The NEW waiting to exchange thread...

MrsBrush

TheScone said:

esubbs said:

Is it really that unreasonable to expect some sort of communication from the buyer's solicitor to ours?
We've had two lots of enquiries from them, the first were pointless as basically the same questions as the property information form and the second was asking for retrospective planning on a historic extension we'd already given details of. We responded to both same day.
The latter was nearly four weeks ago, they don't even acknowledge receipt let alone respond to my solicitor's request for update. 
I spoke to our estate agent earlier who, in not so many words said I'm being unreasonable and it's perfectly normal for the buyers' solicitor to not give any information to ours on their progress. 

Communication has been my biggest gripe with the house buying/selling process so far! Everyone could just rest easy if we knew where each thing was up to, but no one seems to tell you anything until they want you to do something.

I work as a project manager and giving people updates on their projects is such an important part of what I do, it doesn't seem to be implemented in conveyancing at all!

Totally agree. I am a project manager as well, and 95% of my work is making sure information flows to the right people at the right time, and holding people to account when they don't do what they are supposed to be doing. Conveyancing in England doesn't appear to operate under the same principles at all, yet it is a situation where a project management approach could yield massive benefits. In fairness, many good EA's have post sales teams who do their best to manage the fallout of all of this, and I know that my own EA has been absolutely amazing, patient and thorough, but many of the cheaper EAs might not have these people! I wonder how many sales fall through as a result of poor communication - I bet it is a lot! It all seems to be a complete shambles and it cant be reformed quickly enough in my humble opinion! 

greensalad

Borisbearworrier said:

Hi everyone,
Could someone advise me if I am being impatient or is this normal.
We received the memorandum of sale 25 August and since then draft contracts have gone out to our buyers solicitors and we have our mortgage offer. However there is still nothing from the vendors solicitors? I was told yesterday one document was missing but this had been resolved but still nothing. It seems like a long time for me to not to receive initial documents??

Ours took 8 weeks

mortgage_noob

We exchanged today! Barclays have released the funds and the status online is 'completed' and our solicitor sent a letter stating we'd completed  on the 9th even though we were going for completion on the 10th. 1 set of keys are in a 'key box' at the property and another are with the EA.

So perhaps we've completed too...either way we're moving tomorrow...

JCarmello

Anyone ever exchanged and/or completed while on holiday? We have sold our apartment, and the house we're trying to buy is vacant and chain-free, and it looks like we'll be ready to exchange early next week, but we're away from for two weeks. So I'm thinking it should be rather less stressful than it might otherwise be.

[Deleted User]

Slithery said:

DeletedUser said:

Enquiries are with buyer to look over and the paperwork to sign too
how much long do we think 
we need to sign 
then it’s done

Could still be months depending on the outcome of the enquiries.

That wasn’t very helpful
the enquiries for our purchase are satisfied

and the five enquiries from our buyer are straight forward paperwork requests

WorriedKirkels

cheeky-peach said:

Just had an e-mail to say we are lined up to exchange tomorrow. Fingers crossed it happens!

😁 fantastic news 🥳

E_D_FTB

Kazzam1984 said:

E_D_FTB said:

Kazzam1984 said:

Also so worried we won't make stamp duty cut off as our buyers will pull out of not done by end of September . Yuk

We've had threats of this in our chain. I keep trying to remind myself that 1) I'm not holding anything up, so there's nothing I can do to speed along the process and 2) the saving this time, while certainly not nothing, is not so much it couldn't be saved up. I find it hard to believe people will actually give up entirely on selling/moving because of missing the deadline.

Fingers crossed for you!

They would be pulling out because  their mortgage offer ends apparently 

Same thing in our chain - apparently one of the party's offer expires coincidentally on 30th Sep. I'm pretty sure you can get extensions on offers or reapply. Annoying ab more waiting, but you've already missed the deadline at that point 🤷 

No way of knowing how really the threats are Vs trying to put the pressure on. All you can do is get everything you can done, then it's in the hands of fate. 

HopeAndDriftWood

WorriedKirkels said:

So, a quick update. After a rather manic 24 hours and urgent requests by the our buyers buyer (FTB) solicitor to HTB ISA for urgent funds release we have EXCHANGED!!!! Woo hoo 😁 completion set for tomorrow and currently in packing chaos.  A big thanks to you all for keeping me sane these last few days 🤪🤯🙏😁 x

Ahh congratulations!! I'm so happy for you. Best of luck for tomorrow, I hope moving goes well! 

HopeAndDriftWood

mortgage_noob said:

We exchanged today! Barclays have released the funds and the status online is 'completed' and our solicitor sent a letter stating we'd completed  on the 9th even though we were going for completion on the 10th. 1 set of keys are in a 'key box' at the property and another are with the EA.

So perhaps we've completed too...either way we're moving tomorrow...

Congratulations to you too!! 

HopeAndDriftWood

Not much of an update from me, sadly... Our solicitor hasn't been in contact at all today. Our estate agent emailed at 7am to say that she'd finally clarified the mortgage situation of our buyer... he's had his existing property valued, last week, for a remortgage. He'll get the results from the underwriter on Monday, and then he can book his valuation of here... so no idea how long we're looking at for that, really. He's using Kensington. 

No news from the rest of the chain, either, but I haven't chased - spent today in the Antenatal Assessment Unit with reduced movements, so it's been left to it's own devices a bit.