Is anyone moving now?
Discussion
Situation with our electrics, house was built approx 1970, I bought it as a first time buyer 10 years ago. In the 10 years I have literally added an outside socket (qualified electrician) and thats it.
I'm going to ask the solicitor to find out exactly what they want if its just a safety test I can get that carried out, but if they are wanting the full works they can pay for it.
I'm going to ask the solicitor to find out exactly what they want if its just a safety test I can get that carried out, but if they are wanting the full works they can pay for it.
AJB88 said:
Quick question for those who have sold recently, our property was built in approx 1970. we still have the old school electric fuse board with the fuses where you have to wire them.
Solicitor has emailed tonight to say buyers solicitors want an electrical test done, spoke to a bloke that lives locally he said straight away it will fail. A mate of mine who is an industrial electrician said they cant test buildings against the brand new regulations (think he mentioned issue 18) as 99% if houses would fail.
Anybody has this situation? only outcome I can see is the buyer asking for money off?
The email suggests they want us to pay for it as well, surely it should be them? are we better off just getting a qualified electrician to come in and say everything is "safe" rather than everything meets current regulations (which it wont)
Other important factors as to how you approach this are, how much do you think they want the house? Are there loads of other queries raised? What's the impact to you if they pull out? Did it take you a long time to find a buyer? Solicitor has emailed tonight to say buyers solicitors want an electrical test done, spoke to a bloke that lives locally he said straight away it will fail. A mate of mine who is an industrial electrician said they cant test buildings against the brand new regulations (think he mentioned issue 18) as 99% if houses would fail.
Anybody has this situation? only outcome I can see is the buyer asking for money off?
The email suggests they want us to pay for it as well, surely it should be them? are we better off just getting a qualified electrician to come in and say everything is "safe" rather than everything meets current regulations (which it wont)
Edited by AJB88 on Wednesday 17th March 18:42
The house we're buying had a heck of a queue and we really want it so there's no way we'd risk it if the vendor came back and said sold as seen but not everyone thinks like that as the property might not mean so much to them.
We sold a house about 10 years ago with the original fuse wire and we had a similar question and simply said that we'd lived there for 10 years and not done any electrical works in that time and that was good enough to get the sale done.
Things might be looking up, bottom of the chain solicitors have requested approval of a completion date of next Friday - I mean we still haven’t exchanged but it’s a start 
That’s going to be just shy of 7 months to completion for the bottom of the chain and our buyer - for a first time buyer purchasing a shared ownership HA, that’s surely not standard?
That’s going to be just shy of 7 months to completion for the bottom of the chain and our buyer - for a first time buyer purchasing a shared ownership HA, that’s surely not standard?
Claude455 said:
The ArtfulBodger said:
It’s a double edged sword...
Lots more useful and interesting content.
Thanks, appreciate the response.Lots more useful and interesting content.
We’re only moving 100m away and will have to drive/walk past our old house on a daily basis so figure we may as well make contact. After we’ve completed the sale our buyer is still going to feature in our lives to some extent so hopefully opening a line of communication and building a relationship will be of benefit - to the transaction and post-completion.
Greendubber said:
Claude455 said:
The ArtfulBodger said:
It’s a double edged sword...
Lots more useful and interesting content.
Thanks, appreciate the response.Lots more useful and interesting content.
We’re only moving 100m away and will have to drive/walk past our old house on a daily basis so figure we may as well make contact. After we’ve completed the sale our buyer is still going to feature in our lives to some extent so hopefully opening a line of communication and building a relationship will be of benefit - to the transaction and post-completion.
I’m moving in a few weeks. I originally wanted a new build but the developer would only reserve it for 5 days. They said if a cash buyer came along during the 5 I could lose it. Doesn’t sound like a reservation to me!!! Quite inflexible as I had a home to sell. Part-exchange offers on new builds were low balls! So I bought an ex-new build. They’re all ex-new builds at one point I guess. Thankfully this one was built when there weren’t any ridiculous policies around social integration so there are no housing associations/council flats nearby. I don’t like that about new builds. Most development seems to have a couple of blocks of flats and shed loads of affordable housing.
I've not had contact with pour vendors, but I have spoken to the chap next door. I wanted to get the access issue resolved, and the vendors solicitors were next to useless, so I popped a letter through the house next door. Chap called me when he got home from work, sorted out more in a 20 minute phone call than either of the solicitors had in 10 days. He's a really nice guy and the issues have been resolved so we're back on 
Evoluzione said:
Anyhow, back to the book i'm writing - How to and how not to try and buy a difficult Smallholding - A cathartic ramble.
The book is split into two halves and we've just concluded the first half which covered who to and who not to employ, when to keep your mouth shut, how not to get excited, dealing with it mentally, how to try and not let it turn you into an alcoholic what not and what to do etc.
We are now on the second half of following our intrepid duo. The first half ended approximately 10 months after finding the place, perhaps 6 - 8 months of dicking around with various 'Professionals' and getting nowhere and several crates of wines and spirits, but gaining a lot of knowledge along the way. This knowledge will of course be applied during the second half of the book.
