The NEW waiting to exchange thread...

JS21

jenni_fer said:

JS21 said:

I'm so pleased for you all that have managed to exchange/complete and keeping fingers crossed for you all so close to the line!

After a week of radio silence from the vendors, the EA has just got hold of them today and confirmed that they're pulling out of the sale and withdrawing from market. You'll find me sobbing in the corner in the corner with a bottle of wine 😭💔

Sorry to hear you're in the same boat as us. It's so frustrating to be back at the beginning!
Fingers crossed the right property comes up for us both soon.

@jenni_fer it really is! I had a quick look on Zoopla and RM and have seen a few houses back on the market but with big reductions. I'm guessing we'll see a bit more of that over the next few weeks so fingers crossed we both find something even better soon! 

CLJ2986

Should I have been told about indemnity insurance, and what it's for??

baileykxo

CLJ2986 said:

Should I have been told about indemnity insurance, and what it's for??

It’s for completing before searches come back but solicitors don’t really tend to promote it unless you ask about it. If you ask them I’m sure they will advise you! 

CLJ2986

baileykxo said:

CLJ2986 said:

Should I have been told about indemnity insurance, and what it's for??

It’s for completing before searches come back but solicitors don’t really tend to promote it unless you ask about it. If you ask them I’m sure they will advise you! 

I've been charged for it on the completion statement but no one has mentioned that I needed it? Sorry I realise my initial question wasn't very well explained 😅

laura_lau

CLJ2986 said:

baileykxo said:

CLJ2986 said:

Should I have been told about indemnity insurance, and what it's for??

It’s for completing before searches come back but solicitors don’t really tend to promote it unless you ask about it. If you ask them I’m sure they will advise you! 

I've been charged for it on the completion statement but no one has mentioned that I needed it? Sorry I realise my initial question wasn't very well explained 😅

So they invoiced you for it but you don't know anything about it? That sounds a bit cheeky to me! You should have agreed to it. Did you have any pending documents or permissions that were discussed?

baileykxo

laura_lau said:

CLJ2986 said:

baileykxo said:

CLJ2986 said:

Should I have been told about indemnity insurance, and what it's for??

It’s for completing before searches come back but solicitors don’t really tend to promote it unless you ask about it. If you ask them I’m sure they will advise you! 

I've been charged for it on the completion statement but no one has mentioned that I needed it? Sorry I realise my initial question wasn't very well explained 😅

So they invoiced you for it but you don't know anything about it? That sounds a bit cheeky to me! You should have agreed to it. Did you have any pending documents or permissions that were discussed?

That’s doesn’t seem right, I would question it ASAP and say you weren’t made aware of this charge. I was asked if I wanted it after I said I wanted to complete ASAP and told it would be extra. 

CLJ2986

That's what I thought but the statement says indemnity arrangement fee and indemnity policy. I'll call tomorrow before I send the remaining payment. There was one enquiry that wasn't fully answered about a right of way but I haven't been told about anything that needed indemnity insurance! 

RoseGold2021

JS21 said:

jenni_fer said:

JS21 said:

I'm so pleased for you all that have managed to exchange/complete and keeping fingers crossed for you all so close to the line!

After a week of radio silence from the vendors, the EA has just got hold of them today and confirmed that they're pulling out of the sale and withdrawing from market. You'll find me sobbing in the corner in the corner with a bottle of wine 😭💔

Sorry to hear you're in the same boat as us. It's so frustrating to be back at the beginning!
Fingers crossed the right property comes up for us both soon.

@jenni_fer it really is! I had a quick look on Zoopla and RM and have seen a few houses back on the market but with big reductions. I'm guessing we'll see a bit more of that over the next few weeks so fingers crossed we both find something even better soon! 

This is what I envisaged. Definitely will be more properties on the market in the coming weeks!

goodwithsaving

RoseGold2021 said:

JS21 said:

jenni_fer said:

JS21 said:

I'm so pleased for you all that have managed to exchange/complete and keeping fingers crossed for you all so close to the line!

After a week of radio silence from the vendors, the EA has just got hold of them today and confirmed that they're pulling out of the sale and withdrawing from market. You'll find me sobbing in the corner in the corner with a bottle of wine 😭💔

Sorry to hear you're in the same boat as us. It's so frustrating to be back at the beginning!
Fingers crossed the right property comes up for us both soon.

@jenni_fer it really is! I had a quick look on Zoopla and RM and have seen a few houses back on the market but with big reductions. I'm guessing we'll see a bit more of that over the next few weeks so fingers crossed we both find something even better soon! 

This is what I envisaged. Definitely will be more properties on the market in the coming weeks!

The SDLT relief is something which, for those offering after January, should have been seen as a bonus if it happens rather than a given. I'm just praying my buyer doesn't pull out due to it, although throughout the process by EA has been saying we wouldn't meet the deadline (he was correct). I never intended to, but would have broken the chain for my buyer to, although that won't happen now.

I really hope people and the media don't revel should properties return to market because it's horribly difficult (and traumatic) for those it affects.

jenni_fer

RoseGold2021 said:

JS21 said:

jenni_fer said:

JS21 said:

I'm so pleased for you all that have managed to exchange/complete and keeping fingers crossed for you all so close to the line!

After a week of radio silence from the vendors, the EA has just got hold of them today and confirmed that they're pulling out of the sale and withdrawing from market. You'll find me sobbing in the corner in the corner with a bottle of wine 😭💔

Sorry to hear you're in the same boat as us. It's so frustrating to be back at the beginning!
Fingers crossed the right property comes up for us both soon.

@jenni_fer it really is! I had a quick look on Zoopla and RM and have seen a few houses back on the market but with big reductions. I'm guessing we'll see a bit more of that over the next few weeks so fingers crossed we both find something even better soon! 

This is what I envisaged. Definitely will be more properties on the market in the coming weeks!

I'm not convinced it will have had the same impact in Wales as for those of you in England but we'll see