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House sale no chain taking 5 months
Comments
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This chasing up is what you are paying your Estate Agent good money for....
Tell em to start actively remarketing the property in order to put a rocket up your purchaser's lack of response with a date for completion?
Do you know their 'position'... presumably they are renting (as "no chain" and need to give / have given notice... perhaps they are trying to avoid paying both rent and mortgage...
Get your agent to find out why?
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My son is in entirely the same boat!He is a first time buyer and there is no chain. His offer was made and accepted in June. Still no completion date fixed."The file has been transferred to our xxxxx office..." "The solicitor working on the file is off with covid...." "The file has been transferred back to xxxxxx office" "Still awaiting search results......" And so it goes on.Not impressed and these lawyers were recommended by the Estate agent and mortgage broker or is it just the process that is so long winded these days?0
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I recently purchased a house and aside for 3 weeks for the mortgage offer to come through, the conveyancing process only took just over 3 weeks in total, no chain FTB
my solicitor was fairly straight forward, searches took the usually week or so to come back and the enquiries were raised as searches were returned.. and that was it, exchange and complete..
I think a lot of the issue with solicitors is they take on way to many cases at any one time causing severe delays0 -
Being recommended may be shorthand for 'gives us a referral fee'. So unless they're truly independent then I'd have taken that recommendation with a pinch of salt.inspectorperez said:My son is in entirely the same boat!He is a first time buyer and there is no chain. His offer was made and accepted in June. Still no completion date fixed."The file has been transferred to our xxxxx office..." "The solicitor working on the file is off with covid...." "The file has been transferred back to xxxxxx office" "Still awaiting search results......" And so it goes on.Not impressed and these lawyers were recommended by the Estate agent and mortgage broker or is it just the process that is so long winded these days?1 -
I (FTB) had my offer accepted in mid-May, and only exchanged last week. Seller's estate agent seemed to be able to get things moving when the seller's solicitor was not responding.
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You have my sympathy, I am in the same position, answered last query Oct 10th and heard zilch from the buyer since then.Credit card debt - NIL
Home improvement secured loans 30,130/41,000 and 23,156/28,000 End 2027 and 2029
Mortgage 64,513/100,000 End Nov 2035
2022 all rolling into new mortgage + extra to finish house. 125,000 End 20360 -
It’s so frustrating!!0
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We are in a very short chain and still waiting to exchange. Been ongoing since July. In our case it has been our FTB that seem to have been holding everything up recently, although not through any fault of their own.
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Willing to bet a lot of these horribly long transactions are held up by one party using these online conveyancers - a lot of them part of Premier Property Lawyers who also own JS Law, DC Law, and Advantage Property Lawyers.
These are usually 'recommended' (paid...) by estate agents for clients - and they're all absolutely dire.0 -
I would never use a conveyancer based on an EA or broker recommendation. Google reviews or TrustPilot are a better sourcelika_86 said:My son is in entirely the same boat!He is a first time buyer and there is no chain. His offer was made and accepted in June. Still no completion date fixed."The file has been transferred to our xxxxx office..." "The solicitor working on the file is off with covid...." "The file has been transferred back to xxxxxx office" "Still awaiting search results......" And so it goes on.Not impressed and these lawyers were recommended by the Estate agent and mortgage broker or is it just the process that is so long winded these days?0
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