The NEW waiting to exchange thread...

Caz_Mnaz

laura_lau said:

ZSC said:

laura_lau said:

@ZSC thank you! good luck to you too! We can be bags of nerves together on this forum    I have no idea even if it is a possibility to exchange today, since my seller's solicitor has been unreachable (even from the seller herself and her EA) since last week. so I'm nervously waiting any kind of news. Just called the EA and they haven't heard anything either, so they'll try to get hold of the solicitor (they weren't able on Tuesday) and call me back, hopefully with some news. 

I don’t know if your like me but I’m refreshing my emails every ten minutes to see if anything has happened!!!! 

I refresh my emails every 3 minutes, and i've been doing it for a while now! It's driving me insane, aha! My productivity will increase a lot once all of this is finished! I'm pretty sure most of us, at this stage, are doing the same!

I was lost once we'd exchanged without the constant email checking 😂😂😂

laura_lau

Caz_Mnaz said:

laura_lau said:

ZSC said:

laura_lau said:

@ZSC thank you! good luck to you too! We can be bags of nerves together on this forum    I have no idea even if it is a possibility to exchange today, since my seller's solicitor has been unreachable (even from the seller herself and her EA) since last week. so I'm nervously waiting any kind of news. Just called the EA and they haven't heard anything either, so they'll try to get hold of the solicitor (they weren't able on Tuesday) and call me back, hopefully with some news. 

I don’t know if your like me but I’m refreshing my emails every ten minutes to see if anything has happened!!!! 

I refresh my emails every 3 minutes, and i've been doing it for a while now! It's driving me insane, aha! My productivity will increase a lot once all of this is finished! I'm pretty sure most of us, at this stage, are doing the same!

I was lost once we'd exchanged without the constant email checking 😂😂😂

😂😂😂 Yeah, so much free time! How's your packing going? Is completion tomorrow? I lost track of dates!

Firsttime2021

Update all paper work on my parents side sent off to their solicitors, their solicitors sorting out their indemnity policy, so we should fingers crossed be exchanging very very soon!!

hoping before Wednesday as my parents go away for the week. 

asbear

laura_lau said:

ZSC said:

laura_lau said:

@ZSC thank you! good luck to you too! We can be bags of nerves together on this forum    I have no idea even if it is a possibility to exchange today, since my seller's solicitor has been unreachable (even from the seller herself and her EA) since last week. so I'm nervously waiting any kind of news. Just called the EA and they haven't heard anything either, so they'll try to get hold of the solicitor (they weren't able on Tuesday) and call me back, hopefully with some news. 

I don’t know if your like me but I’m refreshing my emails every ten minutes to see if anything has happened!!!! 

I refresh my emails every 3 minutes, and i've been doing it for a while now! It's driving me insane, aha! My productivity will increase a lot once all of this is finished! I'm pretty sure most of us, at this stage, are doing the same!

My solicitor called me in the morning and said he will try to exchange today. The seller's solicitor maybe off today, but hopefully someone else in the firm would be able to get the deal done. I am waiting for any news but still nothing. Just got a call from the the garage where I dropped my car in the morning due to an engine fault, I need to pay £525 for. I really need some good news. 😇

Hope your refreshing would came back with a joyful message soon.

laura_lau

@asbear thank you! good luck for your exchange, keep us posted when it happens! Car expenses at this time are not what once would need, so sorry that happened to you! hopefully everything else goes smoothly!

Caz_Mnaz

laura_lau said:

Caz_Mnaz said:

laura_lau said:

ZSC said:

laura_lau said:

@ZSC thank you! good luck to you too! We can be bags of nerves together on this forum    I have no idea even if it is a possibility to exchange today, since my seller's solicitor has been unreachable (even from the seller herself and her EA) since last week. so I'm nervously waiting any kind of news. Just called the EA and they haven't heard anything either, so they'll try to get hold of the solicitor (they weren't able on Tuesday) and call me back, hopefully with some news. 

I don’t know if your like me but I’m refreshing my emails every ten minutes to see if anything has happened!!!! 

I refresh my emails every 3 minutes, and i've been doing it for a while now! It's driving me insane, aha! My productivity will increase a lot once all of this is finished! I'm pretty sure most of us, at this stage, are doing the same!

I was lost once we'd exchanged without the constant email checking 😂😂😂

😂😂😂 Yeah, so much free time! How's your packing going? Is completion tomorrow? I lost track of dates!

Yes completion tomorrow!!!! Packing is a bit of a s**t show, today is my first day off all week and there's a lot to do for one person (who is, as it turns out, useless at packing 😂) 

laura_lau

@Caz_Mnaz sending you all my energy (I don't need it for this week anyway) and positive vibes for your packing and completion! Hope you still have some Magnums to get you through the day!! 

TheTruemans

sw7 said:

TheTruemans said:

Thanks! No my confusion was that the loan amount was £166,000 but the amount required would be £171,000 which is the theoretical maximum amount, Apparently our broker make a mistake and put our deposit as £24,000 not £19,000 - apparently a simple fix
** Anxiety entered the chat ** (Again)

Ah, sorry, I misunderstood. Interesting that the broker can just update that to borrow the maximum for that product, presumably without needing to reapply?

Ours says we can borrow 95% LTV which is surprising considering we're putting down 20%. If we decided last minute to only pay 5% deposit,  I wonder if that would be a simple fix too...  (obviously not going to).

Phew... all sorted... underwriter will need to reissue another offer which will cause a few days delay but silver lining is our broker renegotiated our rate from 3.22% to 3.07%

** Anxiety has left the chat **

CLJ2986

All those about to exchange/have exchanged when did you have to provide proof of funds to your solictor? I just feel like mine has left it late to even ask for it. Surely this could have been done alongside everything else? Or am I missing something that means it's gotta be done closer to exchange? 

laura_lau

CLJ2986 said:

All those about to exchange/have exchanged when did you have to provide proof of funds to your solictor? I just feel like mine has left it late to even ask for it. Surely this could have been done alongside everything else? Or am I missing something that means it's gotta be done closer to exchange? 

Proof of funds is the very first thing my solicitor asked for, together with my ID's, and same did the EA and the lender provider. They wouldn't have started working on my case if I hadn't satisfied the anti-money laundering checks in the first place. I'm not sure if it's a pre-requisite for the solicitor, or if it depends on the internal policy of different places on when to do it, but why do you think it is late? Are you close to exchange and your solicitor hasn't asked for proof of funds yet?