House is SOLD!!!

Old Jun 26th 2015, 1:58 am
  #1  
BE Forum Addict
Thread Starter
 
escapedtonz's Avatar
 
Joined: Jun 2012
Location: Te Puna, Tauranga
Posts: 1,379
escapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond repute
Default House is SOLD!!!

Woohoo!!!
Negotiated a very agreeable sale price on our house in the UK and as luck would have it, by the current tenants which just makes life a whole lot easier for all concerned
No chain on either side and cash buyers
Hoping for a short, trouble free process
escapedtonz is offline  
Old Jun 26th 2015, 2:07 am
  #2  
.
 
Snap Shot's Avatar
 
Joined: Jun 2010
Location: Peterborough, Cambridgeshire
Posts: 2,744
Snap Shot has a reputation beyond reputeSnap Shot has a reputation beyond reputeSnap Shot has a reputation beyond reputeSnap Shot has a reputation beyond reputeSnap Shot has a reputation beyond reputeSnap Shot has a reputation beyond reputeSnap Shot has a reputation beyond reputeSnap Shot has a reputation beyond reputeSnap Shot has a reputation beyond reputeSnap Shot has a reputation beyond reputeSnap Shot has a reputation beyond repute
Default Re: House is SOLD!!!

Sweet As !

With the current strong exchange rate for those buying NZD with sterling, let the good times roll !

Hope you complete the sale in a timely manner without a hitch too.

Will you be clobbered for tax under the new laws in Britain ?

BTW, just out of curiosity, where in Britain is the house ?
Snap Shot is offline  
Old Jun 26th 2015, 2:19 am
  #3  
BE Forum Addict
Thread Starter
 
escapedtonz's Avatar
 
Joined: Jun 2012
Location: Te Puna, Tauranga
Posts: 1,379
escapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond repute
Default Re: House is SOLD!!!

Originally Posted by Snap Shot View Post
Sweet As !

With the current strong exchange rate for those buying NZD with sterling, let the good times roll !

Hope you complete the purchase in a timely manner too.

Will you be clobbered for tax under the new laws in Britain ?

BTW, just out of curiosity, where in Britain is the house ?
Yes excellent timing, however we're not in any major rush as we've decided to stay where we are till at least next Feb as our rental is in the primary school zone. We can move away from it once the boy has enrolled next year.
Here's hoping we get a rate of 2.5. There's a good chance as we can book a currency contract for many months and hope it hits the mark even if it is momentarily.
The tenant is on a 12 month contract that ends 24th July, and I'd say they'll be looking to complete on or before that date so they don't have to keep forking out the monthly rent, however it's only a month away so unlikely to happen although I'd like to believe the process will be quicker since there's no chain and a cash sale. They also haven't served us any notice so they have to pay us till 24th August at the moment, unless the house becomes theirs

Shouldn't be any tax implications as we purchased in 2007 and up until 2012 it was our main home. We're also losing out on the deal as the sale price agreed is £25000 less than what we paid for it so they can't sting us for any capital gain as there isn't any. We've also not been in NZ 4 years yet so don't have to declare anything to IRD.

House is in Lancashire.
escapedtonz is offline  
Old Jun 26th 2015, 3:21 am
  #4  
BE Forum Addict
 
TommyLuck's Avatar
 
Joined: Aug 2012
Posts: 1,213
TommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond repute
Default Re: House is SOLD!!!

Originally Posted by escapedtonz View Post
Here's hoping we get a rate of 2.5. There's a good chance as we can book a currency contract for many months and hope it hits the mark even if it is momentarily.
You can do this with HiFx.
TommyLuck is offline  
Old Jun 26th 2015, 3:23 am
  #5  
BE Forum Addict
Thread Starter
 
escapedtonz's Avatar
 
Joined: Jun 2012
Location: Te Puna, Tauranga
Posts: 1,379
escapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond repute
Default Re: House is SOLD!!!

Originally Posted by TommyLuck View Post
You can do this with HiFx.
Yep and a few others. Done it before using Moneycorp.
escapedtonz is offline  
Old Jun 26th 2015, 3:26 am
  #6  
BE Forum Addict
 
TommyLuck's Avatar
 
Joined: Aug 2012
Posts: 1,213
TommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond reputeTommyLuck has a reputation beyond repute
Default Re: House is SOLD!!!

Never mind me, I didn't read it right.

I missed the 'as' in the sentence I quoted.
TommyLuck is offline  
Old Jun 26th 2015, 4:32 am
  #7  
MODERATOR
 
MrsFychan's Avatar
 
Joined: Oct 2011
Location: Wellington - I miss Castles, the NHS & English school system
Posts: 8,875
MrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond repute
Default Re: House is SOLD!!!

congrats, hope it all goes well and smoothly
MrsFychan is offline  
Old Jun 26th 2015, 2:16 pm
  #8  
BE Enthusiast
 
Hazelnut's Avatar
 
Joined: Apr 2013
Posts: 567
Hazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond repute
Default Re: House is SOLD!!!

