The NEW waiting to exchange thread...

Natbag

claneyuk said:

Natbag said:

claneyuk said:

My brief timeline

FTB - offer accepted early Feb

A whole month waiting for the simultaneous homebuyers report and valuation

Valuation under offer price and renegotiated down

Finally mortgage offer early April

Now delays in searches and inquiries sent

Feels like such a slow process - no idea when I might feasibly exchange

I'm nearly 4 months in and I still have no idea, despite being signed and ready to exchange for 3 weeks now - it really is a 'how long is a piece of string' question if you're in a chain, you can only go as fast as the slowest party.

I'm so frustrated for you!

I have no chain - so hopefully it doesn't drag - but I'm keeping my expectations low

That's the best thing you can do really! 

birdmadgirl8

Sam2030 said:

Yes we have been ready to go for over a month and our buyer it's just number 6 now. We have suggest the 39th of April as number 5 has said it has to be a Friday I think it's achievable but solicitors are slow ours was quick and our buyers but don't know about the top of the chain. And I just worry about our buyers when the original date went they said they would give it a month I hope you get some news x

Oh the wait is so painful - over a month of waiting here too and still confronted with a wall of silence from vendors' solicitor. Sending positive vibes!

birdmadgirl8

hopeitwill said:

Good morning all, our purchase seems to be coming to an end but the end is taking so long just as the rest of it. We have sent a substantial amount to our solicitor's bank so they can do the exchange but Barclays have flagged the payment as out of the ordinary and telling us to wait until tomorrow if all is ok of course. Does anybody know if we could phone them to make it a bit faster? The wait is killing us!

Good luck - the pain just never ends!

Sam2030

ele_91 said:

I’m also joining from West Yorkshire. 

We are onto our fourth house as three others fell through due to vendor and chain issues. We were told the sellers seller was buying a new build, we are all ready to exchange with completion for the 30th... until last night when we hear about more houses at the top of the chain  WHY do people lie and say they’re buying a new build/moving into rented etc? They never have any intentions of doing so.

Were in West Yorkshire too lol. Its the upper chain top  two that are in East Yorkshire. That's what happened to us Third in the chain was going into rented then changed their minds somewhere along the way we found out when a date was arranged just over a month ago. 

birdmadgirl8

Natbag said:

This is our chain. I currently live in house 1 with my partner, but I still half-own house 2 with my ex. So my partner and I both have a house sale pending, but my purchase with my partner depends on my ex’s purchase completing to free up the money I need to complete on ours. The black dots represent the funds. 

Chain 1 is good to go and so is buyer 2, it’s just that purchase 2 that’s keeping everyone stuck. 

LOVE this image - feeling your pain too. I am so grateful that I was able to buy out my ex before attempting to sell/purchase. I'm rooting for you though and glad to see that your solicitor has given you a little nugget of hope now. Really does seem that you need someone to help you get purchase 2 unstuck! Agents and solicitors will charging you enough I'm sure...

Natbag

birdmadgirl8 said:

Natbag said:

This is our chain. I currently live in house 1 with my partner, but I still half-own house 2 with my ex. So my partner and I both have a house sale pending, but my purchase with my partner depends on my ex’s purchase completing to free up the money I need to complete on ours. The black dots represent the funds. 

Chain 1 is good to go and so is buyer 2, it’s just that purchase 2 that’s keeping everyone stuck. 

LOVE this image - feeling your pain too. I am so grateful that I was able to buy out my ex before attempting to sell/purchase. I'm rooting for you though and glad to see that your solicitor has given you a little nugget of hope now. Really does seem that you need someone to help you get purchase 2 unstuck! Agents and solicitors will charging you enough I'm sure...

Ha, thanks! It's easier than trying to explain!
I didn't want to buy him out as I haven't lived there for almost 2 years, so it just doesn't feel like my home and never would now. I wanted him to buy me out but he faffed around and refused for 3 months before finally admitting that he couldn't and agreeing to sell. And now it's his purchase delaying things again, typical. I could have waited for that sale to go through before buying myself, but my flat tenancy agreement ran out in March (I had to move out as my landlady was selling) and even without the issue of lack of space while staying with my boyfriend it would have cost me about £9k in stamp duty, so I had no choice but to push ahead simultaneously really. It's not my purchase where the issue lies, so I'm hoping additional fees for sorting it will be charged to my ex not me! We'll see!

AnnexeRegular

My vendors solicitors seem to be a 3 man operation who never reply to anything my solicitor requests. We've been waiting for responses from them for 2 weeks now. 

hopeitwill

AnnexeRegular said:

My vendors solicitors seem to be a 3 man operation who never reply to anything my solicitor requests. We've been waiting for responses from them for 2 weeks now. 

Our vendor's solicitor sat on certificates and responses from the vendor for like 10 days.

rubywhatashmoo

Feel like I should stop lurking and start posting seen as this seems to be a board full of West Yorkshire-ites - hello! We are in a chain of 3 houses:
Cash Buyer --> us -->Vendor-->Empty house

So hopefully nothing too extreme to hold things up. We've just had the contents and fittings form and the property information back from our vendor (we got the memorandum of sale on Feb 25th but they needed to find a house after that which only took 2 weeks) which was all signed a month ago so I'm wondering where it's been (we have been told on three separate occasions it was on it's way before now!)

Anyway nothing exciting on that, our building survey (it's an old house) came back with some minor issues with the roof, we've had that checked over by a roofer at the start of the week and that's all fine so hopefully things might start moving along now..?

Some possibly good news in that our solicitors have said we don't need environmental or flooding searches doing for our mortgage - but can have them if we want them. I don't think we need them based on the location but if anyone thinks that's a glaring oversight please do let me know!! 

Sam2030

rubywhatashmoo said:

Feel like I should stop lurking and start posting seen as this seems to be a board full of West Yorkshire-ites - hello! We are in a chain of 3 houses:
Cash Buyer --> us -->Vendor-->Empty house

So hopefully nothing too extreme to hold things up. We've just had the contents and fittings form and the property information back from our vendor (we got the memorandum of sale on Feb 25th but they needed to find a house after that which only took 2 weeks) which was all signed a month ago so I'm wondering where it's been (we have been told on three separate occasions it was on it's way before now!)

Anyway nothing exciting on that, our building survey (it's an old house) came back with some minor issues with the roof, we've had that checked over by a roofer at the start of the week and that's all fine so hopefully things might start moving along now..?

Some possibly good news in that our solicitors have said we don't need environmental or flooding searches doing for our mortgage - but can have them if we want them. I don't think we need them based on the location but if anyone thinks that's a glaring oversight please do let me know!! 

It should be the yorkshire waiting to exchange thread lol 😁