What can I do?

80schild

I am sure the answer will be 'not much!' but here goes...

We are in a chain of three: Investor-us-empty property. The empty property we are buying to is 'tennants in common' on the deeds-one is dead the other is in a home. Apparently because the vendors are executors of the will they need to appoint a trustee.

This is all our solicitor is waiting for them to do before we can exchange. We have been waiting since January 25th for this. The estate agents never seem able to get hold of the vendor when I ask them to chase it up. The vendors solicitors (Countrywide) never get back to mine and the whole thing is a huge nightmare!! It was the end of October when our mortgage offer went to the solicitor following the valuation and there is still no end in sight.
I can't pull out as I can't afford these legal fees and then another set for buying another property. Besides that there are no other houses we can afford in that area!
any ideas-my stress levels are sky high!!!

CloudCuckooLand

I stick by my original estimation...

CloudCuckooLand wrote: »

Pretty serious...

If the person who thinks they can sell it, has yet to be granted probate/authority in order to do so, you might want to sit down and take a deep breath...it could be 6 months.

80schild

I don't think it is anything to do with the probate as this was apparently done in 2009. Apparently all they need to do is appoint a third party as a trustee.

G_M

Not sure why you expect different answers to last time you asked.....!

These things take time and as it's a legal issue, keep talking to your solicitor.

80schild

actually G_M that post you link to was asking what the restrictions mean-this post is regarding the whole frustration of the situation and time it is taking. If you find my posts so repetative then why read them?
You seem to relish in taking any opportunity to get at anyone who doesn't have your legal knowledge with smug, arrogant and sarcastic replies.
If you can't say anything constructive then why bother at all???

CloudCuckooLand

80schild wrote: »

Thanks for your reply G_M -I understand this better now!

Mercurial...

SpeedSouth

I've just put an offer in on a house, that already seems it might run into problems of this nature, after the inital conversations we are holding over the offer.. Ummm do I continue then..??

No help for you mind you, but this might save me future stresses..

80schild

CloudCuckooLand wrote: »

Mercurial...

I wish I had enough time on my hands to serach for two other people's communication on an internet forum!

for every helpful reply the individual in question makes, he most likely makes 20 smug and arrogant ones!!!

timmyt

80schild wrote: »

I am sure the answer will be 'not much!' but here goes...

We are in a chain of three: Investor-us-empty property. The empty property we are buying to is 'tennants in common' on the deeds-one is dead the other is in a home. Apparently because the vendors are executors of the will they need to appoint a trustee. That is correct, as the home bound person needs to give you a 'receipt for capital monies'. Technical I know. Anyway, all that happens is that they add an extra person in the Transfer as a 'Trustee appointed by' the home bound person 'as a co-Trustee for [that purpose]' (your lawyer will draft it, takes 2 minutes). Often the home bound person's child is the appointed Trustee, or the lawyer doing the conveyancing. In itself it takes no time, and should have been dealt with at the time the papers came to you by the Selelrs lawyer.


you don't say who the conveyancers are for the seller so I cannot look them up as to how good they may be.....but it sounds as though they may not know what to do...they may not be qualified/expereinced enough to fully understand something out of the ordinary like this. So your lawyer will have to lead them.....buit what has your lawyer been doing for 4 weeks!

This is all our solicitor is waiting for them to do before we can exchange. We have been waiting since January 25th for this. The estate agents never seem able to get hold of the vendor when I ask them to chase it up. The vendors solicitors (Countrywide) never get back to mine and the whole thing is a huge nightmare!! It was the end of October when our mortgage offer went to the solicitor following the valuation and there is still no end in sight.
I can't pull out as I can't afford these legal fees and then another set for buying another property. Besides that there are no other houses we can afford in that area!
any ideas-my stress levels are sky high!!!

I don't tout, so get Richard Webster to take it over for you, as your lawyer should be quized as to what they have done to push it through, and get my above point across.

80schild

Timmyt-The dreaded Countrywide are acting for our seller. Our lawyer is a local firm who seem ok -doing their best but just getting no response from Countrywide!!!

I have searched a few similar threads on here and seen that Richard Webster gives helpful replies-hope he replies to this!

F_T_Buyer

Everyone says Countrywide solicitors are crap, even EAs who work for countrywide!