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  • FIRST POST
    • Mrs Z
    • By Mrs Z 31st Mar 14, 2:28 PM
    • 864Posts
    • 843Thanks
    Mrs Z
    Waiting to exchange - anyone want to join me?
    • #1
    • 31st Mar 14, 2:28 PM
    Waiting to exchange - anyone want to join me? 31st Mar 14 at 2:28 PM
    Well, we have now passed the 'mortgage application' and survey hurdle and searches are all done. As far as I know, our buyers should also have everything in order. We are now waiting for our seller to get to the same point as they found their house a fortnight after accepting the offer from us. It is nerve wrecking... anyone want to join me????!!!
Page 367
    • ST1991
    • By ST1991 14th Oct 16, 4:56 PM
    • 294 Posts
    • 136 Thanks
    ST1991
    I don't know if anyone has viewed any of my posts... but i am still waiting for exchange...

    End of January 2016 - Our offer was accepted on the property
    Plans to complete by April, when our tenancy came to an end as our landlord was selling the flat

    March 2016 - Tenants refused to move out of the house
    April 2016 - Our flat was sold, but the new owner wanted to let it out, so let us stay and pay rent pro-rata until we moved out

    May 2016 - Tenants finally moved out, but issues found in contracts regarding right of way being blocked

    July 2016 - we have to move out of our flat as landlord found long-term tenant
    End of July 2016 - We agreed to rent the house we are buying until it went through (otherwise the seller 'had' to rent it to someone else as couldn't afford to keep it empty)

    August 2016 - Still no news, rent paid again

    September 2016 - our mortgage offer is about to run out, but they extended it by a few weeks.
    Planned exchange/completion on 14th September but didn't happen. Waiting on signature from neighbors lender to remove right of way from deeds (its a terraced house...)
    Exchange didn't happen, and we apply for a new mortgage

    October 2016 - New mortgage in place, and valuation is fine.
    Plan to exchange and complete to fall in line with rent on 21st


    and breathe!

    We were supposed to exchange today... but that hasn't happened.
    Our solicitor needs an undertaking from the sellers solicitors regarding a deed of variation and a deed of release both submitted to Land registry recently regarding right of way and boundary change.

    Sellers solicitor on holiday and locum could not provide undertaking because it was 'very complicated'.


    Our solicitor has applied for mortgage funds ahead of exchange (for the 3rd time...) for completion on the 21st October...
    They plan to exchange on monday at last!

    This whole process has been sooo stressful. not to mention we cannot do anything to the house until it is ours, and it had FLEAS when we moved in, has damp in all downstairs walls and downstairs flooring in bare concrete.
    What is the point of putting down nice flooring/repairing if it can still fall through at any point
    • thegirlintheattic
    • By thegirlintheattic 14th Oct 16, 5:43 PM
    • 2,703 Posts
    • 3,509 Thanks
    thegirlintheattic
    Sorry to hear of the issues ST, LCC and Kora

    We've had some sudden progress and will be exchanging towards the middle of next week with expected completion next Friday assuming the last of the enquires come back fine. I've got everything crossed but won't believe it until it's happened.
    Save £200 a month : Oct Nov Dec Jan Feb Mar Apr
    • Korra
    • By Korra 14th Oct 16, 7:03 PM
    • 64 Posts
    • 72 Thanks
    Korra
    So didn't exchange today as planned but more annoyed that the solicitor couldn't inform me it was too late to exchange.
    Here is hoping for better news next week for all of us.
    2016: Hopefully be a FTB Complete 27.10.2016
    • Bonfire Bride
    • By Bonfire Bride 14th Oct 16, 9:31 PM
    • 697 Posts
    • 908 Thanks
    Bonfire Bride
    Colloq - did you exchange?

    Lewish - sounds like a waste of time to me. Frustrating...

    Icc86 - think some solicitors try "too hard" and end up causing delays for everyone that really aren't needed.

    appo1985 - congratulations

    Korra - It completely disrupts sleep and work. My productivity was through the floor. I'm sorry it didnt happen today.

    MissT - sorry to hear they are still messing you around. Do you have contact number of seller? Check memo of sale...after a week of the vendor not responding to EA, I text her myself. Write a letter of complaint to the EA. We were selling and buying through the same EA, so I have complained to them to try and get my sale fees reduced to help pay for the money we had already spent on the purchase.

    There is also a property ombudsman if you are not happy with the way they handle your complaint.

    Solicitor emailed me this afternoon to say thanks for docs that I handed in yesterday and that they had already forwarded this to buyers solicitor. She has also asked them to start deciding on a completion date. Exciting times.
    Mummy to 2 little boys born in 2013 & 2015

    Save 12k in 2017 - #152
    £1,500/£8000

    • BrassicWoman
    • By BrassicWoman 15th Oct 16, 10:29 AM
    • 1,125 Posts
    • 4,539 Thanks
    BrassicWoman
    Phew, all *my* paperwork sorted as of this morning.

