The NEW waiting to exchange thread...

Monsternextdoor

nekr0mantik said:

Rincewindcl said:

nekr0mantik said:

so update on my situation, I spoke to Broker and we decided I will re apply via Halifax instead of Barclays and that application went through yesterday and this morning E Serv were booked for valuation for Tuesday. So far much better experience as Barclays took 15 days for valuation to happen and ended up with Legal and General doing valuation. E Serv I hear are faster at getting report back to lender normally same day as valuation so I hope Halifax gets back to me 24 hours after and its not down valued by 50k or similar again.  

I did exactly the same as you, went from Barclays to Halifax. I had an offer from Halifax in 2 days!!!!

Did you switch because of the large down valuation also? 
Did you get offer 2 days after valuation you mean?

Halifax down valued mine, thats why re renegotiated the price.

Just be careful that they don't use the same survey as once you have had a rics done it goes on a database that all rics surveyors can access, this way they can do a desktop valuation and not a physical one.

I Know that the surveyor who did ours does 90% of them in the area we have bought in.

nekr0mantik

Monsternextdoor said:

nekr0mantik said:

Rincewindcl said:

nekr0mantik said:

so update on my situation, I spoke to Broker and we decided I will re apply via Halifax instead of Barclays and that application went through yesterday and this morning E Serv were booked for valuation for Tuesday. So far much better experience as Barclays took 15 days for valuation to happen and ended up with Legal and General doing valuation. E Serv I hear are faster at getting report back to lender normally same day as valuation so I hope Halifax gets back to me 24 hours after and its not down valued by 50k or similar again.  

I did exactly the same as you, went from Barclays to Halifax. I had an offer from Halifax in 2 days!!!!

Did you switch because of the large down valuation also? 
Did you get offer 2 days after valuation you mean?

Halifax down valued mine, thats why re renegotiated the price.

Just be careful that they don't use the same survey as once you have had a rics done it goes on a database that all rics surveyors can access, this way they can do a desktop valuation and not a physical one.

I Know that the surveyor who did ours does 90% of them in the area we have bought in.

Yeah what happened with Barclays was they normally use Eserv or Countrywide but instead they used legal and general who dont do it themselves and they outsourced to company thats not even in the area I am buying.

Halifax has booked in person valuation with E Serv. So fingers crossed. I would love it if price was reduced by 10k or so so lets see what E Serv say. I know for certain though its not 55k less as I been looking at properties since March and been keeping eyes on sold prices in the area. If it gets down valued by a lot again then at least I got strong case to go back to vendor to try reduce price.

Monsternextdoor

nekr0mantik said:

Monsternextdoor said:

nekr0mantik said:

Rincewindcl said:

nekr0mantik said:

so update on my situation, I spoke to Broker and we decided I will re apply via Halifax instead of Barclays and that application went through yesterday and this morning E Serv were booked for valuation for Tuesday. So far much better experience as Barclays took 15 days for valuation to happen and ended up with Legal and General doing valuation. E Serv I hear are faster at getting report back to lender normally same day as valuation so I hope Halifax gets back to me 24 hours after and its not down valued by 50k or similar again.  

I did exactly the same as you, went from Barclays to Halifax. I had an offer from Halifax in 2 days!!!!

Did you switch because of the large down valuation also? 
Did you get offer 2 days after valuation you mean?

Halifax down valued mine, thats why re renegotiated the price.

Just be careful that they don't use the same survey as once you have had a rics done it goes on a database that all rics surveyors can access, this way they can do a desktop valuation and not a physical one.

I Know that the surveyor who did ours does 90% of them in the area we have bought in.

Yeah what happened with Barclays was they normally use Eserv or Countrywide but instead they used legal and general who dont do it themselves and they outsourced to company thats not even in the area I am buying.

Halifax has booked in person valuation with E Serv. So fingers crossed. I would love it if price was reduced by 10k or so so lets see what E Serv say. I know for certain though its not 55k less as I been looking at properties since March and been keeping eyes on sold prices in the area. If it gets down valued by a lot again then at least I got strong case to go back to vendor to try reduce price.

We had the same happen and we know that houses had sold for more in the area one that was the same build had gone for £30,000 more as we went after that as well.

Fingers crossed that its not been overvalued but do you have a contingency plan if it is and they won't reduce ? 

nekr0mantik

Monsternextdoor said:

nekr0mantik said:

Monsternextdoor said:

nekr0mantik said:

Rincewindcl said:

nekr0mantik said:

so update on my situation, I spoke to Broker and we decided I will re apply via Halifax instead of Barclays and that application went through yesterday and this morning E Serv were booked for valuation for Tuesday. So far much better experience as Barclays took 15 days for valuation to happen and ended up with Legal and General doing valuation. E Serv I hear are faster at getting report back to lender normally same day as valuation so I hope Halifax gets back to me 24 hours after and its not down valued by 50k or similar again.  

