Anyone know what sort of issues there could be with an environmental search? Apparently the environmental search has failed? I'm not sure if that means nothing came back, or there's an issue (I seem to have heard second hand from our estate agent, our lawyer is good, but basically doesn't see the point in involving us if there's nothing we can do about it, which is fair enough).
The nervous wait to exchange....
- Thread starter noj
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They were appointed by one of our mortgage companies without asking, they have now been fired and we are hoping our solicitor can save the day!
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Well we go up for sale tomorrow!
Feeling a little bit anxious as the new builds were wanting to move to haven't even started yet!
Feeling a little bit anxious as the new builds were wanting to move to haven't even started yet!
Soldato
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Big step!
Following on from this, nearly 3 months later, I've finally had confirmation of completion and transfer of deeds. The ex is paid, even if she did make a last minute £10k increase in what she wanted, the remortgage is done and the house is mine, I can now relax and enjoy Christmas knowing all my efforts over the last 10 months have paid off.
The solicitors have been shockingly bad but I guess it doesn't matter now. I'll be enjoying a beer or 2 tonight
Soldato
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Buying a parcel of land at the moment, it's under auction conditions so has been helpful in that we can see the searches before purchase from the agents. Been a bit stressful trying to get the funds moved along asap as we have had an in person re-valuation of our house. Stupid me assumed that it wouldn't be required as we just had it revalued 2 weeks beforehand. Offer has been issued and deposit put down.
Hopefully it will be a good investment, it's purely speculative at the moment due to the location, but there's a planning application in on the other side of town with similar circumstances, so will be intersting to see what arguments they use to get planning granted. I would love to build my own house.
Hopefully it will be a good investment, it's purely speculative at the moment due to the location, but there's a planning application in on the other side of town with similar circumstances, so will be intersting to see what arguments they use to get planning granted. I would love to build my own house.
First time buyer looking for a bit of advice.
We have set a completion date for the start of next year. Exchange of contracts was going to happen this week. I called the solicitor to make sure everything was still on track. They have advised exchanging contracts now is a bit risky.
With the threat of another lockdown. If we exchange contracts now and we don't complete because we go into lockdown, we can lose our deposit. Instead they have advised to exchange and complete on the same day. Is there any risks I should be aware of from doing this?
We have set a completion date for the start of next year. Exchange of contracts was going to happen this week. I called the solicitor to make sure everything was still on track. They have advised exchanging contracts now is a bit risky.
With the threat of another lockdown. If we exchange contracts now and we don't complete because we go into lockdown, we can lose our deposit. Instead they have advised to exchange and complete on the same day. Is there any risks I should be aware of from doing this?
Associate
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This is what is happening for us I've been pushing to exchange today but it looks like its going to be exchange and completion tommorow
Soldato
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Mortgage offer received, solicitors will be sending the mortgage deed shortly apparently...
Wish I weren't so stressed out, tail end of this year is killing me
I'd like to be a bit more rested for when things move forwards.
Wish I weren't so stressed out, tail end of this year is killing me
I'd like to be a bit more rested for when things move forwards.You will be mate, things will pause shortly with Christmas - take a couple of weeks of downtime and you know where I am!Mortgage offer received, solicitors will be sending the mortgage deed shortly apparently...
Wish I weren't so stressed out, tail end of this year is killing me
Soldato
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ThanksYou will be mate, things will pause shortly with Christmas - take a couple of weeks of downtime and you know where I am!
A flurry of activity today with receiving a copy of mortgage offer, updating the estate agents and solicitors and booking a survey for January. I reckon it'll go quiet for a bit after this.
We exchanged and completed on the same day for our first purchase in 2014. It was a bit lol as we didn't know if we were actually moving that day until about 11am but thankfully we were renting at the time and had 2-3 weeks left so we exchanged and completed, grabbed the keys and looked round, moved a few key bits over and slept in the new place that night and then did a proper move over the next day or two (weekend).
I'd absolutely hate to do it if I was selling as well and had to be out of the old place on the same day or had kids, but for a FTB who was renting it didn't really make much difference to us.
Exchange and complete on the same day is very common; I think I've done it every time.
If you're selling you also do exchange and complete for the property you're selling. The whole chain usually moves as one (or not).
Thanks both, Perrzy I'm in a similar situation really. I'm currently renting and I have this property for another 3 weeks after completion. The seller has moved to Sweden, so there's no chain afterwards. So looks like there's nothing to worry about and I just need to put my feet up over Christmas and wait now.
Was half way through completion on mine and the seller has pulled out of the sale 
seems they are going to rent the property instead.
Luckily my solicitor says they are refunding me the full amount I paid them for the searches etc which is something, but....back on the hunt -_-
seems they are going to rent the property instead.Luckily my solicitor says they are refunding me the full amount I paid them for the searches etc which is something, but....back on the hunt -_-
So you exchanged contracts? You could be due a lot more from them no? Seen as they want to be money-grabbing landlords I'd take them to the cleaners. They have essentially breached contract; https://www.samconveyancing.co.uk/n...ll-out-after-exchange-of-contracts-5225#costsWas half way through completion on mine and the seller has pulled out of the sale
Luckily my solicitor says they are refunding me the full amount I paid them for the searches etc which is something, but....back on the hunt -_-
(I'm sure you can find better explanations, thats just the first thing that came up)
Wasn't at the exchange of contract part, only got as far as searches being completed, everything was put on hold due to the holiday period. I'm getting back the money I paid 2 months ago to start the conveyancing process (after arguing on the phone for alittle) so its not cost me anything.
Exactly what happened to us, the seller was moving to Germany. Absolutely nothing to worry about and probably the most sensible way to complete in your situation.
Only thing to be aware of - our seller wasn't organised at all, so we all knew we'd almost certainly be exchanging and completing on a certain date but he hardly bothered to do anything so we turned up with the keys at 3pm on the day and half his stuff was still there! Not really a problem but very annoying that *someone* was in the house we now owned and faffing about taking the TV off the wall and loading up a van.
Yeesh! As a recent FTB who really feels like I'd finally managed one of life's achievements/aims against all odds it was bad enough our sellers left their crap in the loft. To have the guy there still, I'd be fuming! What a downer on what should have been a happy and momentous time for you. Some people have zero respect!