Person in chain keeps moving the completion date, advice?

hazyjo

wendygn1 wrote: »

I can't threaten to pull out because I've paid all my monies in full, the house I'm buying is already paid for and the house I am currently in has already been paid for by the people buying my house.

...
I have read somewhere that you can claim compensation from the person who's causing the delay in the chain.
What is more frustrating is that we are not being told the reason for the delay, apart from the fact he is being awkward.

LandyAndy wrote: »

Of course you can pull out. No one has bought any houses atm because you haven't even exchanged let alone completed.


You pull out and you get your money back from the solicitor.

So can your buyer - they have not paid for yours yet either! It will be sitting in their solicitor's client account.


No idea what you read or where you read it, but no you can't claim compensation from the person causing the delay. Not unless you have exchanged and they delay completion.


You can sell and buy and force your sellers to sell and be homeless until their seller decides to sell. They may not want to take that risk in case their seller pulls out and they're back to square one (as you all would be!). As you say though, you're not willing to carry out any threat, so it's probably pointless, but you could certainly suggest it rather than threaten it. Are your buyers pushing or are they calm?

wendygn1

hazyjo wrote: »

Are your buyers pushing or are they calm?

They were pushing, but the last time I spoke to her she said let's just wait and see now. I'm happy with the 26th September, but want to push for exchange so the awkward one can't change the date again. It seems that the solicitor is not pushing as hard. I know she's got a lot of cases at the moment, but surely this case should be marked as urgent? Well it is in my books :rotfl:

xylophone

Have your sellers established the reason for the delays being caused by their vendor?

LandyAndy

xylophone wrote: »

Have your sellers established the reason for the delays being caused by their vendor?

There's no guarantee they'll have been told the truth. This sort of constant delaying can indicate there is a problem that the delaying party is hoping will be resolved before they have to divulge it.

wendygn1

xylophone wrote: »

Have your sellers established the reason for the delays being caused by their vendor?

No, my sellers said that you don't get much information out of them. No one seems to know or is not telling us.

sheff6107

Not much you do but hold tight. And nobody should be paying removal companies prior to exchange.

teddysmum

Possibly the person is waiting for a newly built property to be completed and the builders constantly move the expected date forward.


I can see something like this happening with my sister who is buying a property from someone who is expecting a new flat to be finnished by a date in October.

saajan_12

wendygn1 wrote: »

Thanks
The squatting thing was my little joke, sorry
Can I ask my solicitor for the interest on the money that she is holding?You'd get the interest applicable on the solicitor's client account, but this is likely zero. Besides, I know it feels like a lot of money but at current rates it's likely too small to worry about.
Can I push for exchange? Because I am constantly on the phone to my solicitor and estate agent, I'm starting to feel like a pest. - you can push, the other parties don't have to oblige though.
I can't threaten to pull out because I've paid all my monies in full, the house I'm buying is already paid for and the house I am currently in has already been paid for by the people buying my house. - you've only transferred the money to your solicitor, it hasn't gone to your vendor yet, so you haven't 'paid for' anything. You can threaten to pull out if you choose to..
I wouldn't want to threaten to pull out anyway as I really want the house that I've bought
I have read somewhere that you can claim compensation from the person who's causing the delay in the chain. -
No, they're under no obligation to even proceed with the house sale/purchase, let alone do it quickly. No compensation due until after you have exchanged and someone breaches the contract.

What is more frustrating is that we are not being told the reason for the delay, apart from the fact he is being awkward.

You need to get a handle on the precise situation rather than assuming you have bought things you haven't. So far everyone has just performed enquiries and begun negotiations on the properties. Until exchange, no one is under any obligation, so all you can do is wait or pull out. Thats it.

wendygn1

Thanks for all your responses I've just spoken to my solicitor and everyone has agreed on the 26th September, so just waiting to exchange now

LandyAndy

wendygn1 wrote: »

Thanks for all your responses I've just spoken to my solicitor and everyone has agreed on the 26th September, so just waiting to exchange now

Fingers crossed for you. Good luck.