The NEW waiting to exchange thread...

FtbEmz

Natbag said:

FtbEmz said:

Hello, I feel like I can finally join this thread after a few weeks of reading only. Viewed a property 26th March, offer accepted 31st March. Our mortgage advisor has just called to confirm valuation all ok and application accepted and on way to our solicitors. We instructed our Solictors to carry out their searches 15th April so that’s already underway and they’ve already advised the sellers solicitor is drawing up contract. Survey booked for week commencing 10th May. The property is empty, we have no chain and I feel like I can finally breathe now. What happens next in terms of exchange and completion?

It's just a case of waiting for the searches to come back and see what enquiries it throws up, and wait for them to be resolved, sign your papers, agree a date, draw up your deposit and exchange - I think
There's a really handy guide on this website - under 'Mortgages and Homes' at the top that's really useful.

Thank you. I’ll take a look

hopeitwill

The godsend that it is this forum and this thread, I'll come back and say we finally completed yesterday!

It took 15 weeks for a simple no chain purchase but we figured that the seller's solicitor was very slow in processing things.
We got the keys, went to the house and found all kinds of troublesome issues that we have to deal with but all in good time. It's just first day jitters.

Hope everyone will get their good news soon!

Natbag

Congrats @hopeitwill - great to see some good news in here

GoingOn30

Tiglet2 said:

mat1964 said:

One question - is it acceptable to send a (polite) email to the buyers solicitor asking about progress or is that frowned upon?

Sorry, it is not acceptable.  Your buyer's solicitor acts for your buyer and has no contract with you.  They will not respond to your email and will likely give your solicitor a ticking off and tell them to tell you not to contact them.

However you could ask your EA to contact the buyers solicitor, and could ask your solicitor to chase them up on your behalf 

mat1964

Insomniac101 said:

So frustrated with the situation! we were supposed to complete before the first SDLT holiday 31 March, then the buyer raised a query which delayed it all, and now we have everything back we want to complete 30 April, they said no as they want a Survey to be done! So they said complete 6th May, which we said OK.... then what happens?? they booked in survey 5th May?! i've gone back to let them know its unacceptable and they need to book it this week or early next week!

If you hear of a murder in London... it's me murdering our buyers!

My buyer is having a survey also.  It's booked for 4 May as it was the first available date (and it was booked a few weeks ago).  Seems they are all very busy.

climbthatwallseegar

It never rains but it pours. Newest issue is received a letter from the freeholder of my property (flat) this morning informing leaseholders that cyclical internal decorating will be carried out in the building. Cost is yet to be confirmed. This will freak out my buyers for sure, they have already sent a series of questions about the service charge and their solicitor wanted to see every service charge statement for the past 5 years.

tink_1983

How often do you all follow up with agents? I'm messaging or calling weekly but tempted to do it twice a week now we are getting closer to exchange.. is this too much?

Dadto3Boys

After waiting two weeks for our EA to give us an update on the buyers. We mentioned to the EA we are buying through and they managed to get an update the same day!
All searches are back both sides, just sent my replies to the enquires (Thank goodness I saved paperwork as only have physical copy of an Indemnity Policy and Dropped Kerb approval from council) and now filling out the Land Registry/Stamp duty etc forms.
Feeling more likely to get through the Stamp Duty! Joined all the local Facebook groups where our new house is, can't wait to be actually involved in the community etc.

Dadto3Boys

tink_1983 said:

How often do you all follow up with agents? I'm messaging or calling weekly but tempted to do it twice a week now we are getting closer to exchange.. is this too much?

Once a week from me. Might be worth chasing the Solicitors or getting the ES on the other side of the chain to ask.

Caz_Mnaz

My EA updates me maybe every 10 days but the EA for the house I'm buying is ON IT and goes down the entire chain every week asking where everyone is and feeding back to me and the seller. She's def earned her commission!!