Help - buyer wants to stay on after completion??????`

kj*daisy

What happened??!!

Den

It took long four pages to read this thread to find out that there's not final news... I hope everything went smooth and you are busy thinking how to deliver your successful news to your fellow MSEs :j

takoo

You really do need to talk to your solicitor. You may breach your insurance contract by allowing them to stay in possession and /or your funding contract. In any case your solicitor will ensure:

• the original contract is observed as appropriate, or
• a properly contracted arrangement is made,with appropriate safeguards and payment ("licence to stay fee")etc and the other party's payment of your solicitor's fees on the agreement.

However, these days the seller should have no difficulty in getting somewhere to stay overnight and to store their possessions - self-storage is all over the place.

After all they will have your money for the house.etc to stay at the Savoy.

A tip in these situations - Look for the worst downside situation - if they don't go for one day, two days... two weeks...!

PasturesNew

To the last poster ... and any after this. The Friday referred to was 2 days ago.

So it's game over.... we just want to know the result.

Keeping_Positive

Hoping all went well and they are knee high in boxes etc at the moment and not even thinking of going online. I still want to know how it went though!

takoo

The point about going to the property shortly before the time of completion, ie on completion day is a good tip. (I have always had a completion time on the day of completion.)

You may find:

• vacant possession is not likely because a tenant has not vacated
• garden plants, fittings and other items have been packed to be taken by the vendor (despite not being mentioned in the Contract)
• the property has been damaged in some way.

Takoo

[Deleted User]

tick tock, tick tock...
I hope that the OP is busy unpacking.

guppy

Maybe they don't have phone/internet yet...

Strapped

Waiting for the result...


(We moved in March. Our sellers were moving abroad and didn't want to move out until end of April but we needed to complete by end of March for mortgage purposes. We asked our solicitor whether it was possible to rent to them for a month since we were in rented accomodation ourselves anyway and he nearly fainted. Needless to say, he told us it was illegal due to the vacant possesion bit on the mortgage conditions and that was that. We had to fork out some £££s to get them to agree to move to a hotel which was a shame but at least it settled the matter.

Oh, and when I bought my first house, it was from the brother of someone at work. He had been renting the place out, and had loads of stuff in the garage which he never collected and I had to sort through and pay someone to remove most of it. The person at work had the nerve MONTHS later to ask whether I still had "her mum's" sideboard in the garage and could she have it back. My answer, yes MY sideboard looks very nice now in my living room, thanks.)

kunekune

Although, given the way it has gone since the original post, the concerns here were very legit, I have done it the way suggested by the vendor and it has worked fine. Our last house but one, both completions were on the Friday but close to 5pm, and we knew they were likely to be close to 5pm. We stayed in our old place that night, although we knew the new house was empty. Everyone moved in relative comfort on the Saturday and nothing went wrong (well, it was a bad move in many ways, but not for that reason). It was a relief, because I'd been in hospital for day surgery on the Thursday, and was not supposed to lift anything, etc, it was much easier getting help on the Saturday. The one time we did try to do everything on the same day, our buyers insisted on getting in at 12, at which time our purchase had not yet completed for some reason. We were sat outside the empty new house waiting for a call, and it was getting closer and closer to 5pm. The keys were held at a solicitors rather than an EA and once it passed 5, we wouldn't get them. In the end, I went for a walk (as a lawyer, I didn't want to know, LOL) and had a coffee. When I got back, hubby was still outside the house but the removal van was gone, and all our stuff had mysteriously got inside via a window that had been left open! A few minutes later, we were able to get the keys (this was before everyone carried phones, which didn't help). Not legal, but certainly saved us a weekend in a hotel.