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Bumps in the road - Tell us your woes

As the title suggest, I'd be interested to hear about the trials and tribulations of buyers/sellers.

To kick off. We are buying a house that is one of two in a postcode. There is a shared track that needs resurfacing. After a few weeks of negotiations, we are looking at £10.5K (each household) for the work - half taken from the purchase price we are paying, so £5K from us. If that wasn't stressful enough, the people who are buying our house pressed the pause button on the process as their mother was taken ill - understandable but unwelcome.

Having passed those roadblocks, we now discover that the cesspit needs to be replaced. This was not highlighted during the survey and not by our seller's solicitor. Apparently there is a new regulation that requires cesspits (of the type we will inherit) be converted to a 'treatment plant'. We are looking at another £3k-£8K for this. This news was as welcome as a fart in a lift.

Did I mention that our buyers, the ones that pressed pause a few weeks ago, are now badgering us daily for a completion date?

I am sure that the above tribulations are mild compared to some, but goodness me, it's amazing how stress can just pop up out of nowhere!

So whats your horror story?

Comments

  • We're selling our leasehold flat, which we've owned for fifteen years. The flat comes with a garage, but unfortunately a Land Registry error has resulted in our garage being added to our neighbours' plan instead of ours.

    Initially, assuming it was an old solicitor error, we were going down the deed of variation route. But then our solicitor blew up the Land Registry image (as in magnified, not exploded) and discovered faint cross-hatching on our neighbours' plan where the garage is located, showing that the garage should never have been included in their plan. So, a Land Registry error.

    We've owned the garage for fifteen years. We've used it for fifteen years. Our neighbours have known for fifteen years that it is our garage. But in order to rectify the mistake, Land Registry have sent a notice to our neighbours, who have the option to object to the plans being corrected and have fifteen working days to do so.

    So, everything has stalled until that's sorted out.

    Hopefully, that will be our one big selling glitch (she says, tempting fate). But we are selling our house too, so there's probably a lot of room for more fun and games in the months ahead. :undecided
    Selling up and moving to the seasaw. Mortgage-free by 2020 :)
  • Okrib
    Okrib Posts: 166 Forumite
    Combo Breaker First Anniversary
    All kinds of things (I used to do this for a living).

    One in particular springs to mind. It was in a rising market and a house which had a leasehold parking space but the vendor had no paperwork for the parking space, no idea of how long the lease was, and once we had the deeds from the Land Registry it was impossible to track down the freeholder to get them to confirm various bits of information required to satisfy the solicitors. Ended up making phone call after phone call, going to offices to try and get all this information which the seller should have had. Delayed the purchase by approx 2 months.

    Finally get all the paperwork in place to the satisfaction of the solicitors, ready to exchange, when the vendor decides they want an additional £100,000 due to the time it has taken and the prevailing market conditions. Bear in mind this delay was entirely caused by them not having the paperwork in place in the first place, and almost caused the deal to collapse.

    Buyer understandably was fuming and withdrew his offer and went off looking for other houses / flats. But a week later he returned and paid the extra £100,000 and bought the house.
  • ThePants999
    ThePants999 Posts: 1,748 Forumite
    First Anniversary Name Dropper First Post
    First property I bought was a tenth floor ex-council flat, was buying for £110K. Was close to exchange when my solicitors discovered that the council were soon to start balcony renovations for which each leaseholder had been notified they would have to contribute about £10K (and it certainly wouldn't add £10K of value - or indeed a tenth of that - to the property). Vendors claimed to have no knowledge of it, a blatant lie. Nearly pulled out until they agreed to knock most of it off the asking price.

    Second property I bought, the vendors weren't originally planning to sell until we knocked on their door to ask about the area after viewing their next door neighbour's house, and they invited us in and then offered to sell us theirs instead, which was nicer, for £10K less. Then shortly before exchange they realised they had a £10K early repayment charge on their mortgage, and tried to pull out. (We decided to pay £10K more rather than lose the house, since that "merely" brought it back up to market value.)
  • We’re buying my grandparents house, with our deposit being gifted via transfer of equity. Everything seems to have moved so slow between both sides solicitors. My grandparents solicitors, especially, have been sending documents for them to complete with absolutely no help at all - they’re full of legal jargon.

    There’s been a never ending saga regarding solar panels on a lease scheme, which we are nearing the end thank god. Just hoping the solar company will grant a deed of postponement on the charge they’ve put on the leasehold.

    There’s now an issue where my grandparents have signed a gift declaration, which doesn’t specify whether the gift is monetary or transfer of equity. The mortgage is offered on the basis that the property is registered at 118k (valuation and how much we are buying it for), but our solicitor is refusing to register it at this amount and will only register it at 103k (118k minus the transfer of equity).

    HMRC have even confirmed they’re happy for the property to be registered at 118k fort SDLT purposes. No duty is due either way and a declaration is in place.

    Once these 2 issues are resolved, I’m praying we can move on to exchange.
  • cloo
    cloo Posts: 1,291 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Had plenty!

    First attempted purchase, vendor lost her job so had to take house off market.


    When husband and I first bought a place together, we found the recent leasehold extension hadn't been registered with Land Registry, cue another few weeks to sort that out.


    Then when we came to sell it, we'd developed a small patch of knotweed just on the 7m boundary, which husband had treated for 3 years and we were just on the edge of the time when it would be considered gone for good, but had to declare it. Couldn't get it treated with a mortgage-backed guarantee scheme, as there was nothing to treat! Fortunately our buyer in the end was unphased and it was clear by then it had not returned for well over a year.


    We also had a 'mare in that our neighbours had relined their basement since we moved in, and I think this caused a small bit of water from an underground stream to pass through a corner of the cellar. This was *such* a pain, we lost at least 3 potential offers just because of this tiny trickle of water, even after we had a specialist surveyor in who reported it was not a problem as the water was passing through and draining out, and the basement was never supposed to be totally dry. Again, eventual buyer was unphased, I think he just raised basement floor a bit and put in a pump in the end.


    Then we tried to buy a former rental place where the owner was blatantly continuing to show it after accepting our offer and the agents were aggressive nightmares. Fell through when we lost our buyer, and nearly got back on track again once we found our buyer, but aggressive vendor agent blamed our agents for 'not keeping them informed' for accepting another offer. We'd never had got it anyway, they'd clearly have sold it under our noses to a higher offer half an hour before exchange without a second thought!


    Purchase of our current house and sale to last buyer (I still thank heavens we found him, we could have been stuck there for years more due to the stupid water and the stupid knotweed otherwise) went very smoothly though.
  • ah93
    ah93 Posts: 15 Forumite
    Currently buying a former rental property. Offer accepted. At survey and searches stage. The seller called me 2 days ago that he has to re-advertise it to let, for insurance/ legal reasons, with no intention to entertain any queries as he wants to sell the house to us. Seems very dodgy and by the sounds of it that we are about to lose our dream home :(
  • shinytop
    shinytop Posts: 2,097 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Seems very dodgy and by the sounds of it that we are about to lose our dream home :(
    possibly but landlord insurance policies don't like empty properties and when you sell a house you have to prove it's insured (I recently did). S/he may just be covering their back.
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