Bloody hell , some going that !My tenant moved out yesterday.
Seemed he found a house, had an offer accepted, exchanged and completed all within 7 days.
Certainly is,i would think getting the money back would be a right chew on and could would take quite a while but to be expected i suppose.
Did he get a survey? Doesn't sound like it.My tenant moved out yesterday.
Seemed he found a house, had an offer accepted, exchanged and completed all within 7 days.
Took me 13 weeks but that was Covid related. Was waiting for searches, otherwise it’d have taken 8 weeks.
Yeah I'd say 11-13, weeks would be about right. It's clear the buyer we had were and took the piss. Legislation needs to change and I know for next time to ensure things are put in place from our point of view.
We were lucky in the fact our buyers offered full price and my offer was accepted at roughly the same time. His solicitor was an utter tosser though, never replied to mails or phone calls. Mine was spot on and proactive. Tbf ours could have been done quicker if he’d have pulled his finger out.
Definately. We've had that bother before. No point worrying about it till it happens though.
It's your estate agent's responsibility to check that the buyer has a mortgage offer in place when they put the offer in on your property.
It doesn't make any sense though, there's no reason for them to stall if the funds are in place.
After the 8th week they asked for £4000 off the agreed price. 10th week we get 40 questions off their solicitor. 2 days after that our estate agent told us they are waiting for.mortgage offer and are about to start searches. 5 days later we told them to sod off and when the estate agent tried to mediate a few days later they said they didn't want to proceed. Proper time wasters all round.
Wow. You got a source for that? That's massive.
Was just en email in work. Round up of housing news. I'll see if I can find where it came from.
No bother I'll scan bloomberg
