The NEW waiting to exchange thread...

Toots0293

I’ve had a text message from Nationwide confirming they are sendings funds on 31/08 (completion date is 01/09), however I’m still waiting to exchange (slight delay with the sellers solicitor). Does anyone know if completion on 1st still feasible, or is this likely to be delayed? 

Cookie211

WorriedKirkels said:

Cookie211 said:

Oscarboi76 said:

Cookie211 said:

Good luck everyone today, I hope u all have some positive news, going to keep myself busy this morning then email my solicitor lunch time to see if she’s received the mortgage funds ready for tomorrow but then I’m thinking what if she haven’t, I will then be stressing lol 😆 

Good luck for today, have followed your story on here so really hoping you get past the finishing line tomorrow, and really hoping we will be right behind you next Friday... our solicitor back fro holiday today so hoping she can confirm next Friday as completion date

Thank you good luck for next Friday 🤞🤞🤞 just emailed solicitor mortgage company have released the funds so she’s trying to exchange now 😀 then completion tomorrow 🤞🤞🤞 

Fantastic news 😁 x

I’m so excited but scared somethings going to go wrong as we have had such a crap time trying to buy lol x

E_D_FTB

Toots0293 said:

I’ve had a text message from Nationwide confirming they are sendings funds on 31/08 (completion date is 01/09), however I’m still waiting to exchange (slight delay with the sellers solicitor). Does anyone know if completion on 1st still feasible, or is this likely to be delayed? 

Do you know what the delay is about? If it's something small that can be fixed by the weekend I don't see why not. But if it's something more complicated it might be difficult.

heartofzinc

Toots0293 said:

I’ve had a text message from Nationwide confirming they are sendings funds on 31/08 (completion date is 01/09), however I’m still waiting to exchange (slight delay with the sellers solicitor). Does anyone know if completion on 1st still feasible, or is this likely to be delayed? 

Depends what the delay is but you should be fine for then! Can exchange on the actual day of completion but would say it’s better to do it before if possible. 

[Deleted User]

heartofzinc said:

DeletedUser said:

Evening all
so what else needs to happen to exchange 
I know my buyers searches are due back and they can raise queries and they will need answering
Our queries are with sellers solicitors (new build)
what else needs to happen?
some signing of things? And then exchange is possible?
 

Have you both signed title deeds and mortgage deeds? Can’t think of any other stuff that needs signing! 

No not as yet is that what I should be chasing while the queries are being answered

WorriedKirkels

DeletedUser said:

heartofzinc said:

DeletedUser said:

Evening all
so what else needs to happen to exchange 
I know my buyers searches are due back and they can raise queries and they will need answering
Our queries are with sellers solicitors (new build)
what else needs to happen?
some signing of things? And then exchange is possible?
 

Have you both signed title deeds and mortgage deeds? Can’t think of any other stuff that needs signing! 

No not as yet is that what I should be chasing while the queries are being answered

Depends if the documents are ready as they have to be drafted and reviewed by both sets of solicitors. I think the forms we signed were the contracts, mortgage deed, TR1 for both sale and purchase (this is the transfer form) and SDLT if payable. Before you can progress your solicitor will need to send the certificate of title report to your mortgage lender for them to review. Hope that helps 😀 x

Toots0293

E_D_FTB said:

Toots0293 said:

I’ve had a text message from Nationwide confirming they are sendings funds on 31/08 (completion date is 01/09), however I’m still waiting to exchange (slight delay with the sellers solicitor). Does anyone know if completion on 1st still feasible, or is this likely to be delayed? 

Do you know what the delay is about? If it's something small that can be fixed by the weekend I don't see why not. But if it's something more complicated it might be difficult.

Waiting for the final redemption figure.. (which was requested a few days ago) 

EndlessStruggle

Just been copied in an email today from my solicitor to the estate agent chasing things along.

She has been chasing for a contract pack and has been told that the sellers haven't fully instructed their solicitors yet and that is where the hold up is. 

  

Elle83

Congratulations and good luck with all of those that are close to the end!

We have another week over and no further progress. It is so frustrating as everything else is ready. The fact that our buyer decided to change lenders to get a better rate so far along in the process means we are now at the mercy of their lender. 
Accepted the offer on 20th June, they then asked for a second viewing after their HB survey and told us they had switched lenders for a better rate, that was back on the 30th July. 

Our solicitor has said that we will miss the SDLT deadline if we don't agree to complete before 18th September, but he hasn't been able to get a response from the buyer's solicitor after sending across the indemnity policy on Monday. I am assuming their mortgage offer still hasn't arrived as last week their solictor said that was all that was outstanding. I know no news is good news, but after being told they'd have their offer within 48hrs on 31st July it feels like no news is worrying news. 

Cookie211

Elle83 said:

Congratulations and good luck with all of those that are close to the end!

We have another week over and no further progress. It is so frustrating as everything else is ready. The fact that our buyer decided to change lenders to get a better rate so far along in the process means we are now at the mercy of their lender. 
Accepted the offer on 20th June, they then asked for a second viewing after their HB survey and told us they had switched lenders for a better rate, that was back on the 30th July. 

Our solicitor has said that we will miss the SDLT deadline if we don't agree to complete before 18th September, but he hasn't been able to get a response from the buyer's solicitor after sending across the indemnity policy on Monday. I am assuming their mortgage offer still hasn't arrived as last week their solictor said that was all that was outstanding. I know no news is good news, but after being told they'd have their offer within 48hrs on 31st July it feels like no news is worrying news. 

That’s so frustrating, I really hope u hear soon and they get there new offer