The NEW waiting to exchange thread...

Rincewindcl

Hi all,

Lovely to read of all of your exchanges and I'm sorry to see some of you have had similar issues to me.

As you all know, everything collapsed at the top of the chain just before exchange last Friday which was absolutely devestating, but the people we are buying from wanted to stick with us as their buyer and set themselves on a hunt for a new property. I've just had a call from their estate agent and it seems they have found, offered, been accepted and started the process as of today. The EA says we can get it all wrapped up within 6 weeks if we push (since our own searches, documents etc. are already signed and done). Round two ding ding!

laura_lau

Rincewindcl said:

Hi all,

Lovely to read of all of your exchanges and I'm sorry to see some of you have had similar issues to me.

As you all know, everything collapsed at the top of the chain just before exchange last Friday which was absolutely devestating, but the people we are buying from wanted to stick with us as their buyer and set themselves on a hunt for a new property. I've just had a call from their estate agent and it seems they have found, offered, been accepted and started the process as of today. The EA says we can get it all wrapped up within 6 weeks if we push (since our own searches, documents etc. are already signed and done). Round two ding ding!

Wishing you best of luck and a speedy “round 2”! BountyBlink was able to exchange in record time after the chain collapsed, so you know it can be done! Lots of project management from her side to make it happen, but ultimately we all put in quite a bit of chasing, so it might still be similar effort! 

GioSan

Just got an email from my solicitor and........

WE'VE EXCHANGED ...completing Monday!

...what an eventful 18 weeks....can't believe that I don't have to check my gmail for hours everyday! Can do some real work

IronMan22

IronMan22 said:

So it looks like we're about to enter this stage, as the two above us in the chain are hoping to complete before the end of the stamp duty holiday. There was back and forth on some issues but now look resolved and see if this can get done. 

Heartened (but still nervous) to read that some report mixed communication levels with their solicitors. We've asked if there are things we are meant to see in advance, or check it is as we know it etc, he has told us everything is in order and we will see what we need to do when he sends everything over which seems mad but oh well. 

Still a lack of info from our solicitors, proving impossible to actually speak to but eventually replied to an email to say exchange would be in the next few days for completion by the end of the month and they'll send us anything we need to see/do then. Still not seen anythhing despite checking on what we need to do for deposit, anything on fixtures and fittings. As we know it, the rest of the chain is waiting and ready. 

Nagging feeling something isn't right but just left to wait and see. 

CLJ2986

My update is..... there is no update. We are in exactly the same position as a week ago. The assistant did say she would speak to my solicitor after she got off the phone to me to see what she said about the AML checks but I doubt ill hear anything back today now. 

Rincewindcl

laura_lau said:

Rincewindcl said:

Hi all,

Lovely to read of all of your exchanges and I'm sorry to see some of you have had similar issues to me.

As you all know, everything collapsed at the top of the chain just before exchange last Friday which was absolutely devestating, but the people we are buying from wanted to stick with us as their buyer and set themselves on a hunt for a new property. I've just had a call from their estate agent and it seems they have found, offered, been accepted and started the process as of today. The EA says we can get it all wrapped up within 6 weeks if we push (since our own searches, documents etc. are already signed and done). Round two ding ding!

Wishing you best of luck and a speedy “round 2”! BountyBlink was able to exchange in record time after the chain collapsed, so you know it can be done! Lots of project management from her side to make it happen, but ultimately we all put in quite a bit of chasing, so it might still be similar effort! 

Thank you, and I'm sorry to hear of your continuing frustration. Hope you get some traction soon!

Rincewindcl

GioSan said:

Just got an email from my solicitor and........

WE'VE EXCHANGED ...completing Monday!

...what an eventful 18 weeks....can't believe that I don't have to check my gmail for hours everyday! Can do some real work

Congratulations!

laura_lau

GioSan said:

Just got an email from my solicitor and........

WE'VE EXCHANGED ...completing Monday!

...what an eventful 18 weeks....can't believe that I don't have to check my gmail for hours everyday! Can do some real work

Congratulations! Good luck for a speedy and smooth completion next week!!! 

lzzwzz

I've just come back from a paperwork signing meeting with my solicitor in which she told me that my sellers solicitor has now missed the deadline for us to be able to exchange and complete next week (before SDLT deadline).
I knew it sounded too good to be true last Friday when they dropped the bombshell that they were aiming for that date!

There are still enquiries outstanding, and apparently my sellers seller is using a large national conveyancer who won't be moving very quickly and won't have entertained the last minute bombshell of completion next week!

Ahhhh well....

Ghafari

Hi all - been very useful following up your advice here. 

My searches were requested 1st of June and although I chased the council and they confirmed they have done their bit on the searches on the 15th of June my solicitor says the results weren’t complete and they still await the search provider to give the full local searches due on 25th of June. 

Because of searches delay and my solicitor being super busy with other “prioritised workload” they only sent partial enquiries to sellers yesterday and e are yet to hear back. 

Today I got this message from my solicitor: 

“I have not received replies to enquiries from your Seller’s Solicitors and Local Search due back 25th June 2021.

 

Today is the last day to submit COTs to draw down Mortgage funds for this month.  Given above outstanding, completion will need to take place in July.”

Does that mean there’s no hope at all for me to complete before the stamp duty deadline end of June? 

Any advice would be greatly appreciated 

And good luck to all