Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • 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 370
    • PlaysNicely
    • By PlaysNicely 18th Oct 16, 8:47 AM
    • 101 Posts
    • 174 Thanks
    PlaysNicely
    Mornin'
    That's a tough decision MissT, I agree it just adds to the arrogance of his attitude to just turn around with a date but ignore the request for a reduction. Adding the EA attitude and behaviour into the mix I can certainly understand why you'd be inclined towards just walking away and let their bullying backfire on them. I wish you luck, whatever you decide.

    Our query week continues (more queries from our purchaser arrived with our solicitor yesterday) but we received contract to sign for our purchase so friend is witnessing that later for us.

    Additionally, our very final pair of foreign students have just left to travel back home, we won't be having any in the new house as it's too far out of town, so it's all starting to seem real now ... and at last I can start packing and sorting in earnest without worrying about disrupting the house too much because of the students.

    Disrupting the dogs is another thing though ... they are still being a bit odd! A daily walk at around the same time each day seems to help though, it seems like they need something routine to cling to as the house descends into chaos!

    So, aims for this week:

    Forms signed and returned to solicitor by tomorrow (latest).
    Use info from flood report received to tweak insurance quotes and identify chosen insurer.
    Answer rest of queries arising.
    Start Freezer Exchange challenge: No more food shopping now that there are no students to feed ... instead start eating random frozen exhibits from the freezer in effort to empty a freezer drawer a week and see which comes first, exchange or empty freezer!
    List furniture we can't take onto Ebay, Shpock or similar - offer first to family of course though!

    Here's hoping for a Turnaround Tuesday, where everyone's problems and delays get turned around quickly and where those waiting on today as E day get their wish! PN x
    • lee111s
    • By lee111s 18th Oct 16, 9:43 AM
    • 2,663 Posts
    • 1,843 Thanks
    lee111s
    Good luck today everyone, I hope I can pass some of my good fortune onwards!
    Last edited by lee111s; 18-10-2016 at 9:47 AM.
    • lifeofunmumsy
    • By lifeofunmumsy 18th Oct 16, 11:19 AM
    • 22 Posts
    • 35 Thanks
    lifeofunmumsy
    Morning everyone,

    playsnicey - Thank you for the advice, I had an email from our buyers last night asking some basic questions for insurance quotes and I told them who we insure with. Fingers crossed they get that sorted today for exchange today/tomorrow. Still not allowing myself to believe or pack anything until we exchange. I managed to get some sleep last night, Mr Unmumsy however did not!

    lee111s - massive congrats on exchanging, must have been a huge relief for you! good luck for the impending move!

    MissT - you've done so well keeping your nerve, not sure I could have done it myself. You have to ask yourself whether after all the stress and emotions, the house is still worth it? remember, it's YOUR money you're spending and frankly all the bullying behaviour you've had to experience is disgusting. Whatever you decide, it's your decision, no one elses.

    Fingers crossed for a productive Tuesday everyone!
    • Korra
    • By Korra 18th Oct 16, 11:51 AM
    • 64 Posts
    • 74 Thanks
    Korra
    Hi all,

    So I have good news... I have exchanged....

    Completion set for the 27th.
    2016: Hopefully be a FTB Complete 27.10.2016
    • ap1985
    • By ap1985 18th Oct 16, 12:13 PM
    • 323 Posts
    • 128 Thanks
    ap1985
    Hi all,

    So I have good news... I have exchanged....

    Completion set for the 27th.
    Originally posted by Korra

    Congratulations Korra.
    Finally going to be a homeowner
    • Korra
    • By Korra 18th Oct 16, 12:56 PM
    • 64 Posts
    • 74 Thanks
    Korra
    Congratulations Korra.
    Originally posted by ap1985
    Thanks ap1985.
    2016: Hopefully be a FTB Complete 27.10.2016
    • jojo9239
    • By jojo9239 18th Oct 16, 1:25 PM
    • 320 Posts
    • 226 Thanks
    jojo9239
    Can I ask the EA where the vendor is up too? My solicitor has informed me we are all done and ready
    • Korra
    • By Korra 18th Oct 16, 1:30 PM
    • 64 Posts
    • 74 Thanks
    Korra
    Can I ask the EA where the vendor is up too? My solicitor has informed me we are all done and ready
    Originally posted by jojo9239
    jojo, yes you can. I used to get calls from the EA saying my solicitors are slow and to give them a push etc. The EA used to call both solicitors, me and the vendor constantly.
    2016: Hopefully be a FTB Complete 27.10.2016
    • chickenmama
    • By chickenmama 18th Oct 16, 3:06 PM
    • 61 Posts
    • 90 Thanks
    chickenmama
    Can I tentatively rejoin please?

