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j_misth

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  1. The main issue is that in case we exchange now and pay the deposit of 10% which is 70+K, and then for some reason we are asked to pay extra couple of days, we wont have money to pay the rest and we will fail to complete and lose the deposit. Is there any way, we can tell them that we are happy to cover their removal fees in case we change our mind ( which is their anxiety)? and do the exchange and completion on the same day?
  2. Hi, We had found a chain free property in December and agreed a price, got mortgage offers approved so on by the beginning of Feb this year. However, we suddenly learnt in Feb that the seller is not actually chain free and he was looking to by as well. Although not very happy, we waited since then and last week the sellers solicitor came back saying that they are ready and would like to exchange asap but completion is on 28th of June. Our mortgage offers ends on 30th of June, and in case this moves to 1st of July we will be paying extra 12.5 K stamp duty even we manage to extend the offer. My solicitor proposed to do both exchange and sale on the same day because he is worried that in case something goes wrong for whatever reason, we need to give 10 working days notice, and this will move to July - which means no mortgage offer and extra stamp duty so on. and the chain is not keen to do it. We are at the bottom of the chain so we are buying without selling and in case we do not buy chain will probably collapse. I cam getting tons of calls and emails from various people including agent we are buying but also others on the chain and this is really making me stressed as we have been waiting for months and the only reason we started the process was that we have been told that they were chain free in December in order to catch the end of March deadline. I am not sure what kind of guarantee we can give to the chain to make sure that this happens in some way but I am open for creative ideas without taking the risk of this moving to July. thanks
  3. Hi, We had found a chain free property in December and agreed a price, got mortgage offers approved so on by the beginning of Feb this year. However, we suddenly learnt in Feb that the seller is not actually chain free and he was looking to by as well. Although not very happy, we waited since then and last week the sellers solicitor came back saying that they are ready and would like to exchange asap but completion is on 28th of June. Our mortgage offers ends on 30th of June, and in case this moves to 1st of July we will be paying extra 12.5 K stamp duty even we manage to extend the offer. My solicitor proposed to do both exchange and sale on the same day because he is worried that in case something goes wrong for whatever reason, we need to give 10 working days notice, and this will move to July - which means no mortgage offer and extra stamp duty so on. and the chain is not keen to do it. We are at the bottom of the chain so we are buying without selling and in case we do not buy chain will probably collapse. I cam getting tons of calls and emails from various people including agent we are buying but also others on the chain and this is really making me stressed as we have been waiting for months and the only reason we started the process was that we have been told that they were chain free in December in order to catch the end of March deadline. I am not sure what kind of guarantee we can give to the chain to make sure that this happens in some way but I am open for creative ideas without taking the risk of this moving to July. thanks
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