We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The NEW waiting to exchange thread...

1…15091510151215141515…2067

Comments

  • E_D_FTB
    E_D_FTB Posts: 280 Forumite
    100 Posts Name Dropper
    The roof issue is finally resolved! Went over to take a look yesterday, and met the sellers, which was really nice. They were absolutely lovely and completely understanding of why we had insisted on getting it sorted before exchanging. Really goes to show that solicitors/EA are sometimes really bad a communicating things and can make you feel worried over nothing!

    Now trying to arrange going into to sign documents before we go on holiday next Friday and then waiting for the rest of the chain to be ready. Very glad that our part is sorted, though, after so long feeling like we were the hold-up!
    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
  • scottie21
    scottie21 Posts: 97 Forumite
    10 Posts First Anniversary Name Dropper
    Cookie211 said:
    Just had a call from EA to come and get the keys 🔑 🥳🥳🥳 so happy 😁 
    Congratulations!! Great to see progress for some 🍾🎉
    19/7: Sale property on market
    24-25/7: 22 viewings on sale property
    24/7: Viewed purchase, probate awaited, no chain
    27/7: Offer accepted on sale (above asking price) FTBs
    28/7: Asking price offer placed on purchase
    29/7: Offer accepted on purchase
    11/8: Mortgage appointment with natwest
    12/8: Mortgage application submitted
    13/8: Valuation done on sale
    13/8: Valuation on purchase booked for 31/8
    16/8: Sale valued at offer price 
    18/8: Valuer for sale turned up early, valued at offer price
    19/8: Mortgage offer received
    26/8: Full structural survey done on sale property. Informed probate granted. 
    3/9: Survey report received, some untoward findings
    8/9: Second viewing, decision to reduce offer
    10/9: Reduced offer submitted following building quote
    11/9: Transfer form & contract signed for sale
    13/9: Sale searches back
    14/9: Reduced offer accepted
    16/9: Mortgage appointment to amend application
    17/9: All searches back on purchase
    18/9: Contract & transfer form
    signed on purchase
    20/9: Amended mortgage offer received 
    21/9: Mortgage redemption requested 
    22/9: Draft completion statements received 
    24/9: Exchanged contracts
    30/9: Proposed completion 
  • scottie21
    scottie21 Posts: 97 Forumite
    10 Posts First Anniversary Name Dropper
    Without reading back was one of you moving to Liverpool? 

    Also we got our queries from our buyers solicitors today, they were sent last week but they had the email wrong. We have responded and have received the TR1 paperwork to sign, so this is good news, I assume they are still waiting on searches. 
    We’ve heard diddly squat about our onward purchase though, apparently the pre-contract was sent last week also. 

    Fingers crossed things can happen in the next four weeks!! 
    19/7: Sale property on market
    24-25/7: 22 viewings on sale property
    24/7: Viewed purchase, probate awaited, no chain
    27/7: Offer accepted on sale (above asking price) FTBs
    28/7: Asking price offer placed on purchase
    29/7: Offer accepted on purchase
    11/8: Mortgage appointment with natwest
    12/8: Mortgage application submitted
    13/8: Valuation done on sale
    13/8: Valuation on purchase booked for 31/8
    16/8: Sale valued at offer price 
    18/8: Valuer for sale turned up early, valued at offer price
    19/8: Mortgage offer received
    26/8: Full structural survey done on sale property. Informed probate granted. 
    3/9: Survey report received, some untoward findings
    8/9: Second viewing, decision to reduce offer
    10/9: Reduced offer submitted following building quote
    11/9: Transfer form & contract signed for sale
    13/9: Sale searches back
    14/9: Reduced offer accepted
    16/9: Mortgage appointment to amend application
    17/9: All searches back on purchase
    18/9: Contract & transfer form
    signed on purchase
    20/9: Amended mortgage offer received 
    21/9: Mortgage redemption requested 
    22/9: Draft completion statements received 
    24/9: Exchanged contracts
    30/9: Proposed completion 
  • WorriedKirkels
    WorriedKirkels Posts: 374 Forumite
    100 Posts Name Dropper
    E_D_FTB said:
    The roof issue is finally resolved! Went over to take a look yesterday, and met the sellers, which was really nice. They were absolutely lovely and completely understanding of why we had insisted on getting it sorted before exchanging. Really goes to show that solicitors/EA are sometimes really bad a communicating things and can make you feel worried over nothing!

