How long is the process for no chain?

dansubrosa

Hi everyone,

We have accepted an offer for our house to a FiB (First time buyer). We also have an offer accepted for a house with no upward chain. I have already scanned and sent over all of the required documents over to solicitors and at the moment we are just waiting to hear more from the buyers solicitors. We are moving because we want to live closer to family for support with our baby.

I'm wondering how long is the process for a no chain move usually? We are moving into a house that needs bit of work doing which I am very excited about! Everyday I am looking at ideas and thinking of how we can make the cottage our dream home!

We accepted the offer a week ago and I am already chasing things up as we just want to move as soon as possible. I've been told 12 weeks is the normal time frame?

badger09

12 weeks would be good, but you can probably add at least another 2 because of Christmas & New Year shut down.

However, its an unanswerable question really, because it depends so much on the motivation of all in the chain, the speed with which their conveyancers work, the speed with which mortgage lenders react, the speed with which LAs deal with searches etc etc.

Most of which is completely outside your control. Good luck

TBG01

Chasing after a week? Best of luck to whoever your Solicitor is.

dansubrosa

TBG01 said:

Chasing after a week? Best of luck to whoever your Solicitor is.

  Maybe chasing it up is putting it abit strongly, I emailed them to let them know I have the survey booked and asked how things were going.

But yeah, I've asked them to keep me updated on every step of the process. Maybe I'm bit too pushy.

lisyloo

12 weeks would be pretty good (without covid or omicron).
there will be searches, valuation for mortgage, enquiries etc.
I’d say 4 months minimum.
now you have the added complication of anyone in the chain (I mean admin, solicitors, mortgage people, surveyors) being off sick or not able to get to post/snail mail in the office due to WFH. The normal holdup though is just solicitors pipelining their work. A lot will depend on the quality of your buyers solicitor and there’s not much you can do about that.
all you can ask for is regular updates.

JGB1955

When selling my father's house, as top of the chain of 3, it took 10 weeks - but the bottom of the chain were particularly motivated as they were moving abroad (in the armed services) directly after purchase of #2 in the chain.   Offer accepted in November.  We ended up with exchange on a Monday and completion 2 days later (in early January).  I'm not sure I would call your situation a 'no chain move'.  There will still be pressure on your FTB (they might be in rented accommodation and need to work out giving notice) and the top of the chain might live 200 miles away and have to sort out house clearance during a pandemic....  If it's a probate job, hope that probate has actually been granted.  Otherwise, anything up to 6 months will be reasonable.....

babyblade41

our last move was just our buyers who had nothing to sell and had cash in the bank, us buying an empty house no mortgage. 
Offer accepted late October... completed Jan 14th
ETA we both had pro-active solicitors but LR had a problem to sort as the house we were buying wasn't registered and PA's cocked registration up  

TripleH

We were no chain (rent to new-build) and it took about 12 weeks for us.

During this time we had the September stamp duty window close and an issue with the valuation. The delay for us however wasn't he local searches taking time to come back.

We were also lucky that our conveyancers had handled several purchases on the estate previous (were recommended by friend and not the developer). 

The vendors solicitors didn't cause any delay to purchase (that I'm aware of) which in previous attempts by us has been the main reason for delay.

Give equal attention to both sale and purchase. Some people can cause issues by focusing too much on excitement of purchase and neglect the sale.

user1977

dansubrosa said:

We have accepted an offer for our house to a FiB (First time buyer). We also have an offer accepted for a house with no upward chain.

That sounds like a chain to me! A short one, but not no chain.

theartfullodger

No chain is where seller can sell without needing anywhere to move to (eg probate), buyer can buy without needing to sell first (eg investor buying for cash).  Just one property to be sold & bought no other properties involved. Can we all done within 1 day (especially if the ground prepared), but a couple of weeks more realistic.

In your case there is a 2-property chain.  

turnitround

We bought 12 month ago. Cash purchase so no mortgage and the property was empty with no onward chain. Put in an offer in June and completed end of November