The nervous wait to exchange....

[timmothy]

Received really bad news regarding our property we are purchasing. Thought everything was going pretty quickly and smoothly.

I purchased the title documents before offering on the property and believed the shape did not correlate to the true shape. I asked the solicitors to look into this for me. Unfortunately on the title documents of did not show the neighbor to the shape I disputed.

It has come out that this is because the whole front private garden is actually owned by the council and is registered with them.

When viewing we were never made aware of this and the estate agent blurb even mentions the large garden.

The owner has gone into a care home now but it has been maintained as their own garden.

We have asked the solicitor to look into this all for us but it is very slow. I have researched adverse possession but it all seems like a lot of stress and uncertainty.

We really loved the place but this would ruin things if your garden could become a public playground or road.

On the original estate plans in 1985 it shows that it is public land.

Not really sure of our options now. Don't want to lose our on the home but don't want the risk that the council may want their land back at some point.

 

[Mr Jack]

@timmothy If you can, try speaking to the neighbours of the house, they might know something more?

 

[HungryHippos]

Is there potential to officially purchase the land from the council here?

If the council don't want to maintain it, and it's not really losing anything for them to sell it, maybe they'd entertain it, but you may need to lower asking price a bit to enable the land purchase.

 

[ElBlan]

Just completed and got the keys to my first home. Feels a lot more real now and can commit to buying stuff to kit out the house. First off can't wait for the fibre to be installed.

 

[img]

My chain of 3 including me is driving me mad. The end seems to have got the cheapest person that works maybe 10 minutes a week to just ask for more questions.

 

[t2na]

Had an offer accepted on a house last Friday and fortunately it's no chain at all. We sold our house back in April and moved into rented - and the sellers of the house we're buying are moving into rented so it just closes the chain immediately.

Just trying to consider mortgate rates at the moment, we've passed all affordability checks with the brokers but we've been told to hold off from applying just until tomorrow to see what HSBC announce with the potential mortgate rate change as it may impact other lenders. I can't see anything massive changing - but if it can inch closer to 4.5% then it definitely helps.

 

[ElBlan]

Had an offer accepted on a house last Friday and fortunately it's no chain at all. We sold our house back in April and moved into rented - and the sellers of the house we're buying are moving into rented so it just closes the chain immediately.

Just trying to consider mortgate rates at the moment, we've passed all affordability checks with the brokers but we've been told to hold off from applying just until tomorrow to see what HSBC announce with the potential mortgate rate change as it may impact other lenders. I can't see anything massive changing - but if it can inch closer to 4.5% then it definitely helps.

I hope it’s good news today….Cries in 6.16%

 

[t2na]

I hope it’s good news today….Cries in 6.16%

4.64% is the best one we're being offered currently - HSBC and Natwest both dropping their rates has helped a little.

Potentially going to see further changes depending on tomorrow's BoE announcement too...

 

[ChrisD.]

Is there potential to officially purchase the land from the council here?

Usually they do not want to sell land. A mate of mine has been trying for a number of years to buy small piece of land from them at the end of a cul-de-sac and they are digging in their heels.

 

[SpeedFreak]

Moving day today. Have already been shifting things to the new property which is good and takes the edge off. Architect out today for our project so all go!

 

[fastwunz]

Usually they do not want to sell land. A mate of mine has been trying for a number of years to buy small piece of land from them at the end of a cul-de-sac and they are digging in their heels.

they will probably use the space for a turning circle as an excuse

 

[Azza]

Offered 9.4% below asking on a property today. So not even a nice round 10% and the agents "Oh" was rather amusing.

 

[Mekrel]

I'm getting really frustrated with the whole process of selling and buying.

Selling a leasehold flat has been an absolute nightmare. First of all, there was 10% HTB equity still left in the flat after I staircased the other 10% back into 2020 - I started the process of buying back the remaining equity in March and it was only resolved in October after months of chasing.

I thought that was the only delay to selling and felt I was in clear water, only to find out there's still CIL charges outstanding that the developer didn't pay. The council deemed the remaining CIL would be divided between the freeholder and seven leaseholders, so I've paid my share. Again thinking that was the only issue left remaining.

I've now been told there's a query about the ground rent being above £250 and the lender in the first instance wants a deed of variation with the freeholder to reduce the ground rent. The freeholder told my solicitor to speak to his solicitor, they've for some reason not replied. I've called the freeholder and he didn't really seem to know what was needed from him, but I do know a neighbour in the same block of flats took out an indemnity policy as the freeholder said no to a deed of variation.

My solicitor said they need the no in writing as I think they need to show the lender they asked, and the next solution in the indemnity. So I'm basically after the freeholder's solicitor sending an email saying "we won't enter a deed of variation".

We've been in the conveyancing stage since end of August and now our sellers are threatening to pull out if we don't exchange and complete by end of November. Nobody seems to give a **** about fixing a simple issue! Oh your chain is about to collapse and all we need to do is send an email? Oh well, I'll just sit with my thumb up my arse.

 

[radderfire]

My solicitor said they need the no in writing as I think they need to show the lender they asked, and the next solution in the indemnity. So I'm basically after the freeholder's solicitor sending an email saying "we won't enter a deed of variation".

Would paying them a visit in person help?

 

[Mekrel]

The freeholder's solicitor? I'm tempted to and they're just up the road in Thame. Problem is, will they even speak to me. I called them and explained and whilst they listened and took the name of the freeholder, they did say "we'll it's up to him to instruct us".

 

[radderfire]

The freeholder's solicitor? I'm tempted to and they're just up the road in Thame. Problem is, will they even speak to me. I called them and explained and whilst they listened and took the name of the freeholder, they did say "we'll it's up to him to instruct us".

What have you got to lose? There is nothing like turning up in person and getting face to face when you want things to start happening.

 

[Azza]

Offered 9.4% below asking on a property today. So not even a nice round 10% and the agents "Oh" was rather amusing.

And rejected. Which wasn't too surprising.

The estate agent said the vendor was really looking closer to asking and would see how things went over the next couple of weeks.

Which I thought was amusing considering 13 of the 29 properties this EA have listed have all seen reductions in price and they are locally notoriously known for overpricing.

But then they said if we had an offer on ours then that could push things a long more. We had a 2nd viewing with the vendor themselves earlier in the week and they mentioned a couple of things which they probably shouldn't have in terms of their move so we're happy to bide our time for now while we sort out listing our house.

 

[Deleted User 298457]

And rejected. Which wasn't too surprising.

The estate agent said the vendor was really looking closer to asking and would see how things went over the next couple of weeks.

Which I thought was amusing considering 13 of the 29 properties this EA have listed have all seen reductions in price and they are locally notoriously known for overpricing.

But then they said if we had an offer on ours then that could push things a long more. We had a 2nd viewing with the vendor themselves earlier in the week and they mentioned a couple of things which they probably shouldn't have in terms of their move so we're happy to bide our time for now while we sort out listing our house.

Well yeah, why would they accept your below offer asking when you haven't even listed your own house lol

 

[img]

Theres plenty of people who wont reduce the price. Near me there are 2 houses that have been on for over a year, 1 has actually put the price up by 5k and the other hasnt changed more than couple % at start. I guess they dont really want to sell as it will sell if the price is there

 

[ChrisD.]

We’ve seen a Redrow new build which will be ready next summer. It’s the style that we want and we can spec it how we want. We moved two years ago but the truth is there’s a few things about the house we’ve grown not to like which cannot be easily rectified. I expect there’ll be some haggling to be had as it’s been available for a while.