Complete on tuesday still waiting to exchange NOW though

alib42

We are supposed to exchange today - I have agreed to complete on Tuesday.. This was advised as the buyers lender wouldn't agree to release funds to the buyer til they had a completion date.

We are supposed to exchange today.

I have chased both EA & Solicitors - The buyer sent the deposit 2 days ago. Her solicitor say's they haven't received.

I have asked both my solicitor & EA to chase but nothing is happening and neither solicitors or EA are answering me.

My buyers have messed me about twice already.

I wanted to exchange so I could rest easy it isn't happening everything can still go t*** up and again I end of losing out...

Am I panicking over nothing

Please tell me it will be ok

Surrey_EA

alib42 wrote: »

We are supposed to exchange today - I have agreed to complete on Tuesday.. This was advised as the buyers lender wouldn't agree to release funds to the buyer til they had a completion date.

That seems a little odd, normally the solicitor advises the lender when they require the mortgage funds to be availabel for completion, and the lender normally requires a minimum of 5 working days notice

alib42 wrote: »

We are supposed to exchange today.

I have chased both EA & Solicitors - The buyer sent the deposit 2 days ago. Her solicitor say's they haven't received.

How was the deposit sent to the solicitor? If they sent it using a bacs transfer it may not be through yet, if they used chaps something has gone wrong. Or your buyer is fibbing about when they sent it.

alib42 wrote: »

I have asked both my solicitor & EA to chase but nothing is happening and neither solicitors or EA are answering me.

Keep trying. However, it's now gone 3pm on a Friday before a Bank Holiday weekend.

alib42 wrote: »

My buyers have messed me about twice already.

In what way?

alib42 wrote: »

I wanted to exchange so I could rest easy it isn't happening everything can still go t*** up and again I end of losing out...

Am I panicking over nothing

Please tell me it will be ok

It might be ok, but I would say it is unlikely that you'll be completing on Tuesday if you've not yet exchanged.

jimbog

Completion is only agreed at exchange. It will work out I'm sure - it's a stressful business - good luck!

Thrugelmir

alib42 wrote: »

I have asked both my solicitor & EA to chase but nothing is happening and neither solicitors or EA are answering me.

Until the deposit money arrives then nothing will happen. Being a Friday. Solicitors and the EA are no doubt dealing clients that are completing today.

hazyjo

Not a great time to exchange - before a bank hol - if completion was set for Tues. Bit late now though...


How did they send the deposit?


They could be stalling, but hopefully it's a simple problem. Keep us informed.


Jx

alib42

My last conversation at 2.30 with solicitor was they expect me to complete on tuesday..

I said but anything can happen between now and then and I end up in a mess with removal/new house etc and losing money etc she said yes you do..

"We are waiting for the buyer's solicitor to get back to us"

I said so I shouldnt expect to complete on tuesday

She said "Well if you do that then it will be put back again as the lender wont release there funds"

alib42

hazyjo wrote: »

Not a great time to exchange - before a bank hol - if completion was set for Tues. Bit late now though...


How did they send the deposit?


They could be stalling, but hopefully it's a simple problem. Keep us informed.


Jx

I dont know I asked the EA to ask the buyer this at 1.00pm I have since called twice but she is busy with clients and cant come to the phone

alib42

jimbog wrote: »

Completion is only agreed at exchange. It will work out I'm sure - it's a stressful business - good luck!

But I have already agreed to complete on Tuesday - My solicitor told me I had to otherwise my buyer's lender would'nt release there funds

Surrey_EA

alib42 wrote: »

But I have already agreed to complete on Tuesday - My solicitor told me I had to otherwise my buyer's lender would'nt release there funds

Are you currently living in the property being sold?

Are you purchasing another property?

alib42

Surrey_EA wrote: »

Are you currently living in the property being sold?

Are you purchasing another property?

Hi

I am living in the property I am selling

and moving into rented.

My buyers should of exchanged about 5 weeks ago they didn't and I lost a holding deposit.

My buyers should of signed there contract twice and didn't turn up both times.

I was advised by my EA that after the last time they really really wanted the property. And they thought they were genuine

Surrey_EA

Sounds like you've already signed up for a rental property then.

Has there been any further word from you solicitor?