The NEW waiting to exchange thread...

m4x1ne

@Firsttime2021 - good luck, I really hope it works out for you!
@ChickenSandwichK - good luck too! fingers crossed
@laura_lau - I'm so sorry about your terrible lender. all such a disgrace
+ congrats/good luck to everyone else and to any commenters' posts I've managed to miss!

We exchanged yesterday afternoon, with completion set for today I'm so excited to pick up the keys to our first house!

Firsttime2021

ChickenSandwichK said:

Firsttime2021 said:

Best of luck to everyone who is hoping to complete today and make stamp duty.

we are supposed to be simultaneously doing exchange and completion today. Although I don’t hold out much hope. 

Fingers crossed for everyone 

I'm in the same boat as you... lets see how it goes!! Good Luck

We can only hope!! Hope all goes well for you too 

Firsttime2021

m4x1ne said:

@Firsttime2021 - good luck, I really hope it works out for you!
@ChickenSandwichK - good luck too! fingers crossed
@laura_lau - I'm so sorry about your terrible lender. all such a disgrace
+ congrats/good luck to everyone else and to any commenters' posts I've managed to miss!

We exchanged yesterday afternoon, with completion set for today I'm so excited to pick up the keys to our first house!

Ahh so pleased for you, this is our first house although living in the house already we don’t need to pick up keys, to actually say we own a house is the icing on the cake for me. Hope all goes well for completion today 

Firsttime2021

Kaysee24 said:

Best of luck to everyone completing today, hope all goes smoothly.

Our removals are moving our buyer too what could go wrong 🤣🤣🤣

This could completely work out at your advantage!! You’ll hopefully be in sync with you moving out and them moving in

hope All goes well 

laura_lau

cheeky-peach said:

@laura_lau are we allowed to ask who your lender is please? I really feel for you. I can't imagine tbh x

Thank you. I feel just a little bit more calm today, still furious, but at least I have accepted the fact I will not be completing this week, and most probably not even exchanging.
My lender is Saffron Building Society. Service has been appalling since the start, to be honest, it took them three months to send me a mortgage offer and they would request one document at a time, only every couple of weeks. It took them 1 month at the end to have it go through the underwriters, as they had a queue of 21 days, and whenever they sent an enquiry or requested a new document, you would end up at the bottom of the queue again, and so on. When I finally got my offer on 1st May, I thought the nightmare with them was over, but clearly they applied the same philosophy to the release of funds. Clearly they hadn't looked at those documents when we sent them over a month ago, I think it was around 6 weeks ago, they only looked at them on the day they were supposed to release the funds, so this past Monday. 
So, yesterday, after spending the afternoon to arrange the zoom call with the solicitor and scramble to put together the documents they were requiring, and significantly disrupting my partner's work day (he's self employed, so he actually had to cancel appointments with clients with potential money loss) the lender came back saying that, quite opposite to their previous email where they were saying it was ok for it to happen via zoom and for the solicitor to sign it after receiving via post, the solicitor needed to be witnessing the signing of the deed of consent by my boyfriend. Their argument is rather ridiculous to me, but maybe I'm biased: they argue that this is a legal binding document, and it must be witnessed by a solicitor in person. I told my solicitor that I find it really funny that this deed of consent, which most people sign without even consulting a solicitor, as other posters here have confirmed, let alone having anyone witnessing it, is in their eyes a more legal binding document than my own mortgage deed, as I was able to sign my mortgage deed in the presence of a general public witness, with no presence whatsoever of a solicitor in the room. It's beyond ridiculous. Anyway, this now will have to wait until Friday, when hopefully we will be able to get an appointment for my boyfriend to go to a practice, and sign it there and then, get the solicitor's signature, so that I can send it back to my solicitor in the quickest way, 
So, if this goes well, I might still be on track to exchange next week, which is rather late because of our rental agreement, but at least I am not impacted by the stamp duty holiday deadline because I'm below the June threshold. Of course, a good quarter of the money I'm saving through the stamp duty is now taken by the new solicitor we had to appoint just for this stupid thing, and this without counting the years of life I lost yesterday in just a few hours!

Firsttime2021

laura_lau said:

cheeky-peach said:

@laura_lau are we allowed to ask who your lender is please? I really feel for you. I can't imagine tbh x

Thank you. I feel just a little bit more calm today, still furious, but at least I have accepted the fact I will not be completing this week, and most probably not even exchanging.
My lender is Saffron Building Society. Service has been appalling since the start, to be honest, it took them three months to send me a mortgage offer and they would request one document at a time, only every couple of weeks. It took them 1 month at the end to have it go through the underwriters, as they had a queue of 21 days, and whenever they sent an enquiry or requested a new document, you would end up at the bottom of the queue again, and so on. When I finally got my offer on 1st May, I thought the nightmare with them was over, but clearly they applied the same philosophy to the release of funds. Clearly they hadn't looked at those documents when we sent them over a month ago, I think it was around 6 weeks ago, they only looked at them on the day they were supposed to release the funds, so this past Monday. 
So, yesterday, after spending the afternoon to arrange the zoom call with the solicitor and scramble to put together the documents they were requiring, and significantly disrupting my partner's work day (he's self employed, so he actually had to cancel appointments with clients with potential money loss) the lender came back saying that, quite opposite to their previous email where they were saying it was ok for it to happen via zoom and for the solicitor to sign it after receiving via post, the solicitor needed to be witnessing the signing of the deed of consent by my boyfriend. Their argument is rather ridiculous to me, but maybe I'm biased: they argue that this is a legal binding document, and it must be witnessed by a solicitor in person. I told my solicitor that I find it really funny that this deed of consent, which most people sign without even consulting a solicitor, as other posters here have confirmed, let alone having anyone witnessing it, is in their eyes a more legal binding document than my own mortgage deed, as I was able to sign my mortgage deed in the presence of a general public witness, with no presence whatsoever of a solicitor in the room. It's beyond ridiculous. Anyway, this now will have to wait until Friday, when hopefully we will be able to get an appointment for my boyfriend to go to a practice, and sign it there and then, get the solicitor's signature, so that I can send it back to my solicitor in the quickest way, 
So, if this goes well, I might still be on track to exchange next week, which is rather late because of our rental agreement, but at least I am not impacted by the stamp duty holiday deadline because I'm below the June threshold. Of course, a good quarter of the money I'm saving through the stamp duty is now taken by the new solicitor we had to appoint just for this stupid thing, and this without counting the years of life I lost yesterday in just a few hours!

I feel for you so much, what a rough ride you’ve had. It just adds to the already stressful time. Hope you get it all sorted and are completely through the nightmare soon 

babyblade41

I'm embarking on house sale number 17 and should be ready to go to market in the next couple of weeks weather depending as back of house still need to be painted and another driveway finished 

After reading through the different scenarios I'm pretty glad I've waited until after the SDT deadline ...solicitors must have earned their money these past few months !!

Hope all those waiting get good news soon and hope to be joining in properly very soon 

jenni_fer

Hope everyone who is trying manages to complete today.

We're bowing out. Our sellers have pulled out today. Game over.

laura_lau

jenni_fer said:

Hope everyone who is trying manages to complete today.

We're bowing out. Our sellers have pulled out today. Game over.

oh no!!! I'm so sorry! That's awful! I really hope it goes smoothly, if you decide to try again!

Firsttime2021

jenni_fer said:

Hope everyone who is trying manages to complete today.

We're bowing out. Our sellers have pulled out today. Game over.

Oh no!! I’d let all the hype die down and try again in 6 months hopefully the over inflation of House prices have settled down.