The NEW waiting to exchange thread...

mat1964

Natbag said:

@mat1964 – fingers crossed for a fast buyer and sale, or that you can complete with the workaround. I’m sure you’ll get there one way or another, good luck.

thanks very much :-)

Looks like we will have to use the work-around, which is my sale plus the mortgage and then substitute my GFs sale proceeds for the mortgage is she completes in time - or otherwise use the mortgage if not.  Mortgage valuation is this Weds.  It's interest only, and I'm right on the limit for what they will lend, so any down valuation will add another spanner in the works.

rubywhatashmoo

lzzwzz said:

Enjoying reading this thread although the process is sounding painful for a lot of you
I was wondering when people would advise Homebuyer Survey guidance is acted upon? My surveyor has said that there are a few issues with the roof and chimney that should be looked at.
My chain is still not complete... do I ask a roofer to pop round to have a look and quote me for repairs now, or later?
I'm not really sure if I would be asking for a reduction on the purchase price. It may depend on the roofer quote!

Seen as you’ve already paid for the survey you might as well get a roofer out now-we ended up doing the same with ours but the quote was only £200 to get all the little bits fixed so we’ll cover that when we move in

Natbag

mat1964 said:

Natbag said:

@mat1964 – fingers crossed for a fast buyer and sale, or that you can complete with the workaround. I’m sure you’ll get there one way or another, good luck.

thanks very much :-)

Looks like we will have to use the work-around, which is my sale plus the mortgage and then substitute my GFs sale proceeds for the mortgage is she completes in time - or otherwise use the mortgage if not.  Mortgage valuation is this Weds.  It's interest only, and I'm right on the limit for what they will lend, so any down valuation will add another spanner in the works.

It's great you have that option in the short term. We looked at the same for us, when we thought I couldn't get my sale through in time to save our joint purchase, but it was a no go sadly. Good luck with it, keep us posted!

amandacat

Good luck everyone this week-so many people are so close now :-)
I should be elated as I am meant to be completing this Friday but I am a nervous wreck, payment made to the solicitor now for the deposit-bank did part of it via faster payment from one of my accounts and had to do CHAPs from another account due to it being over the limit for what they could send as faster payment for the second part. Sense of panic now about whether they will receive the money e.g. what if it gets lost/has gone to the wrong account. Probably unnecessary anxiety on my part but that's what this process does to you. 
Other thoughts in my head- what if the mortgage funds don't come in time, what if the mortgage company changes their mind, what if the seller pulls out. 
Driving me mad but so much has gone wrong for me with selling and buying over the last 7 months that I won't be able to relax until I have had a call to confirm completion on Friday. 

Justonemorecupoftea

Feeling slightly calmer after the weekend about our buyer potentially pulling out - basically telling myself there's nothing I can do about it if they do decide to and agreeing an approach to any negotiations on price.

If we agree to a cheaper price would we have to reapply for our mortgage, or could we fill the gap with savings without letting our provider know?(I want to avoid unnecessary delays and they are cash buyers so wouldn't make any difference to them).

Natbag

@amandacat - that's how I feel, I won't be able to relax a little until exchange at least. We are so close now. Hang on in there, I'm sure all will go fine, fingers crossed for you.
@Justonemorecupoftea - if it's on your purchase, then yes, you will still have to update the lender even if the amount you're borrowing doesn't change, and they will need to reissue documents. I'm not sure if it's on your sale, I don't think we did as it made no difference to the deposit/borrowing amount or value of the property being bought. Just check with the lender/your broker to be on the safe side and avoid any delays later! Definitely update your solicitor asap though.

Sam2030

Natbag said:

@NAC2809 – oh no, that is frustrating. Hope it gets sorted soon. It’s usually the case that there is just no information given on timescales and then suddenly it just happens. Fingers crossed!

@goodwithsaving – sorry to hear that. Glad it was sooner rather than later though, and hope you find something else you love as much or more soon.

@Sam2030 – yay, congratulations! So pleased for you. All the best in your new home 😊

@mat1964 – fingers crossed for a fast buyer and sale, or that you can complete with the workaround. I’m sure you’ll get there one way or another, good luck.

@n0438 – glad you’re progressing at last, what a nightmare though. Fingers crossed for exchange asap for you!

Natbag said:

@NAC2809 – oh no, that is frustrating. Hope it gets sorted soon. It’s usually the case that there is just no information given on timescales and then suddenly it just happens. Fingers crossed!

@goodwithsaving – sorry to hear that. Glad it was sooner rather than later though, and hope you find something else you love as much or more soon.

@Sam2030 – yay, congratulations! So pleased for you. All the best in your new home 😊

@mat1964 – fingers crossed for a fast buyer and sale, or that you can complete with the workaround. I’m sure you’ll get there one way or another, good luck.

@n0438 – glad you’re progressing at last, what a nightmare though. Fingers crossed for exchange asap for you!

Thank you we are really enjoying the space and the back garden (just had a little yard before) it was proseco and fish n chips on Friday night in the garden to celebrate 🎉 . Oh and I could walk my daughter to school used to have to drive the positives are too long to list. I hope you get into your new home soon xx keep believing you will get there in the end xx

n0438

Just been told it's all definitely on for next Wednesday.  Whoop whoop.

Now we've called all removal companies that quoted.  None free.   Aaaargh.

caz_cardiff87

Congratulations to all that are finally moving forward! 

im still in limbo atm as searches were only returned a week ago so didn’t see the point in chasing just yet. Sooooo nothing to report from me as yet. 

Justonemorecupoftea

@Natbag thanks! I've just been planning for worst case scenarios. Or second worst case scenarios I guess (first being they pull out without negotiation...)

So glad we're looking at being in our next house for at least 10 years, I might've forgotten how stressful this all is by then (and we're only at the start...)