I did exactly the same as you, went from Barclays to Halifax. I had an offer from Halifax in 2 days!!!!

Did you switch because of the large down valuation also? 
Did you get offer 2 days after valuation you mean?

Halifax down valued mine, thats why re renegotiated the price.

Just be careful that they don't use the same survey as once you have had a rics done it goes on a database that all rics surveyors can access, this way they can do a desktop valuation and not a physical one.

I Know that the surveyor who did ours does 90% of them in the area we have bought in.

Yeah what happened with Barclays was they normally use Eserv or Countrywide but instead they used legal and general who dont do it themselves and they outsourced to company thats not even in the area I am buying.

Halifax has booked in person valuation with E Serv. So fingers crossed. I would love it if price was reduced by 10k or so so lets see what E Serv say. I know for certain though its not 55k less as I been looking at properties since March and been keeping eyes on sold prices in the area. If it gets down valued by a lot again then at least I got strong case to go back to vendor to try reduce price.

We had the same happen and we know that houses had sold for more in the area one that was the same build had gone for £30,000 more as we went after that as well.

Fingers crossed that its not been overvalued but do you have a contingency plan if it is and they won't reduce ? 

Well if it happens again and if they dont reduce then I will most likely give up and look again in 12 months for my credit score to not get hammered. Am renting at the moment so can extend it from November if needed.

Monsternextdoor

nekr0mantik said:

Monsternextdoor said:

nekr0mantik said:

Monsternextdoor said:

nekr0mantik said:

Rincewindcl said:

nekr0mantik said:

so update on my situation, I spoke to Broker and we decided I will re apply via Halifax instead of Barclays and that application went through yesterday and this morning E Serv were booked for valuation for Tuesday. So far much better experience as Barclays took 15 days for valuation to happen and ended up with Legal and General doing valuation. E Serv I hear are faster at getting report back to lender normally same day as valuation so I hope Halifax gets back to me 24 hours after and its not down valued by 50k or similar again.  

I did exactly the same as you, went from Barclays to Halifax. I had an offer from Halifax in 2 days!!!!

Did you switch because of the large down valuation also? 
Did you get offer 2 days after valuation you mean?

Halifax down valued mine, thats why re renegotiated the price.

Just be careful that they don't use the same survey as once you have had a rics done it goes on a database that all rics surveyors can access, this way they can do a desktop valuation and not a physical one.

I Know that the surveyor who did ours does 90% of them in the area we have bought in.

Yeah what happened with Barclays was they normally use Eserv or Countrywide but instead they used legal and general who dont do it themselves and they outsourced to company thats not even in the area I am buying.

Halifax has booked in person valuation with E Serv. So fingers crossed. I would love it if price was reduced by 10k or so so lets see what E Serv say. I know for certain though its not 55k less as I been looking at properties since March and been keeping eyes on sold prices in the area. If it gets down valued by a lot again then at least I got strong case to go back to vendor to try reduce price.

We had the same happen and we know that houses had sold for more in the area one that was the same build had gone for £30,000 more as we went after that as well.

Fingers crossed that its not been overvalued but do you have a contingency plan if it is and they won't reduce ? 

Well if it happens again and if they dont reduce then I will most likely give up and look again in 12 months for my credit score to not get hammered. Am renting at the moment so can extend it from November if needed.

Thats good that you are not tied into a chain, I think if they want a sale they will reduce the price.

nekr0mantik

Monsternextdoor said:

nekr0mantik said:

Monsternextdoor said:

nekr0mantik said:

Monsternextdoor said:

nekr0mantik said:

Rincewindcl said:

nekr0mantik said:

so update on my situation, I spoke to Broker and we decided I will re apply via Halifax instead of Barclays and that application went through yesterday and this morning E Serv were booked for valuation for Tuesday. So far much better experience as Barclays took 15 days for valuation to happen and ended up with Legal and General doing valuation. E Serv I hear are faster at getting report back to lender normally same day as valuation so I hope Halifax gets back to me 24 hours after and its not down valued by 50k or similar again.  

I did exactly the same as you, went from Barclays to Halifax. I had an offer from Halifax in 2 days!!!!

Did you switch because of the large down valuation also? 
Did you get offer 2 days after valuation you mean?

Halifax down valued mine, thats why re renegotiated the price.

