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  • FIRST POST
    • happytails
    • By happytails 27th Jul 17, 5:20 PM
    • 1,506Posts
    • 9,215Thanks
    happytails
    The NEW waiting to exchange thread...
    • #1
    • 27th Jul 17, 5:20 PM
    The NEW waiting to exchange thread... 27th Jul 17 at 5:20 PM
    So the other thread has gone awol so thought i'd start a new one! It was keeping me sort of sane during the house buying/selling process!

    A place to document your timelines and discuss the triumphs and woes of moving house!




    My timeline -
    Offer received and accepted on our house 17/07
    Offer made and accepted on the house we want 17/07
    Solicitors Instructed 17/07
    Meeting with mortgage advisor, all docs given 18/07
    Mortgage application submitted to Nationwide 19/07
    Documents picked up and filled in from Solicitor 19/07
    Documents and ID returned to Solcitor 20/07
    Valuation booked 20/07
    Solicitor composes draft contract & starts local searches 25/07
    Valuation carried out 26/07
    Solicitor gave us our fixtures and fittings form for purchase and requested marriage certificate 26/07
    My buyers valuation carried out 27/07
    Mortgage offer given 27/07

    Sarah

    Official MoneySavingExpert.com Insert:

    Hi all! For more help with your move read our guide:

    50+ House Buying Tips
    Last edited by MSE Andrea; 06-10-2017 at 11:50 AM.
    Sarah,

    Trying to move up the house ladder in 2017, running a business with 3 kids in tow & slowly going crazy!
    Member No43 - % Challenge
Page 19
    • Spendingqueen
    • By Spendingqueen 6th Sep 17, 7:53 AM
    • 71 Posts
    • 10 Thanks
    Spendingqueen
    Chain free generally means they aren't buying somewhere else. They could be moving into rented which isn't vacant yet.
    Originally posted by Slinky
    Well that is what I thought it meant, that they already had somewhere to go but when we did the second viewing she said well we are hoping to move in the end of September depending on the seller! So now there obviously is a chain. I know I am impatient but when I get paperwork it is done same day and I try not to keep everyone waiting.
    • Spendingqueen
    • By Spendingqueen 6th Sep 17, 7:57 AM
    • 71 Posts
    • 10 Thanks
    Spendingqueen
    They were probably spending at least their lunchtimes swarming the post office and the sandwich shops when working people are trying to get their lunch/do their messages!

    And they spent their weekends in the supermarket!!
    Originally posted by dancing_star
    Haha, The joys of being old - Spending all your time p***ing off younger generations!

    Well hopefully they get a move on as I really want to be in middle of October at the latest. I don't see that there is so much more legal work to do - However I could be wrong.
    • Jaglad111
    • By Jaglad111 6th Sep 17, 8:32 AM
    • 142 Posts
    • 203 Thanks
    Jaglad111
    After a long month can finally join.

    14/8 - Full mortgage app in

    1/9 - Mortgage offer

    4/9 - Solicitor instructed, all doc's sent and initial search fee paid

    Mortgage offer expires 30/11 so fingers crossed they pull their fingers out and have a go!
    • enthusiasticsaver
    • By enthusiasticsaver 6th Sep 17, 8:53 AM
    • 4,674 Posts
    • 8,851 Thanks
    enthusiasticsaver
    I've got the boxes and bubble wrap etc. I don't want to start though until I know it's happening haha.
    Originally posted by 02346631
    I am the same. Nothing more depressing than having to unpack again if it falls through. I am doing nothing until dates are mentioned and exchange imminent.
    4 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Lurkingtoposting17
    • By Lurkingtoposting17 6th Sep 17, 9:08 AM
    • 85 Posts
    • 95 Thanks
    Lurkingtoposting17
    Sorry to hear that LTP. Something better will come along (well it sounds like it couldn't be much worse).

