Exchanging next week but can't complete available

Northernmummy26

Estate agent has told us we will be exchanging next week. This has been a very long sale and we have been desperate to beat stamp duty. We are willing to move ourselves in a rental van as all removals fully booked however our seller won't move themselves so we will miss stamp duty. Any suggestions? Our seller is buying a new build which isn't ready so they are staying with family 

canaldumidi

EAs don't decide when Exchange happens. Conveyancers do. Does your conveyancer say you are ready? And does your conveyancer say all others in the chain are ready?

Not really sure of the relevance of the removals. Are you saying the seller wants a gap between Exchange and Completion so as to book removals? Fairly normal.

juliedee4663

Everyone has to agree the completion date and if they can't arrange removals, aren't able or willing to move themselves and are prepared to take the risk that the sale will fall through then I really don't think there is anything you can do unfortunately.  Beating the stamp duty deadline will have no bearing on their decision as they won't be able to take advantage of that anyway if their house isn't ready.

GDB2222

Northernmummy26 said:

Estate agent has told us we will be exchanging next week. This has been a very long sale and we have been desperate to beat stamp duty. We are willing to move ourselves in a rental van as all removals fully booked however our seller won't move themselves so we will miss stamp duty. Any suggestions? Our seller is buying a new build which isn't ready so they are staying with family 

So, if you're not happy, pull out. This deal has to work for you, not just your seller.

980233

This is not remotely plausible, ignore what the estate agent is saying and 'beating stamp duty' is no reason to rush people. There is no way the people waiting for a new build will agree completion without minimum 10 days notice from the developer. 

980233

GDB2222 said:

Northernmummy26 said:

Estate agent has told us we will be exchanging next week. This has been a very long sale and we have been desperate to beat stamp duty. We are willing to move ourselves in a rental van as all removals fully booked however our seller won't move themselves so we will miss stamp duty. Any suggestions? Our seller is buying a new build which isn't ready so they are staying with family 

So, if you're not happy, pull out. This deal has to work for you, not just your seller.

Brilliant advice with everyone so far down the line in the process. Hate to be in your chain. 

GoogleMeNow

Northernmummy26 said:

Estate agent has told us we will be exchanging next week. This has been a very long sale and we have been desperate to beat stamp duty. We are willing to move ourselves in a rental van as all removals fully booked however our seller won't move themselves so we will miss stamp duty. Any suggestions? Our seller is buying a new build which isn't ready so they are staying with family 

As Canaldumidi said above.   Only your solicitor and the other solicitors in the chain can make the decision about when to exchange.  Is everyone ready, or is it just wishful thinking?

Thrugelmir

Northernmummy26 said:

Estate agent has told us we will be exchanging next week. 

If you don't exchange next week then you'll miss the 30th September completion deadline.  Only 10 working days left now. 

Flugelhorn

sounds like familiar problem, heard of a couple who are due to exchange and complete by end of September but they can't find removals for the suggested dates - lots of capacity for the first week of October I gather. 

lookstraightahead

980233 said:

This is not remotely plausible, ignore what the estate agent is saying and 'beating stamp duty' is no reason to rush people. There is no way the people waiting for a new build will agree completion without minimum 10 days notice from the developer. 

Beating stamp duty is clearly a reason for the op, rightly so, so if I was op I would threaten to pull out, and pull out if necessary.
or, op, seller could reduce price by stamp duty amount.

980233

I love these angry angry "beating stamp" rationals. It was a bonus during a pandemic,  people should always account for the normal SDLT in any purchase. I've exchanged yesterday with a a longstop but there is no knashing of teeth over missing the window after June and October.