The NEW waiting to exchange thread...

laura0289

@ZSC excellent news well done and good luck.

laura0289

@sw7 exactly id feel the same as you. When my removal guy said on Monday that the 25th June was his earliest availability I just booked him , my estate agent got funny saying I shouldn't have as we've not exchanged but I thought I'll never find an available one if I leave it another week and we are only waiting on my buyer to send his contract back. I want to go round to his house and say I'll take it to the post office but think that may be frowned upon 🤔 

laura0289

asbear said:

laura0289 said:

@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 

Many thanks! Where did you book it through? I used AnyVan twice before but are there better ones?

My friend gave me his number as she used him in March and said he was good. He's quoted me £250 for one man or 2 for £375 and a big company quoted me £1400 so big difference.  Just try googled man and a van.

Justonemorecupoftea

@Reddington85 - I'd let them know you'll be remarketing the property whilst they make their mind up - avoid any delays and get those new viewings booked in!

GioSan

Today really seems to be a day of good news all around. All the best to those who are making progress and going though this graciously. We are inching closer to ours - we finally managed to get the Completion Certificate required by the Lender for the Underpinning works. Keeping fingers crossed to hear from them they are happy to release the money. Once that happens, we wil discuss the dates...so.. keep calm and carry on!

hippocrates1

My solicitor has started to discuss completion dates. I don’t dare to get excited 🤞🏻

Madhouse2_2

How long did everyone wait for a draft contract? 

Neither Solicitor or Estate agent seem to think 4 weeks is unreasonable, but I’m not so sure 🤷🏼‍♀️ It’s been four weeks since it was requested, been chased twice by our solicitors and several times by estate agent but no one has even managed to get any response from the vendors solicitor 😩

flyingv

So happy to see so many exchanges and completions since I last checked in, congrats to you all.  To those who are close, everything is crossed for you, and for those like me who are still waiting, waiting, waiting let's get drunk!

My update is that there is no update.  There has been no movement or progress for nigh on three weeks.  My solicitor is still waiting on the LA to respond to one of the enquiries.  It surely can't take as long as this to respond, it would probably take them all of 30 seconds to get the info we need and then email it over but no, they just can't manage it.  On the other side the EA can't get hold of buyer's solicitor but I'm guessing she's on holiday this week.  I've found a gorgeous house to rent that isn't available until early August and I can well imagine it will take that long to get this over the line.  21 weeks and waiting (and counting!).

Good luck everyone for tomorrow, I hope you all get some good news

Tiglet2

Madhouse2_2 said:

How long did everyone wait for a draft contract? 

Neither Solicitor or Estate agent seem to think 4 weeks is unreasonable, but I’m not so sure 🤷🏼‍♀️ It’s been four weeks since it was requested, been chased twice by our solicitors and several times by estate agent but no one has even managed to get any response from the vendors solicitor 😩

Before the seller's solicitor sends your solicitor the draft contract, this is what happens:
Seller instructs solicitor
Solicitor sends seller their terms of business, their ID form for completion, the protocol forms for completion  (Property Info Form/Fixtures & Contents/Leasehold Info Form)
Seller sends the signed terms of business letter back, sends their certified ID and the ID form back, completes the protocol forms and encloses any copies of certificates/building regs or other associated paperwork.  The seller may also need to pay some funds to the solicitor to start work.
Once the solicitor receives all the documentation, the ID is reviewed and an AML check is made.
Solicitor opens file and sets up an online account/tracker for the seller.
Solicitor orders copy title documents from Land Registry
Solicitor drafts the contract
Solicitor copies or scans all documents
Solicitor sends the documents and draft contract to the buyer's solicitor.

Believe me, 4 weeks is not unreasonable.  If your Solicitor and the seller's EA have been chasing several times, I can see why the seller's solicitor does not want to speak to them during a time of unprecedented demand.

Madhouse2_2

Tiglet2 said:

Before the seller's solicitor sends your solicitor the draft contract, this is what happens:
Seller instructs solicitor
Solicitor sends seller their terms of business, their ID form for completion, the protocol forms for completion  (Property Info Form/Fixtures & Contents/Leasehold Info Form)
Seller sends the signed terms of business letter back, sends their certified ID and the ID form back, completes the protocol forms and encloses any copies of certificates/building regs or other associated paperwork.  The seller may also need to pay some funds to the solicitor to start work.
Once the solicitor receives all the documentation, the ID is reviewed and an AML check is made.
Solicitor opens file and sets up an online account/tracker for the seller.
Solicitor orders copy title documents from Land Registry
Solicitor drafts the contract
Solicitor copies or scans all documents
Solicitor sends the documents and draft contract to the buyer's solicitor.

Believe me, 4 weeks is not unreasonable.  If your Solicitor and the seller's EA have been chasing several times, I can see why the seller's solicitor does not want to speak to them during a time of unprecedented demand.

Thanks Tiglet2 I do understand there is plenty of paperwork etc to be completed beforehand a good amount of which the buyer has to do too. 

What I can’t seem to get from anyone is if 4 weeks isn’t unreasonable what is the expected timeframe for receiving draft contracts?