Property buying/selling timeline - currently into week 21
04/12/20: Both properties listed for sale
11/01/21: Offers
accepted on both sales & on our joint purchase
25/01/21: Identity checks completed, solicitors instructed
27/01/21: Purchase survey & valuation complete, mortgage offer
received
05/02/21: Reduction agreed on partner's sale (under-valuation) & on
purchase. Mortgage offer amended
08/02/21: Buyers pack returned to solicitor - sellers packs already returned
26/02/21:
Partner's sale contract signed
10/03/21: Purchase searches all back
16/03/21: My sale contract signed
28/03/21: Purchase enquiries satisfied, Title
Report & contracts issued, contracts signed & returned
11/05/21: Still waiting on final enquiry in the adjoining chain to be resolved. Consent to break the chain granted, instruction to move to exchange given.
17/05/21: All parties agreed to June 3rd for completion
27/05/21: Exchanged on my sale only
28/05/21: ALL EXCHANGED!
03/06/21: Completion
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The NEW waiting to exchange thread...
Comments
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bigkenny1975 said:@Natbag it is just frustrating isn't it? I reckon it is all going to be ok, all they need to do is occasionally update me and I'd be happy
1 -
daniel_owen_uk said:Sad day, after over a year searching and finding "The One", we have just pulled out of the purchase
Searches showed a mine shaft in the back garden (untreated), and with us wanting to extend that way we made the decision it wasn't worth the risk. That and the potential risk to any future sales.
Gutted is not the word.0 -
Good afternoon all, looks like I am ready to get back on this waiting to exchange ride again!
It's our first time selling and we are also wanting to onward purchase, I feel no less nervous than when we were first time buying 4 years ago!
I'm feeling frustrated after a false start with our solicitors, me instructing them to proceed with conveyancing for our sale last Wednesday and then hearing nothing for a week, only for them to say "oh, did we not email you paper to complete last week?" when I rang them yesterday....
So anyway, our timeline so far is below. We are racing to complete within the stamp duty holiday (as is the rest of the world it seems), our solicitors have generously offered that we may pay an "urgency premium" of £400 + VAT should we want them to hurry along the parts of the process that are within their control, anyone got any thoughts on this?
Selling
12th March - offer accepted
18th - Buyers mortgage app submitted
22nd March - memorandum of sale issued
31st March - Buyers survey took place,
31st March - ID check at solicitors, conveyancing questionnaires completed
Buying
29th March - offer accepted
31st March - Memorandum of sale issued
31st March - our build survey booked for 19th April
31st March - Meeting with our mortgage broker, full application to go in 1st April
0 -
It's been a while but if anyone can remember my last post, our lender, TSB has decided they no longer need the valuation paperwork sending to them by the conveyancer.
Because they wouldn't let anyone see the valuation paperwork.
And it didn't exist anyway.
Good news was that our buyer has finally had their mortgage approved.
Helpful hint for prospective buyers, if you wait five months before applying for your mortgage, it might result in your vendor losing their mind.
Apparently our buyer wants to complete on Friday the 9th April.
Everyone seems cool with that. Except no one is sure when we'll exchange contracts. We just get a shrug and a 'probably sometime soon'.
We ask if they want the deposit money or the funds required to complete and get a similar response.
Our conveyancer seems to be taking the laid back approach to the house buying process.
Which is reassuring.
Personally I don't think they've looked at a calendar to see if there's two bank holidays coming up.0 -
GoingOn30 said:We are racing to complete within the stamp duty holiday (as is the rest of the world it seems), our solicitors have generously offered that we may pay an "urgency premium" of £400 + VAT should we want them to hurry along the parts of the process that are within their control, anyone got any thoughts on this?Property buying/selling timeline - currently into week 21
04/12/20: Both properties listed for sale
11/01/21: Offers accepted on both sales & on our joint purchase
25/01/21: Identity checks completed, solicitors instructed
27/01/21: Purchase survey & valuation complete, mortgage offer received
05/02/21: Reduction agreed on partner's sale (under-valuation) & on purchase. Mortgage offer amended
08/02/21: Buyers pack returned to solicitor - sellers packs already returned
26/02/21: Partner's sale contract signed
10/03/21: Purchase searches all back
16/03/21: My sale contract signed
28/03/21: Purchase enquiries satisfied, Title Report & contracts issued, contracts signed & returned
11/05/21: Still waiting on final enquiry in the adjoining chain to be resolved. Consent to break the chain granted, instruction to move to exchange given.
