Completion Query

Melgiles66

We have a buyer for our property. our solicitor has confirmed there is nothing else we can do our end and to wait for the other side to suggest a completion date. This was Friday last week and I still haven't heard anything.
I'm becoming increasingly frustrated and wanted to know if there's anything I can do!?
I've emphasised from day 1 we need and quick turnaround.

glentoran99

Melgiles66 wrote: »

We have a buyer for our property. our solicitor has confirmed there is nothing else we can do our end and to wait for the other side to suggest a completion date. This was Friday last week and I still haven't heard anything.
I'm becoming increasingly frustrated and wanted to know if there's anything I can do!?
I've emphasised from day 1 we need and quick turnaround.

How long since you agreed?

Surrey_EA

Things have moved on a bit since you were a first time buyer, without a property to sell a few weeks ago.

https://forums.moneysavingexpert.com/discussion/5531539

G_M

Surrey_EA wrote: »

Things have moved on a bit since you were a first time buyer, without a property to sell a few weeks ago.

https://forums.moneysavingexpert.com/discussion/5531539

Well spotted.

Maybe OP managed to buy that property in the time between threads, and is now upsizing........?

Melgiles66

Thanks for your 'unhelpful' comment with regards to us being first time buyers.

We are first time buyers in the sense that we are buying on the open market. The property we are selling is shared ownership and therefore has a different process initially. You have to apply for a property and your financial circumstances are assessed and the property is offered to you on a needs basis.

Once you've been offered the property from the housing association, it's a normal process with the solicitor.

So yes we are first time buyers on the open market whereby YOU offer on the house as opposed to you being offered it from a housing association which is why I needed advice previously.

We signed our contract for the sale over 2 weeks ago and have been told by our solicitor there is nothing else to be done. How can I get the other side to agree a completion!?

kingstreet

You put your preferred completion dates to your solicitor and ask the solicitor to put them to the other side. You will get back their preferred date(s) and you will reach a compromise on which all can agree. Then you can exchange contracts.

BTW if you decide you're going to use terminology differently to the rest of us, give us a heads-up first as it gets a bit confusing if we thing FTB means "never before owned a property" and you think it's "currently own a property, need to sell to buy but bought outside the open market."

glentoran99

Melgiles66 wrote: »

Thanks for your 'unhelpful' comment with regards to us being first time buyers.

We are first time buyers in the sense that we are buying on the open market. The property we are selling is shared ownership and therefore has a different process initially. You have to apply for a property and your financial circumstances are assessed and the property is offered to you on a needs basis.

Once you've been offered the property from the housing association, it's a normal process with the solicitor.

So yes we are first time buyers on the open market whereby YOU offer on the house as opposed to you being offered it from a housing association which is why I needed advice previously.

We signed our contract for the sale over 2 weeks ago and have been told by our solicitor there is nothing else to be done. How can I get the other side to agree a completion!?

Is your purchase ready to complete? 2 weeks is a very short time minimum another 4 on top of that, how is your purchase coming along?

Surrey_EA

Melgiles66 wrote: »

Thanks for your 'unhelpful' comment with regards to us being first time buyers.

We are first time buyers in the sense that we are buying on the open market. The property we are selling is shared ownership and therefore has a different process initially. You have to apply for a property and your financial circumstances are assessed and the property is offered to you on a needs basis.

Perhaps you can see how the information provided is confusing? You are not first time buyers, using the generally accepted definition of the term.

G_M

Thanks for your unhelpful original post.

Melgiles66 wrote: »

Thanks for your 'unhelpful' comment with regards to us being first time buyers.

We are first time buyers in the sense that we are buying on the open market. The property we are selling is shared ownership and therefore has a different process initially.

In what world does this make you a FTB?

You have bought before.
So this is not the first time.
What's more, you still own, and your current purchase is dependant on your sale.

You are clearly not a FTB.