The NEW waiting to exchange thread...

Getting rather peed off now. Only 3 in our chain. We have all been ready to exchange since last week but the FTbuyers buying mine are saying they can’t transer the deposit until the middle on this week. We have all agreed on a completion day too. I’m not sure what the hold up with the deposit is. Surely if you are buying a house you would have the deposit all ready. Especially if you know it’s near to exchange.

purpleparrotuk wrote: »

Getting rather peed off now. Only 3 in our chain. We have all been ready to exchange since last week but the FTbuyers buying mine are saying they can’t transer the deposit until the middle on this week. We have all agreed on a completion day too. I’m not sure what the hold up with the deposit is. Surely if you are buying a house you would have the deposit all ready. Especially if you know it’s near to exchange.

Similar situation, same stage, only 3 in our chain and only our delay seems to be a mortgage formality with our FTB - although knowing my luck, it will a deposit issue next. We've unofficially been given an exchange date of this Friday and completion date of next Friday and I really want to keep to it. And no-one is telling me what's happening. So frustrating. You could still exchange and complete quickly. Fingers crossed we both get some positive news/progress asap.

Natbag, is so frustrating isn't it, when nobody keeps you updated with progress.

We're supposed to be exchanging contacts tomorrow, but can't see it happening. Having a slight wobble about the idea of moving to a new house. Our new house is brilliant, ticks all the boxes, and we have definitely outgrown our current house. I've lived here for 16 years, and it feels like a giant safety net. The idea of moving to a new home is suddenly feeling a little bit scary!

Natbag wrote: »

Seems as though there are a few of us so near, yet so far! Fingers crossed it has been submitted today and they just haven't updated you, or at least that it gets sorted tomorrow. Get chasing them definitely.

I definitely will be. What’s slightly worrying is that it’s potentially a make or break document that our mortgage lender won’t proceed without.The solicitor said it’s highly unlikely that this document doesn’t exist unless the conveyancing when the vendor bought the property was botched - hence his confidence in proposing to complete this week.

If it doesn’t exist, it can be retrospectively obtained but at expense for the vendor and, likely, adding another couple of weeks. But if the property is unmortgageable without it, I guess they don’t have a choice.

Call from solicitor today got me excited as she usually emails so thought it was going to be that were ready to agree exchange and completion. But no, just an update:(
Everything for sale is done and both sides happy, still waiting on indemnity policy for purchase and something to do with a change of name for the vendor. She said she's still confident we can aim to complete on 3 November but then asked if I knew if the vendor had a linked transaction :eek:
But miffed with that as I thought she would already be talking about these things with their solicitor. In an ideal world I wanted two weeks between exchange and completion as I can't do things like book time off, arrange removals or most importantly confirm my son's school place without a definite date and I need time to do all that. It's looking more and more like the timing will be tight and I don't want to be the awkward member of the chain, so I suppose I'll just suck it up and crack on :cool: