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  • FIRST POST
    • Monkeychops16
    • By Monkeychops16 7th Dec 17, 3:28 PM
    • 153Posts
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    Monkeychops16
    Rough time frame?
    • #1
    • 7th Dec 17, 3:28 PM
    Rough time frame? 7th Dec 17 at 3:28 PM
    Solicitor has finally received the draft contract from the sellers solicitor today. I was wondering if anyone could advise a rough time line on the next steps please?
    The date the fixtures and fitting form was the 13th Nov! The vendor also said she was happy for any date as long as it wasn’t the 8, 9, 10th Dec!
Page 1
    • Ftbnewbie
    • By Ftbnewbie 7th Dec 17, 3:31 PM
    • 45 Posts
    • 7 Thanks
    Ftbnewbie
    • #2
    • 7th Dec 17, 3:31 PM
    • #2
    • 7th Dec 17, 3:31 PM
    Could be anything from a week to several weeks. I did draft contracts 4 weeks ago but solicitors still arguing with each other over enquiries whilst me and vendor are pulling our hair out. Hope yours is quick and simple x
    • JoJo1978
    • By JoJo1978 7th Dec 17, 3:41 PM
    • 181 Posts
    • 178 Thanks
    JoJo1978
    • #3
    • 7th Dec 17, 3:41 PM
    • #3
    • 7th Dec 17, 3:41 PM
    You'll know you are close to exchange when your solicitor asks you to sign contracts and sends a draft statement of completion, asks you to lodge fees with them.

    My purchase was ready two weeks from when received draft contract but couldn't exchange... because my buyer took two months. Really varies
    Hamster in the wheel (London) 1999-2017
    Mortgage free since 2015; Pension pot sorted 2017
    Second career (what TBD!) 2018
    • Surrey_EA
    • By Surrey_EA 7th Dec 17, 4:00 PM
    • 1,318 Posts
    • 1,591 Thanks
    Surrey_EA
    • #4
    • 7th Dec 17, 4:00 PM
    • #4
    • 7th Dec 17, 4:00 PM
    You'll know you are close to exchange when your solicitor asks you to sign contracts and sends a draft statement of completion, asks you to lodge fees with them.

    My purchase was ready two weeks from when received draft contract but couldn't exchange... because my buyer took two months. Really varies
    Originally posted by JoJo1978
    That is devastatingly fast, and highly unusual. To receive all search results back, have all enquiries answered satisfactorily, review all documents and be signed up and ready within 10 working days is astonishing.
    • JoJo1978
    • By JoJo1978 7th Dec 17, 4:10 PM
    • 181 Posts
    • 178 Thanks
    JoJo1978
    • #5
    • 7th Dec 17, 4:10 PM
    • #5
    • 7th Dec 17, 4:10 PM
    Yep, surprised us Surrey EA! No mortgages for us or rest of upward chain though. The vendor had previously had a sale fall through so had all docs ready, ditto their solicitors were ready to go and anticipated certain queries. Newish house, no queries from survey etc. So was a perfect storm of efficiency.

    That said our buyer took so long that chain above us collapsed. Our vendors had to chain break.
    Hamster in the wheel (London) 1999-2017
    Mortgage free since 2015; Pension pot sorted 2017
    Second career (what TBD!) 2018
    • hazyjo
    • By hazyjo 7th Dec 17, 4:21 PM
    • 9,846 Posts
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    hazyjo
    • #6
    • 7th Dec 17, 4:21 PM
    • #6
    • 7th Dec 17, 4:21 PM
    Work on 12 weeks from offer to completion. My last one took 15 weeks.


    Bear in mind most EAs/solicitors will be wrapping things up mid-December and more than likely will be shut over the festive period.
    2017 wins: Opera tickets; film preview; lipstick; Ideal Home Show tickets + afternoon tea & bottle of Champagne; 2 cases of NKD; notebook; bath rack; books; film Premiere; Broadchurch DVDs; lipbalms; hamper (food/wine/Echo Dot/Jo Malone goodies); Avon lippies; cowhide rug; Windsor luxury break, foundation; Flybe flight
    • Monkeychops16
    • By Monkeychops16 7th Dec 17, 4:51 PM
    • 153 Posts
    • 304 Thanks
    Monkeychops16
    • #7
    • 7th Dec 17, 4:51 PM
    • #7
    • 7th Dec 17, 4:51 PM
    Thanks all-it will be 6 weeks tomorrow so it feels slow to only get to this point!
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