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The NEW waiting to exchange thread...

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Comments

  • Cookie211
    Cookie211 Posts: 461 Forumite
    Third Anniversary 100 Posts Name Dropper
    scottie21 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 accidentally found out (on one of the many ‘measuring’ visits from my buyer) that OUR estate agent had told them they would be lucky to be in by Christmas. Our house went on the market beginning of June and sold instantly….it goes a long way to explaining why every other link in our chain is ready but our buyers are not! 😡 x
    Is there a reason why they not ready 
  • WorriedKirkels
    WorriedKirkels Posts: 374 Forumite
    100 Posts Name Dropper
    edited 26 August 2021 at 7:34PM
    Cookie211 said:
    scottie21 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 accidentally found out (on one of the many ‘measuring’ visits from my buyer) that OUR estate agent had told them they would be lucky to be in by Christmas. Our house went on the market beginning of June and sold instantly….it goes a long way to explaining why every other link in our chain is ready but our buyers are not! 😡 x
    Is there a reason why they not ready 
    They don’t chase or contact their solicitor apparently, they just wait until they are told something…..it took 4 weeks to get the LA search…..the same LA that returned everyone else’s in 6 days (none of the chain are moving out of area) I honestly think that because they weren’t contacting their solicitors they went to the bottom of the pile…. 🤔 x
  • Cookie211 said:
    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 🤯🤯
    Oh no @Cookie211, I really feel for you! Try to be positive and look at it as everything is ready to go once the signed documents are received and it’s a small chain so you can exchange and complete on the same day without issue. You will get there and once you get your 🔑 and are in your new home 🏡 all the stress and worry will float away. It will be worth it 🤗 x
    I really hope they receive it tomorrow but don’t think they will now ☹️
    You are so close…try not to stress and just see what tomorrow brings. Go and have a large glass of something, watch a film and forget about it for a few hours (I know that’s easier said than done!) x
  • Cookie211
    Cookie211 Posts: 461 Forumite
    Third Anniversary 100 Posts Name Dropper
    Cookie211 said:
    scottie21 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 accidentally found out (on one of the many ‘measuring’ visits from my buyer) that OUR estate agent had told them they would be lucky to be in by Christmas. Our house went on the market beginning of June and sold instantly….it goes a long way to explaining why every other link in our chain is ready but our buyers are not! 😡 x
    Is there a reason why they not ready 
    They don’t chase or contact their solicitor apparently, they just wait until they are told something…..it took 4 weeks to get the LA search…..the same LA that returned everyone else’s in 6 days (none of the chain are moving out of area) I honestly think that because they weren’t contacting their solicitors they went to the bottom of the pile…. 🤔 x
    Can the EA chase them and tell them to get a move on, idiots mun x
  • Cookie211
    Cookie211 Posts: 461 Forumite
    Third Anniversary 100 Posts Name Dropper
    Cookie211 said:
    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 🤯🤯
    Oh no @Cookie211, I really feel for you! Try to be positive and look at it as everything is ready to go once the signed documents are received and it’s a small chain so you can exchange and complete on the same day without issue. You will get there and once you get your 🔑 and are in your new home 🏡 all the stress and worry will float away. It will be worth it 🤗 x
    I really hope they receive it tomorrow but don’t think they will now ☹️
    You are so close…try not to stress and just see what tomorrow brings. Go and have a large glass of something, watch a film and forget about it for a few hours (I know that’s easier said than done!) x
    So close but feel so far away, yes I’m having a large vodka and coke and trying not to think about it, just want tomorrow to come now though lol was in such a good mood earlier and feel so down now X
  • Finally got the exchange done today just one day before completion.  Relief followed by panic as we are still packing furiously tring to get everything ready for 11 am on Friday when the removals turn up.  Phew.
  • Cookie211 said:
    scottie21 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 accidentally found out (on one of the many ‘measuring’ visits from my buyer) that OUR estate agent had told them they would be lucky to be in by Christmas. Our house went on the market beginning of June and sold instantly….it goes a long way to explaining why every other link in our chain is ready but our buyers are not! 😡 x
    Is there a reason why they not ready 
    They don’t chase or contact their solicitor apparently, they just wait until they are told something…..it took 4 weeks to get the LA search…..the same LA that returned everyone else’s in 6 days (none of the chain are moving out of area) I honestly think that because they weren’t contacting their solicitors they went to the bottom of the pile…. 🤔 x
    4 weeks for LA search seems same as mine as my solicitor submitted searches 4th August and told me yesterday its due back on 3rd September but Tower Hamlets council say its 10 day lead time! 
  • E_D_FTB
    E_D_FTB Posts: 280 Forumite
    100 Posts Name Dropper
    scottie21 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 accidentally found out (on one of the many ‘measuring’ visits from my buyer) that OUR estate agent had told them they would be lucky to be in by Christmas. Our house went on the market beginning of June and sold instantly….it goes a long way to explaining why every other link in our chain is ready but our buyers are not! 😡 x
    That would certainly explain why they're not chasing! If it was me and our seller's EA told us that I'd assume the rest of the chain was waaaaay off exchange and completion. No point getting in your solicitors bad books if it's gonna be a while before things move anyway. 
    10th June - DIP submitted
    11th June - DIP referred to underwriter
    12th June - Viewed house, offer made and accepted
    14th June - DIP accepted and full application submitted
    16th June - Valuation booked for 18th
    18th June - Valuation completed - received text and email confirming the report had been received by Nationwide for review.
    22nd June - Hard search (Transunion)
    24th June - Second hard search (Equifax)
    1st July - Extra documents requested and uploaded by Broker
    9th July - Proof of Deposit requested and uploaded by Broker
    12 July - Searches applied for
    19th July - Problem with Proof of Deposit upload - reuploaded by Broker with narrative
    19th July - Survey carried out
    20th July - Offer issued - checked and confirmed by Broker
    21st July - Contract checks complete
    22nd July - Additional enquiries sent
    23rd July - Survey report returned
    27th July - Documents reviewed and okayed with solicitor
    4th August - Searches back
    31st August - Final enquiries back
    8th September - Contracts signed
    15th September - Deposit money transferred
    28th September - Exchange
    30th September - Proposed Completion
  • E_D_FTB
    E_D_FTB Posts: 280 Forumite
    100 Posts Name Dropper
    Cookie211 said:
    Cookie211 said:
    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 🤯🤯
    Oh no @Cookie211, I really feel for you! Try to be positive and look at it as everything is ready to go once the signed documents are received and it’s a small chain so you can exchange and complete on the same day without issue. You will get there and once you get your 🔑 and are in your new home 🏡 all the stress and worry will float away. It will be worth it 🤗 x
    I really hope they receive it tomorrow but don’t think they will now ☹️
    You are so close…try not to stress and just see what tomorrow brings. Go and have a large glass of something, watch a film and forget about it for a few hours (I know that’s easier said than done!) x
    So close but feel so far away, yes I’m having a large vodka and coke and trying not to think about it, just want tomorrow to come now though lol was in such a good mood earlier and feel so down now X
    Hang in there, you're in the final stretch!
    10th June - DIP submitted
    11th June - DIP referred to underwriter
    12th June - Viewed house, offer made and accepted
    14th June - DIP accepted and full application submitted
    16th June - Valuation booked for 18th
    18th June - Valuation completed - received text and email confirming the report had been received by Nationwide for review.
    22nd June - Hard search (Transunion)
    24th June - Second hard search (Equifax)
    1st July - Extra documents requested and uploaded by Broker
    9th July - Proof of Deposit requested and uploaded by Broker
    12 July - Searches applied for
    19th July - Problem with Proof of Deposit upload - reuploaded by Broker with narrative
    19th July - Survey carried out
    20th July - Offer issued - checked and confirmed by Broker
    21st July - Contract checks complete
    22nd July - Additional enquiries sent
    23rd July - Survey report returned
    27th July - Documents reviewed and okayed with solicitor
    4th August - Searches back
    31st August - Final enquiries back
    8th September - Contracts signed
    15th September - Deposit money transferred
    28th September - Exchange
    30th September - Proposed Completion
  • E_D_FTB said:
    scottie21 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 accidentally found out (on one of the many ‘measuring’ visits from my buyer) that OUR estate agent had told them they would be lucky to be in by Christmas. Our house went on the market beginning of June and sold instantly….it goes a long way to explaining why every other link in our chain is ready but our buyers are not! 😡 x
    That would certainly explain why they're not chasing! If it was me and our seller's EA told us that I'd assume the rest of the chain was waaaaay off exchange and completion. No point getting in your solicitors bad books if it's gonna be a while before things move anyway. 
    Completely agree….you can understand why I was a little bit angry with my EA when I found out 😤 x
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