House Buying

stender · 05-11-2006, 05:51 PM

Been in the process of buying a house since July.
Made an asking price offer on a house we really wanted, which was accepted .
We then Lost the buyer on our house 3 times!, then finally found a buyer who looked kosher.
Was a couple of weeks away from exchanging contracts on friday and were out shopping for new kitchens etc....when the owners of the house we wanted decided they no longer want to sell as prices were rising and they had decided to rent it out instead!!!!!!!!!!!!!!

£2000+ down the drain in fees etc.... and prices where we were looking are now beyond us!!!

The UK house buying/selling laws need changing! £2000 wasted and it could happen numerous more times! How wrong is that?

I wanna start an e-petition. Anyone think of a decent available domain name to use?

tifosi · 05-11-2006, 06:21 PM

could let you borrow propertychain.co.uk

S

stender · 05-11-2006, 06:34 PM

Thanks for the offer m8. I better get one thats free as I don't know how long i'd have to run it for.

olebean · 05-11-2006, 06:53 PM

DownTheDrain.info free to reg

Ellis · 05-11-2006, 08:01 PM

This is one of the reasons new build houses sell extremely well despite poor quality design and fittings ( in most cases )

denchomsky · 05-11-2006, 08:33 PM

I feel for you stender, i should be exchanging on a flat i have been buying since july in london tomorrow!. should have happened last week but the solicitors seem to get a bit slower when they have 25.000 of you money in their bank account! i wonder why?.

If what has happened to you happened to me i would be screwed.

I reckon house prices have gone up 5%-10% where i have bought in the last 3 months and it is always a worry until the exchange is done.

Fingers crossed.

olebean · 05-11-2006, 09:19 PM

Quote:

Originally Posted by denchomsky

I feel for you stender, i should be exchanging on a flat i have been buying since july in london tomorrow!. should have happened last week but the solicitors seem to get a bit slower when they have 25.000 of you money in their bank account! i wonder why?.

If what has happened to you happened to me i would be screwed.

I reckon house prices have gone up 5%-10% where i have bought in the last 3 months and it is always a worry until the exchange is done.

Fingers crossed.

Den

Not many people know, but you are entitled once complete to ask your solicitor for any accrued interest on your money that he held......

I did I was surprised to get just under £100

denchomsky · 05-11-2006, 10:13 PM

Thanks for that Olebean, i will be sure to bring that up with my solicitor, I am sure they will be very happy.

Ellis · 05-11-2006, 10:27 PM

Quote:

Originally Posted by olebean

Den

Not many people know, but you are entitled once complete to ask your solicitor for any accrued interest on your money that he held......

I did I was surprised to get just under £100

That's standard!

When conveyencing, solicitors are required by law to hold all funds in a "re account"

You'll always get interest back

apd · 05-11-2006, 10:56 PM

Here in Oz, most property is sold via auction. So on the day (generally a Saturday) potential buyers all stand around the front of the house and the estate agent stands on a box and then starts the bidding, once sold it is sold so there's no gazumping. You pay 10% deposit on the day and you have a month to pay the rest.

If the UK did this, I sure it would save a lot of time, money and heartache.

05-11-2006, 05:51 PM	#1
stender Join Date: Nov 2005 Posts: 1,178 No Classified Ratings Domain Trader Rating: (67% / 1)	House Buying Been in the process of buying a house since July. Made an asking price offer on a house we really wanted, which was accepted . We then Lost the buyer on our house 3 times!, then finally found a buyer who looked kosher. Was a couple of weeks away from exchanging contracts on friday and were out shopping for new kitchens etc....when the owners of the house we wanted decided they no longer want to sell as prices were rising and they had decided to rent it out instead!!!!!!!!!!!!!! £2000+ down the drain in fees etc.... and prices where we were looking are now beyond us!!! The UK house buying/selling laws need changing! £2000 wasted and it could happen numerous more times! How wrong is that? I wanna start an e-petition. Anyone think of a decent available domain name to use?

05-11-2006, 10:56 PM	#10
apd Join Date: Mar 2005 Posts: 652 No Classified Ratings Domain Trader Rating: (100% / 3)	Here in Oz, most property is sold via auction. So on the day (generally a Saturday) potential buyers all stand around the front of the house and the estate agent stands on a box and then starts the bidding, once sold it is sold so there's no gazumping. You pay 10% deposit on the day and you have a month to pay the rest. If the UK did this, I sure it would save a lot of time, money and heartache. __________________ Domain Names For Sale

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05-11-2006, 06:21 PM	#2
tifosi Join Date: Oct 2004 Location: Lancashire Posts: 1,101 No Classified Ratings Domain Trader Rating: (100% / 5)	could let you borrow propertychain.co.uk S

05-11-2006, 06:34 PM	#3
stender Join Date: Nov 2005 Posts: 1,178 No Classified Ratings Domain Trader Rating: (67% / 1)	Thanks for the offer m8. I better get one thats free as I don't know how long i'd have to run it for.

05-11-2006, 06:53 PM	#4
olebean Join Date: Nov 2005 Location: Rarotonga Posts: 2,252 No Classified Ratings Domain Trader Rating: (100% / 1)	DownTheDrain.info free to reg

05-11-2006, 08:01 PM	#5
Ellis Join Date: Aug 2005 Location: Big Brother might be watching me, but I 'ain't watching Big Brother! Posts: 791 No Classified Ratings Domain Trader Rating: (100% / 3)	This is one of the reasons new build houses sell extremely well despite poor quality design and fittings ( in most cases )

05-11-2006, 08:33 PM	#6
denchomsky Join Date: Dec 2005 Posts: 952 No Classified Ratings Domain Trader Rating: (100% / 10)	I feel for you stender, i should be exchanging on a flat i have been buying since july in london tomorrow!. should have happened last week but the solicitors seem to get a bit slower when they have 25.000 of you money in their bank account! i wonder why?. If what has happened to you happened to me i would be screwed. I reckon house prices have gone up 5%-10% where i have bought in the last 3 months and it is always a worry until the exchange is done. Fingers crossed.

05-11-2006, 10:13 PM	#8
denchomsky Join Date: Dec 2005 Posts: 952 No Classified Ratings Domain Trader Rating: (100% / 10)	Thanks for that Olebean, i will be sure to bring that up with my solicitor, I am sure they will be very happy.