The NEW waiting to exchange thread...

cheeky-peach

So... waiting on news that our exchange has happened successfully. Please, everyone, keep everything crossed for us!!!!

esubbs

cheeky-peach said:

So... waiting on news that our exchange has happened successfully. Please, everyone, keep everything crossed for us!!!!

🤞🤞🤞🤞 Good luck!

ss2020jd

cheeky-peach said:

So... waiting on news that our exchange has happened successfully. Please, everyone, keep everything crossed for us!!!!

🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞

Rincewindcl

cheeky-peach said:

So... waiting on news that our exchange has happened successfully. Please, everyone, keep everything crossed for us!!!!

I'm in the same boat! Refreshing my emails every minute!

cheeky-peach

Rincewindcl said:

cheeky-peach said:

So... waiting on news that our exchange has happened successfully. Please, everyone, keep everything crossed for us!!!!

I'm in the same boat! Refreshing my emails every minute!

I guess how long it takes depends on how quick they can contact everyone to get the go ahead and assuming everyone else is still keen? What a stressful time!

blueorchid94

Best of luck to everyone hoping to exchange or complete today!

We are supposed to be doing both today, heard nothing yet but watching my phone like a hawk for any sign of an email or call... all outstanding funds from our end have been sent to our solicitor earlier in the week and I even rang our lender myself yesterday to confirm they'd sent the mortgage funds. 

It's a really straightforward purchase, no chain, it's just us as FTBs and the vendors selling their parents' house, which is already empty. Really hoping it all goes ahead fine but I am a chronic worrier!

HopeAndDriftWood

cheeky-peach said:

So... waiting on news that our exchange has happened successfully. Please, everyone, keep everything crossed for us!!!!

Best of luck!! 

Thanks for all the well wishes, too. Baby seems more active today; I'm trying very hard to channel calmness... We'll see how long it lasts 🙈

mandylehti

Just to share my current hoopla somewhere, as it's driving me insane...
Selling to FTBs, buying from someone with no chain. Should have been incredibly straightforward. Alas...

15/06 - Buyers offered, offer accepted after some haggling over price
15/06 - Property removed from market, offer letters sent out
17/06 - EWS1 provided, solicitors (instructed when property was put on market) alerted to sale
19/06 - Viewed a property, verbal offer put in
21/06 - Best and final offers requested
22/06 - Offer conditionally accepted, final viewings still to take place
24/06 - Offer officially accepted on purchase
24/06 - Solicitor instructed for purchase
25/06 - Memorandum of sale sent out for purchase
25/06 - Memorandum of sale sent out for sale
25/06 - Mortgage broker contacted
30/06 - Mortgage application sent to lender (NatWest)
30/06 - Draft contracts issued for sale
01/07 - Draft contracts issued for purchase, searches requested
05/07 - Signed mortgage deed sent
10/07 - Mortgage Offer received
21/07 - Mortgage Deed received from solicitor
21/07 - First buyers' enquiries raised and replied to
03/08 - Still awaiting reply from buyers' solicitor on any further enquiries
23/08 - I caught an issue with the lease on the property I am buying (short least of 65 years, shared of freehold conversion flat, neither solicitor nor bank had caught it). 
23/08 - Solicitor requests informal lease extension (via deed of variation) of 125 years from vendor prior to completion
25/08 - Further enquiries from buyer raised
26/08 - Further enquiries settled
08/09 - Final enquiries from buyer raised and settled. Sale is now ready to exchange
10/09 - Still awaiting reply from buyers' solicitors on lease extension. Lender now refusing to allow exchange unless lease has been extended
12/09 - Buyers coming into measure place


I had really been hoping to exchange and complete before the end of the month, but this darn lease extension issue has now thrown a wrench in everyone's plans. At least I know everyone is committed to this - the buyers are keen and have requested a second viewing this weekend to measure stuff, and the vendor had actually requested a completion date last month; all the more annoying that they are now the ones holding everything up. I'm hoping I will see a light at the end of this tunnel soon, but the stress is eating me alive at the moment.

cheeky-peach

We have exchanged!!!! Yay!! Gin needed!! 

ss2020jd

cheeky-peach said:

We have exchanged!!!! Yay!! Gin needed!! 

🎉 🥳 fantastic news! Congratulations. Bring on the gin!