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Anything we can do to speed up exchange

pioneer22
pioneer22 Posts: 523 Forumite
Part of the Furniture 100 Posts Combo Breaker
in House buying, renting & selling
We're selling a leasehold house to a cash buyer and buying a vacant house.

Is there anything we can do now to speed up the process we instructed solicitors on Friday and have signed their client care pack. Providing ID tomorrow.

Anything we can do now to speed the process up? We're hoping to be in by Xmas.

Comments

  • diggingdude
    diggingdude Posts: 2,499 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    You can cross your fingers
    An answer isn't spam just because you don't like it......
  • eddddy
    eddddy Posts: 18,213 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Tell your seller and your buyer that you want to complete by Christmas, and ask them if they're happy to aim for that timescale as well.

    If they are both happy with that, then tell both EAs and your solicitor that everyone has agreed to aim for that timescale. (And urge your seller and your buyer to tell their solicitors the same thing.)
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    pioneer22 wrote: »

    Anything we can do now to speed the process up? We're hoping to be in by Xmas.

    Action everything requested promptly.
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You're selling a leasehold property and that is likely to be cause the biggest hold up, everything else being well.

    If it happens before Xmas it will be great but no one is in charge here. Your respective solicitors need to trudge through the enquiries and all you can do is answer questions promptly when asked and pay your bills on time.

    Aiming too hard for something out of your control is setting yourselves up for a fall. Christmas happens next year too and no one really needs an excuse for a party in the meantime.

    Chill, is my only advice.
    Everything that is supposed to be in heaven is already here on earth.
  • theartfullodger
    theartfullodger Posts: 15,790 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Tell the £10k off if they complete by a particular date.


    Well you did ask...
    Anything we can do to speed up exchange
  • Mutton_Geoff
    Mutton_Geoff Posts: 4,038 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 24 September 2019 at 1:03PM
    pioneer22 wrote: »
    We're selling a leasehold house to a cash buyer and buying a vacant house ..

    Anything we can do now to speed the process up? We're hoping to be in by Xmas.


    Get a bridging loan so your purchase is not dependant on your sale. And cross your fingers and toes your sale doesn't fall through leaving you with expensive finance and mortgage to pay on the unsold property.
    Signature on holiday for two weeks
  • AlexMac
    AlexMac Posts: 3,066 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The "Leasehold property enquiries" (LPE1) that your freeholder has to complete could be a sticking point, as can be any tricky questions which the buyer or their solicitor then raises of the freeholder.

    Assuming you know who the freeholder is, how about a bit of constructive creeping to them? But make sure your own solicitor gets their fingers out too
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    Chase, chase again, then tomorrow and the next day, then chase on Monday and Tuesday, and then chase again.

    Don’t let your file be a cup coaster for 6 weeks.

    Then chase again.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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