Congratulations, sending 'easy completion' thoughts your way
Hazelnut is offline  
Old Jun 26th 2015, 8:49 pm
  #9  
BE Forum Addict
Thread Starter
 
escapedtonz's Avatar
 
Joined: Jun 2012
Location: Te Puna, Tauranga
Posts: 1,379
escapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond repute
Default Re: House is SOLD!!!

Still all going well at this moment in time, however the goal posts have changed slightly as the buyers have now told our estate agent that they will need a small mortgage but have a large deposit.
We were led to believe they were cash buyers and had the money in the bank. Good job we didn't fall for that patter and declined their first offer based on that.
Just means there may be a short delay as the mortgage company will need a survey and valuation done - not that anything will come of them. They'll also have to have all the searches and reports completed through their solicitor but hey ho we'll get to the end I'm sure.
They're paying us a grand a month to live there anyway so any delay means they're paying more.
escapedtonz is offline  
Old Aug 22nd 2015, 9:32 am
  #10  
BE Forum Addict
Thread Starter
 
escapedtonz's Avatar
 
Joined: Jun 2012
Location: Te Puna, Tauranga
Posts: 1,379
escapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond repute
Default Re: House is SOLD!!!

So it's about 9 weeks down the line now after agreeing the sale of our uk house and we've still not exchanged contracts!!!
Jesus.....why does it take so damn long to sell a house in the uk?
As far as I know the buyer is also pulling their hair out over the process even though it's their solicitors daft questions to our solicitors that are delaying everything.
Seems our buyer has spat his dummy out and has demanded contracts are exchanged next week no matter what and no matter whether his mortgage company are on board or not so we'll see what transpires.

Just wish it was all over and done with.
At least we know there's nothing wrong with the house foundations or structurally that could halt the sale but we didn't count on solicitors being completely anal about every minute detail.
escapedtonz is offline  
Old Aug 22nd 2015, 9:40 am
  #11  
MODERATOR
 
MrsFychan's Avatar
 
Joined: Oct 2011
Location: Wellington - I miss Castles, the NHS & English school system
Posts: 8,875
MrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond repute
Default Re: House is SOLD!!!

well if its their solicitor they need to be getting their fingers out, tell your estate agent that if it is not completed next week then you want active viewings to begin again.
MrsFychan is offline  
Old Aug 22nd 2015, 9:19 pm
  #12  
BE Forum Addict
Thread Starter
 
escapedtonz's Avatar
 
Joined: Jun 2012
Location: Te Puna, Tauranga
Posts: 1,379
escapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond repute
Default Re: House is SOLD!!!

Had another message last night.
Seems the buyer (who is also our tenant) is as pissed off as we are with all the delays and has stated he wants to exchange contracts next week regardless of what questions remain outstanding from his solicitor and regardless whether or not his mortgage company is on board......apparently the survey was only done yesterday.
Questions raised are complete nonsense in our opinion so we'll see what happens this week and wait for the next update.
escapedtonz is offline  
Old Aug 25th 2015, 7:46 pm
  #13  
BE Enthusiast
 
Hazelnut's Avatar
 
Joined: Apr 2013
Posts: 567
Hazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond reputeHazelnut has a reputation beyond repute
Default Re: House is SOLD!!!

Really hope the solicitors manage to pull their fingers out their proverbials and complete for you.
Hazelnut is offline  
Old Aug 25th 2015, 7:56 pm
  #14  
MODERATOR
 
MrsFychan's Avatar
 
Joined: Oct 2011
Location: Wellington - I miss Castles, the NHS & English school system
Posts: 8,875
MrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond reputeMrsFychan has a reputation beyond repute
Default Re: House is SOLD!!!

least as the tenant its highly unlikely that they will pull out of the deal.
MrsFychan is offline  
Old Aug 26th 2015, 10:24 pm
  #15  
BE Forum Addict
Thread Starter
 
escapedtonz's Avatar
 
Joined: Jun 2012
Location: Te Puna, Tauranga
Posts: 1,379
escapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond reputeescapedtonz has a reputation beyond repute
Default Re: House is SOLD!!!

Originally Posted by MrsFychan View Post
least as the tenant its highly unlikely that they will pull out of the deal.
Yes we thought that. They want it all done and dusted ASAP as they are paying rent and September is due now so obviously they don't want to have to shell out another 1000 pounds. They want to own it before that payment has to be made.

The most up to date message we have is that the tenant/buyer emailed their solicitor beginning of the week and instructed them to exchange contracts ASAP, regardless of what issues were outstanding
So with that, their solicitor contacted the agent to state that his client is ready to complete....why the frig they can't just speak directly to my solicitor I dunno...idiot's.
Anyway, so I got a message off the agent saying they're all ready to go so I then contacted my solicitor and asked them to ring the other solicitor directly and to sort it out between them and exchange contracts ASAP.
That was on the morning of the 25th (UK time) and since then no further updates.

Getting there slowly
escapedtonz is offline  

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.