    Pity it didn't happen sooner, we could have sold you our holiday cheap. Due to the vendor's timescales we've had to cancel our holiday to Greece. Got £180 back from an £1800 booking (sob sob).

    I've never heard of completion insurance, how does that work?
    Originally posted by Slinky
    Oh I would have happily paid you for your holiday! So sorry you are missing it!
    Insurance is no completion, no fee through my solicitor. Cost me £85 but that and searches is all I will pay for rather than paying over a grand. So at least that's something.

    Sadly, I was getting a 5x salary mortgage on 10% deposit. There was only one lender I could find who would offer me that, and they have withdrew it since I first offered in May. So I now can only get 4.75 x salary at 10%.

    Though I have a little more, I have effectively been priced out of the area where I live until I save another £10-20k. I think I am going to take a rest, a holiday and see what the property market does as things are still selling where I live, but very little coming on the market.

    I live with my parents so its not tragic in many ways, but I am getting older and really wanted my own space and am getting too old to be at home, but loathed to "waste" money renting if I can avoid it.

    Good luck everyone else on your pending exchanges. I'll be routing for you all x
    • eittolder
    • By eittolder 6th Sep 17, 10:01 AM
    • 9 Posts
    • 3 Thanks
    eittolder
    The more I read these threads the more I hate the house selling process in England, so many people seem to be left out of pocket and incredibly stressed with what appears should be a very straightforward process in many ways.

    I'm waiting for my sellers to get the local search back on the property they are buying, same local authority as the property I'm buying from them and my search was back 2 weeks ago, even though submitted at the same time supposedly. I'm hoping it just wasn't submitted till later and that the delay isn't because of an issue.

    Offered on 14th June and really hoping to be complete before the end of September.

    Good luck everyone
    • Pulpstar
    • By Pulpstar 6th Sep 17, 11:30 AM
    • 10 Posts
    • 0 Thanks
    Pulpstar
    Lets see...

    Sale verbally agreed 28-07
    Onward purchase price agreed 31-07
    Sale memo formalised 09-08
    DIP mortgage (For purchase) applied for 09-08
    DIP Accepted (With plenty of headroom...) 10-08
    My property surveyed/valued (Whatever our FTB lender required I guess) 15-08 or so (Forgot exact date). No queries raised to my solicitor from this.

    Still awaiting full mortgage approval for the moment - building society has asked me what the "Deductions..." are for on my wageslip - (Tax, NIC, student loan, 7.5% pension salary exchange).
    Well that's money to keep the country running, money that in theory is my future state pension but in practice is simply national current spend, that's money to pay off my past self's debt & that is money for my future self
    Originally posted by Pulpstar
    5/9/17 My mortgage approved.
    6/9/17 Buyer has told the EA they have their mortgage in place, but other ends of the chain's solicitors not out of first gear yet seemingly . Onward purchase memorandum of sale resent to my solicitor...
    Ordering a full building survey, which should take place next wednesday.
    Last edited by Pulpstar; 06-09-2017 at 11:32 AM.
    • henrypootle
    • By henrypootle 6th Sep 17, 1:04 PM
    • 108 Posts
    • 99 Thanks
    henrypootle
    Joining you all buying a repossession so have 28 days to get everything done!!


    So far:


    Offer accepted Tues 29/09/17
    Mortgage application completed Wed 30/09/17


    Popping in to solicitor today with ID, purchase questionnaire and payment for searches
    Survey / valuation booked for 12/10/17


    Want to get excited but soooo nervous about it all going wrong...


    Using a financial advisor who has experience of this so he can do the chasing up of the mortgage side of things
    Originally posted by henrypootle

    Email received from the Solicitors today to say paperwork received from sellers solicitor, searches have been requested and the official 28 day deadline is 3rd October.
    Haven't heard anything recently from Financial advisor so presume everything is okay with that.


    Just shows how quick these things can be done!


