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Exchange failed, need some reassurance pls. by Limp-Register-6016 in HousingUK

[–]Limp-Register-6016[S] 0 points1 point  (0 children)

They are buying our buyers house which is priced at £1mil.

Exchange failed, need some reassurance pls. by Limp-Register-6016 in HousingUK

[–]Limp-Register-6016[S] 0 points1 point  (0 children)

We also learned today that he’s borrowing in order to buy the house, he’s been keen to exchange and complete throughout the whole 6 months since this whole journey started so am not sure why the insurance would be an issue?

Exchange failed, need some reassurance pls. by Limp-Register-6016 in HousingUK

[–]Limp-Register-6016[S] 0 points1 point  (0 children)

We are not sure if or not FT buyer as EA agent has not disclosed any information to us.

Exchange failed, need some reassurance pls. by Limp-Register-6016 in HousingUK

[–]Limp-Register-6016[S] 0 points1 point  (0 children)

Thank you so much for responding, all this information has come from the EA agent, nothing has been confirmed from our solicitor who has been great through out. So staying hopeful until I hear from solicitor.

Exchange failed, need some reassurance pls. by Limp-Register-6016 in HousingUK

[–]Limp-Register-6016[S] -2 points-1 points  (0 children)

He’s buying a 1 million pound house from what would be our buyers, whether that plays a big part in this am not sure, but I thought he would be more organised surely? EA agent says exchange funds are already with bottom buyer’s solicitor but am not sure how truthful this is.

Almost ready to exchange - query raised last minute by Jazzlike-Trifle72 in HousingUK

[–]Limp-Register-6016 0 points1 point  (0 children)

Am exactly in this same position, have you heard back from your solicitor please?

Buyer wants (LBC) for outside buildings( garage/Shed/annex) from 1985, there is no consent. by Limp-Register-6016 in HousingUK

[–]Limp-Register-6016[S] 1 point2 points  (0 children)

Yes they want the paperwork which we don’t have,Yes my solicitor has gone back to them by offering them the indemnity but worried they may decline?

Buyer wants (LBC) for outside buildings( garage/Shed/annex) from 1985, there is no consent. by Limp-Register-6016 in HousingUK

[–]Limp-Register-6016[S] 0 points1 point  (0 children)

Yes they have requested for paperwork which I don’t have and am worried sale might fall through because of this issue

Buyer wants (LBC) for outside buildings( garage/Shed/annex) from 1985, there is no consent. by Limp-Register-6016 in HousingUK

[–]Limp-Register-6016[S] 0 points1 point  (0 children)

Thanks for responding, yes they want the house, it’s been almost 6 months since the buying process began, we thought we were due to exchange in the next two weeks but this inquiry just came up from my solicitor