quote:

BTW, my house is in East London.

Wow....! First part of the post code???? We could well be interested!!

TM, that's why I said "if the outcome is not satisfactory" - obviously Miss C has to decide what is satisfactory to her. To me it would be a deadline in the very near future for exchange, plus a mooted completion date. If the vendors can't provide that, that would be me out. (And if they turned out to be lying about when they were capable of exchanging, it would become apparent very quickly and then I would start looking at other properties.) I agree they do not sound reliable and I would not want to pin my hopes on them (sorry Miss C, I hope I am wrong).

quote:

Originally posted by miss.clueless:

quote:

To balance that, I have paid for searches and survey on a purchase that fell through because the vendor lied.

Panic mode back on... (still no news for the last two days)

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Bring on HIPS. The purchaser should still do their own due diligence, but if the vendor has lied, you can sue their donkey off.

Really?????? First time I hear this... Go on, tell us more...

The problem now is that you have to prove they lied & when it's your word against theirs it's just about impossible. The HIP is a legal document, if any of that is untrue you've got 'em bang to rights.

As for the sale that fell through, they lied about building regs on an extension and delayed completing the SPIF until after we'd had survey & searches done. I had to chase it up with the EA 8 weeks down the line. They left the bit about BR blank, so I checked with building control - "er, what extension?" Pah! Then they tried to stick us with an indemnity policy, only you can't get one if Building Control know about the situation.

quote:

Originally posted by ILrush:
Why don't you ask if you can go round and take measurements for various bits and bobs?

I don't think I need to have such an excuse. If we go we will want to cut to the point.

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Good luck - did you have anything like this the last time you bought a house?

Goodness, no!! There wasn't even an EA involved!

quote:

Originally posted by miss.clueless:

quote:

BTW, my house is in East London.

Wow....! First part of the post code???? We could well be interested!!

E4 South Chingford/Walthamstow borders

quote:

Originally posted by Tropical_Moments:

quote:

Originally posted by SpampMan:
It's all pants. I'm in favour of an exchange race. First to cross the line wins. Until then tough. I guess that is similar to the Scottish method...
To balance that, I have paid for searches and survey on a purchase that fell through because the vendor lied. Bring on HIPS. The purchaser should still do their own due diligence, but if the vendor has lied, you can sue their donkey off.

Totally agree, but this needs to work both ways. In my experience, 90% of buyers could lie for England.

That's why I'm in favour of an exchange race. At least any lying toerag will know that if they mess around there's a good chance they will be beaten to it.

If you have a HIP you will know if a buyer is trying it on with a dodgy survey to get the price down. Likewise, if you are an honest buyer, you will know if the vendor is pulling a fast one if your survey comes back with problems.

quote:

E4 South Chingford/Walthamstow borders

Oh well, it would have been too good to be true anyway...I was hoping for E14 or E16

Never mind

quote:

Originally posted by SpampMan:

quote:

Originally posted by Tropical_Moments:

quote:

Originally posted by SpampMan:
It's all pants. I'm in favour of an exchange race. First to cross the line wins. Until then tough. I guess that is similar to the Scottish method...
To balance that, I have paid for searches and survey on a purchase that fell through because the vendor lied. Bring on HIPS. The purchaser should still do their own due diligence, but if the vendor has lied, you can sue their donkey off.

Totally agree, but this needs to work both ways. In my experience, 90% of buyers could lie for England.

That's why I'm in favour of an exchange race. At least any lying toerag will know that if they mess around there's a good chance they will be beaten to it.

If you have a HIP you will know if a buyer is trying it on with a dodgy survey to get the price down. Likewise, if you are an honest buyer, you will know if the vendor is pulling a fast one if your survey comes back with problems.

I thought the whole point of introducing HIPS (apart from making a whole new raft of 'professionals' even more money) was to speed up the system and make it more transparent. As we know that very few buyers will trust the seller's own-commissioned (and expensive) survey and will then want to have one of their own anyway, how will this significantly improve what we have now?
Far more important than HIPS, is a system whereby once an offer is made or accepted, it cannot be reneged on for no good reason, unless under pain of dire financial penalties - on BOTH sides.

quote:

Originally posted by miss.clueless:

quote:

E4 South Chingford/Walthamstow borders

Oh well, it would have been too good to be true anyway...I was hoping for E14 or E16

Never mind

E14 I understand, but E16 is dire!! Why???

quote:

Originally posted by Tropical_Moments:

I thought the whole point of introducing HIPS (apart from making a whole new raft of 'professionals' even more money) was to speed up the system and make it more transparent. As we know that very few buyers will trust the seller's own-commissioned (and expensive) survey and will then want to have one of their own anyway, how will this significantly improve what we have now?
Far more important than HIPS, is a system whereby once an offer is made or accepted, it cannot be reneged on for no good reason, unless under pain of dire financial penalties - on BOTH sides.

No argument there - let's all move to Scotland...

E16 covers quite a bit...we like the area around the expo and it's still relatively cheap because of the planes.

Same with E14, parts are crap, parts expensive, we focus on spots in between.

quote:

To me it would be a deadline in the very near future for exchange, plus a mooted completion date. If the vendors can't provide that, that would be me out... I agree they do not sound reliable and I would not want to pin my hopes on them (sorry Miss C, I hope I am wrong).

Yes, this is very sensible, thanks Velvet. I just feel so terribly low today, thanks to everyone for your support.

