The NEW waiting to exchange thread...

cherrypancakes

Good luck everyone for this week! Hoping to see more exchanges, completions and people getting closer in general!!

Today is completion day 😭 going to be anxiously waiting for the phone call all day 

Irishpearce26

lg220701 said:

This may be another silly question but we are first time buyers and unsure on the whole process. 

The enquires were responded to by the seller and received by our solicitor on 22/06/2021. I was told that we are just waiting for these to be reviewed to see whether any more enquiries should be raised. We are still yet to hear, what is the usual timeframe for reviewing enquires? Unsure whether to chase or not - however beginning to get impatient and both sides are wanting to exchange asap 

To be honest 4 days is not long enough since submitting enquires to chase your solicitor. Your solicitor needs to take time to review them and ensure they are happy with their due diligence. That is what you are paying them for you are not paying them to rush things so ignore the posters who say chase chase chase as YOU are paying them.

It sounds like you wont make the SDLT holiday even if you were trying to so i would leave any chasing until 1st July as you may get the response your after.

BountyBlink

lg220701 said:

This may be another silly question but we are first time buyers and unsure on the whole process. 

The enquires were responded to by the seller and received by our solicitor on 22/06/2021. I was told that we are just waiting for these to be reviewed to see whether any more enquiries should be raised. We are still yet to hear, what is the usual timeframe for reviewing enquires? Unsure whether to chase or not - however beginning to get impatient and both sides are wanting to exchange asap 

It depends on what the enquiries are. 

If for eg. enquiries are complex regarding a lease, then yet it’s perfectly reasonable to wait a bit before following up with your solicitor. 

However if these are enquiries like “when was the boiler last serviced” “no compliance for FENSA windows & patio doors” etc etc then yes these are enquiries that you can either take a view on (get indemnity Insurance which is simple and set up on day of completion) or request your vendor to cover indemnity costs. These sort of enquiries if back on 22/6 should allow you to exchange/complete ASAP, and I can see why others in the chain could be chasing you, because I would...  

So interms of advice given here it really depends on what the enquiries are complex ones will take a bit of time and might need further enquiries, other more standard enquiries can be sorted same day. 

do you know what your enquiries were? 

flyingv

Good luck to all hoping to complete by Wednesday, I really hope to see lots of completions on here - crossing everything for you all.

I'm hoping that the LA will finally answer the final outstanding enquiry this week - probably after Wednesday and then I'll be right behind you!

uralmaid

Good luck this week everyone. We are due to simultaneously exchange and complete tomorrow. Won't believe it until I have the keys in my hand.

NatNat77

We're due to complete tomorrow after exchanging last Tuesday. Absolutely manic weekend sorting, packing and cleaning and another crazy day ahead today!

I've just got this horrible feeling that something is going to go wrong tomorrow with the funds being transferred or something. I just won't relax until we get the all clear and we've got the keys! I guess it's normal to feel like that though isn't it. I can't believe how stressful this whole process has been. 

Good luck to all those exchanging and completing this week, and those hoping to. I really hope some more of us get it over the line xx

Raggie

Joining the pain.. Selling the BTL, buyer wanted to exchange last week, I declined as I wanted to confirm tenant had left!

Buyer went in to confirm for themselves it was empty, and found a water leak. 

Would have been nice for the tenant to have told me! Now just waiting to see how buyer wants to play it.. May offer some ££ for them to fix it.. or they will need to wait till we can get the trades in to fix and make good.. 

hippocrates1

cherrypancakes said:

Good luck everyone for this week! Hoping to see more exchanges, completions and people getting closer in general!!

Today is completion day 😭 going to be anxiously waiting for the phone call all day 

Me too good luck hope it goes smoothly 

TheTruemans

0 progress our end…

22/6 - Emailed solicitor for updates 

23/6 - Solicitor sends enquiries to vendor and informed us that mortgage report will be sent tomorrow awaiting local searches.
Also requests additional ID documents again (for the 100th time) due to wife’s surname name change via Deed Poll
28/6 - Still no mortgage report and no word on enquires

We’re hoping to exchange soon so we can start discussing completion dates with the EA however we don’t understand two of the enquiries and they sound quite complex.

Congrats to everyone exchanging before SDH

cherrypancakes

hippocrates1 said:

cherrypancakes said:

Good luck everyone for this week! Hoping to see more exchanges, completions and people getting closer in general!!

Today is completion day 😭 going to be anxiously waiting for the phone call all day 

Me too good luck hope it goes smoothly 

Thank you, fingers crossed for us both!