    3 more people to be in the same place!!

    4 lumpy items freegled. 12 more boxes taped up. I am wondering if I should just donate all the things in boxes if I dont miss them before I move....?
    May GC £215/£50 (oops)
    April 2016 GC: £24.09/ £20
    • nLdn
    • By nLdn 15th Oct 16, 5:30 PM
    • 38 Posts
    • 14 Thanks
    nLdn
    So I exchanged yesterday on my 2 bed flat in London. I thought I'd add my timescale here to give some balance of experiences.

    Offer accepted 5 September. Mortgage approved a week later.

    Exchange 14 October.

    Offer to exchange, roughly 5 weeks.

    Due to complete in another 3 weeks.

    Friends who have bought have been amazed how quickly things went for me but that doesn't mean it was any less stress. Seller really dragged heels on some things but that's for another thread.

    I'm a FTB and the place I'm buying was vacant throughout thw process so I suppose that helped.

    So now I've got arrangements to make for the bit move in. Can't wait.
    • BritishBibliophile
    • By BritishBibliophile 15th Oct 16, 5:35 PM
    • 535 Posts
    • 2,415 Thanks
    BritishBibliophile
    Thank you Korra; although sad to hear I am not alone in getting emotionally attached to properties. Have you heard anymore today or do you think it's too late now to exchange?
    Originally posted by MissTasmanian
    Like you and Korra I did get emotionally attached to the house, although I generally tried to not get too excited over it. Difficult to stop yourself though, especially if it's something you've wanted for a while.

    Then we had the problems with the students refusing to leave and the resulting upset and anger really made me pull back from it all. Now our purchase is back on track but I'm refusing to look at Pinterest or consider costing up things like a new bathroom. That way if it falls through at the last minute I won't end up feeling sad that I have to change all my plans.

    That said it's easier for me because I'm living with my parents, as is my fiancee, and the house needs some work before we move in. I'd find it a lot hard to not go furniture or paint shopping if we were moving in on completion day!
    • colloq
    • By colloq 16th Oct 16, 12:17 AM
    • 131 Posts
    • 24 Thanks
    colloq
    Congrats to all those that Exchanged yesterday, ourselves included

    We've spent the last two days from morning until night ripping everything out. My hat goes out to those doing manual labour 6 days a week, my arms and legs are in pieces after two days!

    Good luck to those waiting to complete, there is light at the end of the tunnel for everyone
    • ultimatedingbat
    • By ultimatedingbat 16th Oct 16, 9:13 AM
    • 737 Posts
    • 202 Thanks
    ultimatedingbat
    Hating the waiting game...waitign to hear back what the mortgage company valued the property at vs the homebuyers report.
    • jojo9239
    • By jojo9239 16th Oct 16, 12:16 PM
    • 320 Posts
    • 226 Thanks
    jojo9239
    I've seen a gorgeous new sofa earliest date is 15th December don't know if to bite the bullet and order HATE THIS WAITING surely this one can't fall through !
    • Bonfire Bride
    • By Bonfire Bride 16th Oct 16, 1:18 PM
    • 697 Posts
    • 908 Thanks
    Bonfire Bride
    I've seen a gorgeous new sofa earliest date is 15th December don't know if to bite the bullet and order HATE THIS WAITING surely this one can't fall through !
    Originally posted by jojo9239




    It's tricky isn't it? have you got somewhere to store it?


    I have almost finished boxing up our entire house...we havn't even exchanged yet. whoops!
    Mummy to 2 little boys born in 2013 & 2015

    Save 12k in 2017 - #152
    £1,500/£8000

    • thegirlintheattic
    • By thegirlintheattic 16th Oct 16, 3:22 PM
    • 2,703 Posts
    • 3,509 Thanks
    thegirlintheattic
    I've seen a gorgeous new sofa earliest date is 15th December don't know if to bite the bullet and order HATE THIS WAITING surely this one can't fall through !
    Originally posted by jojo9239
    Will it fit in the old house or likely to fit in any new house?

    We saw one we love yesterday but are waiting until completion as the new sofa won't fit in most rooms. We have however arranged for the phone, broadband, TV to be moved to new property a week after completion (we can cancel/change date if needed) as otherwise it would likely be a months wait!
    Save £200 a month : Oct Nov Dec Jan Feb Mar Apr
    • ladymarmalade222
    • By ladymarmalade222 16th Oct 16, 4:45 PM
    • 583 Posts
    • 538 Thanks
    ladymarmalade222
    Girlintheattic. Can I ask how you managed with sorting your phone BB and TV as we are wanting to do a new order for sky but they have warned us it could terminate the current owners BB.

    We hoped we could order and change the date as needed but sky said it will definitely cause a termination of the current owners BT line.

