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The NEW waiting to exchange thread...

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Comments

  • davilown
    davilown Posts: 2,303 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    So only posting now as wanting to make sure it was actually happening!

    Selling our property and breaking the chain - we went under offer on 15th April and exchanged today with a completion date of the 30th.

    We offered on an House which was accepted last Friday, so hope to complete on this property by the first week in august. Cash purchase so shouldn’t be too unrealistic!
    30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
  • ss2020jd
    ss2020jd Posts: 652 Forumite
    500 Posts Third Anniversary Name Dropper
    edited 23 June 2021 at 10:28PM
    davilown said:
    So only posting now as wanting to make sure it was actually happening!

    Selling our property and breaking the chain - we went under offer on 15th April and exchanged today with a completion date of the 30th.

    We offered on an House which was accepted last Friday, so hope to complete on this property by the first week in august. Cash purchase so shouldn’t be too unrealistic!
    Congratulations! That’s great news. Very good timings as well. That’s very exciting that you’ve found somewhere too. 

    Wishing you all the best with your (soon-to-be) new home! 
  • We too have finally exchanged today for completion on Monday! 

    Thank you to everyone for giving me the strength to get through this and for all the advice given!

    Best of luck to everyone still waiting
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic

    You can order funds and drawdown without exchanging. You will need to pay the chaps cost to your solicitors and back if you don’t complete on the date you give on the COT

    As well as the interest for the few days it's sat in your solicitors client account doing nothing.
  • BountyBlink
    BountyBlink Posts: 319 Forumite
    100 Posts Name Dropper
    edited 24 June 2021 at 6:06AM
    Slithery said:

    You can order funds and drawdown without exchanging. You will need to pay the chaps cost to your solicitors and back if you don’t complete on the date you give on the COT

    As well as the interest for the few days it's sat in your solicitors client account doing nothing.
    I checked on this last week, and our lender (as most lenders) send funds to solicitor 24 hours before completion. Date of completion has to be noted on the CoT 
  • NatNat77
    NatNat77 Posts: 314 Forumite
    Eighth Anniversary 100 Posts Name Dropper Combo Breaker
    Congrats to those that exchanged yesterday and fingers crossed to all hoping to exchange today 🤞🤞
  • NotHydra
    NotHydra Posts: 54 Forumite
    10 Posts Name Dropper
    Slithery said:

    You can order funds and drawdown without exchanging. You will need to pay the chaps cost to your solicitors and back if you don’t complete on the date you give on the COT

    As well as the interest for the few days it's sat in your solicitors client account doing nothing.
    I checked on this last week, and our lender (as most lenders) send funds to solicitor 24 hours before completion. Date of completion has to be noted on the CoT 
    Completion date is 25th June on our CoT. If we dont complete i assume the money sits there until we do complete? Im asking as we still have not signed any contracts,
    I am very lost in this process and ofc my solicitor is terrible
  • Kaysee24
    Kaysee24 Posts: 35 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    WE HAVE EXCHANGED OMG CANT BELIEVE IT. Never thought this day would come.
    Yay excellent news, and breath! 
  • BountyBlink
    BountyBlink Posts: 319 Forumite
    100 Posts Name Dropper
    NotHydra said:
    Slithery said:

    You can order funds and drawdown without exchanging. You will need to pay the chaps cost to your solicitors and back if you don’t complete on the date you give on the COT

    As well as the interest for the few days it's sat in your solicitors client account doing nothing.
    I checked on this last week, and our lender (as most lenders) send funds to solicitor 24 hours before completion. Date of completion has to be noted on the CoT 
    Completion date is 25th June on our CoT. If we dont complete i assume the money sits there until we do complete? Im asking as we still have not signed any contracts,
    I am very lost in this process and ofc my solicitor is terrible
    Probably best to check with your solicitor but also, you can call your lender for what the process is. We found out a lot about drawdown direct from our lender and then felt well equipped (in knowledge) to push our solicitor on... 
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