The NEW waiting to exchange thread...

Kazzam1984

Feeling fed up, was due to exchange this week. However we heard on Saturday someone at the top of the chain had pulled out. Waiting to hear if they will be going into rented or completely break the chain. I feel a mix of helplessness, gutted and angry that if we loose out house we have about 4k of solicitors fees to pay for and we are getting nothing at the other end  and 4k is a lot for us as we have scrimped and saved up for this move  to do it in the stamp duty window so we can get a house instead of myself my husnad and my 3 year old being in a flat. ugh

NotHydra

BountyBlink said:

BountyBlink said:

NotHydra said:

Hi everyone, could do with some advice. Searches etc are all done, enquiries are sorted.
1 June - Solicitors asked us for proof of funds for the money laundering. Everything sent back within 2 hours and said to expect a report back the following week (no explanation on what report that was)
8 June - EA phones to let us know that sellers have signed and returned contracts and want a completion date of the 25th June.

Our solicitor is now radio silent. No phone calls or emails answered. We have 0 indication of when to expect contracts, exchange or completion.

Do I work towards this date as a completion date? What would delay it except terrible solicitor? (We are 100% happy with this date) Notice needs to be given by the 20th for the month to month rental

I am so stressed, I am not sleeping and I cannot concentrate on work.

Send an email immediately now to your solicitor and copy in your agent. 

Subject (property you are buying) 

Dear 

The chain is ready. Confirm 25 June Completion. I give my authority to exchange without delay from today. 

Please can you update me ASAP. 

Many thanks 


then give it til after lunch, if no reply, forward it to the solicitor again with (Copy to vendor agent) 

dear

please can you confirm you have received my email below. I do not want the chain to fall apart and would be grateful for an immediate update. 

Many thanks 

if by 4pm no reply. Then email the partners... I can help with that later 

By copying in the agent if there is a delay in upward chain they will come back to you. If agent doesn’t then you need to push your solicitor. You can do it. 

I knew I came to the right place. EA has confirmed that chain is ready. I have sent the above first bit of the email. Now lets wait and see what happens.

I am in the mean time chasing up the place doing the building insurance to make sure that's sorted.

laura_lau

Kazzam1984 said:

Feeling fed up, was due to exchange this week. However we heard on Saturday someone at the top of the chain had pulled out. Waiting to hear if they will be going into rented or completely break the chain. I feel a mix of helplessness, gutted and angry that if we loose out house we have about 4k of solicitors fees to pay for and we are getting nothing at the other end  and 4k is a lot for us as we have scrimped and saved up for this move  to do it in the stamp duty window so we can get a house instead of myself my husnad and my 3 year old being in a flat. ugh

So sorry to hear that! This process is horrendous enough, without any need of added stress because of further things happening in the chain. I really hope the buyer of those who pulled out decides to go into rented, so the lower chain can still progress! Keep us posted! I'll keep fingers crossed for you!

bellabella

Just reading the above and like us a perfect worded email to solicitors/estate agents seems to make a difference in a matter of hours so to all those who reply THANK YOU  and to all those waiting my fingers are crossed for you x

BountyBlink

NotHydra said:

BountyBlink said:

BountyBlink said:

NotHydra said:

Hi everyone, could do with some advice. Searches etc are all done, enquiries are sorted.
1 June - Solicitors asked us for proof of funds for the money laundering. Everything sent back within 2 hours and said to expect a report back the following week (no explanation on what report that was)
8 June - EA phones to let us know that sellers have signed and returned contracts and want a completion date of the 25th June.

Our solicitor is now radio silent. No phone calls or emails answered. We have 0 indication of when to expect contracts, exchange or completion.

Do I work towards this date as a completion date? What would delay it except terrible solicitor? (We are 100% happy with this date) Notice needs to be given by the 20th for the month to month rental

I am so stressed, I am not sleeping and I cannot concentrate on work.

Send an email immediately now to your solicitor and copy in your agent. 

Subject (property you are buying) 

Dear 

The chain is ready. Confirm 25 June Completion. I give my authority to exchange without delay from today. 

Please can you update me ASAP. 

Many thanks 


then give it til after lunch, if no reply, forward it to the solicitor again with (Copy to vendor agent) 

dear

please can you confirm you have received my email below. I do not want the chain to fall apart and would be grateful for an immediate update. 

Many thanks 

if by 4pm no reply. Then email the partners... I can help with that later 

By copying in the agent if there is a delay in upward chain they will come back to you. If agent doesn’t then you need to push your solicitor. You can do it. 

I knew I came to the right place. EA has confirmed that chain is ready. I have sent the above first bit of the email. Now lets wait and see what happens.

I am in the mean time chasing up the place doing the building insurance to make sure that's sorted.

Good! Let us know if you need to escalate it to the Partners. You will get there 

BountyBlink

Kazzam1984 said:

Feeling fed up, was due to exchange this week. However we heard on Saturday someone at the top of the chain had pulled out. Waiting to hear if they will be going into rented or completely break the chain. I feel a mix of helplessness, gutted and angry that if we loose out house we have about 4k of solicitors fees to pay for and we are getting nothing at the other end  and 4k is a lot for us as we have scrimped and saved up for this move  to do it in the stamp duty window so we can get a house instead of myself my husnad and my 3 year old being in a flat. ugh

Oh so sorry. Why people mess with people’s lives I just don’t know. Can you renegotiate your purchase price? 

Lemonyrose13

Finally spoke to my solicitor on the phone! All enquiries have now been satisfied and we can proceed to discussing dates! Finally! Our vendor wants to make the Stamp Duty Holiday so we're cutting it close but fortunately I can be flexible on dates to fit in around them! Fingers crossed for exchange next week and completion either end of next week or start of the following week. For those of you just starting out and those of you who have been waiting what feels like a lifetime, it really does happen eventually! (And very suddenly!) We are currently on week 14 since having our offer accepted and have felt like we've been almost there for a month now! 

BountyBlink

laura_lau said:

Good morning everyone and good luck! @BountyBlink so good to see you are getting closer, I'm keeping fingers crossed until the very end!
Still have no news about my exchange, didn't happen Monday, didn't happen yesterday, hopefully it happens today, but no idea! I couldn't sleep last night! The lender sending out that form about building insurance when we asked to release funds really didn't help speed up the process, which I fear might be the reason why I haven't heard from my solicitor yet!
Let's hope today is the day! Wishing progress and good news to everyone today!!!

I’m so infuriated for you!!! This has gone on too long for you keep holding on! 

laura_lau

Thank you @BountyBlink! I'm currently on week 21 since my offer was accepted, I have no chain at all and no big problems came up, so I'm really feeling so much like groundhog day, every week passes without anything ever happening, even if I'm spending most of my working hours chasing left and right. 

BountyBlink

laura_lau said:

Thank you @BountyBlink! I'm currently on week 21 since my offer was accepted, I have no chain at all and no big problems came up, so I'm really feeling so much like groundhog day, every week passes without anything ever happening, even if I'm spending most of my working hours chasing left and right. 

Can I trump you with 28 weeks? lol however only 2.5 weeks since the chain became complete for third time lol. Hope we get in soon and can be in our gardens with a G&T!