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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Selling Shared Ownership- Buyers solicitor refusing to exchange!!!!!
JodieHillier
Posts: 1 Newbie
Hi All,
I NEED HELP! I have sold my shared ownership apartment and my buyers solicitor is refusing to exchange.
Firstly they raised over 40 enquiries on a 1 year old apartment! Now, at the point of exchange they're saying they need the estate management company to issue a sellers pack due to "restrictions on the lease" which is costing me £240.
My solicitor has spoken with Trinity (estate management company) and they have confirmed in writing that because I'm only selling my share and that the housing association are essentially still remaining as the landlord that a sellers pack isn't required as there aren't any restrictions if I'm just selling my share.
My solicitor has forwarded this email onto my buyers solicitor but she is refusing to exchange without the sellers pack.
I'm not sure what else I can do here? I'm already spending thousands of pounds and apparently Trinity can take up to 2 weeks to respond with the sellers pack.
My property I'm purchasing has given me a deadline of exchange next week as the sale has already been going on 4 months! Any advice????
I NEED HELP! I have sold my shared ownership apartment and my buyers solicitor is refusing to exchange.
Firstly they raised over 40 enquiries on a 1 year old apartment! Now, at the point of exchange they're saying they need the estate management company to issue a sellers pack due to "restrictions on the lease" which is costing me £240.
My solicitor has spoken with Trinity (estate management company) and they have confirmed in writing that because I'm only selling my share and that the housing association are essentially still remaining as the landlord that a sellers pack isn't required as there aren't any restrictions if I'm just selling my share.
My solicitor has forwarded this email onto my buyers solicitor but she is refusing to exchange without the sellers pack.
I'm not sure what else I can do here? I'm already spending thousands of pounds and apparently Trinity can take up to 2 weeks to respond with the sellers pack.
My property I'm purchasing has given me a deadline of exchange next week as the sale has already been going on 4 months! Any advice????
0
Comments
-
Get the sellers pack or find another buyer and start again?
If the other side is refusing to back down then there doesn’t appear to be any option and arguing the toss will just delay things further.
I would always seek a sellers pack as it will reveal any costs that you may have to pay or any upcoming works etc. The problem here appears to be that they have been somewhat slow in asking for it.0 -
Just get the sellers pack as quickly as possible and have done with it.0
-
Stop wasting time arguing. The buyers solicitors wants the documentation and as you are selling your share, it is treated as a sale and therefore the documentation will be needed by the buyers solicitor so they can advise the buyer.0
-
Get confirmation in writing from the buyers solicitor that that is the only extra piece of information they require before exchange goes ahead and that exchange will take place within 48 hours of them receiving the pack.
If this is not acceptable say good bye and start again.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards