Is anyone moving now?
Discussion
bennno said:
If the 3rd buyer is serious / genuine why would you put yourself at risk of Covid by having a load of bored property tourists poke about your house.
I'm an accountant. I see deals go wrong daily, so I'll see all those booked for a multitude of backup reasons. Covid isn't a risk to me/my family as we've had it twice now, both very mild and the latest a month ago.C Lee Farquar said:
Evoluzione said:
The solicitor should have kept his mouth shut about the ancient access right (The Lord of the Manor (if he exists) has a right to hunt in the house and on the garden) then bank 2 would have lent.
IIRC your solicitor also acts for your lender. They have a duty to report anything untoward.Otherwise all lenders would need to instruct another solicitor to double check everything, and double the legal costs.
It's one of those things that in reality means absolutely nothing and should have been swept under the rug and left there as it has been for donkeys years.
LetsTryAgain said:
HRL said:
We had to provide proof when we made an offer on Monday. Seems to be a thing lately.
As I said, pretty much universal.Just look at Mr Evoluzione above.
Turn7 said:
Feel your pain Evo, I really do...
I said to the MrsT7 yesterday, if it wasnt for c19 we would have just booked a prem and gone down the coast for a week, just for some headspace and a change of scenery,,,,,,
This whole process just consumes you, its unreal its never been modified.
Yes I know chap, i've been reading your posts too.I said to the MrsT7 yesterday, if it wasnt for c19 we would have just booked a prem and gone down the coast for a week, just for some headspace and a change of scenery,,,,,,
This whole process just consumes you, its unreal its never been modified.
Chin up, we'll get there (somewhere!) eventually, but yeah it's tough right now.
C Lee Farquar said:
Evoluzione said:
The solicitor should have kept his mouth shut about the ancient access right (The Lord of the Manor (if he exists) has a right to hunt in the house and on the garden) then bank 2 would have lent.
IIRC your solicitor also acts for your lender. They have a duty to report anything untoward.Otherwise all lenders would need to instruct another solicitor to double check everything, and double the legal costs.
We are a fag paper off exchanging on a fairly simple chain of 4.
Your post is entirely accurate - our solicitor is acting both for myself and our lender, absolutely no way any solicitor or conveyancer worth their salt will keep material facts from either party - more so the lender when you consider the solicitor or conveyancer has to be approved by them to act on their behalf, no approval means move on to the next firm that can act for both parties.
On average I've moved once every 11 years, I'm willing to bet strong money my solicitor has dealt with our lender more than a couple of times in the last 11 years!
Evoluzione said:
A couple of years ago we went to look at one and the owner needed to get out quick so it was a bargain buy. It was all sealed bids and the EA wanted proof of funds before any were accepted.
We were asked for proof of funds when I did a cash purchase aged 26 from an inheritance. You can see why they'd ask. This was 1999 so it's nothing new.
Edited by talksthetorque on Thursday 4th March 20:25
LetsTryAgain said:
S17Thumper said:
One of the bidders on our place who was a cash buyer got weeded out when we asked for some type of proof...
Must have been a different type of ‘cash’
If someone asked me for proof I’d walk as well. Must have been a different type of ‘cash’
Unfortunately, the presumption of guilt is pretty much universal now in this country.
It's not entirely unreasonable for the EA to set out conditions for prospective buyers to adhere to. On our part a lot of effort went into making sure an already immaculate family home was presented to the people viewing as best it could be. All that hard work is absolutely wasted if the people viewing are nothing more than tourists looking at a house they have no intention of buying.
We held off viewing any properties until we had an offer on ours, it made no sense to view until we had an offer from a solid buyer - if nothing else it saved wasting the time of the poor bugger hoping to sell their house!
Edited by The ArtfulBodger on Thursday 4th March 20:22
Evoluzione said:
I know this, but here's the thing - it's been bought and sold a few times over the years and this has never been an issue. I can only assume they employed a crap solicitor and it was just overlooked.
It's one of those things that in reality means absolutely nothing and should have been swept under the rug and left there as it has been for donkeys years.
Conveyancing is certainly more comprehensive than it was.It's one of those things that in reality means absolutely nothing and should have been swept under the rug and left there as it has been for donkeys years.
In addition lending sources don't make lending decisions at local level any more. I presume a local Bank Manager would know that your issues were a nonsense, a WFH 25 year old underwriter living in Catford - not so much.
I bought a small farm in the late 90's with finance from HSBC, possible only through the support of the local Bank Manager. Speaking to my current relationship manager she couldn't lend against it now., unless it was ancillary to an existing business.
We are nearing the end game with our purchase, been relatively plain sailing so far. Just had the searches back, last thing on the to do list, so aiming to have agreed exchange and completion date tomorrow or Monday if the EA / solicitors can get it sorted. Hoping to complete 1st April, we have our rental until the 10th so we can get a few jobs done. The guy we are buying off has everything lined up apparently with an empty house he’s buying so fingers crossed no late hiccups.
C Lee Farquar said:
Evoluzione said:
I know this, but here's the thing - it's been bought and sold a few times over the years and this has never been an issue. I can only assume they employed a crap solicitor and it was just overlooked.
It's one of those things that in reality means absolutely nothing and should have been swept under the rug and left there as it has been for donkeys years.
Conveyancing is certainly more comprehensive than it was.It's one of those things that in reality means absolutely nothing and should have been swept under the rug and left there as it has been for donkeys years.
In addition lending sources don't make lending decisions at local level any more. I presume a local Bank Manager would know that your issues were a nonsense, a WFH 25 year old underwriter living in Catford - not so much.
I bought a small farm in the late 90's with finance from HSBC, possible only through the support of the local Bank Manager. Speaking to my current relationship manager she couldn't lend against it now., unless it was ancillary to an existing business.
We offered an indemnity to the bank, but they wouldn't have it. Then we found out we could have rendered it useless by doing some digging to find out who it is that actually has the hunting rights now, we did that of course to see if they would sign an agreement.
Our solicitor asked the sellers if they would say who it was, the message came back 'Don't be kicking that hornets nest'.
The property has been on the market 4 years last Summer so both the EA and owner will have known it was going to be a difficult buy, yet said nothing. This was a bit stupid as it would have helped us, not put us off and we'd be done by now.
I've not looked in on this thread for a few weeks, glad to see people are still getting somewhere.
We raised a complaint with out conveyancers over a month ago no and they've still not sent us a copy of our client file. Bunch of absolute strokers.....
I'm inclined just to let it go, we're in our house, we'll never have to deal with them ever again etc but my Mrs is like a dog with a bone...
I'm far more interested in working on the house than dealing with those wasters again.
We raised a complaint with out conveyancers over a month ago no and they've still not sent us a copy of our client file. Bunch of absolute strokers.....
I'm inclined just to let it go, we're in our house, we'll never have to deal with them ever again etc but my Mrs is like a dog with a bone...
I'm far more interested in working on the house than dealing with those wasters again.
MaxFromage said:
We've just put our house on the market in South West Birmingham Decent 3 bed semi. It's nothing special but well looked after with nice decor. Rightmove went live on Tuesday evening. 10 viewings booked within 5 working hours on Wednesday we're now up to 18 bookings over today and Saturday. 3rd viewer offered £2.5K over asking 10 minutes after viewing. Cash buyer.
Genuinely shocked at the interest and offers so far.
No more viewings since yesterday out of choice, but two came back with the asking price and the final viewer of the day offered 3% over asking. Ticked all the boxes so we've accepted. Then someone whose viewing was cancelled for tomorrow put a note through the door offering the same as our accepted offer. Crazy times.Genuinely shocked at the interest and offers so far.
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