    Don't really want 3 weeks of no services with 2 teenagers

    Xx
    • lcc86
    • By lcc86 16th Oct 16, 5:01 PM
    • 809 Posts
    • 1,462 Thanks
    lcc86
    Will it fit in the old house or likely to fit in any new house?

    We saw one we love yesterday but are waiting until completion as the new sofa won't fit in most rooms. We have however arranged for the phone, broadband, TV to be moved to new property a week after completion (we can cancel/change date if needed) as otherwise it would likely be a months wait!
    Originally posted by thegirlintheattic
    I ordered my sofa for the end of October, convinced we'd be in... Now not so sure!
    1/12/14 total £9,140 DFD 30/01/17

    http://forums.moneysavingexpert.com/showthread.php?t=5124473 - my DFD
    • jojo9239
    • By jojo9239 16th Oct 16, 6:59 PM
    • 320 Posts
    • 226 Thanks
    jojo9239
    It should do it's a simple 2 and 3 seater. My friend said she would store it for us if we weren't in by end of December x
    • thegirlintheattic
    • By thegirlintheattic 16th Oct 16, 7:24 PM
    • 2,703 Posts
    • 3,509 Thanks
    thegirlintheattic
    Girlintheattic. Can I ask how you managed with sorting your phone BB and TV as we are wanting to do a new order for sky but they have warned us it could terminate the current owners BB.

    We hoped we could order and change the date as needed but sky said it will definitely cause a termination of the current owners BT line.

    Don't really want 3 weeks of no services with 2 teenagers

    Xx
    Originally posted by ladymarmalade222
    Ours is unoccupied and currently without a phone line so no one to cut off. Our is being cut off a week before the install so we'll have a gap without services. Mobile data and work will be heavily used.

    A week was the shortest gap we could get - when we started changing dates the wait went up!
    Save £200 a month : Oct Nov Dec Jan Feb Mar Apr
    • lcc86
    • By lcc86 17th Oct 16, 7:45 AM
    • 809 Posts
    • 1,462 Thanks
    lcc86
    Good luck for today everyone! Must admit I'll be really frustrated if we don't have any progress considering how close we supposedly are.
    1/12/14 total £9,140 DFD 30/01/17

    http://forums.moneysavingexpert.com/showthread.php?t=5124473 - my DFD
    • PlaysNicely
    • By PlaysNicely 17th Oct 16, 7:54 AM
    • 101 Posts
    • 174 Thanks
    PlaysNicely


    A fresh week at it! Ours looks like being dominated by paperwork, queries, insurance quotes and all that kind of malarkey. Will organise my weekly aims a little later as only working part day today.

    Very best wishes to those of you hoping to get that exchange done and dusted this week ... and especially to you lovely people who would have exchanged last week if not for absent solicitors, fibbing estate agents and repeated queries with no purpose whatsoever - really rooting for you this week!

    BTW totally empathise with the ordering of new furniture situation, am trying to wait until exchange for essentials we'll need (as we're downsizing, lots of our current items just won't fit in) but then we'll probably be stuck into prolonged Christmas delivery dates etc.

    Positive vibes all around today ... PN x
    Last edited by PlaysNicely; 17-10-2016 at 7:56 AM. Reason: Stupid predictive whatnot changing my words!
    • ap1985
    • By ap1985 17th Oct 16, 10:24 AM
    • 323 Posts
    • 127 Thanks
    ap1985
    It's tricky isn't it? have you got somewhere to store it?


    I have almost finished boxing up our entire house...we havn't even exchanged yet. whoops!
    Originally posted by Bonfire Bride

    Haha - you sound like me...I always tend to get ahead of myself from excitement!
    Finally going to be a homeowner
    • lifeofunmumsy
    • By lifeofunmumsy 17th Oct 16, 11:30 AM
    • 22 Posts
    • 35 Thanks
    lifeofunmumsy
    Hi Everyone,

    So sorry to see some of you still didn't get your exhange last week - so frustrating!

    My situation finally has got a little clearer (I hope!). After 2.5 weeks of my sale essentially being 'on hold', my buyer phoned our EA just before the weekend and said they'd decided to go ahead with the purchase - que lots of tears of relief on my part!

    We set a completion date for a week today, the 24th and we're moving to my parents until our new house is ready to complete, as we just don't want to delay anything now.

    Thing is, I should feel relieved and happy, but last night I was awake all night terrified that it was all a dream and that our buyers would pull out before exchange.

    Currently sat at work a bag of nerves waiting to hear if we exchange today or not. Apparently all it's waiting on is the buyers funds to arrive with their solicitor. Does any one know if there's a particular time to exchange by? we aren't in any kind of chain, it's just my sale that's exchanging to cash buyers. My solicitor goes on holiday tomorrow and she's so amazing I'm dreading what will happen if it doesn't exchange today - last time she went on holiday we heard nothing from her locum.

    argh, sat here just hoping and praying we exchange today.

    Good luck to all who are waiting for some news today!!
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