17/05/21: All parties agreed to June 3rd for completion
27/05/21: Exchanged on my sale only
28/05/21: ALL EXCHANGED!
03/06/21: Completion0 -
GoingOn30 said:Good afternoon all, looks like I am ready to get back on this waiting to exchange ride again!
It's our first time selling and we are also wanting to onward purchase, I feel no less nervous than when we were first time buying 4 years ago!
I'm feeling frustrated after a false start with our solicitors, me instructing them to proceed with conveyancing for our sale last Wednesday and then hearing nothing for a week, only for them to say "oh, did we not email you paper to complete last week?" when I rang them yesterday....
So anyway, our timeline so far is below. We are racing to complete within the stamp duty holiday (as is the rest of the world it seems), our solicitors have generously offered that we may pay an "urgency premium" of £400 + VAT should we want them to hurry along the parts of the process that are within their control, anyone got any thoughts on this?
Selling
12th March - offer accepted
18th - Buyers mortgage app submitted
22nd March - memorandum of sale issued
31st March - Buyers survey took place,
31st March - ID check at solicitors, conveyancing questionnaires completed
Buying
29th March - offer accepted
31st March - Memorandum of sale issued
31st March - our build survey booked for 19th April
31st March - Meeting with our mortgage broker, full application to go in 1st April
But properly.'3 -
Everyone (except apparently the top of the chain) called solicitors to give authority to exchange this morning.
Still nothing, because no one has heard from the solicitors at the top. Exactly the same as what happened yesterday!0 -
GoingOn30 said:Good afternoon all, looks like I am ready to get back on this waiting to exchange ride again!
It's our first time selling and we are also wanting to onward purchase, I feel no less nervous than when we were first time buying 4 years ago!
I'm feeling frustrated after a false start with our solicitors, me instructing them to proceed with conveyancing for our sale last Wednesday and then hearing nothing for a week, only for them to say "oh, did we not email you paper to complete last week?" when I rang them yesterday....
So anyway, our timeline so far is below. We are racing to complete within the stamp duty holiday (as is the rest of the world it seems), our solicitors have generously offered that we may pay an "urgency premium" of £400 + VAT should we want them to hurry along the parts of the process that are within their control, anyone got any thoughts on this?
Selling
12th March - offer accepted
18th - Buyers mortgage app submitted
22nd March - memorandum of sale issued
31st March - Buyers survey took place,
31st March - ID check at solicitors, conveyancing questionnaires completed
Buying
29th March - offer accepted
31st March - Memorandum of sale issued
31st March - our build survey booked for 19th April
31st March - Meeting with our mortgage broker, full application to go in 1st April
Its been so slow!
With the £400 urgency fee they suggested, I cannot beleive they have even suggested that, they should treat everyone equally and in order. So basically the people who have paid that now are getting special treatment over everyone else's. Is it too late to change your solicitor?! I would definitely look into changing!0 -
@jonners666 & @ohdarn - hope you both get some news and progress soon. It's soul-sapping isn't it?!Property buying/selling timeline - currently into week 21
04/12/20: Both properties listed for sale
11/01/21: Offers accepted on both sales & on our joint purchase
25/01/21: Identity checks completed, solicitors instructed
27/01/21: Purchase survey & valuation complete, mortgage offer received
05/02/21: Reduction agreed on partner's sale (under-valuation) & on purchase. Mortgage offer amended
08/02/21: Buyers pack returned to solicitor - sellers packs already returned
26/02/21: Partner's sale contract signed
10/03/21: Purchase searches all back
16/03/21: My sale contract signed
28/03/21: Purchase enquiries satisfied, Title Report & contracts issued, contracts signed & returned
11/05/21: Still waiting on final enquiry in the adjoining chain to be resolved. Consent to break the chain granted, instruction to move to exchange given.
17/05/21: All parties agreed to June 3rd for completion
27/05/21: Exchanged on my sale only
28/05/21: ALL EXCHANGED!
03/06/21: Completion1
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