The NEW waiting to exchange thread...

E_D_FTB

House_owner said:

E_D_FTB said:

House_owner said:

Congratulations to everyone who has exhanged/completed, sympathies to everyone who is still waiting!

I have just found out that the EPC on the house I am buying is booked in to be done on 9th September.Apart from that everything on sale and purchase is ready for exchange. When I asked if I could suggest a completion date, I was told I can't make any suggestions until next week as my buyers solicitor is on holiday!

Holidaying solicitor strikes again! Honestly, it is shocking how many delays over the last month or so have been in part or wholly due to solicitors being on holiday and no system being in place to cover their cases! Hopefully you'll be able to get things confirmed as soon as they're back.

I have never understood why solicitors can't have someone else take over their work when they are on holiday?!

Right?! When I go on holiday I handover anything ongoing to someone else, I don't just abandon it for the entire time!

vixst

Good news - exchange DID happen today! So full steam ahead for completion next Thurs. Feel like the end is in sight, a little more certainty that I won't be homeless at the end of the month

mat1964

So we finally completed on our new build yesterday and very nice it is too.  So glad I got the back up mortgage after my GF's sale hit the buffers - she is no closer to selling her house yet - and even though they've been told she's withdrawn her acceptance of their offer, her previous buyers are still playing the 'we're very close' game, 6 months after their offer was originally accepted.  

E_D_FTB

vixst said:

Good news - exchange DID happen today! So full steam ahead for completion next Thurs. Feel like the end is in sight, a little more certainty that I won't be homeless at the end of the month

Congrats - always good to feel like you won't be homeless!

E_D_FTB

mat1964 said:

So we finally completed on our new build yesterday and very nice it is too.  So glad I got the back up mortgage after my GF's sale hit the buffers - she is no closer to selling her house yet - and even though they've been told she's withdrawn her acceptance of their offer, her previous buyers are still playing the 'we're very close' game, 6 months after their offer was originally accepted.  

Congratulations! At least now there's no pressure on getting your GF's sale through. Hope you're enjoying your lovely new home!

[Deleted User]

mat1964 said:

So we finally completed on our new build yesterday and very nice it is too.  So glad I got the back up mortgage after my GF's sale hit the buffers - she is no closer to selling her house yet - and even though they've been told she's withdrawn her acceptance of their offer, her previous buyers are still playing the 'we're very close' game, 6 months after their offer was originally accepted.  

Congratulations 

we will be technically staying at relatives when our sale goes through as our new builds not ready till november

DamInc

Anyone else had dealings with PPL conveyancers?  For the love of God, avoid them like the plague.

We sold our place and put in an offer on a house (accepted same day) on the 23rd of March.  Our chain is quite small.  We all use the same Estate Agents and we all use PPL as the solicitors (other than the top of the chain selling to our vendors).  PPL are our Estate Agents "preferred" solicitors so went with them - yeah, I know, we really should have checked.  There are four properties in the chain.

It's been months of pain and ineptitude thus far.  We've been waiting to exchange and get a date for completion for weeks.  We all finally agreed a date last week, for completion next week.  Hurray!  PPL ordered our mortgage money from Barclays, who then confirmed that to us separately that PPL would get that money next week.

We then get an email from PPL today.  There's seven outstanding queries on the flat our vendors are buying and we may not now be able to exchange next week.  We were told by them last week over the phone that there were no enquiries left.

We've booked time of work and the removals firm.  The mortgage funds hit the solicitors next week.  We're so fed up with this now.

Should a conveyancing solicitor request mortgage funds if there are outstanding enquiries?  Waiting on a call from our EA who is calling the solicitors to see what the hell is going on.  :-(

greensalad

Edenbridge said:

greensalad said:

Can anyone help me with this query; do we have to tell the mortgage provider the survey details? I presume so? Or is it just for us. Or is it if things are raised by enquiries then we may have to?

We are having a small issue with building regs for one area of the house, however we intend to build and extension so we can mitigate these issues in the term of the mortgage. I've heard though that the mortgage provider may need convincing. My query is, how will they know there is an issue? At what point would they get told?

Your solicitor also acts on behalf of the lender and is obliged to inform them of anything that may affect the mortgage offer such as lack of building regulations sign off.
They may be happy to proceed with indemnity insurance in place.

OK, so it'd be up to the solicitor to make that decision? Do we need to share our survey with the solicitor though? 

I only ask because it's not something that concerns us (lack of building regs for removal of a door which the surveyor said could be supporting the immediate brickwork surround but isn't showing any signs of damage, on a wall that we intend to change anyway ASAP). So if the solicitor doesn't bring up, and we don't mention it, then would the bank ever know?

E_D_FTB

greensalad said:

Edenbridge said:

greensalad said:

Can anyone help me with this query; do we have to tell the mortgage provider the survey details? I presume so? Or is it just for us. Or is it if things are raised by enquiries then we may have to?

We are having a small issue with building regs for one area of the house, however we intend to build and extension so we can mitigate these issues in the term of the mortgage. I've heard though that the mortgage provider may need convincing. My query is, how will they know there is an issue? At what point would they get told?

Your solicitor also acts on behalf of the lender and is obliged to inform them of anything that may affect the mortgage offer such as lack of building regulations sign off.
They may be happy to proceed with indemnity insurance in place.

OK, so it'd be up to the solicitor to make that decision? Do we need to share our survey with the solicitor though? 

I only ask because it's not something that concerns us (lack of building regs for removal of a door which the surveyor said could be supporting the immediate brickwork surround but isn't showing any signs of damage, on a wall that we intend to change anyway ASAP). So if the solicitor doesn't bring up, and we don't mention it, then would the bank ever know?

You don't have to share with your solicitor. However, it might be worth researching if this would cause problems getting planning permissions etc for the extension. As @Edenbridge said, an indemnity policy would do the trick just to be sure.

Entirely up to you though. There's no obligation to get a survey at all, so you control what is disclosed. But again as @Edenbridge said, your solicitor has an obligation to the lender, so be prepared for that if you raise it with them. 

vixst

greensalad said:

OK, so it'd be up to the solicitor to make that decision? Do we need to share our survey with the solicitor though? 

I only ask because it's not something that concerns us (lack of building regs for removal of a door which the surveyor said could be supporting the immediate brickwork surround but isn't showing any signs of damage, on a wall that we intend to change anyway ASAP). So if the solicitor doesn't bring up, and we don't mention it, then would the bank ever know?

We never sent the survey report to our lender. Our solicitor themselves brought up the issue of lack of building regs sign off on the enclosure of a downstairs toilet on the house we're buying, before this was raised in the survey report. An indemnity policy was sorted, and I believe this was enough for our lender to be happy. (Our solicitor is also acting for our lender, so I'm assuming they would have shared the fact there was no building regs sign off with them).