The NEW waiting to exchange thread...

Tiddleshalifax

Sounds like we are all getting mad!! 😂

our solicitor emailed to say our buyers solicitor hasn’t returned the info - our buyer has spoken to his advisor (he’s a ftb using a mortgage advisor) and they’re saying he’s not returned info to them so they’re sorting thag with him! Our buyer is lovely as are the people we are buying from but it’s frustrating! 

Wow that’s a while cookie! Where abouts are you?
when I look on our LA site they quote 72 hours! But our solicitor says they’re taking max 3 weeks 

Wes121708

According to the EA we've exchanged! However not heard from the solicitors yet! Great for us as today is the date for 1 months notice in our rental. Due to complete on Friday so miss stamp duty as well! Happy days

Cookie211

Tiddleshalifax said:

Sounds like we are all getting mad!! 😂

our solicitor emailed to say our buyers solicitor hasn’t returned the info - our buyer has spoken to his advisor (he’s a ftb using a mortgage advisor) and they’re saying he’s not returned info to them so they’re sorting thag with him! Our buyer is lovely as are the people we are buying from but it’s frustrating! 

Wow that’s a while cookie! Where abouts are you?
when I look on our LA site they quote 72 hours! But our solicitor says they’re taking max 3 weeks 

We in wales 🏴󠁧󠁢󠁷󠁬󠁳󠁿 it’s a nightmare at the moment trying to buy a house,there is bidding wars going on everywhere, just want things to start moving now 

CLJ2986

Tiddleshalifax said:

Sounds like we are all getting mad!! 😂

our solicitor emailed to say our buyers solicitor hasn’t returned the info - our buyer has spoken to his advisor (he’s a ftb using a mortgage advisor) and they’re saying he’s not returned info to them so they’re sorting thag with him! Our buyer is lovely as are the people we are buying from but it’s frustrating! 

Wow that’s a while cookie! Where abouts are you?
when I look on our LA site they quote 72 hours! But our solicitor says they’re taking max 3 weeks 

Oh I'm furious now. They have been having intermittent phone issues since last month! And the website states to send an email to the person in charge of your matter, which they don't reply to. Instead of sending them an email I emailed my EA to thank her for her response yesterday and inform her that I have tried to call solicitor but phone issues etc so hopefully I'll hear something from them. All optimism has evaporated and I'm now feeling rather sad instead!

Wes121708

Quick question, if we've exchanged and the solicitors have the funds from the lender what's stopping us from completion!
Our solicitors have said she can't deal with the completion today and it's arranged for Friday.

Octothorpe

Question for those who may have experienced this...

Our FTB applied for their mortgage with  I think, Barclays and have 10% deposit.

Valuation took place over a month ago - all ok.

However, underwriters asked for an employment reference, or something like that.

Since then it's been THREE WEEKS and still no mortage offer!! We kept being told it'll be all sorted in X days but it never is and still with the underwriters.

EA says everyone is busy with June completions.  But how is that correct for mortgage offers?

He said he chased up FTB broker yesterday and will update me when he hears anything.

Any suggestions? Not sure how long to wait as house we are buying  is the only suitable one we've seen since starting this process back in March, so if for some reason our buyers can't fund it, I need to get my house back on the market asap...

ss2020jd

Octothorpe said:

Question for those who may have experienced this...

Our FTB applied for their mortgage with  I think, Barclays and have 10% deposit.

Valuation took place over a month ago - all ok.

However, underwriters asked for an employment reference, or something like that.

Since then it's been THREE WEEKS and still no mortage offer!! We kept being told it'll be all sorted in X days but it never is and still with the underwriters.

EA says everyone is busy with June completions.  But how is that correct for mortgage offers?

He said he chased up FTB broker yesterday and will update me when he hears anything.

Any suggestions? Not sure how long to wait as house we are buying  is the only suitable one we've seen since starting this process back in March, so if for some reason our buyers can't fund it, I need to get my house back on the market asap...

Not exactly the same situation but our buyer’s buyer was still waiting for a mortgage offer on the day we were due to exchange! Their solicitor said it was due to be issued any minute and we were surprised how late in the day this came to light.

I think the fact that everything is overloaded would also trickle down to mortgage applications and offers. There has been a huge lot of pent-up demand and most sectors are struggling to cope with this. 

How close are you to exchange apart from this? We are waiting and have so far agreed to a delayed completion in the hope that we will exchange soon although losing hope for today which was discussed earlier. Do your vendors know about the situation and how long would they be willing to wait? I know I would be more worried if they put their house back on the market if there was any chance that the offer could still come through. 

Rachel-nrbr

Second day of waiting to exchange. We’re told yesterday that the buyers solicitors were waiting for the help to buy isa statement which I assume they need to claim the bonus. Does anyone know how long it takes for them to get the funds once claimed? We’ve set completion for the 29th June 😳🤞🏻

climbthatwallseegar

hippocrates1 said:

WE HAVE EXCHANGED OMG CANT BELIEVE IT. Never thought this day would come.

CONGRATS!

harsxx

Rachel-nrbr said:

Second day of waiting to exchange. We’re told yesterday that the buyers solicitors were waiting for the help to buy isa statement which I assume they need to claim the bonus. Does anyone know how long it takes for them to get the funds once claimed? We’ve set completion for the 29th June 😳🤞🏻

Hi there my solicitor said 3-5 working days to claim the bonus