Property buying/selling timeline - currently into week 21
04/12/20: Both properties listed for sale
11/01/21: Offers
accepted on both sales & on our joint purchase
25/01/21: Identity checks completed, solicitors instructed
27/01/21: Purchase survey & valuation complete, mortgage offer
received
05/02/21: Reduction agreed on partner's sale (under-valuation) & on
purchase. Mortgage offer amended
08/02/21: Buyers pack returned to solicitor - sellers packs already returned
26/02/21:
Partner's sale contract signed
10/03/21: Purchase searches all back
16/03/21: My sale contract signed
28/03/21: Purchase enquiries satisfied, Title
Report & contracts issued, contracts signed & returned
11/05/21: Still waiting on final enquiry in the adjoining chain to be resolved. Consent to break the chain granted, instruction to move to exchange given.
17/05/21: All parties agreed to June 3rd for completion
27/05/21: Exchanged on my sale only
28/05/21: ALL EXCHANGED!
03/06/21: Completion
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Comments
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If you ignore the boxes - yes! Expecting a few trips up the loft to hide things should the worst happen come Friday...trance_abbey said:amyr said:It's ultimatum day. Buyer said paperwork was sent yesterday (third time now). Their solicitor has heard nothing from them.
If the documents haven't arrived by 3pm, we're issuing an ultimatum which is clear that Friday is our line in the sand. Nothing by then, we'll consider all options.
Sincerely hoping this does the trick and we don't have to relist, but I'm really not confident.Fingers crossed!Is everything ready to relist so you can catch the buyers looking this weekend?0 -
trance_abbey said:If you trust your girlfriend and truely believe that things will work out, why not have her put in whatever contribution that she can and have her name on the deed as tenants in common or something. Or would the bank require it to all be in your name to get the mortagage?
Has to be my name only to get the mortgage. Can't have a sole mortgage and dual ownership.0 -
Thought I would add my update on here since everyone else has been so helpfulZSC said:Going to eventually post on this thread after being a long-time lurker!I’ll not bore anyone with the previous house we tried to buy where the chain collapsed 3 times and now we are living at parents 😩
26/3 - offer on property accepted
29/3 - mortgage application submitted with Virgin
29/3 - searches submitted
29/3 - homebuyers survey booked for 28th April
07/4 - all searches back
08/4 - mortgage offer received
Now we are just waiting on the draft contract from our sellers so we can get going with all the enquiries which I hope can be done pretty quickly if everything looks ok!
27/04 Draft contract received
28/04 Homebuyers survey
29/04 Report received - a few things on there but happy to resolve ourselves
07/05 First lot of enquiries raised with sellers solicitor - however no report on title yet due to it being an unregistered property and title hasn’t been sent to solicitor yet. All other reports have been sent (minus anything from enquiries!)
So now I guess it is just a wait to see how quickly the sellers solicitor responds to mine! Hoping for an early June completion but not overly optimistic!0 -
No a big fail apparently the top of the chain are waiting for the release of something the solicitor called my partner so I guessing that means funds mortgage maybe? But thanks so more nail biting tomorrowFTB_Help said:Sam2030 said:Due to complete on Friday still haven't exchanged. Solicitor called for authourtiy this morning not heard anything back it's awful the waiting.Sam2030 said:Due to complete on Friday still haven't exchanged. Solicitor called for authourtiy this morning not heard anything back it's awful the waiting.I bet you you'll get a call at 5.25pm telling you its all done!Congrats!0 -
I've been posting in the NW mortgage thread. Mine seems to be going along pretty darn quickly. Anyone here comment if it seems I'm ahead of the curve (at least in terms of things from my side).
15/04 - Offer on house accepted
16/04 - Solicitor's had already been arranged and so instructed + Sales Memo sent by EA.
16/04 - Application processed through Broker - Submitted Payslips, Proof of deposit etc
16/04 - Soft Credit Check pass
22/04 - Valuation carried out (according to Broker)
25/04 - Hard Credit Check by Nationwide
26/04 - Valuation returned to Nationwide
30/04 - Searches received - no major red flags, couple of enquires made.
10/05 - Mortgage Offer Received
Homebuyers survey scheduled for 20/05, so assuming nothing major is found in that. I don't know what else there is left to do except wait on the seller. I've asked my solicitors yesterday to find more on the chain, I know the seller had found a property when I placed the offer. Least the seller told me that when I bumped into him as I was finishing the viewing. But I don't have any other information than that.Solicitors have been pretty good with communications so far, hopefully hear back in the next day or so about the chain situation.
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trance_abbey said:FTB_Help said:Phew!!!Did the surveyor say why he mistakenly picked up japenese knot weed?Are you buying in Hackney (London) - There's been a cyber attack and its taken months for searches to get back.The Hackney mayor tried to get SD extension for people buying in the area as many are waiting months for them to come back so are more likely than not to make it by JuneIt was a typo! The survey said they 'did note japanese knotweed in the garden'. I sent an email asking for the exact location, photographs and any other evidence and they replied back saying they missed out the NOT haha phew indeed!I'm buying in Tower Hamlets, the survey sites that have been mentioned in this thread showed 28 and 35 working days... so I'm really not sure why the solicitor has said it'll be so long?Haha! Jeez what a typo to have!Theres been a slight influx of buyers since they announced the sd extention back in March, so could possibly be a big back log of searches they're dealing with0
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@trance_abbey - good job you queried it, and I hope they are reissuing the report!
@Sam2030 - fingers crossed for you!1 -
Reader, the paperwork did not arrive *eyeroll*amyr said:It's ultimatum day. Buyer said paperwork was sent yesterday (third time now). Their solicitor has heard nothing from them.
If the documents haven't arrived by 3pm, we're issuing an ultimatum which is clear that Friday is our line in the sand. Nothing by then, we'll consider all options.
Sincerely hoping this does the trick and we don't have to relist, but I'm really not confident.
Ultimatum has been sent. They have until Friday, or the house goes back on the market.
Trying not to get ahead of ourselves, but if that happens we're likely to move out to stay with family. I'm not sure I have the strength to be in the house any longer!0 -
Good luck @amyr - hoping for a miracle for you.Property buying/selling timeline - currently into week 21
04/12/20: Both properties listed for sale
11/01/21: Offers accepted on both sales & on our joint purchase
25/01/21: Identity checks completed, solicitors instructed
27/01/21: Purchase survey & valuation complete, mortgage offer received
05/02/21: Reduction agreed on partner's sale (under-valuation) & on purchase. Mortgage offer amended
08/02/21: Buyers pack returned to solicitor - sellers packs already returned
26/02/21: Partner's sale contract signed
10/03/21: Purchase searches all back
16/03/21: My sale contract signed
28/03/21: Purchase enquiries satisfied, Title Report & contracts issued, contracts signed & returned
11/05/21: Still waiting on final enquiry in the adjoining chain to be resolved. Consent to break the chain granted, instruction to move to exchange given.
17/05/21: All parties agreed to June 3rd for completion
27/05/21: Exchanged on my sale only
28/05/21: ALL EXCHANGED!
03/06/21: Completion0 -
Thank you!Natbag said:Good luck @amyr - hoping for a miracle for you.
I can't quite believe this - but a miracle has happened. The buyer drove two hours from London to hand deliver the paperwork. We have no idea what is in it, if it's complete or what. But it's there. And it has to be a sign of commitment.
Tiny, tiny glimmer of hope.4
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