Is anyone moving now?

[cayman-black]

Sounds like a nightmare Wild, good luck though.

[Wildfire]

cayman-black said:

Sounds like a nightmare Wild, good luck though.

Thanks. We're just sitting now and technically everyone above us should resolve before we are in a position to move, so the timeframes we have should be those for the chain. It's just whether we can complete before our mortgage expires.. with summer etc all going on and rubbish solicitor.. who knows.

I've thrown it all to our agent to push through and give me an update end of this week.

[Chris Type R]

Wildfire said:

We opted to go with the more experienced buyer, who has suggested to use the existing solicitors and take over the purchase. This is great in principal, but they solicitors are beyond st.

I'm in a purchase where I chose to take over a sale using the same solicitor as they'd finished the searches ..... bad mistake. Should have trusted my gut at the time.

It might be possible for another firm to "buy" the completed searches.

[Wildfire]

Thanks Chris, I saw your post... I'm leaving it with the agent and the buyer. The buyer seems very "proactive"(as in he may hassle the solicitors non-stop). We'll see,

[Wildfire]

Ah, the joy continues! Everyday brings a new trial or tribulation. After all the talk of moving fast, our new buyer has come back and said his mortgage broker wants a EWS1 certificate or they will not lend.

Irrespective of the fact that our flat does not meet any of the requirements for the EWS1 at all

We've said it, they disagree, so now another impasse.

I have instructed to go back to the alternative buyer... FFS

[johnnyBv8]

Wildfire said:

Ah, the joy continues! Everyday brings a new trial or tribulation. After all the talk of moving fast, our new buyer has come back and said his mortgage broker wants a EWS1 certificate or they will not lend.

Irrespective of the fact that our flat does not meet any of the requirements for the EWS1 at all

We've said it, they disagree, so now another impasse.

I have instructed to go back to the alternative buyer... FFS

If they can get an EWS1 done quickly and at their cost (irrespective of whether there’s any cladding) it might be worth letting them do it?

[aspender]

Chris Type R said:

I'm in a purchase where I chose to take over a sale using the same solicitor as they'd finished the searches ..... bad mistake. Should have trusted my gut at the time.

It might be possible for another firm to "buy" the completed searches.

We were pushed to buy the previous searches on our purchase where they'd had a buyer pull out at exchange previously. Our solicitor refused essentially. Good job as the searches need to be valid on the day of completion if you are purchasing with a mortgage. They typically only last six months.

Our lesson - don't even bother and don't waste time thinking about it/doing it. Get your solicitor to just request new searches anyway.

[Wildfire]

johnnyBv8 said:

If they can get an EWS1 done quickly and at their cost (irrespective of whether there’s any cladding) it might be worth letting them do it?

As it's their mortgage broker, they won't even enter in to the memorandum of sale with out it, so they are asking us or the management company to get it done.

We've explained that we took a price hit for expediency, so if this is not happening we will need to move on.

FFS it is never ending

[C70R]

Wildfire said:

As it's their mortgage broker, they won't even enter in to the memorandum of sale with out it, so they are asking us or the management company to get it done.

We've explained that we took a price hit for expediency, so if this is not happening we will need to move on.

FFS it is never ending

I'm sorry to hear that it's so stressful. Long chains are a pain, because people are generally weird.

Are you going back to the other buyer?

[princeperch]

Wildfire said:

As it's their mortgage broker, they won't even enter in to the memorandum of sale with out it, so they are asking us or the management company to get it done.

We've explained that we took a price hit for expediency, so if this is not happening we will need to move on.

FFS it is never ending

It's not the broker asking for it, it's the lender the broker placed the mortgage with. Surely the answer is try a different lender ?

[Wildfire]

C70R said:

I'm sorry to hear that it's so stressful. Long chains are a pain, because people are generally weird.

Are you going back to the other buyer?

We're waiting to see what our agent says, as he's putting the non-requirement back to the buyer.

[Wildfire]

princeperch said:

It's not the broker asking for it, it's the lender the broker placed the mortgage with. Surely the answer is try a different lender ?

It's not our lender, it's up to the buyer, so we will see. Speed is our priority.

[Greendubber]

Poking my toe back in into this thread after we moved in Jan 21.

We live on a fairly new development and now our best friends have eyes on a house that's just gone on down the road. It was sold 6 months ago after being advertised at OIRO £350k. Our pals hadn't got their house on the market so missed the boat, it's a fairly nice 3 bed detached and £350k was at the high end for a house of that type in this area.

It's now back on at offers over £390k with another agent and it appears someone who had originally purchased it when it was last for sale was all over our estates Facebook page slagging the vendors off as they pulled the plug due to the house price increasing in the 3 months since they accepted the offer.