    Feeling a little more excited but in a nervous way. Every day that passes is another day that another offer hasn't been made!
    Going to see the property on Saturday and going to start planning what to do with it.
    Henry Pootle (aka Piglet)


    • Spendingqueen
    • By Spendingqueen 6th Sep 17, 2:08 PM
    • 71 Posts
    • 10 Thanks
    Spendingqueen
    [QUOTE=henrypootle;73087370]Email received from the Solicitors today to say paperwork received from sellers solicitor, searches have been requested and the official 28 day deadline is 3rd October.
    Haven't heard anything recently from Financial advisor so presume everything is okay with that.

    QUOTE]

    Our searches (completed), mortgage offer from bank and paperwork from sellers solicitor were received yesterday and our conveyancer still says 6 weeks - How are you getting it done so quick?
    • nikongirl
    • By nikongirl 6th Sep 17, 7:18 PM
    • 155 Posts
    • 184 Thanks
    nikongirl
    I'm STILL waiting for the survey to come back. It was done on 28th August and both myself and the estate agent have been chasing the surveyor for weeks. He's given me two 'final' deadlines, both of which have passed. He has at least offered a reduction in the fee but this is getting ridiculous.
    • Moriath
    • By Moriath 6th Sep 17, 10:08 PM
    • 19 Posts
    • 12 Thanks
    Moriath
    Got a offer and accepted on our house at the beginning of August. Offered and accepted on house to buy same day. Soliciters instructed same day. Survey done. Moving into a empty house. Ftbers buying ours. Why should it take so long there must be better ways to organise the housing market in the internet age.

    Had mortgage offer. Just piddling about with questions that the conveyancers are bouncing to each other to justify their money i think.

    Just sit and wait and answer questions as they are sent. Its amazing how powerless this process makes you.
    • Spendingqueen
    • By Spendingqueen 7th Sep 17, 7:30 AM
    • 71 Posts
    • 10 Thanks
    Spendingqueen
    Got a offer and accepted on our house at the beginning of August. Offered and accepted on house to buy same day. Soliciters instructed same day. Survey done. Moving into a empty house. Ftbers buying ours. Why should it take so long there must be better ways to organise the housing market in the internet age.

    Had mortgage offer. Just piddling about with questions that the conveyancers are bouncing to each other to justify their money i think.

    Just sit and wait and answer questions as they are sent. Its amazing how powerless this process makes you.
    Originally posted by Moriath
    What sort of questions do they even ask? Al the paperwork they sent us all seemed okay but they keep saying Our enquiries are being sent to them in due course - I am like What enquiries?
    • trix-a-belle
    • By trix-a-belle 7th Sep 17, 7:49 AM
    • 776 Posts
    • 3,283 Thanks
    trix-a-belle
    What sort of questions do they even ask? Al the paperwork they sent us all seemed okay but they keep saying Our enquiries are being sent to them in due course - I am like What enquiries?
    Originally posted by Spendingqueen
    my solicitor is asking about things such as original planning permission details (wouldn't have to necessarily if they had included the documents as they had said they were going to in the docs, house is 6 years old), confirming shared access details, asking for other things they have left out which were meant to be attached, clarifying things that have come up in the searches & i've added some to mine to clarify the fixtures and fittings which dont match what was agreed/is actually in the kitchen in the rightmove pics and when i went to view.
    7 points raised 2 weeks ago, responses so far to 1.
    - Mortgage: £ 53000 0! Mortgage Free!
    - Student Loan: £ 7100 0!
    Swagbucks, Neobux, GiffGaff, Roamler, Qmee & Quidco; thank you MSE every little bit helps
    MFiT-T4
    • nikongirl
    • By nikongirl 7th Sep 17, 8:08 AM
    • 155 Posts
    • 184 Thanks
    nikongirl
    What sort of questions do they even ask? Al the paperwork they sent us all seemed okay but they keep saying Our enquiries are being sent to them in due course - I am like What enquiries?
    I lodged enquiries about a few things on my property information form, most notably whether there's planning permission for the side extension (it's in a conservation area) and whether the boiler was checked within the timeframe required for the warranty.

