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likely rough timeframe for chain free to complete?

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Comments

  • Slinky
    Slinky Posts: 11,124 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Our purchase of a probate completed cash purchase took 5.5 months because the vendors took so long to clear the house out.
    Make £2025 in 2025
    Prolific £592.95, Octopoints £5.20, Topcashback £393.08, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £50, Shopmium £26.60, Everup £20.32.
    Total (26/8/25) £1498.75/£2025 74%

    Make £2024 in 2024
    Prolific £907.37, Chase Int £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus ref £50, Octopoints £70.46, TCB £112.03, Shopmium £3, Iceland £4, Ipsos £20, Misc Sales £55.44
    Total £1410/£2024 70%

    Make £2023 in 2023  Total: £2606.33/£2023  128.8%




  • EssexHebridean
    EssexHebridean Posts: 24,472 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You aren't chain free - there are 3 parties in the chain - your buyer, you, your vendors. You have a simple chain, but it's still a chain. We had similar with one extra link (our FT buyer, us, our vendor, and their vendor selling an empty property). It took 5 months from the chain being complete until completion of sale, although we did have some issues with solicitors unnecessarily slowing things down. 4 -5 months would be my expectation, although clearly it can be done quicker.
    Ours was the same length as this and went through in 14 weeks from offers being accepted on our section which was pretty decent. That included a leasehold property at the bottom with a not massively helpful freeholder as well. Handily it also included the fact that our solicitor was my boss which speeded things up somewhat in a few places! 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    Balance as at 31/08/25 = £ 95,450.00
    £100k barrier broken 1/4/25
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • whizzywoo
    whizzywoo Posts: 765 Forumite
    Sixth Anniversary 500 Posts Photogenic Name Dropper
    Our house sold and completed very quickly.
    Offer accepted on 29th January 2025.
    Exchange and completion went ahead on 18th February 2025.
    BUT our buyer had cash in the bank and nothing to sell.  They didn't want to wait for the searches as they wanted to move quickly.
    We had already moved out several months earlier.

    Prior to this happening we had 3 aborted sales.  The last one was due to exchange and completed in early December but the buyer had a heart attack two days earlier and was in hospital and no one could contact him.  He decided he couldn't complete due to health reasons.

    So after 12 months from it being put up for sale it eventually sold extremely quickly.  But I think it's quite unusual for searches not to be carried out.
    "All shall be well, and all shall be well, and all manner of thing shall be well."  :) 
  • faerielight
    faerielight Posts: 1,955 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Thanks for all your comments. The buy has to give a month notice. 
    Many thanks to all who contribute on MSE :)
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