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The NEW waiting to exchange thread...
Comments
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Yeah, we've slept on it and decided to agree, painful as it is. It means we won't be saving for a month or so longer than planned, but we can get into our new house and get out of this horrible limbo!scottie21 said:
It’s tough isn’t it, you want to progress but don’t want to be shafted. Maybe agree with your vendor that this is the final compromise and state that to them as part of it.E_D_FTB said:Gosh, looks like I messed a lot yesterday. Fingers crossed for those waiting for exchange today!
We've had a very frustrating update - the people above our sellers, despite apparently needing to complete by end of Sep because their mortgage offer expires are refusing to contribute to our incurred costs by overlapping rent and mortgage to meet their timeline. Ours sellers have been lovely and offered to cover half, but it just feels like we're both being conned by this greedy person above who wants everything on their terms only. Part of me wants to be bloody-mind and say if they're not gonna compromise then we won't agree, but the larger part is just so tired of this nonsense.
But you're right, I feel like we're being taken advantage of, as well as our sellers, by someone being so incredibly selfish! Just have to keep reminding myself that in the grand scheme it's not that much money and it'll be worth it.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 Completion0 -
Again today hoping to exchange. I'm not hopeful about that but as others have said, the sun is shining and I am going to wash as many clothes as possible!12/03/21 - House put up for sale
05/04/21 - Offer accepted for sale of house
10/04/21 - DIP approved
13/04/21 - Offer accepted on purchase of house
28/04/21 - Mortgage application made
30/04/21 - Mortgage offer received
15/06/21 - Searches ordered
28/06/21 - Searches received
22/07/21 - Enquiries raised
03/08/21 - Enquiries returned, 1 outstanding issue
19/08/21 - Enquiries on purchase satisfied. Ready to exchange
08/09/21 - Exchanged
10/09/21 - Due to complete2 -
We are hoping to exchange this week. As far as I'm aware, all in the chain have agreed on the 20th for Completion so fingers crossed!!0
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Positive thinking and got everything crossed for you 🤞🙏neydejean said:Again today hoping to exchange. I'm not hopeful about that but as others have said, the sun is shining and I am going to wash as many clothes as possible!1 -
Woo hoo - good luck for this week 😁cheeky-peach said:We are hoping to exchange this week. As far as I'm aware, all in the chain have agreed on the 20th for Completion so fingers crossed!!2 -
Buyers solicitors
still doing nothing at all1 -
Argh 😠 I am so fed up now! So the bottom of the chain haven’t got their funds across and will ‘pop’ into their solicitors tomorrow to drop their signed forms off….so we may be able to exchange tomorrow afternoon but not likely!!!
So looks like exchange is likely to happen the day before we are supposed to complete. This last stretch is definitely tested by my anxiety levels 😕 😬 🤯🙏1 -
Oh no, what a pain! But as long as it gets done before, you can still complete on Friday and get on with everything else!WorriedKirkels said:Argh 😠 I am so fed up now! So the bottom of the chain haven’t got their funds across and will ‘pop’ into their solicitors tomorrow to drop their signed forms off….so we may be able to exchange tomorrow afternoon but not likely!!!
So looks like exchange is likely to happen the day before we are supposed to complete. This last stretch is definitely tested by my anxiety levels 😕 😬 🤯🙏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 Completion1 -
It must be hard cause obviously you want to complete, but it’s hard to plan removals etc with such timeframes too. No wonder you are stressed!!WorriedKirkels said:Argh 😠 I am so fed up now! So the bottom of the chain haven’t got their funds across and will ‘pop’ into their solicitors tomorrow to drop their signed forms off….so we may be able to exchange tomorrow afternoon but not likely!!!
So looks like exchange is likely to happen the day before we are supposed to complete. This last stretch is definitely tested by my anxiety levels 😕 😬 🤯🙏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 completion1 -
Another aaggh moment. The chain below us is ready and starting to aggressively push for Sept completion, but my sellers solicitors haven't answered any of the legal enquiries and are now saying they are "unnecessary".
There are a couple of historic covenants on the land (although the title is an absolute freehold) which states that the garage should only be used for parking a car and there is a restriction on additions to the building. The garage has been converted to a room (with LA planning permission) and a conservatory erected (under LA permitted development), but there is a couple of outstanding questions of whether the covenant permissions were ever sought from the original conveyance (where the original company that owned the land and developed the site is still in existence so it looks like it technically should have been involved). I obviously need to rely on my solicitor to undertake the due diligence on my behalf, so if he says this is necessary, then I am assuming it is - given that the sellers solicitors have been awful throughout. I am leaving this to the experts to fight amongst themselves, but I also really want to get this all done and moved as soon as. Everything else is done, apparently apart from this, all we need now is agreement on exchange and completion dates
Can this be covered by any sort of indemnity to get this through, or do we need to wait for answers?
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