The NEW waiting to exchange thread...

RXT156

Hi all!! Having a bit of a spaz this morning need some advice....

When I had my offer accepted on a house I hassled Purple Bricks for about two weeks to give me details about the chain and I (for some unknown reason) was given the full names and full addresses of all of the people in the chain (is this common?!? As a FTB I have no idea lol) so anyway I had a look at the houses in the chain (obviously) and noticed that they had been on the market for quite some time so I thought it was good news and it’d be a quick process as everyone would be ready to go I checked again today and have noticed that the house my vendor is buying has been put back on the market :eek: I was hoping for a quick sale and now surely things will take longer whilst she finds a new house or has has she found a new one already. Surely the Solicitors would’ve mentioned this to me?!? Wahhh. Just when I thought things were going well ....

Flutterbat17

Moving house is easy!!!! Said no one ever!!

We are so close to exchange, spent a small fortune on surveys and independent surveys.
The Solicitors searches via Groundsure have said potential high risk land contamination.:(

On reflection, we are not prepared to take the indemnity insurance for the potential remedial work. Let’s face it who would buy the house from us knowing the same issue? It doesn’t protect from any health implications! Just the cost to ‘fix’ it when ever the LA decide to do it, which could be years away.

So, we’ve decided to take the plunge and go further down the rabbit hole to investigate it with our local authority, which apparently means we can’t then get indemnity.

So now we are down to this, find out if the LA know more info:
1. yes it’s contaminated land and on their register to sort (we walk away from the sale!)
2. no it isn’t consider a risk ( yey we continue on with the purchase).
3. LA don’t know and require a site test, which costs ££££ and we would want the seller to pay for. Anything but clean land and we walk away. :eek:

This doesn’t leave the seller in a good position either.

Who would have thought after all the stuff we’ve looked into, and it’s a lot! This of all things would be the road block. It has all gone far too smooth for us until now.

JoJo1978

Hey,

Have been a long-time voyeur but am only just a newbie poster:

- Made decision with DH to quit lucrative careers so we could finally see each other Feb
- Got house ready for sale Mar- Apr
- Put house on mkt (London) May - no viewings for 4 weeks, no offers in 12 weeks
- In the meantime scouted relocation options and chose East Midlands Jun-Jul
- Changed agents and got 3 offers in 5 days Aug. Had to switch buyers after a week
- Been waiting for our buyer since Sept 1st, survey only happened last week :eek:
- In the meantime got gazumped, found new dream house, offer accepted, all paperwork sorted, two further upward chain links assembled, also now have their paperwork sorted
- ...yet still we wait. Exchange planned for 28th, believe it when i see it
- Provisional completion target 12th Dec

I don't even want to think about the implications of chain break at this stage!!!

sugar_candy_123

RXT156, that seems suspicious about the house your vendor is buying, I would call the agent up about it off a different number as a prospective purchaser to find out the info, or just straight out ask the agents what is going on is probably better.

Jojo fingers crossed for an exchange next week! We are also due to exchange in the next week yet there seems so many unanswered quieries and things still to agree with the developers we are buying from, the end is not yet in site!

Our contract arrived on Saturday but as it is a new build there are a lot more restrictions than we were expecting from the management company (unadapted roads) and stressing about whether it would put future purchasers off, plus the management charges are £800 a year �� it’s a freehold house!����

archersluck

Urgh Regina and Cheery, I hope you've had some better news?

Help to buy bonus should be with solicitor tomorrow. I'm just waiting for a cheque to clear to get the remainder over to them, sort of waiting for the budget on Thursday & hoping for some immediate FTB stamp duty holiday (Please God!).
So should exchange this week and complete next if all goes well. Fingers crossed

Cheery_Daff

No news here - our buyers have viewings booked but no offers yet. Sellers have agreed to wait for them (for now) rather than re-marketing - a wise choice considering our buyers' house will sell FAR more quickly than the one we're buying (which is in the middle of nowhere, empty for 6 months, and needs rather a lot doing to it).

Went for a second viewing yesterday to measure up (booked before the bottom of the chain fell out on Friday). Place has been emptied (I think by a local person who's been paid, as the actual vendors are down south). They've taken EVERYTHING apart from several freezers of (not-quite-frozen) rotting food in an outbuilding :shocked: :eek: I'm not squeamish, but it really was the most disgusting thing I've ever seen :eek:

Emailed the estate agent to check they'd be removed before we moved - but I also had to fess up about the bottom of the chain falling out in the same email so she's only replied about that, not the rotting food...

Hey ho. I suppose the longer they leave it there, the more disgusting it'll get. Then if they give up on us and have to re-market, it'll lessen their chances of finding a new buyer before our buyer does...

Yawn.

I've instigated a new policy of turning off email notifications on my phone and putting phone on silent when I'm at work. I'll check once a day (mid afternoon) so I can respond the same day, but I'm not constantly up and down jumping to answer stuff immediately. Had a remarkable effect on my sanity already! :j

Katapolt

I’m a FTB and new here so please be kind!

We saw a property when we weren’t exactly ready to buy, so the initial stages were all a bit of a panic!
1st Viewing – 7th October 2017 – Put an offer in the same day!
Got a MIP on 11th October
16th October – Full mortgage application went in, as did all solicitor forms (and payments!)
14th November - Valuation & Survey done
20th November – Mortgage offer received!

No idea what happens next, except more waiting I suppose.

I'm too impatient for my own good.

Cheery_Daff

Welcome Katopolt :hello:

Best get used to waiting... We put our house up for sale on 6th July, found a buyer straight away then had to wait til they sold their house, then again til we found a new house and had offer accepted on 9th August.

Took us 3 months to get mortgage approved :eek: now we're 15 weeks in and the first time buyer at the bottom of the chain has just dropped out. Very unlikely to move til after Christmas now so it'll be well over 20 weeks if it happens at all...

Waiting (not very patiently) is my new hobby... :rotfl:

Katapolt

Oh lord!! im sorry youre having such troubles with it. So far i have learned that im a total control freak and have zero patience haha but i think im gradually cooling down.

Firsttimebuyers

Just had our mortgage offer through, so I guess we're over here now!!


No chain, we're First Time Buyers so hoping it'll all go through easily.