Just had an hour long chat with the chap who has surveyed our house (proper chap, has a Merc W126 as a daily and a W124). Few bits of damp and some other bits that need some love, but it was built somewhere between 1895 and 1905 so nothing too surprising especially as the house has been empty for the last 6 months or so.
I do need to get a drain survey done though, hopefully that won't throw up any nasty surprises. Inching closer to the finish line
I do need to get a drain survey done though, hopefully that won't throw up any nasty surprises. Inching closer to the finish line
We accepted an offer from purchasers living with their in laws about 6 months ago.
Unfortunately there is hardly anything coming on to the market in areas that we would consider and prices appear to have increased generally since we accepted their offer.
The worry we have is that the longer this goes on the more disadvantaged we are going to be in our property search, assuming of course that prices do not start to go down, We do not want to let our purchasers down but our house is our principle asset and we cannot afford to sell it for anything less than its true value. We doubt that an attempt to renegotiate the selling price at some point in the future would succeed as it appears that our purchasers are on the margins of affordability.
Unfortunately there is hardly anything coming on to the market in areas that we would consider and prices appear to have increased generally since we accepted their offer.
The worry we have is that the longer this goes on the more disadvantaged we are going to be in our property search, assuming of course that prices do not start to go down, We do not want to let our purchasers down but our house is our principle asset and we cannot afford to sell it for anything less than its true value. We doubt that an attempt to renegotiate the selling price at some point in the future would succeed as it appears that our purchasers are on the margins of affordability.
jmn said:
We accepted an offer from purchasers living with their in laws about 6 months ago.
Unfortunately there is hardly anything coming on to the market in areas that we would consider and prices appear to have increased generally since we accepted their offer.
6 months and you still have the same potential buyers? you must be quite lucky to have them, it is quite long imho.Unfortunately there is hardly anything coming on to the market in areas that we would consider and prices appear to have increased generally since we accepted their offer.
ooid said:
jmn said:
We accepted an offer from purchasers living with their in laws about 6 months ago.
Unfortunately there is hardly anything coming on to the market in areas that we would consider and prices appear to have increased generally since we accepted their offer.
6 months and you still have the same potential buyers? you must be quite lucky to have them, it is quite long imho.Unfortunately there is hardly anything coming on to the market in areas that we would consider and prices appear to have increased generally since we accepted their offer.
Since last summer we have sold our house twice, and had offers accepted on two. Went to closed bids on the first house then subsequently lost it when our buyer proved to be a shyster and the vender re-sold to another party.
We then sold ours again quite quickly around October. Last week we agreed a price on another house. Just before the stamp duty holiday was extended again as it happens
2 more viewings booked for tomorrow and the weekend for our house.
It's a bit niche really - It's an 80s single storey house ( not a bungalow according to the other half) the oustide is a bit barn-y but the inside is white handle-less kitchen, wet room shower, plenty of bedrooms, but as with all bungalows, theyre not huge.
It's in a village outside a well regarded town, but it is the wrong side of that town for the (provincial) city commuters.
It is on a decent sized plot for a not-a-bungalow round here ( many of which have just enough room to walk round between the house and the fence)
Private Road, detatched slightly larger than average single garage, but you are near a main road, and a pub.
This will be our 8th and 9th viewings and people have liked it but either are "having a think about it" or it's not suitable for them because of x or y or z. All of which are apparent if you look at the brochure.
I guess it's just a case of waiting for the right buyer to come along.
Meanwhile we have fed back positive thoughts to the property we like and explained we dont want to put forward a meaningless offer until we have some intent to purchase on ours. I can't wait until we get to the point where I'm pulling my remaining hair out about solicitors.
It's a bit niche really - It's an 80s single storey house ( not a bungalow according to the other half) the oustide is a bit barn-y but the inside is white handle-less kitchen, wet room shower, plenty of bedrooms, but as with all bungalows, theyre not huge.
It's in a village outside a well regarded town, but it is the wrong side of that town for the (provincial) city commuters.
It is on a decent sized plot for a not-a-bungalow round here ( many of which have just enough room to walk round between the house and the fence)
Private Road, detatched slightly larger than average single garage, but you are near a main road, and a pub.
This will be our 8th and 9th viewings and people have liked it but either are "having a think about it" or it's not suitable for them because of x or y or z. All of which are apparent if you look at the brochure.
I guess it's just a case of waiting for the right buyer to come along.
Meanwhile we have fed back positive thoughts to the property we like and explained we dont want to put forward a meaningless offer until we have some intent to purchase on ours. I can't wait until we get to the point where I'm pulling my remaining hair out about solicitors.
After months of sod all we finally had some positive news today, the solicitor at the bottom of the chain has had the file taken off them and it’s been given to someone that answers questions, of course the file was in such a state that he’s had to ask all the same questions that have previously been answered but not filed. Still, it’s something I suppose. Onward!
Al U said:
LetsTryAgain said:
Al U said:
Our house is up for sale at the moment, been up for 3 weeks this Wednesday. We have had a lot of viewings but only 1 offer from a person that started low and has gone up a bit for their 2nd offer. They are still a bit low but we think they may come up once more to a level we can accept. People are all giving the same feedback that two of the bedrooms are too small, the dimensions are on the floor plan! I wish people would look at floor plans more seriously before arranging viewings. I do wonder if it is people using it as an excuse to get out of the house sometimes.
None of this actually matters though, because we are just not seeing anything that we want from what is available at the moment. I am getting concerned that we are going to get to a point soon where we get a good offer and will be rushed into choosing a house from what is out there.
It’s a PITA but it could be worth considering renting in the short term depending where you are.None of this actually matters though, because we are just not seeing anything that we want from what is available at the moment. I am getting concerned that we are going to get to a point soon where we get a good offer and will be rushed into choosing a house from what is out there.
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