This second half reveals the vendor has been calmed, persuaded not to throw his toys out of the pram and not put the property back on the market so we get to try again.
A specialised mortgage broker has now been employed and come up with two routes to go down. The defining features are a little complex, but basically are made up of costs, % chance of success, interest rates available, terms, length of term and lenders/banks you have never heard of.
Quickly approaching 1 year on and with spongey livers will they succeed? Will that Champagne get used to celebrate or drown sorrow? Who knows, but onward we stumble following that light at the end of the tunnel and the promise of a better life.
In chapter 2 of the second half of the book things are moving along.The book is split into two halves and we've just concluded the first half which covered who to and who not to employ, when to keep your mouth shut, how not to get excited, dealing with it mentally, how to try and not let it turn you into an alcoholic what not and what to do etc.
We are now on the second half of following our intrepid duo. The first half ended approximately 10 months after finding the place, perhaps 6 - 8 months of dicking around with various 'Professionals' and getting nowhere and several crates of wines and spirits, but gaining a lot of knowledge along the way. This knowledge will of course be applied during the second half of the book.
This second half reveals the vendor has been calmed, persuaded not to throw his toys out of the pram and not put the property back on the market so we get to try again.
A specialised mortgage broker has now been employed and come up with two routes to go down. The defining features are a little complex, but basically are made up of costs, % chance of success, interest rates available, terms, length of term and lenders/banks you have never heard of.
Quickly approaching 1 year on and with spongey livers will they succeed? Will that Champagne get used to celebrate or drown sorrow? Who knows, but onward we stumble following that light at the end of the tunnel and the promise of a better life.
Vernon Building society (whoooo?!) have offered to loan in principle, which is something and nothing as we've been there before twice.
We're now being asked far more searching questions about our jobs and earnings etc. I'm self employed and could be viewed as semi-retired so the paperwork and forms are lengthy.
We're viewing the new lender as a way of securing the property initially. Once we've been there and settled a couple of years we think we'll be able to negotiate with another lender and get slightly better terms perhaps. It's just a matter of getting the foot in the door so to speak.
Our seller has vowed not to try and buy another property himself until we're ready which has its pros and cons.
Pros: It'll take the stress off him and us and shorten the chain to just the two parties.
Cons: This is what we don't know, but if & when we're ready to move is he simply going to take the money and run (which is what any normal person would do) or start dicking around like before saying he has no-where to go?
Time will tell.....
On the web on 25th February and have accepted an asking price offer yesterday. Two couples viewed on Tuesday, one of which was already SSTC has put the offer in. We're going for another look at the property we've put an offer in at, on Friday. Then if that's accepted we can get the ball rolling . . . last time we moved was 22 years ago, so it's a bit of a steep learning curve!
Evoluzione said:
Cons: This is what we don't know, but if & when we're ready to move is he simply going to take the money and run (which is what any normal person would do) or start dicking around like before saying he has no-where to go?
.
Definitely put it on the sale contract as a condition, property should be vacant..
ooid said:
Evoluzione said:
Cons: This is what we don't know, but if & when we're ready to move is he simply going to take the money and run (which is what any normal person would do) or start dicking around like before saying he has no-where to go?
.
Definitely put it on the sale contract as a condition, property should be vacant..
We were aiming for completion by 1st April. Our vendor thought everything was lined up on his purchase, turns out some enquiries were outstanding. Both of our solicitors are great, it’s the one at the end that’s taking a week to turn anything around. So frustrating, but still hopeful as the last house is empty. We are directly in touch with the vendor which is helping, at least with my stress levels.
Evoluzione said:
Evoluzione said:
Anyhow, back to the book i'm writing - How to and how not to try and buy a difficult Smallholding - A cathartic ramble.
The book is split into two halves and we've just concluded the first half which covered who to and who not to employ, when to keep your mouth shut, how not to get excited, dealing with it mentally, how to try and not let it turn you into an alcoholic what not and what to do etc.
We are now on the second half of following our intrepid duo. The first half ended approximately 10 months after finding the place, perhaps 6 - 8 months of dicking around with various 'Professionals' and getting nowhere and several crates of wines and spirits, but gaining a lot of knowledge along the way. This knowledge will of course be applied during the second half of the book.
This second half reveals the vendor has been calmed, persuaded not to throw his toys out of the pram and not put the property back on the market so we get to try again.
A specialised mortgage broker has now been employed and come up with two routes to go down. The defining features are a little complex, but basically are made up of costs, % chance of success, interest rates available, terms, length of term and lenders/banks you have never heard of.
Quickly approaching 1 year on and with spongey livers will they succeed? Will that Champagne get used to celebrate or drown sorrow? Who knows, but onward we stumble following that light at the end of the tunnel and the promise of a better life.
