Seller creating impossible deadline.

bobster2

Davesquire said:

.... both my solicitor and myself are of the opinion that this is a ruse for them to remove it from the market and resell at a hgher price. 

This sounds implausible. Sellers don't need a ruse to put off a buyer. If a seller wants to withdraw from the planned sale prior to exchange and put the property back on the market at a higher price - they can just do this.

mlz1413

If HA is it a freehold property? Many are leasehold as they don't own the ground the property is on.  As in the company that built the estate often hold the title to the land and therefore you pay an annual sum to them.

Any seller or buyer can throw around deadlines, but it is often frustration. 

Ensure you have the answers you need and your solicitors is satisfied with the answers.

July to Dec actually sounds like a reasonable time span to me.  HA add a good 6 weeks onto any purchase!

theartfullodger

Seller can't force you to agree to their terms.

You can't force seller to agree to your terms.

There needs to be negotiation (give and take) or no deal.

Good luck.

ExEstateAgent

The HA doesn't want you turning the house into a - let's say - day nursery, or garage, or other such business use. Working from home in the sense of being on your laptop and phone is not going to impact anyone. 

Your solicitor doesn't sound very good if they haven't advised you on the points you're worrying over, they should know this stuff. 

Davesquire

Apologies all for the delay in responding. The "deadline" came and went. We are still negotiating.
A lot of very good advice provided by you all. Thank-you.

Davesquire

ExEstateAgent said:

The HA doesn't want you turning the house into a - let's say - day nursery, or garage, or other such business use. Working from home in the sense of being on your laptop and phone is not going to impact anyone. 

Your solicitor doesn't sound very good if they haven't advised you on the points you're worrying over, they should know this stuff. 

That's a shame. I was going to use the downstairs to test RAF fighter engines. Another plan down the drain.

Davesquire

mlz1413 said:

July to Dec actually sounds like a reasonable time span to me.  HA add a good 6 weeks onto any purchase!

  Since starting this mammoth event,  am of the opinion that we don't need to build any more houses in UK. Just give the market a good kick up the rear end and get houses shifted.
I am truly beyond shocked at how shoddy the process and many of the players involved are, considering that this is likely the single most expensive purchase anyone will make.

Davesquire

EssexHebridean said:

The Full Title Guarantee thing is a red herring - they can’t give it, and this isn’t anything out of the ordinary. It definitely doesn’t in any way stop the property being registered into your name. Who has suggested to you that it would? 

Sorry for the delay in responding. It is also about the risk of clawback as this was an ex-council property. 

saajan_12

Davesquire said:

This is despite:
- an outstanding error (?) on the transfer plan; and
 

What is the error? Historical errors can and do occur, so this may not be an easy fix and something you may need to take a view on. 

Davesquire said:

- an unwillingness to sell with full title guarantee (essential for me to register with Land Registry and protect my interest);

Not essential, no - you can absolutely do your own checks on the title, register it and deal with any charges if claimed. A full guarantee may not be something a HA can give depending on how they acquired the property. 

Davesquire said:

- unacceptable restrictive covenants, including requiring permission from them to carry out any works to the property and not to carry out any form of business (good job we're not in lockdown).
.
 

Restriction on works may be the standard policy particularly for leaseholds though I understand why you don't want it for a freehold. How much does seeking permission cost? 
Not conducting business is a standard restriction for many residential properties imposed by the council, ie you can't have customers visit, etc. So no extra restriction and something you'll have to take or leave. 

Overall the only negotiation I see is around the permission needed to do works. On the others, you're wasting their time more than the other way around and its just a case of deciding either way, so I understand the deadline. 

user1977

Davesquire said:

EssexHebridean said:

The Full Title Guarantee thing is a red herring - they can’t give it, and this isn’t anything out of the ordinary. It definitely doesn’t in any way stop the property being registered into your name. Who has suggested to you that it would? 

It is also about the risk of clawback as this was an ex-council property. 

Can you expand on this? It's not making immediate sense to me.