    Now trying to arrange going into to sign documents before we go on holiday next Friday and then waiting for the rest of the chain to be ready. Very glad that our part is sorted, though, after so long feeling like we were the hold-up!
    Fantastic news and really pleased for you as I know at times it felt touch and go 😁 Enjoy your break x
  • Newdrake88
    Newdrake88 Posts: 105 Forumite
    100 Posts Name Dropper
    I have a question, I am allowed to contact my vendor solicitor directly or does it have to be EA?

    I am trying to get things done to complete on the 30th, they haven’t sent the contract pack over yet and the EA is on holiday next week 😩 

    I’m quite happy to push/chase them myself but don’t know if I’m allowed??
  • Oscarboi76
    Oscarboi76 Posts: 36 Forumite
    10 Posts
    Cookie211 said:
    Just had a call from EA to come and get the keys 🔑 🥳🥳🥳 so happy 😁 
    Yaaaay... so happy for you, enjoy your new home, wishing you lots of happiness there x
  • Monsternextdoor
    Monsternextdoor Posts: 566 Forumite
    Eighth Anniversary 500 Posts Photogenic Name Dropper
    Cookie211 said:
    🥳🥳🥳🥳 just had an email from solicitor that we completing today she’s just putting the money in sellers solicitor account, omg can I get excited now or shall I wait till I have the keys lol 😝 
    Congrats !!! 
  • Monsternextdoor
    Monsternextdoor Posts: 566 Forumite
    Eighth Anniversary 500 Posts Photogenic Name Dropper
    nekr0mantik said:
    So the down valuation was 50k!!! This is seriously wrong!
    my broker said chance of appeal with barclays is very low even if you show them 3 property in same area similar that sold for similar price. I very much doubt the seller would take a loss and much rather wait for cash buyer.
    EA not calling me back and always line buys so not spoken to them yet.

    the property is 12 months old and the price I agreed to was the price they were selling at in 2019 direct from developer so maybe its 10k more then its worth but I would not say 50k! I suspect they used a radius of areas near why where property prices are much lower as this is in Canary Wharfs new estate thats only 12 months old but its near Poplar so they probably used prices over there.
    They down valued mine by £17,000 and we renegotiated to reduce it by £12,000 

    Mine was a physical valuation as well. 
  • Newdrake88
    Newdrake88 Posts: 105 Forumite
    100 Posts Name Dropper
    Edenbridge said:
    Newdrake88 said:
    I have a question, I am allowed to contact my vendor solicitor directly or does it have to be EA?

    I am trying to get things done to complete on the 30th, they haven’t sent the contract pack over yet and the EA is on holiday next week 😩 

    I’m quite happy to push/chase them myself but don’t know if I’m allowed??

    Your vendors solicitors will not engage with you as you are not their client.Any chasing should be carried out by the EA.

    How far into the process are you? Without draft contracts completion by month end seems overly optimistic.

    Thank you I thought that would be the case

    We are buying a chain free property, my sale
    is ready to exchange, I’m keeping optimistic as my current property from viewing to completion was 25 days so I know it can be done if everyone is pushed/chased 
  • Monsternextdoor
    Monsternextdoor Posts: 566 Forumite
    Eighth Anniversary 500 Posts Photogenic Name Dropper
    scottie21 said:
    Without reading back was one of you moving to Liverpool? 

    Also we got our queries from our buyers solicitors today, they were sent last week but they had the email wrong. We have responded and have received the TR1 paperwork to sign, so this is good news, I assume they are still waiting on searches. 
    We’ve heard diddly squat about our onward purchase though, apparently the pre-contract was sent last week also. 

    Fingers crossed things can happen in the next four weeks!! 
    Me, Just waiting on the come and get the keys day.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture