The NEW waiting to exchange thread...

House_owner

cheeky-peach said:

Does anyone else wake up wondering if today will be the day for news? And look at the clock to see if the Solicitor is still open? Haha!

Yes - and obsessive checking of emails throughout the day!

sacvwgolf

cheeky-peach said:

Does anyone else wake up wondering if today will be the day for news? And look at the clock to see if the Solicitor is still open? Haha!

All the time....I now hate evenings and weekends!

MrsBrush

WorriedKirkels said:

MrsBrush said:

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?

We had something similar on our current house when we bought it and an indemnity policy covered us. The covenant on ours was to get permission for any alterations from the original builder. Our solicitor asked if the other houses had alterations (they did) and researched whether the building firm was still in operation (it was) so suggested an indemnity policy which the vendor paid for. Hope that helps 🤞

Thank you so much, that really helps. I think it is similar, in that we know that other houses in the same development have done similar things - the most recent sale in the street was in 2016, so similar questions likely asked. The building firm is also still in operation as well, so maybe this wont be quite the nightmare I was worrying about. I had visions of being stuck in my current house for another few months, with the boxes for the move starting to have babies! Fingers crossed  🤞

tanpopo

cheeky-peach said:

Does anyone else wake up wondering if today will be the day for news? And look at the clock to see if the Solicitor is still open? Haha!

Yep! Although annoyingly the secretary sends me emails sometimes at 6.30pm, so I end up obsessively checking throughout the early evenings now and give up about 8pm, before it starts again 12 hours later 

Mysteriously, I also seem to get email updates a couple of hours after I chase the Estate Agent. I don't know if my phoning prompts something to happen, as my solicitor is the one recommended by them. Who knows... 

tanpopo

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 😕 😬 🤯🙏

Have you started packing? Originally I was going to wait until exchange, but I now think the window between exchange and completion is going to be very short indeed, so I might start now

mortgage_noob

mortgage_noob said:

No exchange yet for completion on the tenth. Our solicitor claims she's waiting for info from the seller but we called the EA and she told them that she's waiting for us to transfer the funds. A total lie. 

She hasn't asked us for funds despite us asking multiple times to confirm the bank details and amount, that the HTB ISA was in place etc. Just another case of her passing the blame onto someone else when the reality is that she's the hold up

Finally got through to our solicitor at 17:00, she said she's going to send everything through tomorrow, completion statement etc. We've had empty promises from her before but fingers crossed! 

WorriedKirkels

mat1964 said:

GF sale completed 2 mins before the deadline to send the mortgage funds back.

I'm 57, have been involved in multiple property transactions over the years, but never anything approaching what has gone on here.   I will collate everything and put a complaint in about the buyers solicitors.  Probably won't do any good, but we have evidence she has blatantly lied on several occasions.  We won't get our £17,600 back but it needs to go on record.

So glad you got there in the end! I would complain too as the way you’ve been treated is appalling 😠 On the plus side, it’s done with and you can now enjoy your new home which you completed on earlier in the process 😁 

WorriedKirkels

MrsBrush said:

WorriedKirkels said:

MrsBrush said:

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?

We had something similar on our current house when we bought it and an indemnity policy covered us. The covenant on ours was to get permission for any alterations from the original builder. Our solicitor asked if the other houses had alterations (they did) and researched whether the building firm was still in operation (it was) so suggested an indemnity policy which the vendor paid for. Hope that helps 🤞

Thank you so much, that really helps. I think it is similar, in that we know that other houses in the same development have done similar things - the most recent sale in the street was in 2016, so similar questions likely asked. The building firm is also still in operation as well, so maybe this wont be quite the nightmare I was worrying about. I had visions of being stuck in my current house for another few months, with the boxes for the move starting to have babies! Fingers crossed  🤞

Oh and the indemnity policy will be passed to our buyer when we complete so wasn’t an issue for us this time around when being the seller 😁 

WorriedKirkels

tanpopo said:

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 😕 😬 🤯🙏

Have you started packing? Originally I was going to wait until exchange, but I now think the window between exchange and completion is going to be very short indeed, so I might start now

I’ve been packing for weeks! All very phased and planned but driving the OH and my children bonkers. I told them that if they sat still for too long the other day that they would be bubble wrapped and packed in a box before they could blink….funnily enough they are now keeping out of sight! 😂 

WorriedKirkels

mortgage_noob said:

mortgage_noob said:

No exchange yet for completion on the tenth. Our solicitor claims she's waiting for info from the seller but we called the EA and she told them that she's waiting for us to transfer the funds. A total lie. 

She hasn't asked us for funds despite us asking multiple times to confirm the bank details and amount, that the HTB ISA was in place etc. Just another case of her passing the blame onto someone else when the reality is that she's the hold up

Finally got through to our solicitor at 17:00, she said she's going to send everything through tomorrow, completion statement etc. We've had empty promises from her before but fingers crossed! 

Fantastic news as getting the completion statement means you are pretty much there 😁