A friend said I should not worry so much, it's only just a house. I wish it was that simple, I am a wreck

quote:

Originally posted by miss.clueless:
E16 covers quite a bit...we like the area around the expo and it's still relatively cheap because of the planes.

Same with E14, parts are crap, parts expensive, we focus on spots in between.

Sorry, didn't realise E16 included all that area around the expo - thought it was just Barking which is not very nice at all.

Well, we had two offers on our house this afternoon - we have gone with those buyers from last night because they should be the quickest and genuinely seemed to like the house.

Trouble looming with our 'original buyer though and now I'd really appreciate some advice myself - the agent told me that she now has a new buyer in her related sale and still expects us to sell to her!
The agent has warned me that this mad original buyer wants to pay me a visit which I don't want, as there's nothing to say to her as far as I'm concerned - we've been more than patient and accommodating and she's been the one lying from the start.
As OH will be at work, should I take myself off somewhere for the day tomorrow? (she has always come round on a Saturday.)
Don't laugh, she's really big and scary & quite aggressive - I'm only little!
HELP!!

quote:

I thought the whole point of introducing HIPS (apart from making a whole new raft of 'professionals' even more money) was to speed up the system and make it more transparent. As we know that very few buyers will trust the seller's own-commissioned (and expensive) survey and will then want to have one of their own anyway, how will this significantly improve what we have now?

The new version of the HIP does not include a survey.

It will not speed things up much IMO - although at least the vendor does have to get together all the necessary 'permissions' - building control, PP etc - in advance.

quote:

The agent has warned me that this mad original buyer wants to pay me a visit which I don't want, as there's nothing to say to her as far as I'm concerned - we've been more than patient and accommodating and she's been the one lying from the start.

Whatever you do, don't lie to her. Are you sure she was lying? Or could it just have been fabricated?

I see everything from my point of view now and worry that our sellers may have had a different version told.

quote:

Don't laugh, she's really big and scary & quite aggressive - I'm only little!
HELP!!

She's probably worried that she will lose the house. You can't blame her for that. Since she was the one delaying it, tell her that.

I think it's best if you talk to her, really, she may have been lied to by others.

quote:

Originally posted by miss.clueless:


A friend said I should not worry so much, it's only just a house. I wish it was that simple, I am a wreck

I have been in a similar situation and I know it dominates your every waking moment. The worst thing is not being in control and having to depend on so many other people. If you manage to contact the vendors you may be able to assess the truth of the situation, and feel more able to make decisions and get some control back.

OMG Miss C i can't believe the EA has spoken to you like that! Why do some EA's think they can play with our lives like that!

I would do both what Velvet and Tropical Moments both advise - investigate whether they are remarketing the property, but i do think this unlikely as you are reading and waiting to exchange! Maybe it is a case of they are waiting for something else to materialise!!!!

Can you solicitor not get involved a bit more or are the sellers' solicitor just not returning your solicitors' calls!

Without delay i would contact the sellers asap - because if they are only trying to string the sale out for a few more weeks, they are "up the creek" without you! Because if you pull out they would have to start again!!!

But in the meantime, i would start looking and viewing other properties this weekend if possible!

quote:

Originally posted by velvet:

quote:

Originally posted by miss.clueless:


A friend said I should not worry so much, it's only just a house. I wish it was that simple, I am a wreck

I have been in a similar situation and I know it dominates your every waking moment. The worst thing is not being in control and having to depend on so many other people. If you manage to contact the vendors you may be able to assess the truth of the situation, and feel more able to make decisions and get some control back.

A friend of mine moved 18 months before us and every day in the playground used to tell me what was happening - and i hate to admit that it used to go in one ear and out the other - but now i've been through it myself - and have since apologised to her for not listening more! Its definitely a case of it you havent been through it you don't dont/cant understand!

OK....I have been in an unbelievable state since my last posting but thanks to BF started to pull myself together again.

We have been officially fu..&^%$@~&%$£..ed!!!

The EA called and that is all he could say, so I have no idea why.

Once I know more I will let everyone know.

Apart from conteplating a lot of different ways of: getting drunk, getting lost and winning the lottery to afford the newer house prices

I am doing fine. I think.

I think I will spent whatever I have been trying to save lately on a long holiday alone on a desert island.

OH Miss C - am really sorry to hear your bad news -

This is the type of thing thats get me really annoyed - fair enough, sometimes people have genuine reasons for having to pull out at the last minute, but to ignore you for so long is just pure F_)*&**&*ing IGNORANCE!!!!

B

Really sorry to hear that Miss C. Many of us here have been screwed one way or another. As I implied before, the way we transact property in England and Wales is dire beyond belief. HIP was almost a step in the right direction but was castrated by interested parties. We are desperate for a system that locks parties to a transaction before due diligence. Then there needs to be an exit facilitated for prescribed problems discovered during due diligence. Sounds easy doesn't it?

Scots method (correct me if i'm wrong)
"I promise to buy your house on pain of significant penalty - subject to survey" (and missives yes)

English method
"I promise to buy your house unless I change my mind for no reason whatsoever."

ok, I know it's not as simple as that - I pulled out of a purchase for a real reason - but I just wanted to make the contrast.

OK

sorry. Don't know where the last OK came from. I wasn't banging the table!

Oh Miss C - I'm so sorry to hear your news.
But I bet that as soon as you get back on track again with your next