    And then there's the demolition order which showed up on the searches. I'd rather get that sorted out now than arrive 'home' to a pile of bricks one day!
    • Spendingqueen
    • By Spendingqueen 7th Sep 17, 8:15 AM
    • 71 Posts
    • 10 Thanks
    Spendingqueen
    Gosh Nikongirl - That is an important one.

    Well the documents sent to us included all approved planning permission and certificates for the extension, it isn't in a conservation area. The only concerns were it had been in a coal area (we are in Yorkshire) and radon gas was medium level that came back from the searches. There is no shared access, we have a driveway and all the fittings etc she is leaving were detailed as agreed on our 2nd viewing.

    I hope these queries don't take forever- According to our online portal the solicitor hasn't sent enquiries yet! However so far quite happy with our online conveyancer and building society in this process. Hoping to have mortgage offer on paper today! So exciting. Is it too early to start packing?
    • eittolder
    • By eittolder 7th Sep 17, 10:22 AM
    • 9 Posts
    • 3 Thanks
    eittolder
    Feel everyone's pain on the timescales, I think part of it is because so much of life now you control and have complete say over when and where you do things but with buying houses you don't have that - you're reliant on others at all stages.

    About to move for the 4th time in 2 years and my advice would be if you've got somewhere to keep the packed boxes out of the way then never too early to start packing. I'm struggling at the moment as have a 1 bedroom house with no garage, so whilst I want to pack i really don't want to be dancing round boxes...all systems go once contracts exchanged which I'm hoping will be any day now.
    • Moriath
    • By Moriath 7th Sep 17, 11:01 AM
    • 19 Posts
    • 12 Thanks
    Moriath
    What sort of questions do they even ask? Al the paperwork they sent us all seemed okay but they keep saying Our enquiries are being sent to them in due course - I am like What enquiries?
    Originally posted by Spendingqueen
    Things that i havent had done like a door i suposedly put in two weeks ago. Some special garden thing that i havent had anything done in my garden. Two feet of stud partition wall that got removed in a kitchen remodel and a shower room that replaced two cupboards. None of which require planning. But still asking weird questions about them.
    • HGW2012
    • By HGW2012 7th Sep 17, 1:38 PM
    • 91 Posts
    • 45 Thanks
    HGW2012
    Hi all,

    Just hopping on over from the waiting for a decision board.

    Time line from us so far;

    31/7 DIP
    5/8 Offer accepted
    7/8 Solicitor appointed (currently on hold until mortgage app through)
    9/8 Broker appointment, all documents given and mortgage chosen through Halifax
    18/8 1 pay slip requested from Halifax
    21/8 Valuation and Home Buyers Survey booked for 31st
    31/8 Valuation and Survey went ahead
    5/9 Mortgage approved for full amount
    6/9 Solicitors told to go go go!
    6/9 Survey uploaded, very niggles will bring up with solicitor.

    Our solicitor is no completion no fee, they told us a month ago they were starting the searches as soon as they had everything from us so fingers crossed they have already started!
    Going to call them tomorrow and see how far they have got.
    • enthusiasticsaver
    • By enthusiasticsaver 7th Sep 17, 9:18 PM
    • 4,674 Posts
    • 8,851 Thanks
    enthusiasticsaver
    Looks like our buyers are almost ready to exchange according to estate agents. I am on holiday at the moment but emailed our solicitor confirming he can go ahead and exchange. I need at least two weeks to clear it though as not back in UK until end next week. Fingers crossed.
    4 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • MrCH
    • By MrCH 8th Sep 17, 7:20 AM
    • 72 Posts
    • 25 Thanks
    MrCH
    We got offered our mortgage Wednesday so straight away called our solicitor to start the searches.


    On average how long do they take?


    Luckily we aren't in a rush but we'd be like to be in as soon as possible
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