The NEW waiting to exchange thread...

BountyBlink

cherrypancakes said:

TBG01 said:

BountyBlink said:

Then maybe follow up on that email in an hour by calling them, to ensure they got that email so you are not left stressing all weekend. 

So excited for you!!! 

You'd get a delivery failure notification if the email wasn't delivered. There's no need to pester them. 

There's no such thing as pestering people you are paying thousands for (in many cases) to provide you with a service. I'd be on the phone, email, send out bird calls and messages via morse code if I was this close to the stamp duty deadline and my case started months ago. 

Spot on. In fact our agent we sold with recently very much said keep on the ball with your purchasing agents. Send an email and then call in hour to follow it up. 

I totally agree with you. 

laura_lau

BountyBlink said:

laura_lau said:

@BountyBlink thank you, I sent the email following your draft! I think the agent must feel very relieved too, he sounded a bit worried yesterday! will come back with updates once I have them. So, are you positive that what my solicitor referred to in her email earlier would be the completion statement? Are there any other statements she would send me now?

Great news! Yep, normally a conveyancing assistant will handle the completion statement. As you have really only a day between exchange and completion (ie Tuesday) they will not ensure that all monies they need inc their fees are on their account ahead of Wednesday. 

Obviously you can exchange Monday without that statement. So no panic if it doesn’t come through until Tuesday etc. 

You will be unpacking with me next week then! Exciting news!!! 

Thank you, sounds good! To be unpacking I need to get packing first!!!! I can't wait to start now!
Luckily our rental agreement expires in July, so I have a few extra days before moving after completion, although I will start bringing a few boxes there soon after completion to make space, because my current flat is so tiny that once I start packing there will be no more place to continue packing!!! 

Tiglet2

cherrypancakes said:

TBG01 said:

BountyBlink said:

Then maybe follow up on that email in an hour by calling them, to ensure they got that email so you are not left stressing all weekend. 

So excited for you!!! 

You'd get a delivery failure notification if the email wasn't delivered. There's no need to pester them. 

There's no such thing as pestering people you are paying thousands for (in many cases) to provide you with a service. I'd be on the phone, email, send out bird calls and messages via morse code if I was this close to the stamp duty deadline and my case started months ago. 

I think you've over-estimated what you're paying your solicitor - it's very rarely thousands!  Disbursements are payments made to other parties, so nothing to do with solicitor fees.  Stamp duty (if any) is nothing to do with solicitor fees.  A sale and a purchase are two transactions, so the fees that the solicitor earns are per transaction.

By comparison, what are you paying your EA?

I beg to differ but pestering is pestering.  It is neither productive or necessary.

BountyBlink

No set time to how long a transaction takes... 

it will move at the speed of the slowest link.

we went from and incomplete chain on 26 May to Exchange on Monday this week, complete next Tuesday. 

If the slowest link is someone that thinks it will take months, and sits back waiting to be asked to do things And not want to “pester”
then yes your “estimates” are right... however, I have never or could buy a house like that... 

As soon as I offer on a property, I want to know it will be a swift transaction. I have never once shouted or demanded. Though, if you know the process and can help push it along then it will take weeks and not months. 

BountyBlink

laura_lau said:

Update: quickest email back from the agent ever! Said it's great news and he has already got in touch with vendor and vendor's solicitor to ensure everything is in place. Feeling mildly positive now!

Fabulous!!! 

BountyBlink

Tiglet2 said:

cherrypancakes said:

TBG01 said:

BountyBlink said:

Then maybe follow up on that email in an hour by calling them, to ensure they got that email so you are not left stressing all weekend. 

So excited for you!!! 

You'd get a delivery failure notification if the email wasn't delivered. There's no need to pester them. 

There's no such thing as pestering people you are paying thousands for (in many cases) to provide you with a service. I'd be on the phone, email, send out bird calls and messages via morse code if I was this close to the stamp duty deadline and my case started months ago. 

