The NEW waiting to exchange thread...

jonners666

Natbag said:

@jonners666 & @ohdarn - hope you both get some news and progress soon. It's soul-sapping isn't it?!

Yep!

We're not in a huge rush to move, but our seller has been really snippy about delays from our buyer - so I'm quite happy it's now her purchase that's delaying us (in a way)

GoingOn30

ohdarn said:

GoingOn30 said:

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?

'For the low low price of £400 (plus VAT), we'll do the job you're paying us to do.
But properly.'

Yeah this is the thing that's !!!!!! me off a little, given that it is the searches that seem to be holding things up, surely we're not getting much at all for my £500 once the searches are applied for?!

Blue_bell_20

Can anyone explain how exchange works? Do we need to call our solicitor or do we wait and they call us? 

This whole process feels like it’s the unknown. 

Blue_bell_20

Also we need to get building insurance before/by the time we exchange, however it’s already been moved once. If we buy it now and it moves again then we are insuring someone else’s house? It’s all so confusing. I think next time a gap between exchange and completion would be less stressful.

jonners666

Blue_bell_20 said:

Can anyone explain how exchange works? Do we need to call our solicitor or do we wait and they call us? 

This whole process feels like it’s the unknown. 

What is supposed to happen is the solicitor at the bottom starts it off and calls their client - approval to exchange then goes up the chain to the top, and back down to the bottom.

Although for us it has now twice gone up to the top and the top have then done nothing at all 

Blue_bell_20

jonners666 said:

Blue_bell_20 said:

Can anyone explain how exchange works? Do we need to call our solicitor or do we wait and they call us? 

This whole process feels like it’s the unknown. 

What is supposed to happen is the solicitor at the bottom starts it off and calls their client - approval to exchange then goes up the chain to the top, and back down to the bottom.

Although for us it has now twice gone up to the top and the top have then done nothing at all 

Thankyou, we are the bottom. 

We didn’t even know we were in a chain until four weeks ago. 

Caz_Mnaz

Bottom of chain still waiting for searches..... Sigh.

Probably mid May completion...nearly a year after going on the market. My mortgage offer runs out in June so what seemed like nothing to worry about is starting to slightly bubble under the surface 😂

FTB_Help

Caz_Mnaz said:

Bottom of chain still waiting for searches..... Sigh.

Probably mid May completion...nearly a year after going on the market. My mortgage offer runs out in June so what seemed like nothing to worry about is starting to slightly bubble under the surface 😂

Ah Caz_Mnaz i remember you from this forum from a few months back

Im still here too! 👋

And will be here until May as well as im still waiting for the tenants to leave!

Becksina

Well solicitor has rung me and said the money is in. So hopefully everything should go smoothly tomorrow and we can exchange in the morning and complete whenever tomorrow they get the funds. It’s a loop chain (I’m the seller to my seller as we are buying each other’s houses) so hopefully it won’t be too long. Removals coming at 9 so gonna be a rushed morning to drop the babies and dogs off at my parents then clean as the removal guys do their work - still not out the woods until the keys are in my hand but this is the closest I’ve been yet. 

Wren14

Fingers crossed Becksina 🤞
I got mortgage documents to sign today so things seem to be chugging along nicely.