Just be careful that they don't use the same survey as once you have had a rics done it goes on a database that all rics surveyors can access, this way they can do a desktop valuation and not a physical one.

I Know that the surveyor who did ours does 90% of them in the area we have bought in.

Yeah what happened with Barclays was they normally use Eserv or Countrywide but instead they used legal and general who dont do it themselves and they outsourced to company thats not even in the area I am buying.

Halifax has booked in person valuation with E Serv. So fingers crossed. I would love it if price was reduced by 10k or so so lets see what E Serv say. I know for certain though its not 55k less as I been looking at properties since March and been keeping eyes on sold prices in the area. If it gets down valued by a lot again then at least I got strong case to go back to vendor to try reduce price.

We had the same happen and we know that houses had sold for more in the area one that was the same build had gone for £30,000 more as we went after that as well.

Fingers crossed that its not been overvalued but do you have a contingency plan if it is and they won't reduce ? 

Well if it happens again and if they dont reduce then I will most likely give up and look again in 12 months for my credit score to not get hammered. Am renting at the moment so can extend it from November if needed.

Thats good that you are not tied into a chain, I think if they want a sale they will reduce the price.

Vendor is a investor so very unlikely they will reduce by 55k if second valuation is same lol Apartment 5 floor above which was a studio and so 250 sqfeet smaller sold for same price as valuation price 3 months ago so if I were vendor  would not consider that low of a drop either. 
They can just rent it out and wait for a cash buyer unless they are desperate.

WorriedKirkels

ss2020jd said:

WorriedKirkels said:

heartofzinc said:

blueorchid94 said:

heartofzinc said:

Oscarboi76 said:

Exchange and completion day today but still cant get excited as still don't have faith in our solicitor to get the relevant things done. The sellers solicitor and estate agents have both said our solicitor is the worse they have ever dealt with... good luck to anyone else exchanging or completing today.

Feeling the same way currently. Due to complete next Friday but no exchange date and can’t get a hold of my solicitors or the estate agent! 

I could've written your posts, @heartofzinc & @Oscarboi76 - our solicitors are atrocious at communication! Also meant to be completing on the 10th, no clue of exchange date or if it is even going ahead at this point as they're just ignoring us, even though we really need to know either way...

So frustrating isn’t it! I’ve finally managed to speak to someone and they said it’s still happening but still no exchange date just that it will be early next week. 

Same here - completing on 10th but no confirmation of when we will exchange as waiting for the bottom of the chain to confirm funds are in place 😬 x

I am keeping my fingers crossed for you. My solicitor says “exchange just happens” when trying to pin down a date before. Although obviously the insurance needs to be arranged for that day. Hope you get confirmation on Monday. 

Thank you 😊 Got everything crossed for you too and hopefully contracts will be sorted this week🤞…..I just want it all to be over now x

WorriedKirkels

SaucySecrets said:

We had a whirlwind of a day yesterday...

Got called and asked to go to the solicitors to set exchange/completion dates and sign a final piece of paperwork for our purchase yesterday... excitedly drove 2 hours. 

While sitting outside, we are CC'd on an email between our estate agent and our sellers, saying they'll pass up the chain that we're now a few weeks away from exchange at least. Reading back through the chain, our buyer's mortgage valuation on his other property didn't go well last week, and nobody told us. He now intends to get a valuation here instead, but it's not booked in. 

Our seller's seller looks fairly certain to pull out and stay put. Our seller has already moved out, so is debating his options... I'm not sure where he's living right now. He will get back to us mid-next week. 

Still no direct contact from our estate agent. I cried a lot yesterday but now I just feel a bit numb. I don't believe the estate agent ever checked his proof of funds, it doesn't seem that he can afford to buy how he intended to. We've been questioning the mortgage situation throughout, but our estate agent said they didn't know.

We can just about afford to keep going after the stamp duty holiday, but I'll be 32 weeks pregnant, and we'd be out of time (and £5k down) to get the kitchen done before the baby. 

Congratulations to everyone who has got it over the line! And best of luck to everyone hoping for next week. 

Oh no so sorry to hear that yesterday was a bad day. Last time we moved my youngest was only a few weeks old so I completely understand why you want to be in and sorted. Hopefully it can be fixed and before the end of the month. It does seem amazing how quickly things can change in the house buying  process so don’t be too disheartened as quite often things can be sorted. Hope the new week brings more positive news 🤗 x

Monsternextdoor

WorriedKirkels said:

Thank you 😊 Got everything crossed for you too and hopefully contracts will be sorted this week🤞…..I just want it all to be over now x

Still no exchange ? 

nekr0mantik

@WorriedKirkels

Hope you manage to exchange soon
Fingers crossed