My mates want to view it, love the area but I doubt it's risen £40k in 6 months? Also surely the vendors tactic of agreeing an offer and then wanting more money whilst their conveyancing was holding the process up is a proper red flag to me and think the original purchasers ended up in the hole for quite a bit of cash due to having the rug pulled out from under them.

I've said to avoid it but they're sadly keen to get it. They had a viewing this evening but it was cancelled at the last minute as the owners want an open house type affair on Saturday to create a 'bidding frenzy' according to the agents.

Is cancelling a sale to relist for more money a thing these days? Seems like a bit of a stty thing to do IMO...

[caymanbill]

Greendubber said:

Poking my toe back in into this thread after we moved in Jan 21.

We live on a fairly new development and now our best friends have eyes on a house that's just gone on down the road. It was sold 6 months ago after being advertised at OIRO £350k. Our pals hadn't got their house on the market so missed the boat, it's a fairly nice 3 bed detached and £350k was at the high end for a house of that type in this area.

It's now back on at offers over £390k with another agent and it appears someone who had originally purchased it when it was last for sale was all over our estates Facebook page slagging the vendors off as they pulled the plug due to the house price increasing in the 3 months since they accepted the offer.

My mates want to view it, love the area but I doubt it's risen £40k in 6 months? Also surely the vendors tactic of agreeing an offer and then wanting more money whilst their conveyancing was holding the process up is a proper red flag to me and think the original purchasers ended up in the hole for quite a bit of cash due to having the rug pulled out from under them.

I've said to avoid it but they're sadly keen to get it. They had a viewing this evening but it was cancelled at the last minute as the owners want an open house type affair on Saturday to create a 'bidding frenzy' according to the agents.

Is cancelling a sale to relist for more money a thing these days? Seems like a bit of a stty thing to do IMO...

Very stty thing to do, and i would avoid a vender who behaves like that as they can not be trusted. We waited over a year for our place and the vendor didnt even think about increasing the price - although to be fair it was her fault everything took so long!

[talksthetorque]

talksthetorque said:

talksthetorque said:

So last week my sellers have offered on a house and it’s been accepted.
Their sellers are now looking for a house and have made an offer and are waiting to hear if it’s been accepted.

This could go on forever

Yay. Chain complete.
Me>my sellers>their sellers>their sellers in to rented.
Three houses, three sets of people I know nothing about. Mortgage application in.
What could go wrong?
And today my storage place have given notice they’re handing over the land to a developer at the end of June. There’s a deadline for everyone.
Chances?

The ex has completed on her purchase after an absolute nightmare involving attempted gazumping, 24 hrs notice to exchange threats, estate agents lying to buyers to get them to relist as the ex had upset them, solicitors forgetting to tell everyone the completion date, and much more I have heard so much I don't want to repeat it.

The good news is that the house she is buying has a garage so her removal men are moving all the stuff from storage in to there.


My purchase, accepted on 14th March, is still rumbling on slowly. AFAIK i'm good to go and with only two houses above me in the chain, looks dandy.
I booked a second viewing as I saw it for 20 minutes three months ago and needed a refresher.
So when I was there they casually mentioned that they were buying somewhere with one of their children and their family, and their purchase was dependant on that sale.
but it didn't matter as it was way ahead of our chain

I might go and buy a motorhome.

[Dsdans]

I think morally it's a pretty poor thing to do, knowing that somebody else is potentially planning their life around moving into the property as you've accepted the offer and they will likely incur costs due to them pulling out.

On the other hand, in this world where you have to be "proceedable" to even view some properties, let along bid its entirely possible they've put the house up with good intentions of moving quickly, however they've perhaps been outbid on the plot they wanted and are struggling to find alternative accommodation. In this instance you can understand from the sellers point of view if they're 6 months down the line and prices on the houses they're looking at have increased also.

[Greendubber]

caymanbill said:

Greendubber said:

Poking my toe back in into this thread after we moved in Jan 21.

We live on a fairly new development and now our best friends have eyes on a house that's just gone on down the road. It was sold 6 months ago after being advertised at OIRO £350k. Our pals hadn't got their house on the market so missed the boat, it's a fairly nice 3 bed detached and £350k was at the high end for a house of that type in this area.

It's now back on at offers over £390k with another agent and it appears someone who had originally purchased it when it was last for sale was all over our estates Facebook page slagging the vendors off as they pulled the plug due to the house price increasing in the 3 months since they accepted the offer.

