The NEW waiting to exchange thread...

birdmadgirl8

My husband just found this confession on Twitter & I had to share cos it's brilliant 😂 "After a moderately successful TV and film actor we were buying a house from pulled out the sale, I spent an afternoon rating their acting performances on review sites and got their average star rating down from a 4 to a 1."

birdmadgirl8

FtbEmz said:

birdmadgirl8 said:

@FtbEmz No sleep here either. I'm like the walking dead after 6 months of this 🥱

Oo wow, 6 months. Where are you at now?

Well, our buyers finally agreed to exchange today (that's the good news). Our vendors' solicitor hasn't responded to our solicitor's request to exchange though - and this lack of communication has been the problem throughout - so who knows??? Based on the pattern so far, we're due some bad news tomorrow...

FtbEmz

birdmadgirl8 said:

FtbEmz said:

birdmadgirl8 said:

@FtbEmz No sleep here either. I'm like the walking dead after 6 months of this 🥱

Oo wow, 6 months. Where are you at now?

Well, our buyers finally agreed to exchange today (that's the good news). Our vendors' solicitor hasn't responded to our solicitor's request to exchange though - and this lack of communication has been the problem throughout - so who knows??? Based on the pattern so far, we're due some bad news tomorrow...

I’ll keep my fingers crossed that it’s good new for you. Good luck

birdmadgirl8

Thanks @FtbEmz Good luck to you in return! 

claneyuk

We're FTB.
Surveys and searches all done after offer accepted 13 weeks ago.
Enquiries sent to seller's solicitor one month ago. Still chasing and apparently they are 'working on the enquiries...'
Nice and vague
Tick tock

amandacat

claneyuk said:

We're FTB.
Surveys and searches all done after offer accepted 13 weeks ago.
Enquiries sent to seller's solicitor one month ago. Still chasing and apparently they are 'working on the enquiries...'
Nice and vague
Tick tock

My sellers solicitor have had the enquiries for 2 months and still haven’t answered them all. Seems to be the standard current!

Tiglet2

FtbEmz said:

gemgem85 said:

Hi everyone! Good luck with all your purchases and sales. I hope you don't mind me joining in

I'm in the process of buying my first house. I'm super excited because for years we've been cooped up, renting a little flat, and now we're buying a big beautiful family home twice the size of our current place! Also super anxious! It all seems too good to be true!

Our searches are out at the moment, due back on 19th May. This is longer than any estimate I could find online but I'm guessing covid + stamp duty holiday means there's a bit of a queue! I know we've been lucky so far with the rest of the process, I'm not sure if we'll hit our 1 June completion date though!

Here's my timeline:

March 25: Started looking for properties
March 26: Applied for mortgage through broker
March 28: Mortgage in principle!
March 29: Made offer
March 30: Offer accepted!
April 6th: Valuation
April 9th: Mortgage offer!
April 12th: Survey complete - no reds
April 13th: Draft contracts
April 14th: Searches requested and enquiries raised
.......LONG WAIT......
May 19th: Searches due back??
June 1: Completion date??

Your timeline is so like mine! We’re hoping to exchange 1st June too! Searches submitted last Friday and expedited so hoping end of next week we’ll have those back. Our solicitor has draft contract from the seller and the other paperwork they need so she’s going through it all this week and will raise enquiries based on the draft contract paperwork, then once satisfactory responses are received, she will be in a position to prepare a report on title. Our survey is next week and will be back within 2/3 days but we don’t envisage any problems. It’s all I think about! Sleep has become an issue as I can’t switch off! Fingers crossed for you!

Hope you don't mind that I've added the above, since it is one of the most important parts of conveyancing and often takes the longest......!

FtbEmz

Tiglet2 said:

FtbEmz said:

gemgem85 said:

Hi everyone! Good luck with all your purchases and sales. I hope you don't mind me joining in

I'm in the process of buying my first house. I'm super excited because for years we've been cooped up, renting a little flat, and now we're buying a big beautiful family home twice the size of our current place! Also super anxious! It all seems too good to be true!

Our searches are out at the moment, due back on 19th May. This is longer than any estimate I could find online but I'm guessing covid + stamp duty holiday means there's a bit of a queue! I know we've been lucky so far with the rest of the process, I'm not sure if we'll hit our 1 June completion date though!

Here's my timeline:

March 25: Started looking for properties
March 26: Applied for mortgage through broker
March 28: Mortgage in principle!
March 29: Made offer
March 30: Offer accepted!
April 6th: Valuation
April 9th: Mortgage offer!
April 12th: Survey complete - no reds
April 13th: Draft contracts
April 14th: Searches requested and enquiries raised
.......LONG WAIT......
May 19th: Searches due back??
June 1: Completion date??

Your timeline is so like mine! We’re hoping to exchange 1st June too! Searches submitted last Friday and expedited so hoping end of next week we’ll have those back. Our solicitor has draft contract from the seller and the other paperwork they need so she’s going through it all this week and will raise enquiries based on the draft contract paperwork, then once satisfactory responses are received, she will be in a position to prepare a report on title. Our survey is next week and will be back within 2/3 days but we don’t envisage any problems. It’s all I think about! Sleep has become an issue as I can’t switch off! Fingers crossed for you!

Hope you don't mind that I've added the above, since it is one of the most important parts of conveyancing and often takes the longest......!

Thank you. Our solicitor is amazing. So quick and very efficient. We’re lucky our solicitors and the sellers are in the same village and have a good working relationship already. She’s already advised she’s going through it all this week and will be in touch with us in a week or so so fingers crossed. 

birdmadgirl8

@GoingOn3 This is really useful & goes through pros and cons of same day exchange/completion.
https://www.theadvisory.co.uk/conveyancing/exchange-and-completion/

birdmadgirl8

Sorry - that should  have been @GoingOn30 in my previous post!