We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Vendor won't exchange
Comments
-
I have just heard that the company promises to get the report to the investors solicitor confirming everything is ok on Monday between 9 and 10 and we should exchange then - fingers crossed that all will agree a date for completion and it goes ahead - otherwise it's game over -thank you all for your input.0
-
March to July isn't very long considering there is a chain. When I bought last year it took from May to September (albeit very end of May to very beginning of September) to complete and that was a chain free purchase, three months was the minimum we were told it would take.0
-
Just a quick update- investor still won't exchange even though he has been given an indemnity policy and confirmation that the extension on the property won't be compromised by the oil pipeline company - the latest was that the wording on the document wasn't to his liking- from today everyone is putting their properties back on the market. What a waste of time and money and 5 months....0
-
How infuriating. Time wasters like this should be blacklisted. Really sorry and hope you find another buyer soon or the house at the bottom of the chain does. Not sure an independent coordinator would help though. Maybe a better system of house buying and selling.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
The 365 Day 1p Challenge 2025 #1 £667.95/£391.55
Save £12k in 2025 #1 £12000/£120000 -
-
Thrugelmir wrote: »Won't or cannot. Perhaps been hit with the recent changes to BTL lending that has been introduced.
He would have known that before though - or maybe he thought they didn't apply to him?!
OP, I feel your frustration. I hope you get a nice new buyer very quickly and you can rebuild the chain.0 -
Bonniepurple wrote: »He would have known that before though
No, new regulations come into force from October. Lenders from earlier this month have started to apply them. One doesn't know what position the buyer is in. Might of even been trying to sell another property to release equity.0 -
I really feel for you OP. We've been waiting 4 months on vendors who have messed about like crazy (and we're cash buyers, so hoped it would be straightforward). Hopefully one day, we'll be in our new homes and will forget the stress of the wait to get there..."Have nothing in your houses that you do not know to be useful, or believe to be beautiful." William Morris0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards