The NEW waiting to exchange thread...

WorriedKirkels

Monsternextdoor said:

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 ? 

Nope 👎 but hoping Monday or Tuesday at the latest 😥 

@nekr0mantik thank you 😊 

Monsternextdoor

WorriedKirkels said:

Monsternextdoor said:

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 ? 

Nope 👎 but hoping Monday or Tuesday at the latest 😥 

@nekr0mantik thank you 😊 

Seems mental with the amount of time that you have been waiting !! 

E_D_FTB

Monsternextdoor said:

Exchanged ! DONE by 10.15 this morning. 

I get my keys on wed ! I can now stop eating a full tub of Ben&Jerrys of a night now  

Congrats!

E_D_FTB

James-may said:

Finally exchanged and completed today, now gathering together cleaning stuff to to start scrubbing the place top to bottom.
Thank you to everyone in this forum for all the help through this whole process.

Congratulations! Enjoy your new home!

E_D_FTB

scottie21 said:

Our sale is almost ready to go through, our survey on our purchase has found foam insulation in the roof. I have no idea where we go from here and what we do about it, as reading the mortgage company may not even lend 😩even though their valuation didn’t flag it up (the loft space was not inspected though as they couldn’t gain access) 

We had the same problem - as with you, it wasn't a problem with our specific lender, but could be an issue both with re-mortgaging and selling later down the line. Also, that insulation can cause rotting to the timbers of the roof which can mean an entire re-roof in the worst case scenario.

Luckily our sellers were very understanding and they agreed to pay for removal and allow us to inspect the roof's condition before exchanging. There's a company called "Spray Foam Removal" who specialise in removing spray foam, as most roofers won't touch it.

I would start by talking to your sellers about what they're willing to do and then go from there. Hope you get it sorted!

Monsternextdoor

E_D_FTB said:

Monsternextdoor said:

Exchanged ! DONE by 10.15 this morning. 

I get my keys on wed ! I can now stop eating a full tub of Ben&Jerrys of a night now  

Congrats!

Thanks ! 

HopeAndDriftWood

WorriedKirkels said:

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

Thanks, that's made me feel a bit better, weirdly! I'm debating going to see the estate agent and give them a bit of a push on Monday... A bit of me feels like it's over, but a bit of me thinks they should push him to at least try and get a mortgage sorted quickly. 

Best of luck for Monday or Tuesday! I hope you're in and settled soon. 

[Deleted User]

is it madness to go on holiday between exchange and completion?

we have a famil holiday paid for by grandparents that needs to change. the house we own the buyer needs completion before our new build is finished so we were moving back to parents anyway. So were thinking why not use two of the back at parents weeks to go away?

or is that mental

On a side note I seem to have to user names on here which is strange.

scottie21

E_D_FTB said:

scottie21 said:

Our sale is almost ready to go through, our survey on our purchase has found foam insulation in the roof. I have no idea where we go from here and what we do about it, as reading the mortgage company may not even lend 😩even though their valuation didn’t flag it up (the loft space was not inspected though as they couldn’t gain access) 

We had the same problem - as with you, it wasn't a problem with our specific lender, but could be an issue both with re-mortgaging and selling later down the line. Also, that insulation can cause rotting to the timbers of the roof which can mean an entire re-roof in the worst case scenario.

Luckily our sellers were very understanding and they agreed to pay for removal and allow us to inspect the roof's condition before exchanging. There's a company called "Spray Foam Removal" who specialise in removing spray foam, as most roofers won't touch it.

I would start by talking to your sellers about what they're willing to do and then go from there. Hope you get it sorted!

Thank you. Who is your lender out of interest if you don’t mind me asking?

toniq

Any reassurance needed, our new build is complete on 24/09 signed off etc, we haven’t exchanged due to the developers solicitors arrogance in completely answering queries, the most important amending title deeds to show we have access through phase 1 to our property in phase 2. 

To say the whole process has been stressful is an understatement.

is there anyway through this stalemate?