The NEW waiting to exchange thread...

paulj2021

I accepted an offer on my house today is it too early to start posting on this thread? I’ve viewed a couple of houses to buy but nothing suitable so far… but the wheels have started to turn!

Cookie211

paulj2021 said:

I accepted an offer on my house today is it too early to start posting on this thread? I’ve viewed a couple of houses to buy but nothing suitable so far… but the wheels have started to turn!

Yay congratulations 🥳 I’m not at the exchange part yet as we waiting for probate to be granted on the house, I’m still keeping an eye on this thread and can not wait to be in the position to exchange lol, waiting on one more search to come bk, my solicitor have gone on holiday for 2 weeks now but I’m hoping when she comes bk probate would of been granted 🤞🤞🤞 

Firsttime2021

JS21 said:

Firsttime2021 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 😭💔

Oh no!!. Did they say why? This must be so frustrating for you 

Thanks @Firsttime2021 they said they'd considered our offer but they're struggling to find a rental so don't want to commit to anything anymore. I get it but I'm still really mad, disappointed, frustrated, slightly teary. It's just so depressing to start all over again, though the only good part of this process is how amazing our conveyancer and broker are - definitely keeping them on the books!

Finding the right fit for broker and conveyancer is essential I’ve learnt. Our broker was just beyond brilliant and I couldn’t recommend her and her team enough, they helped when the mortgage valuer came up with a stupid idea our house had subsidence, quickly got in a Structual engineer who diagnosed wear and tear and got all reports off quickly to the Santander who agrees with report and said they won’t hold any retention.

if we ever move again I would use both of ours, our solicitors we found were great, it was my parents that were horrendous and their reviews online were shocking to say the least. 

My advise to anyone now would be research and find a great conveyancer before hand 

ChickenSandwichK

I am now hoping for exchange and completion today... if the seller can be contacted as he was uncontactable yesterday - here's hoping!

JS21

Firsttime2021 said:

JS21 said:

Firsttime2021 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 😭💔

Oh no!!. Did they say why? This must be so frustrating for you 

Thanks @Firsttime2021 they said they'd considered our offer but they're struggling to find a rental so don't want to commit to anything anymore. I get it but I'm still really mad, disappointed, frustrated, slightly teary. It's just so depressing to start all over again, though the only good part of this process is how amazing our conveyancer and broker are - definitely keeping them on the books!

Finding the right fit for broker and conveyancer is essential I’ve learnt. Our broker was just beyond brilliant and I couldn’t recommend her and her team enough, they helped when the mortgage valuer came up with a stupid idea our house had subsidence, quickly got in a Structual engineer who diagnosed wear and tear and got all reports off quickly to the Santander who agrees with report and said they won’t hold any retention.

if we ever move again I would use both of ours, our solicitors we found were great, it was my parents that were horrendous and their reviews online were shocking to say the least. 

My advise to anyone now would be research and find a great conveyancer before hand 

100% agree with this! I know that everyone's experiences are different and that sometime it's just bad luck but seriously reading reviews and getting recommendations is so important, not just how cheap/expensive their services are! Both of ours were recommended by friends and family but we also read google reviews, asked questions beforehand about their capacity to work and what fees included before agreeing to proceed and were really happy with their communications!

laurey0301

ChickenSandwichK said:

I am now hoping for exchange and completion today... if the seller can be contacted as he was uncontactable yesterday - here's hoping!

I'm in the same boat as you. Just given authority to exchange this morning but i know the seller is notorious for not replying. Need to move tomorrow!! Ahhhh.

TheTruemans

Good morning folks, 
Hope you’re well, We just received our mortgage report from our solicitor and we have noticed a mortgage condition that my wife pays upwards of £3k of her student loan 30 days prior to completion!
At no point did we sign a Barclays declaration form to agree to this condition to repay any existing debts of which we have non apart from her student loan.

This has worried the hell out of us as any money saved is needed for the house renovations - we’re hoping our broker can sort this out, anyone else had this issue or can advise? 

Thanks 😊 

Tiddleshalifax

TheTruemans said:

Good morning folks, 
Hope you’re well, We just received our mortgage report from our solicitor and we have noticed a mortgage condition that my wife pays upwards of £3k of her student loan 30 days prior to completion!
At no point did we sign a Barclays declaration form to agree to this condition to repay any existing debts of which we have non apart from her student loan.

This has worried the hell out of us as any money saved is needed for the house renovations - we’re hoping our broker can sort this out, anyone else had this issue or can advise? 

Thanks 😊 

We had a condition on our mortgage that a card of £600 must be cleared before completion (I actually cleared it before the full application!)

our broker said it’s often because they see the money there and don’t look at the bigger picture 

Tiglet2

TheTruemans said:

Good morning folks, 
Hope you’re well, We just received our mortgage report from our solicitor and we have noticed a mortgage condition that my wife pays upwards of £3k of her student loan 30 days prior to completion!
At no point did we sign a Barclays declaration form to agree to this condition to repay any existing debts of which we have non apart from her student loan.

This has worried the hell out of us as any money saved is needed for the house renovations - we’re hoping our broker can sort this out, anyone else had this issue or can advise? 

Thanks 😊 

This was probably in the special conditions of your mortgage offer.  The lender has seen all your financials and is concerned at the level of debt, so their mortgage offer is conditional upon paying this amount in order to secure the loan.  The lender will expect evidence to show that the minimum of £3k has been paid prior to completion.  I think you will risk the lender withdrawing the offer if you do not pay this.

tommyt-saver

TheTruemans said:

Good morning folks, 
Hope you’re well, We just received our mortgage report from our solicitor and we have noticed a mortgage condition that my wife pays upwards of £3k of her student loan 30 days prior to completion!
At no point did we sign a Barclays declaration form to agree to this condition to repay any existing debts of which we have non apart from her student loan.

This has worried the hell out of us as any money saved is needed for the house renovations - we’re hoping our broker can sort this out, anyone else had this issue or can advise? 

Thanks 😊 

Was this shown in your mortgage offer letter? Or completely out of the blue at the report stage?