The NEW waiting to exchange thread...

MissNess29

Hi - I’m new here so sorry if this is in the wrong place. But I’m after some advice. 

I put my offer on a house in September 2020  (the seller had gone through a we buy any house sale and told me he was in a contract with them), searches locally delayed due to covid but they were back mid November 2020. My contracts were signed and at the solicitors the day after the searches returned and mortgage agreed and good to go. The seller then said that he couldn’t get his partner/her adult children (who lived in the house) to sign some documents to say they will leave. In Jan 2021 he told me that he was going to have to evict them. In Feb 2021 he said they had reached an agreement where they would sign and vacate (the occupiers, not him) the property by end of Feb 2020. This paperwork did happen however my mortgage application was due to expire on 13th March. He has apparently been looking at rental properties to go into but can’t find any. Nationwide gave me an additional 15 days to extend my mortgage but the day before it’s due to run out, he has now said he wants to buy! 

It’s going to cost me to go through the mortgage application again, and obviously this will be more to lose if the sale falls through. But him buying a house could take a long time which will have financial implications for me with more mortgage applications and also the stamp duty rise. 

Any advice welcome please! 

Becksina

@crumblylancashire yay glad you’re in!! Congrats 

Becksina

MissNess29 said:

Hi - I’m new here so sorry if this is in the wrong place. But I’m after some advice. 

I put my offer on a house in September 2020  (the seller had gone through a we buy any house sale and told me he was in a contract with them), searches locally delayed due to covid but they were back mid November 2020. My contracts were signed and at the solicitors the day after the searches returned and mortgage agreed and good to go. The seller then said that he couldn’t get his partner/her adult children (who lived in the house) to sign some documents to say they will leave. In Jan 2021 he told me that he was going to have to evict them. In Feb 2021 he said they had reached an agreement where they would sign and vacate (the occupiers, not him) the property by end of Feb 2020. This paperwork did happen however my mortgage application was due to expire on 13th March. He has apparently been looking at rental properties to go into but can’t find any. Nationwide gave me an additional 15 days to extend my mortgage but the day before it’s due to run out, he has now said he wants to buy! 

It’s going to cost me to go through the mortgage application again, and obviously this will be more to lose if the sale falls through. But him buying a house could take a long time which will have financial implications for me with more mortgage applications and also the stamp duty rise. 

Any advice welcome please! 

I’m not sure what you want advice with? Whether to continue the sale or look elsewhere? 

How come it will cost you for another mortgage application? Ours was free, we don’t pay anything until our mortgage is released so I can’t offer much there.

Caz_Mnaz

Sometimes there are hefty fees for mortgage products as essentially you've paid for a product you haven't used..... Poor form on my opinion!

I'd say no chance mate.... Either you vacate or I'm done....although appreciate you won't get another property lined up so still have the risk of the mortgage issue 

Becksina

Caz_Mnaz said:

Sometimes there are hefty fees for mortgage products as essentially you've paid for a product you haven't used..... Poor form on my opinion!

I'd say no chance mate.... Either you vacate or I'm done....although appreciate you won't get another property lined up so still have the risk of the mortgage issue 

oh wow really? Shows how little I know haha! 

Very unfortunate and puts you in a crappy situation 

Drem1992

MissNess29 said:

Hi - I’m new here so sorry if this is in the wrong place. But I’m after some advice. 

I put my offer on a house in September 2020  (the seller had gone through a we buy any house sale and told me he was in a contract with them), searches locally delayed due to covid but they were back mid November 2020. My contracts were signed and at the solicitors the day after the searches returned and mortgage agreed and good to go. The seller then said that he couldn’t get his partner/her adult children (who lived in the house) to sign some documents to say they will leave. In Jan 2021 he told me that he was going to have to evict them. In Feb 2021 he said they had reached an agreement where they would sign and vacate (the occupiers, not him) the property by end of Feb 2020. This paperwork did happen however my mortgage application was due to expire on 13th March. He has apparently been looking at rental properties to go into but can’t find any. Nationwide gave me an additional 15 days to extend my mortgage but the day before it’s due to run out, he has now said he wants to buy! 

It’s going to cost me to go through the mortgage application again, and obviously this will be more to lose if the sale falls through. But him buying a house could take a long time which will have financial implications for me with more mortgage applications and also the stamp duty rise. 

Any advice welcome please! 

Sounds like he's been stringing you along and then some! 
I guess you could call his bluff and say look you either go into rental and buy from there or I'm pulling out of the sale. There's no reason for him to string your sale out so much when he was quite happy to go into rental before! If you love the house though I know this is such a hard decision, you emotionally invest so much I know in my head our house is already ours and I've been planning exactly what it's going to be, if we lost it for any reason I'll be devastated. 
I think there's no easy answer but might be worth explaining your position to him to see if there's a way round it.

Drem1992

Out of curiosity how long did it take everyone's solicitors to receive the contract pack? 
We had our offer accepted on the 18th Feb, since then we've completed all the solicitors paperwork at our end, had our mortgage offer through (which the solicitors have also received) and had a home buyers survey done (report will be with us on Monday). I was expecting once we've got our survey report through and checked it's all ok that we should be able to give the solicitors the go ahead to start searches this week. However I had an email from the solicitors confirming they've received everything at our end, but they mentioned that they haven't received the contract pack? I was surprised as we're 5 weeks into the process I would have thought they should have had this before now?
Is it worth me chasing this up myself with the seller/EA/or seller's solicitors and if so which one do I approach?

Natbag

Congrats to all the exchangers and completes, so exciting! 

Natbag

Drem1992 said:

Out of curiosity how long did it take everyone's solicitors to receive the contract pack? 
We had our offer accepted on the 18th Feb, since then we've completed all the solicitors paperwork at our end, had our mortgage offer through (which the solicitors have also received) and had a home buyers survey done (report will be with us on Monday). I was expecting once we've got our survey report through and checked it's all ok that we should be able to give the solicitors the go ahead to start searches this week. However I had an email from the solicitors confirming they've received everything at our end, but they mentioned that they haven't received the contract pack? I was surprised as we're 5 weeks into the process I would have thought they should have had this before now?
Is it worth me chasing this up myself with the seller/EA/or seller's solicitors and if so which one do I approach?

Depends what they mean by that. The final report pack for your purchase with contracts won’t be with you until all of the searches and enquiries are complete. You can see my timeline in my signature to give you an idea of the length of the process for me. 

Drem1992

Natbag said:

Drem1992 said:

Out of curiosity how long did it take everyone's solicitors to receive the contract pack? 
We had our offer accepted on the 18th Feb, since then we've completed all the solicitors paperwork at our end, had our mortgage offer through (which the solicitors have also received) and had a home buyers survey done (report will be with us on Monday). I was expecting once we've got our survey report through and checked it's all ok that we should be able to give the solicitors the go ahead to start searches this week. However I had an email from the solicitors confirming they've received everything at our end, but they mentioned that they haven't received the contract pack? I was surprised as we're 5 weeks into the process I would have thought they should have had this before now?
Is it worth me chasing this up myself with the seller/EA/or seller's solicitors and if so which one do I approach?

Depends what they mean by that. The final report pack for your purchase with contracts won’t be with you until all of the searches and enquiries are complete. You can see my timeline in my signature to give you an idea of the length of the process for me. 

This is what they said in their email:
 I am awaiting the Contract pack but as soon as I receive this I can commence with the searches.
So sounds like something they need to have pre-searches?