The NEW waiting to exchange thread...

hashtagyolo

30/6/17: DIP given from Aldermore
30/6/17: Offer accepted on property
03/7/17: Mortgage Application accepted and survey paid for..
11/7/17: Valuation Completed
12/7/17: Call from Aldermore to confirm details..
13/7/17: Mortgage offer issued!!
13/7/17: Searches Paid
27/7/17: Environmental search returned, No issues.
2/8/17: Local searches returned, waiting on solicitor to review them..
9/8/17: Closed HTB ISA's

Solicitor wasn't pushing me to do it so quickly.. Thought I would get the ball rolling with those as a friend told me that put his exchange back a week or so.. Solicitor said they would review my file and see what more information was needed from the seller.. But still no reply although I emailed them today letting them know about the ISA's.

P.S. Anyone with a HTB ISA with Barlcays, you have to wait for a closing statement in post as they don't give you one in branch.. Lloyds do tho, just a heads up incase you want to prevent a hiccup.

Lu_equi

I thought I would add my full timeline as I haven't as of yet.


15/03/17 Viewed property
22/03/17 Made offer
23/03/17 Offer accepted
24/03/17 Mortgage broker submitted application
24/03/17 Valuation Booked
29/03/17 Valuation completed
03/04/17 Mortgage offer received
05/04/17 Solicitors Instructed
04/05/17 All pre contract info sent over to us
05/05/17 Completed and returned
Chasing every day for contract draft etc .....
still chasing ....
26/06/17 Seller FINALLY gets everything over
28/06/17 Searches submitted
12/07/17 All searches back and received local authority was taking ages! so I called the council who said they couldn't not advise as I had not ordered it direct . Amazingly our solicitor received it within an hour of my call :rotfl:
19/07/17 Solicitor raised enquiries and sent to seller solicitor
Seller solicitor on holiday for 1 week , its a one man band and a PA by sounds of it !.
26/07/17 Phone seller direct to see his view on what is happening states he has got to have a look at his emails ! **Bangs head on wall** politely reminds him our offer is only until end of August otherwise we will go elsewhere as been VERY patient**.
01/08/17 Our solicitor chases his solicitor for an update . PA tells her he is looking as the case file .
04/08/17 Ask mortgage broker to amend mortgage offer address
07/08/17 I chase for updates advised will chase them again .....
08/08/17 Mortgage broker advised everything ok amended paperwork will be sent out
09/08/17 Other half is going to call as our solicitor again today and the seller to see where we are at !.


*Update*
09/08/17 Received completion statement and have been asked to transfer deposit across (We are still awaiting the enquiries ) then we can exchange ... apparently the sellers solicitor was not very nice on the phone to our solicitor.

Slinky

Blimey Lu, your's sounds as frustrating as ours. We started a couple of weeks after you and we're still 2 weeks away from exchange and 4 from completion.

LadyL2013

So we are supposed to exchange tomorrow but I only received the Land Registry Title Deed Transfer yesterday which I've signed and sent back today. Can you exchange without that or is that more for completion?

Land_Registry

LadyL2013 wrote: »

So we are supposed to exchange tomorrow but I only received the Land Registry Title Deed Transfer yesterday which I've signed and sent back today. Can you exchange without that or is that more for completion?

More for completion as you normally exchange contracts first and then prepare the Transfer
Whilst possible to exchange and complete same day it is very rare that conveyancers will agree to do so

OneInTheHat

Timeline so far
25th July Agreement in principle
25th July Offer put in on property
28th July Offer accepted
28th July Mortgage applied for
28th July All documents needed for mortgage sent through
4th August Mortgage approved subject to valuation

Valuation booked in for 16th August (they couldn't do it sooner)

I am at this point but I so want to be in by Xmas if all goes well!

dpearson86

Timeline so far (as I want to join the conversation).

15/06 - Boyfriend comes home from work saying he's seen a house online even though we are not meant to look until November :eek:
19/06 - View house after we've looked online with the view of going in to point out everything that's wrong so we have to wait until November to house hunt as planned... That failed :rotfl:
20/06 - Offer made as all the negatives we can change once we are in and we say in the offer we've not got DIP yet as we weren't meant to look yet but it won't be a problem (due to checks we've had a look at earlier in the year). Offer accepted same day provided DIP and everything else ok when we nip in at the weekend after our meeting with a mortgage broker we've chosen :j
24/06 - DIP and mortgage approved, drop everything off, house is now marked as Sold STC :beer:

Everything has been moving along nicely and so far with no issues (apart from one panic when the vendors wanted to rent the house after the exchange date, we said no). The estimated move in date is meant to be the second week of September but as the chain is not complete I reckon it'll be later than that.

To be honest I'm relaxed about the whole thing, we're renting at the moment and not given our notice yet in case things are delayed and we can afford to pay the rent and mortgage at the same time with an overlap.

We're first time buyers by the way and not sure if the best plan was to go in with a viewpoint of finding things wrong rather than things we liked but it seems to have worked and we've not had any second guesses.

My boyfriend's left the paperwork to me, he's got finances and arranging the movers and packers. It's worked well separating what we can and he's happy not dealing with any insurance aspects and that I understand all the insurance wording as it's my job (in real life, not just this house purchase :rotfl: ).

trix-a-belle

Can i join please

Viewed 28/4
Offered 28/4
Mine went on the market 11/5 (yes I'm one of those annoying people oops)
1st viewing by now purchaser 3/6
2nd viewing by now purchaser 10/6
Purchasers went on market 15/6 (yep they were one too)
1st offer 13/7
3rd viewing by now purchasers 14/7
Offer accepted by me and my offer on house to be purchased 18/7
Solicitors instructed & mortgage AIP 21/7
Full mortgage advisor conversation & go ahead 25/7
Memorandums of sale received 27/7
Solicitors paperwork received 29/7
Solicitors paperwork returned & search fees paid 31/7
Intermediary panic due to purchasers seemingly going survey crazy booking one but them then cancelling leaving me in limbo for 24 hours with no explanation before another calling to book in
Title plan signed and returned to solicitors 9/8

Its a 3 house 4 party chain as my purchasers house is being bought by an investor & my sellers are moving in with family to wait for the right house as they have a very specific area they want
I've already got a lot of the house boxed up & and most excess furniture sold in case it moves really quick & also as I'm trying to start a self employed business while being absolutely run off my feet in my day job, still isn't moving quick enough for me though lol

betsycat

Agh, ours is all up in the air. Somebody further up in the chain is threatening to pull out if we don't complete by the 18th (very unlikely now!) as we're the second buyer of the flat so everybody at the top has been waiting a while.

The garden is on the lease plans but not on the LR titles so our solicitor says we need a deed of variation, which the freeholder might not agree to.

We were SO CLOSE! Fingers crossed this is all in motion, solicitor has been chasing seller's solicitor to see if there's been any movement but haven't heard anything yet.

I hate this bit where we can't do anything and just feel helpless! Hopefully it was an empty threat further up the chain. I completely understand their frustration but we've done everything we can to get this all done as quickly as possible... and if our seller's solicitor hadn't taken 6 weeks to get us the draft contract + other paperwork (which turned out to be 15 months out of date) then perhaps we'd be done by now. Frustrating

My fault for ordering boxes, though...

cjmillsnun

:T:T:T:T:T We exchanged at 15:45 today. We complete on the 23rd :j:j:j:j:j