In chapter 2 of the second half of the book things are moving along.The book is split into two halves and we've just concluded the first half which covered who to and who not to employ, when to keep your mouth shut, how not to get excited, dealing with it mentally, how to try and not let it turn you into an alcoholic what not and what to do etc.
We are now on the second half of following our intrepid duo. The first half ended approximately 10 months after finding the place, perhaps 6 - 8 months of dicking around with various 'Professionals' and getting nowhere and several crates of wines and spirits, but gaining a lot of knowledge along the way. This knowledge will of course be applied during the second half of the book.
This second half reveals the vendor has been calmed, persuaded not to throw his toys out of the pram and not put the property back on the market so we get to try again.
A specialised mortgage broker has now been employed and come up with two routes to go down. The defining features are a little complex, but basically are made up of costs, % chance of success, interest rates available, terms, length of term and lenders/banks you have never heard of.
Quickly approaching 1 year on and with spongey livers will they succeed? Will that Champagne get used to celebrate or drown sorrow? Who knows, but onward we stumble following that light at the end of the tunnel and the promise of a better life.
Vernon Building society (whoooo?!) have offered to loan in principle, which is something and nothing as we've been there before twice.
We're now being asked far more searching questions about our jobs and earnings etc. I'm self employed and could be viewed as semi-retired so the paperwork and forms are lengthy.
We're viewing the new lender as a way of securing the property initially. Once we've been there and settled a couple of years we think we'll be able to negotiate with another lender and get slightly better terms perhaps. It's just a matter of getting the foot in the door so to speak.
Our seller has vowed not to try and buy another property himself until we're ready which has its pros and cons.
Pros: It'll take the stress off him and us and shorten the chain to just the two parties.
Cons: This is what we don't know, but if & when we're ready to move is he simply going to take the money and run (which is what any normal person would do) or start dicking around like before saying he has no-where to go?
Time will tell.....
All we can do is carry on and see what happens.
Edited by Evoluzione on Thursday 18th March 17:45
trando said:
About to complete on a new build on a small 12 plot development near me. Currently living with my Mum who is very close and will be a cash purchase. Not envisaging any problems at this stage. Should be in before end of March which was always the intention but with Mr Sunak's extension the pressure is off a little bit so wouldn't matter if we completed 1st week of April.
Completing 29th March. Getting a removal company to move our stuff in from storage is another headache though as they are maxed out, so even though we will complete ok, we may not move in until early April!SunsetZed said:
AJB88 said:
Quick question for those who have sold recently, our property was built in approx 1970. we still have the old school electric fuse board with the fuses where you have to wire them.
Solicitor has emailed tonight to say buyers solicitors want an electrical test done, spoke to a bloke that lives locally he said straight away it will fail. A mate of mine who is an industrial electrician said they cant test buildings against the brand new regulations (think he mentioned issue 18) as 99% if houses would fail.
Anybody has this situation? only outcome I can see is the buyer asking for money off?
The email suggests they want us to pay for it as well, surely it should be them? are we better off just getting a qualified electrician to come in and say everything is "safe" rather than everything meets current regulations (which it wont)
Other important factors as to how you approach this are, how much do you think they want the house? Are there loads of other queries raised? What's the impact to you if they pull out? Did it take you a long time to find a buyer? Solicitor has emailed tonight to say buyers solicitors want an electrical test done, spoke to a bloke that lives locally he said straight away it will fail. A mate of mine who is an industrial electrician said they cant test buildings against the brand new regulations (think he mentioned issue 18) as 99% if houses would fail.
Anybody has this situation? only outcome I can see is the buyer asking for money off?
The email suggests they want us to pay for it as well, surely it should be them? are we better off just getting a qualified electrician to come in and say everything is "safe" rather than everything meets current regulations (which it wont)
The house we're buying had a heck of a queue and we really want it so there's no way we'd risk it if the vendor came back and said sold as seen but not everyone thinks like that as the property might not mean so much to them.
We sold a house about 10 years ago with the original fuse wire and we had a similar question and simply said that we'd lived there for 10 years and not done any electrical works in that time and that was good enough to get the sale done.
I don't know if the process generally is getting very drawn out, but there's now several houses in our village that were put up sale, and "sold" very quickly, last summer, but absolutely nothing has happened and they're still sitting there empty.
One, listed at a lowish price, was briefly (like 2 days) back for sale again on Rightmove, and we wonder whether that was done to put pressure on the buyer. Or perhaps it was just a mistake.
Could be Probate issues, I suppose, but normally it can be done pretty quickly.
One, listed at a lowish price, was briefly (like 2 days) back for sale again on Rightmove, and we wonder whether that was done to put pressure on the buyer. Or perhaps it was just a mistake.
Could be Probate issues, I suppose, but normally it can be done pretty quickly.
We are moving tomorrow. I’ve bought and sold plenty on properties previous but it’s a tough, tough market currently.
Buyers want a deal, but anything decent that’s available has lots of suitors.
Even if you can do a deal, you are then in the hands of your vendor also being able to do one. That cost us two purchases.
Solicitors are also truly overrun.
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