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It's a plan that's the issue.
The draft contract will contain a plan and many local authorities need one before they will carry out the required search.
Why is it taking so long for the vendor's solicitor to get the draft contract issued? This would be making alarm bells ring for me.
What's the vendor upto? Are they buying? Is the chain fully formed?
Offer agreed and chain forms up
Solicitors instructed
Sales memorandum issued by agent
Purchaser applies for mortgage
Vendor's solicitor prepares and issues draft contract
Vendor completes seller's enquiry forms and returns to solicitor
Valuation/survey carried out
Purchaser pays solicitor for searches
Searches requested
Renegotiation of price due to survey findings - if required
Mortgage offer issued
Purchaser's solicitor receives seller's enquiry forms and raises any enquiries
Searches returned
Responses to enquiries
Purchaser visits solicitor to go through paperwork, hand over ID and deposit
Completion date agreed between all parties
Contracts exchanged
Completion takes place.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
My solicitor would not submit searches until they received the draft contracts, and my sellers didn't want to instruct their solicitor until the mortgage offer was approved and survey's completed.
You can use the estate agent to chase the sellers solicitors to find out why the draft contacts haven't been released yet.0 -
kingstreet wrote: »It's a plan that's the issue.
The draft contract will contain a plan and many local authorities need one before they will carry out the required search.
Why is it taking so long for the vendor's solicitor to get the draft contract issued? This would be making alarm bells ring for me.
What's the vendor upto? Are they buying? Is the chain fully formed?
Offer agreed and chain forms up
Solicitors instructed
Sales memorandum issued by agent
Purchaser applies for mortgage
Vendor's solicitor prepares and issues draft contract
Vendor completes seller's enquiry forms and returns to solicitor
Valuation/survey carried out
Purchaser pays solicitor for searches
Searches requested
Renegotiation of price due to survey findings - if required
Mortgage offer issued
Purchaser's solicitor receives seller's enquiry forms and raises any enquiries
Searches returned
Responses to enquiries
Purchaser visits solicitor to go through paperwork, hand over ID and deposit
Completion date agreed between all parties
Contracts exchanged
Completion takes place.
The vendors have the property pack. They are selling the house which belonged to their parents its a brother and sister selling. The sister is on holiday til the end of the week so the brother is waiting for her to come back so they can fill it all in together. I am hoping that the vendors solicitor can send the plan to our solicitor so they can start the searches.0
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