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The NEW waiting to exchange thread...

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Comments

  • sassypurple
    sassypurple Posts: 40 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Natbag said:
    This made me smile, need it at the minute still no news on our purchase and now down to last 3 weeks of mortgage offer - sellers EA seems to of gone AWOL so no idea where they are at sorting out the land registry issue.
    Fingers crossed someone gets some positive news this week as it seems really thin on the ground on here 
    Waiting on the Land Registry here too - my heart sank when my solicitor said it had to go to LR. It is being expedited though, or so she said. But why she didn't tell me it had to go to them originally and set my expectations accordingly I don't know. I thought it only had to go to the lender. Sigh.
    Hoping ours is with the land registry that would be a positive our seller has been waiting for the loan company to provide the land registry with something they didn't on their first attempt to remove the charge back in Feb. Still can't get any answer from the EA if it's at the loan company still or land registry. We have 3 weeks left of our mortgage offer hoping for a miracle now as we signed contracts back in Jan. We had to complete on our sale 3 weeks ago now because we were going to lose it if we didn't. So stressful isn't it we are into our 7th month since we accepted our offer on our old property and had the offer accepted our purchase. 
  • Natbag
    Natbag Posts: 1,563 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    n0438 said:
    Natbag said:
    n0438 said:
    Haven't posted in a while, gets boring writing we're still waiting day after day 😬.  Anyway we're now on month 6 of this palarva and we had the news yesterday that our vendors want to put house back on market.

    Chain of 7 😳 with flat at bottom needing a dreaded deed of variation that was requested about 7 weeks ago.  
    Noooooooooo, don't say that. I'm in a similar position, we are waiting on a deed of variation in the chain (of 6) that needs to go to the Lamd Registry now it has been agreed, and my vendors are threatening to put the house back on the market. It's so stressful. Have you been waiting 7 weeks for the LR? Was it expedited?
    Sorry! I have been reading your tale over the past few days.

    We're waiting on freeholder of flat to sign the doc.  Everything else is done.  LR hasn't been mentioned.  Oh, please let them not have to do it as well 😳
    Yes, that was a surprise. I was under the impression the company would sign the deed, then the lender needed to see and agree, update their paperwork, and done. Oh no, they signed and then my solicitor said it needed to go to LR first, then to the lender. OH !!!!!!. Not sure why it can't be sent to the LR on completion rather than before exchange, but then I'm not a conveyancer. It took us I think about 5-6 weeks to get agreement for the deed to be signed too, and now we are looking at another 4+ weeks.
    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
  • Natbag
    Natbag Posts: 1,563 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 6 May 2021 at 11:19AM
    Natbag said:
    This made me smile, need it at the minute still no news on our purchase and now down to last 3 weeks of mortgage offer - sellers EA seems to of gone AWOL so no idea where they are at sorting out the land registry issue.
    Fingers crossed someone gets some positive news this week as it seems really thin on the ground on here 
    Waiting on the Land Registry here too - my heart sank when my solicitor said it had to go to LR. It is being expedited though, or so she said. But why she didn't tell me it had to go to them originally and set my expectations accordingly I don't know. I thought it only had to go to the lender. Sigh.
    Hoping ours is with the land registry that would be a positive our seller has been waiting for the loan company to provide the land registry with something they didn't on their first attempt to remove the charge back in Feb. Still can't get any answer from the EA if it's at the loan company still or land registry. We have 3 weeks left of our mortgage offer hoping for a miracle now as we signed contracts back in Jan. We had to complete on our sale 3 weeks ago now because we were going to lose it if we didn't. So stressful isn't it we are into our 7th month since we accepted our offer on our old property and had the offer accepted our purchase. 

    Hoping ours is with the land registry that would be a positive our seller has been waiting for the loan company to provide the land registry with something they didn't on their first attempt to remove the charge back in Feb. Still can't get any answer from the EA if it's at the loan company still or land registry. We have 3 weeks left of our mortgage offer hoping for a miracle now as we signed contracts back in Jan. We had to complete on our sale 3 weeks ago now because we were going to lose it if we didn't. So stressful isn't it we are into our 7th month since we accepted our offer on our old property and had the offer accepted our purchase. 
    It's just horrendous. At least you're half way sorted. We can't break the chain, there is no viable option to. I've been begging my ex to - if he moved out and allowed our buyer to complete, I could take my half of the equity to complete on my purchase. But he's a **** and won't, even though it's his issue that's holding up/risking 4 other parties in this chain. :(
    Fingers crossed you get good news soon!
    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
  • sassypurple
    sassypurple Posts: 40 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Natbag said:
    Natbag said:
    This made me smile, need it at the minute still no news on our purchase and now down to last 3 weeks of mortgage offer - sellers EA seems to of gone AWOL so no idea where they are at sorting out the land registry issue.
    Fingers crossed someone gets some positive news this week as it seems really thin on the ground on here 
    Waiting on the Land Registry here too - my heart sank when my solicitor said it had to go to LR. It is being expedited though, or so she said. But why she didn't tell me it had to go to them originally and set my expectations accordingly I don't know. I thought it only had to go to the lender. Sigh.
    Hoping ours is with the land registry that would be a positive our seller has been waiting for the loan company to provide the land registry with something they didn't on their first attempt to remove the charge back in Feb. Still can't get any answer from the EA if it's at the loan company still or land registry. We have 3 weeks left of our mortgage offer hoping for a miracle now as we signed contracts back in Jan. We had to complete on our sale 3 weeks ago now because we were going to lose it if we didn't. So stressful isn't it we are into our 7th month since we accepted our offer on our old property and had the offer accepted our purchase. 