    Our buyer managed to get a mortgage (after pulling out and then reoffering the following week) and their surveyor visited today. He told OH that he would have no problem valuing the house for the amount the buyers have offered

    We have submitted our revised mortgage application for new house after our offer was accepted and as its a builder selling (our sellers are moving into a new build and using it as part ex) they called and said they would like to propose an exchange date of 29th November and a completion date of 16th December - I know its not set in stone yet but certainly feels a lot more hopeful.

    Filled out a lot of paperwork already with the solicitor and paid the money for the searches.
    Just hoping we get the green light now from our mortgage and valuation and then its push push push to exchange!

    Hope its a productive day for everyone, particularly those who are waiting for exchange
    • lcc86
    • By lcc86 18th Oct 16, 3:08 PM
    • 817 Posts
    • 1,482 Thanks
    lcc86
    It looks like we're exchanging today, not heard anything since this morning but my solicitor was on the case.
    1/12/14 total £9,140 DFD 30/01/17

    http://forums.moneysavingexpert.com/showthread.php?t=5124473 - my DFD

    2017 365 day challenge £85.88 saved
    • ap1985
    • By ap1985 18th Oct 16, 3:25 PM
    • 323 Posts
    • 128 Thanks
    ap1985
    It looks like we're exchanging today, not heard anything since this morning but my solicitor was on the case.
    Originally posted by lcc86

    Fingers Crossed
    Finally going to be a homeowner
    • lifeofunmumsy
    • By lifeofunmumsy 18th Oct 16, 4:06 PM
    • 22 Posts
    • 35 Thanks
    lifeofunmumsy
    Looks like no exchange again today *sigh*

    Starting to think it's not going to happen again now, after waiting 2 and a half weeks for them to decide they were still going to buy I have a horrible feeling they've got cold feet. Yet ANOTHER sleepless night ahead! urgh. This limbo phase is the worst of all of it.

    Hope everyone else had a better day than me! my nerves are shot lol
    • Levs01
    • By Levs01 18th Oct 16, 4:11 PM
    • 224 Posts
    • 238 Thanks
    Levs01
    Korra congratulations.

    I had a message this morning quoting the FTB at the bottom of the chain.

    'I rec'd the last of the paperwork at the end of last week and am hoping to review it this evening and i'll then sign and return'

    FOUR DAYS! you have had that paperwork for 4 days and you are HOPING to review it this evening. I am livid. Ive called my EA to chase this up and find out if I am somehow mis reading this. We were due to exchange Monday and they are going to try and look at it tonight. I am so so angry right now.
    • neilio
    • By neilio 18th Oct 16, 4:13 PM
    • 214 Posts
    • 99 Thanks
    neilio
    Iím beside myself with worry and havenít had a good nightís sleep in months.

    Back in February, my husband and I reserved an off-plan new build house. We remortgaged some of our current home, our flat, to pay the deposit, and we were required to exchange contracts on the purchase in March. The developer, Berkeley Homes, gave us a completion window of between October 2016 and March 2017. We put our flat on the market in April. I originally bought the flat under the shared ownership scheme (35%) nearly six years ago when I was still single. Since then, we married, and two years ago we staircased to 100% together. We originally had a buyer in June and the conveyancing process was pretty smooth. Apart from, during that period, around July, the buyer had a HomeBuyers survey done, which concluded that the the value was £20,000 less than the agreed sale price. The report concluded that Brexit was to blame. We came to compromise with the buyer, and we were about to exchange contracts, but she pulled out right at the last moment, in early August, having wasted our time and most of the summer!

    During this time, Berkeley kept us up to date with how the house was progressing, and eventually told us it would be ready at the beginning of October - the earliest possible time of the window they gave us.

