The nervous wait to exchange....
- Thread starter noj
- Start date
Why are prices so inflated/ing in Glasgow all of a sudden? We bought (not completed yet) in the midst of the stamp duty craziness and paid under asking in west London. Other houses around here have gone for under asking tooI'd understand places like 35mins drive out of a city, in the countryside etc being over-inflated what with everyone on the WFH bandwagon
I don't know if anyone remembers my GDPR issue with the solicitors we had been recommended, but I am feeling very thankful that perhaps these things happen for a reason. The solicitor we are with now is absolutely brilliant. If we send an email on the evening, she's mostly replied by 9am the next morning. She's taken our calls every time I've tried, even looking through paperwork to answer my questions there-and-then, and generally just been very communicative. 4 weeks to exchange with her, not bad eh. Just gotta complete now, so I'm still crossing fingers and toes and touching wood
Im not sure really. Glasgow has always been pretty cheap to be honest, especially when compared to similar cities in England. Flats are going up in price rapidly in a few areas (we’re in one of those areas), and I suppose that pushes up house prices. It’s pretty crazy.
We’ve been trying to buy nice period properties, but I think we’re going to start looking at newer ones now. Trouble is we’re both used to tenements so big high ceilings, nice floors, original features, chunky walls. Whenever I go into a house built after the 60s it seems incredibly small!
Commissario
I finally feel comfortable posting in this thread.
My mum died in early January, we got her house on the market on the 25th January and a sale was agreed on the 28th January.
It took us a while to get it completely cleared and we finished that about six weeks ago.
Exchange was last Thursday (3rd June) and we've completed today.
I've been a bit twitchy for the last few weeks.
My mum died in early January, we got her house on the market on the 25th January and a sale was agreed on the 28th January.
It took us a while to get it completely cleared and we finished that about six weeks ago.
Exchange was last Thursday (3rd June) and we've completed today.
I've been a bit twitchy for the last few weeks.
Mate put his house up for sale this morning, 10 viewings booked in 90 mins
Next door neighbour 8 viewings and sale agreed within 24 hrs
it's all going bonkers
Back in November I put my flat in Inverness up for sale. It went live at 9.00AM, was sold over asking at noon. Written offer received and accepted.
It's just been sold again with a home report valuation 15% higher than it was 6 months ago.
Supposed to be exchanging today and completing next Friday, but - there's always a but isn't there? Bottom of the chain buyer seems like they aren't able to send funds to their solicitor with 4 days notice and they won't be sent until Monday for whatever reason. Top of the chain have flat out refused to exchange unless there is a full week between exchange and completion. Guess I (and the rest of the chain) better start seeing if we can rebook removals and everything else.
Good luck this is a nightmare - our date changed three times. The removal company we had booked with originally could not do new date so we had to find another, luckily the only date they had free this month was the date they we were moving.
Soldato
Can you ask why the reason for refusing anything shorter than a full week?
As first time buyers coming out of rental we refused less than 4 weeks on basis that we'd be paying rent and mortgage concurrently for too long otherwise as we didn't want to give notice on leaving flat until we'd exchanged. When the top of the chain offered to pay for a chunk of our rent for us, we were happy to reduce the gap. Worth asking to see if something can be done.
My solicitor has already asked.
I have a colleague who is a solicitor who was explaining almost this exact situation to me the other day, as the same thing occurred when he purchased his place.
We work in the insurance industry so he was able to approach a specialist broker directly and resolve this.
If you wanted to be helpful, you could recommend to the third party that they do this, and matters should be easily resolved... or they can continue to be an utter **** about things, have the sale fall through and **** away the sizeable amount they've spent on legal fees to date.
Soldato
You have their 10% deposit though, right?
Soldato
A specialist broker is a very good shout, that's interesting.
Does that 10% get transferred from their solicitor to mine at point of exchange as a matter of course? I vaguely remember seeing that but don't know the specifics for my case.
If that is the case, then it makes sense, because having been served notice and a strongly worded email from my solicitors (finally), they appear to have caved, and sent an email at 17:00 today saying they will pay in full and have sent the funds, and can we complete today. Just LOL tbh.
I don't mind it going through on Monday, as long as we get over the line.
I do wonder what I am allowed to write in an email to the partner of this family law firm who things he's a big boy shark to hound me over 5 grand, that won't constitute anything he can turn around and try and sue me for. Any tips on that?
Because I really want to tell him to sit the **** down, having alleged all sorts of things against me and my layman's response being good enough to shut him the **** up. And that what he did basically amounts to extortion, seeing as he must now recognise that it was clear all along I had done none of the things he alleged and that his 5 grand demand was an empty threat.
Don't normally get heated on this sort of stuff, but as you can tell, this one has got me going.
I now get to join the "nervous wait" to complete in June before the stamp duty holiday ends.
Short chain of 3 people including a first time buyer (we're moving into new build), we are ready to exchange on both our purchase and sale.. and today the buyer at the bottom raised a bunch of inquiries on their purchase.
FFS! We have a few days left to exchange and still manage to complete this month though...
Short chain of 3 people including a first time buyer (we're moving into new build), we are ready to exchange on both our purchase and sale.. and today the buyer at the bottom raised a bunch of inquiries on their purchase.
FFS! We have a few days left to exchange and still manage to complete this month though...
Make sure you put the lottery on if it comes through before end of June
We've finally exchanged! Should have done it a week or so ago however the solicitors at the bottom are completely inept. The move date is the 24th, removals rebooked, Fibre 900 already up and running, Sky move booked. I think next time I'm going to move to rented as it is really quite stressful!
Associate
We exchanged today with an agreed completion on 29th June. It’s been a bumpy road over the past 11 months, with one aborted sale of our property and two abortive purchases on our side due to irreconcilable issues in the legal packs, but third time lucky. Here’s to getting in and on with life again
Soldato
"Proposed" completion date of 25th although I am beginning to doubt if we'll make this. Doesn't bother us too much as were FTB so no impact from stamp duty.
To be honest I've been fairly disconnected from the process for a few weeks now as it's all in the hands of the above chain. No removals stress or anything either and we live 10 min drive away so should be straightforward when it actually comes to it..
Cross your fingers for us folks!
To be honest I've been fairly disconnected from the process for a few weeks now as it's all in the hands of the above chain. No removals stress or anything either and we live 10 min drive away so should be straightforward when it actually comes to it..
Cross your fingers for us folks!
Soldato
We are planning to relocate. Found a new build which is a few years old and offered 5k below bottom end of guide price which was refused. Than 8k below middle of guide price and now 2k below. Don’t think the completion of sale will go through before the stamp duty holiday ends but we’re in a good position to buy cash. Hope we do get it as the house is perfect for us.
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Soldato
Woo, completed on sale and purchase this morning! Removals people just finishing up the packing now so we can stop being squatters in our old flat