House sale still not completed, going on since October!

MojoBug

jenner wrote: »

i sympathise with you both and worry that im going to be in the same situation.

we are the middle of a short chain, i have a ftb and im buying a house where the vendors are going to rent.

a month ago, i paid 340 quid to my solicitors to get some queries answered by my managing agents for my flat, which were being asked by my buyers solicitor. this week i find that the queries havent been answered, so i ring the managing agents to have a go to find out that my solicitors havent even paid them the money yet. thats a whole month wasted, nothing done at all.

Oh dear sorry to hear this Jenner. Sounds like your solicitors arent really pushing to get things done To be honest I think the only way around that is constantly calling them, and asking for updates and giving them timescales to get things done by. I hate doing it (I'm really not confrontational) but it does seem to work!

Good Luck though, am sure you will be fine!

Mojo

PD1

JayZed wrote: »

Yes, Scotland has a completely different system under which "missives" (i.e. contracts) are exchanged and a "date of entry" (completion date) is agreed at the point that an offer is accepted, so both parties are obliged to go proceed with the sale (or face penalties) from the start.

In England and Wales, the completion date is agreed when contracts are exchanged, and there are provisions in the contracts regarding penalties for failing to meet the completion date (basically interest calculated on a daily basis).

Thanks for the info Jayzed - Sounds like an overhaul of the current system is well overdue - I wonder who controls any changes regarding it.

JayZed

Any news, MojoBug?