The NEW waiting to exchange thread...

cjmillsnun

Latest details only Full timeline is available on Awaiting Mortgage decision
13/7 - DIP from Halifax after previous mortgage offer had expired and company were throwing unreasonable conditions in - There had been months of enquiries and answers in the previous 4 months and we were days from exchanging.....
15/7 Application in
26/7 Valuation
1/8 Offer from Halifax - two enquiries only which our solicitor already had the answers to
7/8 Mortgage deed signed, witnessed and returned to solicitor Deposit money is with the solicitor....

vixki

Alright I'll add my timeline too:

22/07 Viewed house
24/07 Put in offer, offer accepted
31/07 Mortgage application sent in
04/08 Nationwide valuation

And that's it so far. I can see I'm going to be getting impatient along the line!

LuckyG

Sorry to hear that happytails how disappointing.

I really hope everything works out for you.

LuckyG

Had my help to buy ISA bonus back the other day.

There's so many things I need to buy but I bought a new tv

Logicalsquirrel

Text from Nafionwide, mortgage offer in the bag!

Was ironically in the queue at Nationwide when I got the message lol

Collected my HTB ISA closing statement for solicitor.

Can't believe I applied on Wednesday and have offer on Tuesday!

Lu_equi

Lu_equi wrote: »

Still waiting for enquiries to be answered.... I have since "again" brought up the fact that our mortgage offer has FLAT 4 on it instead of No.4 as there are two properties on the street I can only assume this would be a problem with where our mortgage statements would get sent too etc ! .


In terms of the loan it would be secured against the correct property when the solicitor sends off the registry details etc. (They have correct address). I have just asked our broker if Halifax are to amend this will it go through the whole process again hoping to exchange this month..


Halifax's valuation was done at the correct property and has the correct address on their valuation report so therefore this I would hope is just a clerical error that can be amended in 10 mins!.


Hope everyone is getting that little bit closer. I was thinking we started this process in April however it was MARCH after looking through old paperwork ! definitely dragging this one out one thing after another for us as FTB I am put off for life!

I thought I would add my full timeline as I haven't as of yet.


15/03/17 Viewed property
22/03/17 Made offer
23/03/17 Offer accepted
24/03/17 Mortgage broker submitted application
24/03/17 Valuation Booked
29/03/17 Valuation completed
03/04/17 Mortgage offer received
05/04/17 Solicitors Instructed
04/05/17 All pre contract info sent over to us
05/05/17 Completed and returned
Chasing every day for contract draft etc .....
still chasing ....
26/06/17 Seller FINALLY gets everything over
28/06/17 Searches submitted
12/07/17 All searches back and received local authority was taking ages! so I called the council who said they couldn't not advise as I had not ordered it direct . Amazingly our solicitor received it within an hour of my call :rotfl:
19/07/17 Solicitor raised enquiries and sent to seller solicitor
Seller solicitor on holiday for 1 week , its a one man band and a PA by sounds of it !.
26/07/17 Phone seller direct to see his view on what is happening states he has got to have a look at his emails ! **Bangs head on wall** politely reminds him our offer is only until end of August otherwise we will go elsewhere as been VERY patient**.
01/08/17 Our solicitor chases his solicitor for an update . PA tells her he is looking as the case file .
04/08/17 Ask mortgage broker to amend mortgage offer address
07/08/17 I chase for updates advised will chase them again .....
08/08/17 Mortgage broker advised everything ok amended paperwork will be sent out
09/08/17 Other half is going to call as our solicitor again today and the seller to see where we are at !.


And to those hoping exchange is going to be done in a certain timescale I really hope it works out for you however we was told 20 days! we have found the littlest things take the longest to sort.... it will now be the 6th Month for us so I wouldn't bet your money on anything when it comes to Solicitors and sellers and I definitely wouldn't book removals etc until exchange (personal opinion)!!.


Hopefully I will have some good news next week .


Good Luck to all of you ! L xx

betsycat

We're close to exchange... but also now not, because the garden (flat with leasehold) isn't included on the Land Registry title. Am I right in thinking that's very much not a quick thing to fix?

karl1989

cornid wrote: »

Was meant to exchange last Friday (4th) ready to complete this Friday (11th) and move on the weekend. Still waiting to exchange but hoping for a simultaneous exchange and completion. Came across this site while searching online for some hope that this came still all happen before the weekend!

Very frustrating that I'm ready to move and the house I'm buying is empty and yet we still can't get it all done!

Hi Cornid,
similar to us then!
we should have been in a long time ago, definitley should have exchanged last week latest but for whatever reason we still have not exchanged and have been told (fingers crossed)
we should be able to simultaneously exchange and complete tomorrow, yippeee!
but given the rollercoaster ride so far i am being pessimistic now, whats the saying "it aint over til the fat lady sings" well i cannot hear any singing and the minutes keep ticking by...
hopefully the solicitors can deliver for tomorow as we are living in virtually a couple of boxes whilst everything is in storage due to us being packed about 6 weeks ago when we were told we would be moving out

michael1234

karl1989 wrote: »

Hi Cornid,

hopefully the solicitors can deliver for tomorow as we are living in virtually a couple of boxes whilst everything is in storage due to us being packed about 6 weeks ago when we were told we would be moving out

That is exactly what we are trying to avoid by having a month between exhcange and completion. Who knows when our fat lady is gonna sing thought !

Land_Registry

betsycat wrote: »

We're close to exchange... but also now not, because the garden (flat with leasehold) isn't included on the Land Registry title. Am I right in thinking that's very much not a quick thing to fix?

betsycat I suspect not but all depends on how it has happened and what the remedy is. Worse case scenario is if the leasehas to be varied to include or a new lease drawn up. Best case is if it was a registration error and the existing lease includes.

Either way when the seller applies to have the title 'corrected' they need to include details of the onward sale and ask us to consider expediting the application. The solicitor involved should be able to advise on the above though and what needs to be done and possible timescales.