The NEW waiting to exchange thread...

BountyBlink

Just emailed our solicitor, cleared mortgage funds are in, all set for completion for us tomorrow. We are bottom of chain so will be getting keys early I expect but not going to rush our vendors are we have a renters overlap... 

m4x1ne

congrats @hippocrates1 & @Ricky116! 

Argh the monies still haven't left my account - I know they say chaps is guaranteed by end of business, but I always thought it's usually much faster? I've now freaked myself out reading these horror stories of chaps getting delayed and messing up completions  

Ricky116

Thanks everyone - you are all so nice! This thread is such a weird mix of equal measures horrifying and comforting, haha. 

I have been told I'm getting the keys from the vendors directly, the vendor has said they don't have the funds yet from their solicitor (but my solicitor told me during 'the call' that their solicitor has the funds) and will arrange transfer of keys once they have done.

I don't think this is right - we have paid, and how they get the funds from their solicitor is their own business, right?

But on the other hand I'm not going to rock the boat too much, as my plan (outside of the above) is now to get keys at 5.30 so hanging around for 2 hours shouldn't have an effect.

But if it gets to 5.30 and he still hasn't given keys because his bank account doesn't yet have the money, I am in the right to tell him he has to, I think?

Louise.H

Great news for those who've exchanged and completed!

All the best to those hoping to get done this week, especially those hoping to make the stamp duty deadline. I will be calling my solicitor on the 1st as know there is no point before as she'll be prioritising those trying to make the deadline. 

Lau_Sand92

Firsttime2021 said:

laura_lau said:

@Firsttime2021 yes I am feeling exactly the same! The wait is killing me! I've even written to my broker to let them know the lender is supposed to confirm release of funds so we can exchange today, ahha, don't even know if that would make a difference!

@Justonemorecupoftea oooh that's great news!! I'm really happy for you! It sounds like you're definitely on for September!!

My solicitor requested funds last Wednesday and apparently they don’t agree to exchange without the funds being requested and confirmed by the lender 

Yep we're in the position with our buyers lenders. And apparently their solicitors just aren't getting through to the lenders to get confirmation, its "with a manager to review" which it was all of Friday as well. I totally understand that its the busiest moving month that theyve had for years because of SD....We're supposed to complete on Wednesday as our buyer threatened to drop out if we hadn't got everything done by then...looking more and more like a exchange and complete same day 🤦‍♀️ so stressful honestly. 

IronMan22

IronMan22 said:

Now waiting for the Estate Agent to bring us the keys, as he is on an appointment in the are anyway. Tick Tock!

Brought them just after this, and said they were just finishing in the property, would be around half an hour or so.

Still waiting now. I know it’s pretty much done but sitting waiting is a pain (thankfully we don’t have items to move and it’s around the corner!)

Firsttime2021

Update still no exchange 

our side tried earlier could get hold of parents solicitor, ours gave mobile number so they could get through

mum called their side and requested a call back at 2pm. They’re still waiting, my parents seem to think the solicitors will call when they’re ready. No sense of urgency or under of how bad my anxiety is 

laura_lau

Lau_Sand92 said:

Firsttime2021 said:

laura_lau said:

@Firsttime2021 yes I am feeling exactly the same! The wait is killing me! I've even written to my broker to let them know the lender is supposed to confirm release of funds so we can exchange today, ahha, don't even know if that would make a difference!

@Justonemorecupoftea oooh that's great news!! I'm really happy for you! It sounds like you're definitely on for September!!

My solicitor requested funds last Wednesday and apparently they don’t agree to exchange without the funds being requested and confirmed by the lender 

Yep we're in the position with our buyers lenders. And apparently their solicitors just aren't getting through to the lenders to get confirmation, its "with a manager to review" which it was all of Friday as well. I totally understand that its the busiest moving month that theyve had for years because of SD....We're supposed to complete on Wednesday as our buyer threatened to drop out if we hadn't got everything done by then...looking more and more like a exchange and complete same day 🤦‍♀️ so stressful honestly. 

I wonder if that's why I haven't heard from my solicitor yet.... she was only waiting for lenders to confirm before exchanging, and said she was already chasing them this morning at around 10:30... No news yet, and the agent has already called me twice!

cherrypancakes

I knew I would be doing something completely random when I got the call - on my way to pick up my keys!!!!!!!! 😭😭😭😭😭😭😭 finalllyyyyyyy, next up - the renovation chronicles 

laura_lau

cherrypancakes said:

I knew I would be doing something completely random when I got the call - on my way to pick up my keys!!!!!!!! 😭😭😭😭😭😭😭 finalllyyyyyyy, next up - the renovation chronicles 

Congratulations!!!! Enjoy your moment when you pick up the keys and go to your new home!