    We have another buyer since late August, but had to settle for an even lower price than that the original buyerís HomeBuyers survey report concluded, which we were gutted about. We had no choice but to accept. This buyer and his solicitor have been a nightmare. Iíve started various threads on this forum seeking advice on what to do with certain issues that cropped up. I have spent blood, sweat and tears in begging the freeholder and the local authority to bend the rules for me when providing responses, instead of having to wait their standard 10-working day timescales, and exhausted all favours I couldíve called in to speed this up, knowing the completion of the house has been looming.

    The biggest annoyances have been the purchaser solicitor halting the entire process until a Deed of Variation was raised, agreed, and signed off to remove all the former shared ownership pre-emption clauses from the Lease, making nonsensical requests for planning documentation, constantly delaying having the valuation survey undertaken until his queries were addressed, and forcing us to agree to three indemnity policies - Restrictive Covenant Indemnity Policy (because of a standard prohibition of wooden floor clause in the Lease); Insolvency Act Indemnity Policy (because he failed to understand there was no risk in my husband staircasing with me as Joint Tenants); Contingent Buildings Insurance Indemnity Policy.

    The last one, the Contingent Buildings Insurance Indemnity Policy, is the last thing delaying things, or so Iím told. The purchaser solicitor is allegedly waiting for the buyerís lender to accept this indemnity policy before proceeding to exchange. I have been trying to get updates for three days but apparently they are still waiting. My solicitor finally provided the contract for me today to sign and return. My estate agent has told me I need to now threaten that Iíll withdraw the sale. Iím frightened of doing that because, weíve come so far, it feels so close, will this really all fall apart just because of my impatience. Iím so affected by this, suffering acute anxiety and worried, I feel like my judgement is impaired. I told my solicitor today to threaten them with pulling the sale, but she immediately came back and asked if I really wanted her to do it, which got me doubting again.

    Meanwhile, whilst Berkeley are not pressuring me to complete, they are requesting weekly updates from me on how my sale is going, because I canít complete on the house purchase unless I sell my flat. I desperately, desperately want to exchange so I know that this will all happen!

    I am thinking of contacting the buyer. Iíve never met him and the estate agent doesnít recommend I do so. Iíve identified him on social media and have a very succinct, polite message, ready to send, to ask what the delays are and if he definitely still wants the flat. I just donít know what to do.
    • Jox
    • By Jox 18th Oct 16, 4:40 PM
    • 1,269 Posts
    • 2,688 Thanks
    Jox
    Don't contact the buyer through social media.....
    • Levs01
    • By Levs01 18th Oct 16, 4:43 PM
    • 224 Posts
    • 238 Thanks
    Levs01
    Don't contact the buyer through social media.....
    Originally posted by Jox
    This! With bells on. Keep contact through official channels.
    • neilio
    • By neilio 18th Oct 16, 4:45 PM
    • 214 Posts
    • 99 Thanks
    neilio
    Don't contact the buyer through social media.....
    Originally posted by Jox
    Not even Linked-In?
    • Jox
    • By Jox 18th Oct 16, 4:50 PM
    • 1,269 Posts
    • 2,688 Thanks
    Jox
    No, it seems stalkerish I'm afraid...you are going to have to be patient, I'm sorry this is a stressful process x
    • neilio
    • By neilio 18th Oct 16, 4:51 PM
    • 214 Posts
    • 99 Thanks
    neilio
    Well it seems there is a bitter war of words waging between my solicitor and the purchaser solicitor. The EA tells me that the buyer is in regular contact with him and it seems that the buyer does not seem up to speed with the enquiries going back and forth between the solicitors. My solicitor, on the other hand, has kept me fully informed. Since my post above, I've seen the latest email between them from a few minutes ago. The purchaser solicitor is quibbling over some nonsense items that my solicitor has repeatedly responded to.

    I'm not going to paste the whole email here, but my solicitor ends her email with this:

    I am frankly exasperated by your repeated unnecessary enquiries and so are my clients. My clients expect an exchange by the end of this week and I suggest that you consider reporting to your clients in anticipation of a response from your lender.

    I have a feeling this is all about to fall apart.
    • Levs01
    • By Levs01 18th Oct 16, 5:22 PM
    • 224 Posts
    • 238 Thanks
    Levs01
    Update from Ea. The bottom chain got contract yesterday and has signed and returned special delivery today. They are sending deposit tomorrow. Should be set for exchange tomorrow or Thursday latest. Have now advised vendor and they 'seem' ok so everything crossed for tomorrow!
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,123Posts Today

6,474Users online

Martin's Twitter