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thought it was going to well!!

hi, just a quick one. My buyer is ready to exchange they are coming out of rented. my sellers are ready to move they are going into rented. I thought we were too!! HOwever, after speaking to my solicitor this morning she has only just submitted our searches.

My buyer needs to be in by 20th september as they have been served notice. My sellers are moving out 17th september.

My buyer can not extend notice they have asked us to vacate early, we have nowhere to go!! can anyone please advise me
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Comments

  • his_wife
    his_wife Posts: 350 Forumite
    We have mortgage in place, and just a few ends to tie up, is it doable to be completed by then. Is there a way i can chase searches up??
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Searches could still come in with 1-2 weeks spare. If that's all that's left to do, you could still be fine. Ish.

    You need to find out how long searches take in your area.

    If you need to get out, look for local holiday lets, where you can go "easy in, easy out". You should get a good price too by explaining your situation and with it being out of season. Good price = more in line with a regular rental rate, rather than 4x the price.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Tell the estate agent, if there is one, to advise your buyer and seller that you'll be unable to Exchange before whatever date your solicitor now estimates.

    How long is your local authority taking to return searches at present?
  • his_wife
    his_wife Posts: 350 Forumite
    thank you for quick replies, we have bent over back wards for both our buyer and seller, knocked money off our house, and agreed to do repairs on other house. We can not afford to go into temp accommodation, for fourish weeks, as that would be next time we could move.

    I did suggest to our buyer that they rent somewhere for four weeks but they cant afford too either.

    How, do i go about finding out about how long searches are taking in my area
  • his_wife
    his_wife Posts: 350 Forumite
    estate agent and solicitors have been informed, however, our buyer isnt taking no for an answer, as apparently its my problem not theirs since their end is sorted!

    I feel like we are being held over a barrel right now
  • Jon_B_2
    Jon_B_2 Posts: 832 Forumite
    500 Posts
    When did you sell the house and instruct solicitors?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    When did you receive your mortgage offer?
  • his_wife
    his_wife Posts: 350 Forumite
    six weeks jon, i sold house, instructed solicitor two days later, i found a house to purchase two weeks later. Got mortgage offer same week. My buyer has had his tenancy terminated by his land lord, with four weeks notice.

    I paid for my search four weeks ago, so i wrongly assumed , she would be onto them, as both myself and my buyer were using same solicitors different practices. Thinking they would communicate.

    My buyer is now ready , and working to a dead line! im now scared that one of us are going to end up homeless, i physically cannot afford to rent short term to accommodate them, as i have three dependants and two dogs, my buyer has two dependants and a dog!!
  • his_wife
    his_wife Posts: 350 Forumite
    had actual mortgage offer two weeks
  • mrginge
    mrginge Posts: 4,843 Forumite
    Your buyer does not have to move out. Tell them to stay put
This discussion has been closed.
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