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The NEW waiting to exchange thread...

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  • laura_lau
    laura_lau Posts: 682 Forumite
    Seventh Anniversary 500 Posts Photogenic Name Dropper
    @asbear I totally agree, and I feel I have been too "gentle" too, until a couple of weeks ago. I was assuming the same as you, that being patient and understanding of the workload of these busy times wouldn't damage me, but now I really think it did. Which is why I want to turn into their worst nightmare now! I also regret not choosing a conveyancer close to my current address, as I have no way of just showing up at the office to chase. If I ever go through this process again, I will get the closest best solicitor I can afford, and will go there regularly for updates, so they can't keep ignoring me!
    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 43.5/66
  • Tiamatriax
    Tiamatriax Posts: 11 Forumite
    10 Posts
    Hello!

    I've been following this thread for a while as a first time buyer! We are far in the buying process now and wanted to share our timeline and experience:
    20/03/21 - offer submitted
    22/03/21 - offer accepted
    23/03/21 - solicitors instructed
    26/03/21 - mortgage offer recieved
    09/04/21 - survey completed on our property
    22/04/21 - all contract papers recieved and other relevant documents
    29/04/21 - enquires sent
    05/05/21 - searches recieved
    12/05/21 - all contracts and relevant paperwork signed and recieved by our solicitors
    28/05/21 - we discover we need to sign and pay for a pet license to keep our budgies (we need this as its a leasehold apartment)
    03/06/21 - pet license signed and recieved by our solicitors
    04/06/21 - Only 1 more enquiry outstanding!! An updated NHBC certificate
    04/06/21 - Request for our deposit, all legal fees and additional evidence requested
    05/06/21 - Additional evidence sent and recieved by our solicitors
    07/06/21 - Our deposit and legal fees paid

    We are first time buyers and the sellers are buying a property with no chain. Hoping we can exchange and complete before July!
    Just hoping this outstanding enquiry doesn't take too much longer 🙏
    Our last enquiry has been answered today!!
    Now agreeing a completion date - hopefully for the end of June!
  • mat1964
    mat1964 Posts: 192 Forumite
    Third Anniversary 100 Posts Name Dropper
    So after a bit of a saga, I finally exchanged today.  Currently I am buying our new build with my sale proceeds and a mortgage after my GF's sale fell through.  However, we don't complete until early September so if she can re-sell her house, we won't need to use the mortgage and the developer has agreed we can add her back into the contract - for a fee (had to take it out as the mortgage is only in my name).  If she doesn't sell in time, we will be left with an £8k early repayment charge, but it really was the only solution.
  • naomibm
    naomibm Posts: 90 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    @laura_lau Very true! We have had a hideous time with first awful buyers pulling out and terrible solictors on a few sides, and estate agents. We finally exchanged last Tuesday-only due to us constantly chasing every solictor, buyer and seller in the chain!! 😆 We move tomorrow and I'm finally getting a bit excited! 
    @bountyblink Rooting for you!

  • I learned the hard way that being ‘nice’ and polite with my solicitor did not pay and in the last few weeks have had to chase relentlessly and bluntly ask her to explain what is causing all the delays. It turned out there were open enquiries with my freeholder that I didn’t know about that had remained unanswered for 6 weeks. Once I knew, I stalked the Freeholder daily and we are now down to the final enquiry. I managed to get almost all answers in 7 days just by calling and being a pain (I truly think the Freeholder hates me at this point!) I am annoyed with my solicitor tbh and the complete lack of urgency. 
  • Lorann_86
    Lorann_86 Posts: 61 Forumite
    10 Posts Name Dropper
    We spoke to our solicitor last week and they said he thinks it's possible that we could be done at the end of this month! Our buyer raised a few enquiries today, we are waiting for enquiries and searches (due back next week). Homebuyers survey due next week too (our buyer doesn't seem to have arranged one?) So not expecting a June completion in all honesty but it would be nice. I suppose if everything comes back on time and no further follow ups there is a chance! We shall see!
  • CLJ2986
    CLJ2986 Posts: 461 Forumite
    100 Posts First Anniversary Name Dropper
    Does anyone know what happens if an enquiry can't be answered? There is one that's been asked about a right of way, and the estate agent has said today the vendors solicitor have sent it back saying that can't provide any documents or anything about it as there isn't any right of way. I'm going to call my solicitor tomorrow to see what they say but now I'm worried its going to cause delays 😳
  • naomibm
    naomibm Posts: 90 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    @CLJ2986
    From what I know...you can pay for indemnity insurance which usually costs about £250...but ask your solicitor if it would work in that case. I dont see why not. My folks didn't find out who owned the private road their house is on for years til after moving in and I dont know who owns the lane at the back of our house we're buying! 😆
  • baileykxo
    baileykxo Posts: 110 Forumite
    100 Posts Name Dropper
    naomibm said:
    @CLJ2986
    From what I know...you can pay for indemnity insurance which usually costs about £250...but ask your solicitor if it would work in that case. I dont see why not. My folks didn't find out who owned the private road their house is on for years til after moving in and I dont know who owns the lane at the back of our house we're buying! 😆
    I agree, I don’t see why it wouldn’t work! I’ve been told exactly this because of the delay in searches right now. So this seems like the best option. 
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