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Is it possible to rent the house your buying during the conveyancing process ?
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There is no point in doing this before exchange of contracts - you might want to pull out. After exchange of contracts, read this thread https://forums.moneysavingexpert.com/discussion/4096393 to see why from the vendor's perspective this can be a bad idea.
If you are a cash buyer, why do you need to take your time to move your stuff in before completion rather than taking your time after completion.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
When we were buying a house (cash, previous house sold, money in the bank, staying with parents) a few years back the vendor of the property asked us if we'd like to move in before exchange. The house was divided into 4 flats with tenants who were expected to be gone by exchange, but at that point only two had moved out, leaving half the house empty.
The vendor suggested that even if we weren't keen to move in - we weren't, despite being desperately keen to get into the house, we didn't fancy sharing it with the two tenants he was in the process of evicting
- we could at least move our furniture etc in instead of putting it into storage. We politely declined and went ahead with the storage option for six weeks till the last tenant had gone......
However, last year we were buying another house - vacant, complete renovation project and we weren't getting a mortgage - and the vendors approached us to see if we'd like to move our stuff in before completion. We agreed to this, having obviously arranged insurance (especially as it was a thatched house!) and moved our things (but not ourselves) in gradually over a week. This was after exchange though........and I wouldn't necessarily say it was something I'd recommend, but it worked for us!Mortgage-free for fourteen years!
Over £40,000 mis-sold PPI reclaimed0 -
There's quite a big difference between a seller allowing furniture to be moved in after exchange and before completion, and the seller actually renting the property and allowing someone to move in.0
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Nothing 'complicated" at all.Everything seems to be made extremely complicated and difficult in the property game.
Looks like it's all go on the move in date, just would have been so much easier to move all our stuff in in advance, even if only in the garage. As work needs to be done on the house immediately on move in day... it currently has no kitchen, no carpet, no bath etc. but we'll survive.
You agree to buy something (in this case a very expensive asset - a property) on a certain date.
Until that date, it belongs to the seller. After that date it belongs to the buyer.
If I sold you my car, and you said you'd bring the cash round to 'Complete' the sale next Wednesday, would you expect me to let you drive off and use my car in the meantime......?0 -
There's quite a big difference between a seller allowing furniture to be moved in after exchange and before completion, and the seller actually renting the property and allowing someone to move in.
Yes, but my first example referred to just that - the vendor offered for us to move in (ie to rent) before we exchanged - and my second related to the OP's comment (post 11) that to move their stuff into the garage in advance would be better than nothing.........;)Mortgage-free for fourteen years!
Over £40,000 mis-sold PPI reclaimed0 -
As work needs to be done on the house immediately on move in day... it currently has no kitchen, no carpet, no bath etc. but we'll survive.
what's having no kitchen, carpet or bath got to do with work being done on move in day... so long as it's got a toilet plumbed in and one working plug socket you'll be fine0 -
Everything seems to be made extremely complicated and difficult in the property game.
Looks like it's all go on the move in date, just would have been so much easier to move all our stuff in in advance, even if only in the garage. As work needs to be done on the house immediately on move in day... it currently has no kitchen, no carpet, no bath etc. but we'll survive.
It is not complicated or slow with a good solicitor.
I do not see moving stuff into the garage is an advantage. Do you want to save storage cost? Do you want to start work before completion?"A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0
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