I think you've over-estimated what you're paying your solicitor - it's very rarely thousands!  Disbursements are payments made to other parties, so nothing to do with solicitor fees.  Stamp duty (if any) is nothing to do with solicitor fees.  A sale and a purchase are two transactions, so the fees that the solicitor earns are per transaction.

By comparison, what are you paying your EA?

I beg to differ but pestering is pestering.  It is neither productive or necessary.

I think cherry pancakes was referring to the estate agent commission of “thousands” not the solicitor... 

Firsttime2021

No confirmation from either side of we’ve exchanged or not. 

I emailed my instructions to exchange today and complete on Wednesday. Parents have instructions to their side yesterday.

my solicitor today is ignoring all contact from me.

awesome 

BountyBlink

laura_lau said:

BountyBlink said:

laura_lau said:

@BountyBlink thank you, I sent the email following your draft! I think the agent must feel very relieved too, he sounded a bit worried yesterday! will come back with updates once I have them. So, are you positive that what my solicitor referred to in her email earlier would be the completion statement? Are there any other statements she would send me now?

Great news! Yep, normally a conveyancing assistant will handle the completion statement. As you have really only a day between exchange and completion (ie Tuesday) they will not ensure that all monies they need inc their fees are on their account ahead of Wednesday. 

Obviously you can exchange Monday without that statement. So no panic if it doesn’t come through until Tuesday etc. 

You will be unpacking with me next week then! Exciting news!!! 

Thank you, sounds good! To be unpacking I need to get packing first!!!! I can't wait to start now!
Luckily our rental agreement expires in July, so I have a few extra days before moving after completion, although I will start bringing a few boxes there soon after completion to make space, because my current flat is so tiny that once I start packing there will be no more place to continue packing!!! 

Actually chase for that statement Monday so you can transfer any funds needed on Monday rather than Tuesday - so monies their Tuesday and no issues on Cleared banking on Wednesday 

simple call to the solicitors office and ask to speak to your solicitors conveyancing assistant. If you have no luck by 11 ish Monday mention it to this super helpful vendors agent and he/she will call them and get the solicitors to send it to you. Join the dots on Monday and it will be fine. 

BountyBlink

Firsttime2021 said:

No confirmation from either side of we’ve exchanged or not. 

I emailed my instructions to exchange today and complete on Wednesday. Parents have instructions to their side yesterday.

my solicitor today is ignoring all contact from me.

awesome 

We didn’t exchange until 4pm ish... it may well be that both solicitors know this is a relatively easy one as only 2 in chain, so getting the long chains out the way and then doing yours. 

Have your parents also chased? 

BountyBlink

laura_lau said:

BountyBlink said:

laura_lau said:

@BountyBlink thank you, I sent the email following your draft! I think the agent must feel very relieved too, he sounded a bit worried yesterday! will come back with updates once I have them. So, are you positive that what my solicitor referred to in her email earlier would be the completion statement? Are there any other statements she would send me now?

Great news! Yep, normally a conveyancing assistant will handle the completion statement. As you have really only a day between exchange and completion (ie Tuesday) they will not ensure that all monies they need inc their fees are on their account ahead of Wednesday. 

Obviously you can exchange Monday without that statement. So no panic if it doesn’t come through until Tuesday etc. 

You will be unpacking with me next week then! Exciting news!!! 

Thank you, sounds good! To be unpacking I need to get packing first!!!! I can't wait to start now!
Luckily our rental agreement expires in July, so I have a few extra days before moving after completion, although I will start bringing a few boxes there soon after completion to make space, because my current flat is so tiny that once I start packing there will be no more place to continue packing!!! 

We also have a renters/purchase overlap. It was so exciting to book carpet cleans for day after completion, a tv installer for tv in kitchen 2 days after completion and then removals 3 days after completion for rental place and storage unit! 

Will spend Tuesday, Wednesday and Thursday cleaning... the place was immaculate on viewing but at least a full spring clean can be done without furniture. 

I’m itching to confirm some orders on garden furniture which only take a day between order and delivery but don’t really need them turning up when my vendors are moving lol so trying to be patient 🤣