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Frustrated

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Comments

  • user1977
    user1977 Posts: 18,479 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Blotto17 said:
    There’s only two options where I live - 6 months and 1 year. 
    Are you sure? What sort of tenancy do you have?
  • RnK136
    RnK136 Posts: 98 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Can anyone offer some hope to me on this?
    We are selling our late parents property (upsetting enough) and we are in a chain-free sale.
    Buyers took AGES to "sort finances" and it was over 2 months before it got passed over to solicitors.
    It was 2 weeks before our solicitor did their initial contact with buyer's solicitors, then 3 weeks to ask back some questions, then 2 weeks to answer them, now we are 4 weeks further on and nothing. I ask and it's "we're waiting on buyer's solicitors".
    It's almost 5 months since the day we accepted an offer.
    I'm so stressed that it feels like nothing is happening, or it might fall through  :'(

  • anselld
    anselld Posts: 8,688 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    RnK136 said:
    Can anyone offer some hope to me on this?
    We are selling our late parents property (upsetting enough) and we are in a chain-free sale.
    Buyers took AGES to "sort finances" and it was over 2 months before it got passed over to solicitors.
    It was 2 weeks before our solicitor did their initial contact with buyer's solicitors, then 3 weeks to ask back some questions, then 2 weeks to answer them, now we are 4 weeks further on and nothing. I ask and it's "we're waiting on buyer's solicitors".
    It's almost 5 months since the day we accepted an offer.
    I'm so stressed that it feels like nothing is happening, or it might fall through  :'(

    Best to start your own thread, but of the five months the first two were not even with Solicitors so not part of conveyancing and the remaining three months is about average for a simple chain free transaction.  Ask for more specifics on what your Solicitors still need prior to exchange and then chase those through with the Buyers.
  • Jemma01
    Jemma01 Posts: 432 Forumite
    Fourth Anniversary 100 Posts Photogenic Name Dropper
    edited 26 September at 3:12PM
    The question about nudge, yes do keep pressing.

    I'm surprised you kept the same solicitors despite losing the previous house due to poor comms from your solicitor, did I misunderstood?

    I googled, and found great reviews for my solicitor and she ran with things, we had delays due to broken chains. Process started on the 22nd of May when my offer was accepted, and completed on the 25th of Oct. It took 6 weeks in total from my solicitor, she did everything she could first 2 weeks to verify me and my funds, then waited for searches to be back, also done them within two weeks of arrival, then the completion process took another two weeks. Our side and the seller's solicitors were great abd ran with it.

    Your solicitor sounds terrible if you're only getting auto responses and not ppl talking to you.
    Note:
    I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.
    Mortgage debt start date = 25/10/2024 = 175k (5.44% interest rate, 20 year term)
    • Q4/2024 = 139.3k (5.19% interest rate)
    • Q1/2025 = 125.3k (interest rate dropped from 5.19% - 4.69%)
    • Q2/2025 = 108.9K (interest rate 4.44%)
    • Q3/2025 = 92.2k (interest rate dropped from 4.44% to 4.19%)
    • Q4/2025 = 80.7k (interest rate 4.19%)
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