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The NEW waiting to exchange thread...

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Comments

  • CLJ2986
    CLJ2986 Posts: 461 Forumite
    100 Posts First Anniversary Name Dropper
    laura_lau said:
    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?
    All searches are back, enquiries are mostly answered, I think 1 is outstanding. I've signed the contracts and the mortgage deed. We thought we were close to exchange. Last Thursday I got an email saying they could now check proof of funds (I did send a proof of funds form back with a copy of the divorce settlement when we instructed the solicitor back in march) they asked for current bank statements and saving account, then statements showing the credits to my account and transfers to my savings account plus now proof of the small gift given by my partners mum (which doesn't form part of the deposit but has been used to cover fees) just wondering if I should be annoyed that its so late when we offered end of Feb, instructed solicitor in march, mortgage offer came through end of April (another long story of mistakes!) And searches have been back since April also. 
  • sw7
    sw7 Posts: 35 Forumite
    10 Posts Name Dropper
    asbear said:
    After 5 months, we have finally exchanged the contract with completion on 18th June. I wish everyone here will get their exchange done ASAP!

    Could anyone suggest any good link to follow to prepare the moving?
    Also, any suggestion about the moving company? I am moving from Surrey to Surrey but it's 20 miles drive.
    Woohoo, congratulations!

    Hoping I'll be in your shoes within a few hours but with a long chain I'm sure it will be very end of the day...
  • laura0289
    laura0289 Posts: 31 Forumite
    10 Posts Name Dropper
    @asbear congratulations, I'm in Kent and have arranged a man with a van, so much cheaper than the quotes I was getting from bigger removals. I actually booked mine Monday for the 25th as that was the earliest he could do. Id call some and check availability as they are getting so booked up 
  • laura0289
    laura0289 Posts: 31 Forumite
    10 Posts Name Dropper
    Our update, well its been just so stressful like many of you. Been ready to exchange for a week on the purchase but our buyer had not received his contract from his solicitor and when the EA chases either of them she has no luck. I just have had enough of it all. To top things off earlier in the week when I spoke to my solicitor he asked me hows things going with your sale , I just thought hang on your the solicitor shouldn't you be telling me, he also realised I hadn't been sent the contract or transfer for the sale. Want to exchange Wednesday at the latest otherwise I'll have to pay extra fees cause of expedited completion,  has anyone else come access this? 
  • laura_lau
    laura_lau Posts: 682 Forumite
    Seventh Anniversary 500 Posts Photogenic Name Dropper
    asbear said:
    After 5 months, we have finally exchanged the contract with completion on 18th June. I wish everyone here will get their exchange done ASAP!

    Could anyone suggest any good link to follow to prepare the moving?
    Also, any suggestion about the moving company? I am moving from Surrey to Surrey but it's 20 miles drive.
    Congratulations!!! I'm moving from Surrey to Surrey too! Haven't booked my removals yet, as I am still awaiting exchange, but the EA this morning referred me to Go 2 Removals. No idea how they work, but they might be local to you, if they are local to me!
    Let me know what you choose and how it goes! :) 
    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
  • Saddlerstu
    Saddlerstu Posts: 23 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    Everyone in my chain now in agreement for the 18th, solicitor sent the request for funds and redemption statement for sale, starting to get excited now!
  • laura_lau
    laura_lau Posts: 682 Forumite
    Seventh Anniversary 500 Posts Photogenic Name Dropper
    Everyone in my chain now in agreement for the 18th, solicitor sent the request for funds and redemption statement for sale, starting to get excited now!
    That's very good news! Keeping fingers crossed for you!
    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
  • laura_lau
    laura_lau Posts: 682 Forumite
    Seventh Anniversary 500 Posts Photogenic Name Dropper
    CLJ2986 said:
    laura_lau said:
    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?
    All searches are back, enquiries are mostly answered, I think 1 is outstanding. I've signed the contracts and the mortgage deed. We thought we were close to exchange. Last Thursday I got an email saying they could now check proof of funds (I did send a proof of funds form back with a copy of the divorce settlement when we instructed the solicitor back in march) they asked for current bank statements and saving account, then statements showing the credits to my account and transfers to my savings account plus now proof of the small gift given by my partners mum (which doesn't form part of the deposit but has been used to cover fees) just wondering if I should be annoyed that its so late when we offered end of Feb, instructed solicitor in march, mortgage offer came through end of April (another long story of mistakes!) And searches have been back since April also. 
    It sounds to me like they could have asked for all documents at an earlier stage, but I wouldn't worry too much about it, if everything is in order it shouldn't take them too long to do these checks, as far as I know. 
    I totally understand and share your pain with having all things ready for a while, as for your knowledge, and things are still not moving! Nothing really has been moving for me since I received my mortgage offer at the end of April. Hopefully you get news soon and you are not too far away from exchanging!
    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
  • asbear
    asbear Posts: 21 Forumite
    10 Posts Name Dropper
    laura_lau said:
    asbear said:
    After 5 months, we have finally exchanged the contract with completion on 18th June. I wish everyone here will get their exchange done ASAP!

    Could anyone suggest any good link to follow to prepare the moving?
    Also, any suggestion about the moving company? I am moving from Surrey to Surrey but it's 20 miles drive.
    Congratulations!!! I'm moving from Surrey to Surrey too! Haven't booked my removals yet, as I am still awaiting exchange, but the EA this morning referred me to Go 2 Removals. No idea how they work, but they might be local to you, if they are local to me!
    Let me know what you choose and how it goes! :) 
    Thanks! We have so many things in common. :) Hope you also get the exchange done very quickly.
    I will check out the company, hope there's some slot..
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