Buyers reluctant to pay deposit

Slips36

What if the 3 solicitor keep missing phone calls or gone out when they are trying to exchange?
Totally failed to exchange contracts today, will have to wait for Monday. The whole thing has taken over 5 months with Ftb and empty house seller. 

Thrugelmir

Slips36 said:

What if the 3 solicitor keep missing phone calls or gone out when they are trying to exchange?

Offices are staffed by more than one person. 

Slips36

Thrugelmir said:

Slips36 said:

What if the 3 solicitor keep missing phone calls or gone out when they are trying to exchange?

Offices are staffed by more than one person. 

True but try ringing some solicitors and you’re on hold for ages. 
What is my best option now?
1) Still keep 5th March completion
2) Arrange new completion date.

Slips36

How can I get 3 conveyancers to get to exchange?
Failed to exchange on Friday, try again on Monday. The EA try their best but get no replies back. It’s so frustrating as you get 3 conveyancers with big egos, how do they ever get to exchange?

Slips36

Trying again to exchange today, my solicitor emailed early today at 8:07, he has requested mortgage money so has the purchasers solicitor for 5th March completion.
What are my chances today?

moneysavinghero

I've got good vibes that today is going to be your day. Good luck.

parkingadvice1212

Best of luck. If you've all got your mortgage funds requested it doesn't really matter what day of the week you actually exchange.

youth_leader

Good luck Slips36.  I've just heard from my solicitor too, I hope it happens for both of us.

Slips36

Still waiting..... how do the three solicitors exchange?
Do they agree on what time to phone?

parkingadvice1212

Slips36 said:

Still waiting..... how do the three solicitors exchange?
Do they agree on what time to phone?

• On the day of exchange, the legal company at the bottom of the chain has to contact the next legal company up and confirm to them that they’re in receipt of a signed contract of sale and deposit funds and also confirm the terms of the sale and completion date.
• They will give the next solicitor or conveyancer up the chain a ‘release’ time to come back to them to confirm the exchange, this may be 4pm or 5pm that same day.
• The next conveyancer has to contact their client’s seller’s solicitor or conveyancer in the same way, until the one at the top of the chain has been reached.
• The exchange then needs to be confirmed back ‘down’ the chain, to reach the first legal company within the release timeframe.
• If that doesn’t happen, the exchange process will have to be re-started the next day.

https://www.theadvisory.co.uk/conveyancing/exchange-and-completion/