My mates want to view it, love the area but I doubt it's risen £40k in 6 months? Also surely the vendors tactic of agreeing an offer and then wanting more money whilst their conveyancing was holding the process up is a proper red flag to me and think the original purchasers ended up in the hole for quite a bit of cash due to having the rug pulled out from under them.

I've said to avoid it but they're sadly keen to get it. They had a viewing this evening but it was cancelled at the last minute as the owners want an open house type affair on Saturday to create a 'bidding frenzy' according to the agents.

Is cancelling a sale to relist for more money a thing these days? Seems like a bit of a stty thing to do IMO...

Very stty thing to do, and i would avoid a vender who behaves like that as they can not be trusted. We waited over a year for our place and the vendor didnt even think about increasing the price - although to be fair it was her fault everything took so long!

By all accounts it was the sellers that were holding things up, the buyers were all set to go but they got a load of radio silence before the bad news landed.

I keep telling my mates to ask the agent why they've relisted it for £40k more when all they've done is paint the living room (badly)

[Flooble]

Greendubber said:

caymanbill said:

Greendubber said:

Poking my toe back in into this thread after we moved in Jan 21.

We live on a fairly new development and now our best friends have eyes on a house that's just gone on down the road. It was sold 6 months ago after being advertised at OIRO £350k. Our pals hadn't got their house on the market so missed the boat, it's a fairly nice 3 bed detached and £350k was at the high end for a house of that type in this area.

It's now back on at offers over £390k with another agent and it appears someone who had originally purchased it when it was last for sale was all over our estates Facebook page slagging the vendors off as they pulled the plug due to the house price increasing in the 3 months since they accepted the offer.

My mates want to view it, love the area but I doubt it's risen £40k in 6 months? Also surely the vendors tactic of agreeing an offer and then wanting more money whilst their conveyancing was holding the process up is a proper red flag to me and think the original purchasers ended up in the hole for quite a bit of cash due to having the rug pulled out from under them.

I've said to avoid it but they're sadly keen to get it. They had a viewing this evening but it was cancelled at the last minute as the owners want an open house type affair on Saturday to create a 'bidding frenzy' according to the agents.

Is cancelling a sale to relist for more money a thing these days? Seems like a bit of a stty thing to do IMO...

Very stty thing to do, and i would avoid a vender who behaves like that as they can not be trusted. We waited over a year for our place and the vendor didnt even think about increasing the price - although to be fair it was her fault everything took so long!

By all accounts it was the sellers that were holding things up, the buyers were all set to go but they got a load of radio silence before the bad news landed.

I keep telling my mates to ask the agent why they've relisted it for £40k more when all they've done is paint the living room (badly)

There are some solicitors who will work on no-sale no-fee, which could be one way to limit the exposure to costs. You say new build so can probably skip surveyor. I think that's the only way you could approach it - minimise any costs incurred. But presumably your friends can't just buy a house without selling their own, so they will likely end up disappointing someone further down the chain if they also get the rug pulled out from under them.

I'd say its quite gutsy to try for a load more cash in the face of rising interest rates and an economy in recession.

[daos]

daos said:

House move in progress, offer accepted on 20th April but the estate agent went on to say the vendors want to try and complete by 10th June and there is chain above us. We aren’t cash buyers and I said it wouldn’t be possible to meet this deadline but would try and do things as quickly as possible.

Full story of the chain which I only found out today is there are 3 above us including the vendor. The top of the chain is a landlord selling a BTL which is empty. Apparently they are now refusing to pay the mortgage on it and the person below has had to pay for the last month but can’t afford any more than that.

The vendors estate agent is putting pressure on us to exchange as quickly as possible but really I don’t think it’s our problem and this should be resolved by those further up the chain.

I would be interested to hear peoples thoughts

Things are moving forward for us. We are living in rented accommodation but still selling our house at the same time as buying as we had been renting it out. Our tenants are moving out next week so we hope we can exchange soon after that.
Our buyers solicitor is really focussing on a small amount of work done on the house about 20 years ago well before our ownership and essentially an internal modification of the kitchen. Hoping it doesn’t slow things down. I’ve asked our agents to speak to the buyer to find out if it’s just the solicitor being difficult.

[Chris Type R]

For people who have moved recently, what has been the experience of signing up for utilities - mainly gas & electric - has this process been difficult / expensive ?

We're acquiring a second property behind our primary residence so, in theory we could run an armoured cable, water hose & data as needed for renovation - but this will probably create further problems down the road...

We're on a fixed rate for electricity and have solar panels, so there are some efficiencies in running a length of armoured cable temporarily - also, we don't want to commit to a billing period as we might either be renting or selling this in the near future.

Edited by Chris Type R on Wednesday 15th June 08:15