Taylor Wimpey Easymove Advice

robbie1904

We have just found out that a TW plot we are interested in has been released for sale. The build completion date will be July/Aug 2018.

We've been told that to reserve the plot we need to use the TW Easymover scheme and they will deal with the sale of our house, agents etc. The problem is, TW want the house on the market straight away. If we proceed it would go on the market by the end of this week. The house we currently own is in a very sought after area and I think, and we've been told it will sell quickly. When we explained this to TW their response is that we should sell and rent until completion.

Rentals are also in very high demand in our area and it would seem we would be setting off a potential nightmare. We have animals and a home based business with stock that needs to keep running. There is also the extra costs of renting and moving twice. Basically, renting to bridge a potential 6 month or more gap is a none starter.

It appears far from an 'easy move' from our point of view. We would be far happier if our house went on the market March/April 2018.

Has anyone else had a similar experience with TW or have any advice?

JoJo1978

Can you do your own research on how quickly your current house will sell, you seem to be expecting an offer very quickly after it goes on the market, which may or may not be the case. If it was an estate agent who thought it would be quick, take it with a pinch of salt. They simply said what (most) people want to hear i.e. they can sell it quickly. Your situation is quite unusual in that you have a motive for a slow sale. If you've been speaking to a fairly large sample (30+) of current sellers in your area then you've probably got a more accurate idea.

You're also assuming that if an acceptable offer comes in quickly it will proceed quickly, it may not (have a look at some of the timelines on the waiting to exchange thread, or waiting to sell thread.) Equally someone may be happy to fit in with your timing. When it goes up for sale you could only show it to people who are, which will slow down on your level of viewings and offers by making the number of prospects through the door smaller.

You have ruled out renting in your area, is there an alternative - staying with family, putting stock into storage, renting in a slightly cheaper area? It depends on how much you really want this particular plot as to what sacrifices and gambles you are willing to take to get it.

I don't have experience of buying off plan but I can see where TW are coming from. They probably need to keep their rate of plot reservations up to ensure the cashflow to complete their developments. If you are dependent on your current house selling to proceed as a buyer then it needs to go on the market, otherwise you are not a viable buyer?

Our current experience of tying a purchase and sale together doesn't involve a new plot, but we have had to adapt our plan several times to get to where we are now. It has taken six months in total and all parties in the chain have had to take action they didn't initially want to. If that plot is perfect you'll find a way. And you may be worrying unnecessarily at this stage. You just don't know until you start the process.

AnotherJoe

If TW won’t acceot you payinga deposit and then exchanging without using their scheme, seems this house isn’t for you. Will your mortage company let you exchange now anyway, even if you weren’t using the TW scheme? You’d be on the hook for two mortgages. Is that affordable ?