The NEW waiting to exchange thread...

caz_cardiff87

Natbag said:

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! 

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!

It was so frustrating - I was just about to send the funds over! Just called them and she’s been doing completions all day so is logging on to the portal ASAP to see where we are at. 

Thankfully I’m on a rental and have till the 11th but can pay a day rate for any additional days I need (hopefully none!) so not stressing, I’ve packed a fair bit as I am working next week but can hopefully move in the week after! 

good luck to you!! 

Natbag

caz_cardiff87 said:

Natbag said:

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! 

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!

It was so frustrating - I was just about to send the funds over! Just called them and she’s been doing completions all day so is logging on to the portal ASAP to see where we are at. 

Thankfully I’m on a rental and have till the 11th but can pay a day rate for any additional days I need (hopefully none!) so not stressing, I’ve packed a fair bit as I am working next week but can hopefully move in the week after! 

good luck to you!! 

Oh that's something at least, it's good that you can do that, it definitely takes the pressure off a bit!
Thank you!  

Natbag

Me waiting to hear news on my exchange like:

laura_lau

@Natbag this really made me laugh! It represents it soo well! I'm still keeping fingers crossed for you!
I wrote to my solicitor, I proposed exchange on 2nd June and completion on 4th, let's see what she thinks. When she'll reply, probably Friday.

Caz_Mnaz

Natbag said:

Me waiting to hear news on my exchange like:

😂😂😂😂😂😂

All quiet my end too... Let me take a guess that the slow and elusive solicitor is remaining true to form! 

BountyBlink

Natbag said:

Me waiting to hear news on my exchange like:

Lol! Who would have thought it would be this hard to spend money hey?!! 

277Hz

Hi all, good luck to everyone hoping to exchange this week! I've been watching this thread with interest which has been really helping me get through the stress of it all! I am so relieved to say that we exchanged today after a rollercoaster seven months. I'm sure there are more complicated and stressful timelines out there but I post ours below to hopefully give others confidence that it can eventually happen despite all the stress!

02/11/2020 Decision made to sell and move - contacted 3 x EAs for valuations

16/11/2020 Instructed EA

23/11/2020 Sale property goes on the market

25/11/2020 Viewings start

28/11/2020 Received offer at asking price

30/11/2020 Sale offer accepted

01/12/2020 Solicitor appointed

05/12/2020 Viewing at purchase property, advised by vendors that there will be no onward chain

07/12/2020 First offer on purchase submitted

11/12/2020 Purchase offer accepted

18/12/2020 We discover our solicitor is not on lending panel for our mortgage provider (despite saying they were)

21/12/2020 Appointed new solicitor who is on lending panel for chosen mortgage provider

21/12/2020 Mortgage application submitted

05/01/2021 Advised by vendors EA that there will be no onward chain

11/01/2021 Our mortgage offer received

11/01/2021 Buyer's homebuyer survey undertaken at our property

21/01/2021 Our building survey undertaken at purchase property

22/01/2021 We chase buyer via EA as we have not heard from them since survey - they tell our EA they had pulled out without telling them, don't make it clear as to why and then won't respond to emails or calls

25/01/2021 We relist our property (at reduced price for fear of losing our purchase)

16/02/2021 Vendors confirm they are willing to wait for us to get another buyer, reviewed on a weekly basis

18/02/2021 Vendors change their mind and put their property back on the market

19/02/2021 Offer accepted from new buyer

25/02/2021 Mortgage application revised due to reduced sale price

08/03/2021 Revised mortgage offer received

09/03/2021 All our queries are satisfied and our solicitor confirms we are ready to exchange on purchase

22/02/2021 Vendors confirm they are happy for us to rejoin the chain

26/02/2021 Buyer mortgage valuation survey undertaken at our property

22/03/2021 Buyer homebuyer survey undertaken at our property

01/04/2021 After over a month repeatedly asking for an update from vendors EA, they advise that there are five entries in the chain above our vendor, including a probate application at the top

08/04/2021 Buyers want to have a structural survey done, we agree to split the cost so that we will have the report in case buyer #2 also pulls out

15/04/2021 Vendors EA says they are ready to exchange as everyone else in chain is ready (which turns out not to be true)

20/04/2021 Structural survey undertaken at our property

22/04/2021 Structural survey report received - no major issues

23/04/2021 Vendors EA confirms everyone is ready to exchange except probate at the top

13/05/2021 Buyers confirm they are ready to exchange

16/05/2021 We hear directly from our vendor that the probate application at the top is breaking the chain, so everyone is ready to exchange

17/05/2021 Buyers request completion on 21/05 but that doesn't work for rest of the chain so we propose exchange on 20/05 and completion on 02/06

20/05/2021 We hear from EA above our vendor that one of our vendors (they are a divorced couple) does not have a mortgage offer, and the other vendors purchase isn't ready as searches haven't been returned

20/05/2021 We hear directly from our vendors that they are going to break the chain so everyone is ready to exchange tomorrow

21/05/2021 We attempt exchange #1, buyer solicitor not ready but says will be next working day

24/05/2021 We attempt exchange #2, buyer solicitor not ready but says will be next working day

25/05/2021 We attempt exchange #3, buyer solicitor not ready but says will be next working day

26/05/2021 Exchange #4 is successful! Completion on 2nd June

02/06/2021 Completion - 7 months to the day since first contact with EA

firsttimesellerldn

Natbag said:

Me waiting to hear news on my exchange like:

100% this. I've emailed my completion date preferences over and tried to call, but am now awaiting some concrete news.. 

Having to pay back a Help to Buy loan adds an extra bit of fun as they ask for 15 days notice, so I'm hoping that notice is given today otherwise a potential completion date just gets further away. 

Fingers crossed for all of us!

GioSan

Hope everyone expecting new today gets it and the wisdom of this group helps others on their journey. Having said that, I really need an advise - we are very close to the end (I believe) - I've just completed all the paperwork to be sent to solicitor, however one of the document is the mortgage valuation report which I received from my Lenders months ago - and I think I have misplaced it (yes, can you believe it - I was trying to make the process more exiting lol!) - Now my solicitor is asking to reach out to Lender - I took my mortgage through a broker. The broker said Solicitors are best placed to get this quickly. Pls can someone advice - how do I cross this hill. I'm sure it's not the LAST one!

Natbag

@277Hz - welcome, and congrats! That is quuite some timeline. We started around the same time, I just haven't put all of the stuff pre-offer on my timeline (trying to block it out lol!). Good luck with the move!
@GioSan - did you get a copy on email? I would still contact the lender, it's your name on the mortgage so they will deal with you. Start there, and see how you get on.