The NEW waiting to exchange thread...

Cookie211

blueorchid94 said:

Hi all, not posted on this thread before but have been reading it quite a bit recently as we are hopefully nearly at exchange and completion ourselves... Great to see other people's experiences! Best of luck to everyone hoping to complete this week or next   😊

Our timeline has been like this so far:
29th May - Offer accepted (using a DIP from a different lender)
1st June - Nationwide DIP applied for and received via broker
2nd June - Full mortgage application made
15th June - After what felt like ages, text to say valuation and HB survey booked for 28th
28th June - Valuation and HB survey
1st July - Received valuation and HB survey report with zero value pending structural engineer's report (house is steel framed)
9th July - Structural engineer inspection
13th July - Searches applied for
14th July - Structural engineer's report received and immediately sent to Nationwide
20th July - Nationwide finally look at it 4 working days later and send it to the surveyor for their opinion
29th July - Mortgage offer finally received for full amount requested after a lot of phone calls to the lender and the surveying company who conducted the valuation
11th August - Searches received
20th August - All paperwork signed and met with solicitor, completion date of 10th Sept suggested by solicitor, we agreed to this
23rd August - Forms sent by Moneybox to our solicitor to fill in to request the funds from our ISAs and also phoned seller's EA to ask about 10th Sept completion

Radio silence from our solicitor all week, tried to contact them a few times but no joy unfortunately, although the EA let me know the sellers are fine with 10th September completion and the most recent (hopefully final! 🤞🏻) enquiries from our solicitor have already been answered by the sellers' solicitor. 

It's a no chain purchase as we're FTBs and it's the sellers' parents' house, who have passed away, so really hoping we are not far off now as our solicitor seemed to think we were nearly there. Hopefully both solicitors can agree on the 10th... currently resisting the urge  to phone ours again!

Sounds promising for the 10th good luck and I hope u hear from your solicitor soon, I just emailed mine to see if we have exchanged yet but haven’t had a reply yet and she’s normally pretty quick with emails 🤞🤞

Monsternextdoor

I am really quite surprised that some of you have been waiting months and months, even those not in a chain. 

Think we will be done in 7/8 weeks once we are all done and dusted.

blueorchid94

Cookie211 said:

blueorchid94 said:

Hi all, not posted on this thread before but have been reading it quite a bit recently as we are hopefully nearly at exchange and completion ourselves... Great to see other people's experiences! Best of luck to everyone hoping to complete this week or next   😊

Our timeline has been like this so far:
29th May - Offer accepted (using a DIP from a different lender)
1st June - Nationwide DIP applied for and received via broker
2nd June - Full mortgage application made
15th June - After what felt like ages, text to say valuation and HB survey booked for 28th
28th June - Valuation and HB survey
1st July - Received valuation and HB survey report with zero value pending structural engineer's report (house is steel framed)
9th July - Structural engineer inspection
13th July - Searches applied for
14th July - Structural engineer's report received and immediately sent to Nationwide
20th July - Nationwide finally look at it 4 working days later and send it to the surveyor for their opinion
29th July - Mortgage offer finally received for full amount requested after a lot of phone calls to the lender and the surveying company who conducted the valuation
11th August - Searches received
20th August - All paperwork signed and met with solicitor, completion date of 10th Sept suggested by solicitor, we agreed to this
23rd August - Forms sent by Moneybox to our solicitor to fill in to request the funds from our ISAs and also phoned seller's EA to ask about 10th Sept completion

Radio silence from our solicitor all week, tried to contact them a few times but no joy unfortunately, although the EA let me know the sellers are fine with 10th September completion and the most recent (hopefully final! 🤞🏻) enquiries from our solicitor have already been answered by the sellers' solicitor. 

It's a no chain purchase as we're FTBs and it's the sellers' parents' house, who have passed away, so really hoping we are not far off now as our solicitor seemed to think we were nearly there. Hopefully both solicitors can agree on the 10th... currently resisting the urge  to phone ours again!

Sounds promising for the 10th good luck and I hope u hear from your solicitor soon, I just emailed mine to see if we have exchanged yet but haven’t had a reply yet and she’s normally pretty quick with emails 🤞🤞

Thanks so much - I hope so too! Fingers crossed that you have exchanged, it will be such a relief when she let you know 🤞🏻

Cookie211

Monsternextdoor said:

I am really quite surprised that some of you have been waiting months and months, even those not in a chain. 

Think we will be done in 7/8 weeks once we are all done and dusted.

Wish we were like that, we started end of jan, got turned down with a mortgage changed our broker as she was useless and he got us a mortgage within 3 weeks, first house fell through the day we had mortgage offer, found another but had to wait for probate to be granted and here we are now fingers crossed it all goes smoothly for tomorrow so we been in this situation for 8 months and never want to be in this situation again lol 

Monsternextdoor

Cookie211 said:

Monsternextdoor said:

I am really quite surprised that some of you have been waiting months and months, even those not in a chain. 

Think we will be done in 7/8 weeks once we are all done and dusted.

Wish we were like that, we started end of jan, got turned down with a mortgage changed our broker as she was useless and he got us a mortgage within 3 weeks, first house fell through the day we had mortgage offer, found another but had to wait for probate to be granted and here we are now fingers crossed it all goes smoothly for tomorrow so we been in this situation for 8 months and never want to be in this situation again lol 

Its mental when you think how long its taken, Tbh I have probably pushed this as well as I need to get my girls into school sooner rather than later.

Cookie211

oh no just had a reply from solicitor, the sellers solicitor have just rung them bk and they still waiting on the signed contract and transfer back from their client. which were supposed to be with them yesterday, they hoping they will be there by morning as seller lives overseas, now I’m worrying if and stressing 🤯🤯

Monsternextdoor

Cookie211 said:

oh no just had a reply from solicitor, the sellers solicitor have just rung them bk and they still waiting on the signed contract and transfer back from their client. which were supposed to be with them yesterday, they hoping they will be there by morning as seller lives overseas, now I’m worrying if and stressing 🤯🤯

Ahhh no !!! 

Fingers crossed for you now ! 

scottie21

Monsternextdoor said:

I am really quite surprised that some of you have been waiting months and months, even those not in a chain. 

Think we will be done in 7/8 weeks once we are all done and dusted.

We were told by three separate EAs before going on the market that conveyancing was around 16 weeks, estimating at 14 weeks for a single sale, plus 2 weeks for every additional property in the chain. It’s the reason I’ll be amazed if we beat the SDLT deadline. 

House_owner

Monsternextdoor said:

I am really quite surprised that some of you have been waiting months and months, even those not in a chain. 

Think we will be done in 7/8 weeks once we are all done and dusted.

It took 7 weeks just for my buyer's survey report to be issued!

Monsternextdoor

scottie21 said:

Monsternextdoor said:

I am really quite surprised that some of you have been waiting months and months, even those not in a chain. 

Think we will be done in 7/8 weeks once we are all done and dusted.

We were told by three separate EAs before going on the market that conveyancing was around 16 weeks, estimating at 14 weeks for a single sale, plus 2 weeks for every additional property in the chain. It’s the reason I’ll be amazed if we beat the SDLT deadline. 

I genuinely think we just touched lucky with this property. 

The bank (seller) wanted it gone.