    Hoping ours is with the land registry that would be a positive our seller has been waiting for the loan company to provide the land registry with something they didn't on their first attempt to remove the charge back in Feb. Still can't get any answer from the EA if it's at the loan company still or land registry. We have 3 weeks left of our mortgage offer hoping for a miracle now as we signed contracts back in Jan. We had to complete on our sale 3 weeks ago now because we were going to lose it if we didn't. So stressful isn't it we are into our 7th month since we accepted our offer on our old property and had the offer accepted our purchase. 
    It's just horrendous. At least you're half way sorted. We can't break the chain, there is no viable option to. I've been begging my ex to - if he moved out and allowed our buyer to complete, I could take my half of the equity to complete on my purchase. But he's a **** and won't, even though it's his issue that's holding up/risking 4 other parties in this chain. :(
    Fingers crossed you get good news soon!
    That's a real pain makes it even more stressful for you. Fingers crossed land registry are quick for you, expediating it should speed it up. The whole process is so stressful and time consuming hope you get good news soon  
  • Caz_Mnaz
    Caz_Mnaz Posts: 304 Forumite
    100 Posts First Anniversary Name Dropper
    Officially tearing my hair out now....everyone is ready to exchange, the solicitors have said so.... Yet noone is talking completion dates whyyyyyyyyyyy

    Pushing as best I can from my side but also trying to work full time, from my mums whilst scoping out 24hr care for my dad who's also had a second stroke.... Will the world just give me a break!! 
  • BountyBlink
    BountyBlink Posts: 319 Forumite
    100 Posts Name Dropper
    Caz_Mnaz said:
    Officially tearing my hair out now....everyone is ready to exchange, the solicitors have said so.... Yet noone is talking completion dates whyyyyyyyyyyy

    Pushing as best I can from my side but also trying to work full time, from my mums whilst scoping out 24hr care for my dad who's also had a second stroke.... Will the world just give me a break!! 
    Oh no, sorry to hear about your Dad again, hope you have some good news later today that will give you & your Dad a real lift! 
  • BountyBlink
    BountyBlink Posts: 319 Forumite
    100 Posts Name Dropper
    Natbag said:
    Well I have no idea what to think. I spoke to our vendor's EA and they've said they are fine and will wait on this outstanding enquiry in the chain. Ok, but why are they messaging me telling me they will put the house back on the market if we can't complete this week. So I think they are hanging in there for now, but still by a thread I feel. It's going to be a long and painful however many more weeks. :(
    A few house moves ago back in 2008 I had an issue that needed to go back to LR and my solicitor managed to call the department and have my issue pulled and dealt with that day, I remember my solicitor citing “a chain a house mouse including young children and about to be made homeless” I think was the wordings my solicitor used. Can you not ask your solicitor to pick up the phone to them? 
  • BountyBlink
    BountyBlink Posts: 319 Forumite
    100 Posts Name Dropper
    So many typos!!!! Sorry my 4 year old grabbing my phone. -*a chain about to collapse (should have read) 
  • amyr
    amyr Posts: 117 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Really feeling the pressure today. Our buyer was late returning their signed contract, which should now arrive with their solicitor today. Is it feasible to ask for exchange on Friday this week? One day after the paperwork has been returned?

    We're away on our very-delayed UK honeymoon as of next Friday and desperately need to book a storage unit and removals firm. We've done as much as we can and I'm terrified of jinxing our situation if I go ahead and start firming up bookings! 
  • BountyBlink
    BountyBlink Posts: 319 Forumite
    100 Posts Name Dropper
    amyr said:
    Really feeling the pressure today. Our buyer was late returning their signed contract, which should now arrive with their solicitor today. Is it feasible to ask for exchange on Friday this week? One day after the paperwork has been returned?

    We're away on our very-delayed UK honeymoon as of next Friday and desperately need to book a storage unit and removals firm. We've done as much as we can and I'm terrified of jinxing our situation if I go ahead and start firming up bookings! 
    Yes, but they would need to ensure deposit was transferred today. I would if I were you get onto your selling agent, tell them to contact your buyer and ask them to transfer deposit funds today in readiness for exchange tomorrow. Also, depends when completion is as some lenders want 7 days to drawdown funds and some only 1-3 days. Hope that helps 
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