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The NEW waiting to exchange thread...

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Comments

  • Caz_Mnaz
    Caz_Mnaz Posts: 304 Forumite
    100 Posts First Anniversary Name Dropper
    FTB_Help said:
    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!
    We might be completion buddies!
    I joined in Jan when I found out via a friend that my buyer's property was back on rightmove.... Ahhhh that was a fun weekend 😂🤦‍♀️
  • jonners666
    jonners666 Posts: 98 Forumite
    10 Posts First Anniversary Name Dropper
    Day three of trying to exchange. At least the weather is worse so the solicitor at the top is unlikely to just go home early again  :s
  • sandeepsb
    sandeepsb Posts: 12 Forumite
    10 Posts
    edited 1 April 2021 at 10:06AM
    Good luck with everyone exchanging/completing today, we successfully completed 2 days ago, a massive weight off our shoulders. Here's the complete timeline.

    21/11/2020 - House Viewed
    21/11/2020 - Offer made
    23/11/2020 - Increased offer, offer accepted
    24/11/2020 - Mortgage submitted via a broker, valuation booked in.
    26/11/2020 - Solicitor appointed
    04/12/2020 - Mortgage Valuation conducted, mortgage approved
    06/12/2020 - Further negotiations, increased offer again by £5k
    07/12/2020 - Offer accepted, chain is complete (seller buying vacant house)
    09/12/2020 - Change of solicitor, initial documents sent to Solicitor
    06/01/2021 - Draft contracts received from seller's Solicitor, searches have been ordered
    08/02/2021 - All Searches and enquiries (except one) are back
    25/02/2021 - Sellers Seller Grant of Probate has been received. Waiting on one response to an enquiry from our seller
    23/03/2021 - Contracts Exchanged
    30/03/2021 - Completion!

    Would've just about made the stamp duty holiday if it didn't get extended
  • Day three of trying to exchange. At least the weather is worse so the solicitor at the top is unlikely to just go home early again  :s
    Good luck I hope it’s third time lucky for you. 
  • jonners666
    jonners666 Posts: 98 Forumite
    10 Posts First Anniversary Name Dropper
    Day three of trying to exchange. At least the weather is worse so the solicitor at the top is unlikely to just go home early again  :s
    Good luck I hope it’s third time lucky for you. 
    Thanks! Chain seem to have agreed on the 12th for completion now - so we've got ~6 hours to get it through the solicitors. Should be simple, right?  :D
  • FTB_Help
    FTB_Help Posts: 336 Forumite
    100 Posts First Anniversary Name Dropper
    Caz_Mnaz said:
    FTB_Help said:
    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!
    We might be completion buddies!
    I joined in Jan when I found out via a friend that my buyer's property was back on rightmove.... Ahhhh that was a fun weekend 😂🤦‍♀️

    Oh God! The least they could do was tell you before remarketing!

    I've been here since Oct, other than waiting for tenants to leave, everything has been plain sailing with offer, survey, solicitor, so just sitting here with nothing outstanding for a while, just counting down the days!
  • Caz_Mnaz
    Caz_Mnaz Posts: 304 Forumite
    100 Posts First Anniversary Name Dropper
    I'm just twiddling my thumbs waiting for the bottom of the chain to catch up.... Daren't pack until exchange happens as it collapsed just before exchange the first time (when I actually found out lol)

    The days and weeks are dragging by.... 
  • jonners666
    jonners666 Posts: 98 Forumite
    10 Posts First Anniversary Name Dropper
    Phew - exchanged! 
  • Natbag
    Natbag Posts: 1,563 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Congrats to all those who have exchanged and/or competed, enjoy your new homes!
    My buyer's enquiries are all satisfied now, so their solicitor will be sending their Title Report and contracts to sign. Sadly with a double bank holiday imminent it's going to take a week to get them out and returned I reckon. Just waiting to hear if my partner's buyers are at the same stage yet, and for my ex's enquiry on his purchase to get sorted, something to do with estate management fees. So there's no chance of talking dates for another 7-10 days, and chances of completing before April 29th, pffffffft, it's not looking good is 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: Completion
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