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
We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The NEW waiting to exchange thread...
Options
Comments
-
@natbagd and @amyr I'm still keeping fingers crossed for you, hoping it all goes through today!Natbag said:
My solicitor won't exchange until my redemption statement arrives - that's what stopped us exchanging yesterdayamyr said:Still finding things to worry about, even though we've exchanged. Emailed from our solicitor saying 'she's waiting for the redemption statement, then she will prepare a completion statement'.
Quite surprised she hasn't already obtained the redemption statement for exchange - unless it's usually requested again? We complete Friday so I'm a tad nervy about any utter disasters!
Hope you get all the paperwork you need today.
Now I read about this redemption statement, I have no idea what it is, so I assume I am yet again to await stuff from my solicitor! D'oh!Debt free journey started 30/08/2023:
CC1 - 5,151.92 now 5,335.15
CC3 - 4,166.15 now 5,345.28
CC4 - 4,625.87 (balance transfer from CC2) now 5,717.24
Current outstanding: 16,397.67
Debt free by Jul 2027.
Challenges:
NSD Apr 2025 - 7/20
NST Apr 2025 -
#31 1p savings 2025 £32.40/£667.95
2025 Fashion on the ration - Coupons remaining 43.5/660 -
@laura_lau - redemption statement is basically the final bill from your current mortgage lender, based on your completion date. So how much you still owe, any exit fees, etc.
Glad you got some joy with your solicitor and hope you can get those things done and exchange quickly too!1 -
Things were going smoothly - I had my completion statement and the purchase price was wrong - turns out the mortgage company put the wrong figure down and the agent never sent an amended memo when myself and the seller renegotiated price after valuation.Bank is sorting it and solicitor is waiting for confirmation from vendors solicitor before she issues a new completion statement. Hoping to exchange on Friday and complete 2nd June. I can’t move till the 8th so we have time if there’s a delay thankfully!0
-
Oh no! That happened to me last time I bought, so we couldn't exchange as planned. We ended up exchanging and completing on the same planned completion day. Hope it gets sorted quickly for you, and hopefully you'll be June 2nd and me 3rd, fingers crossed!caz_cardiff87 said:Things were going smoothly - I had my completion statement and the purchase price was wrong - turns out the mortgage company put the wrong figure down and the agent never sent an amended memo when myself and the seller renegotiated price after valuation.Bank is sorting it and solicitor is waiting for confirmation from vendors solicitor before she issues a new completion statement. Hoping to exchange on Friday and complete 2nd June. I can’t move till the 8th so we have time if there’s a delay thankfully!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: Completion0 -
Creaking towards the exchange!!! Solicitors are just going down the chain confirming everyone is ready to exchange and I'm sending my extra deposit over this afternoon.... Dare I dream this is going to be the one? 😂3
-
It sounds promising. Fingers crossed so tight for you!Caz_Mnaz said:Creaking towards the exchange!!! Solicitors are just going down the chain confirming everyone is ready to exchange and I'm sending my extra deposit over this afternoon.... Dare I dream this is going to be the one? 😂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: Completion1 -
sooo I just got an exciting call! we are now definitely working towards June 11th for completion
3 -
Yay!!! Please please do lease let this be YOUR day!!!Caz_Mnaz said:Creaking towards the exchange!!! Solicitors are just going down the chain confirming everyone is ready to exchange and I'm sending my extra deposit over this afternoon.... Dare I dream this is going to be the one? 😂1 -
Josephgousto said:sooo I just got an exciting call! we are now definitely working towards June 11th for completion
That’s so amazing!!!Josephgousto said:sooo I just got an exciting call! we are now definitely working towards June 11th for completion1 -
Great news @Josephgousto - I bet it's a relief to have a date to work to finally 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: Completion1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards