The NEW waiting to exchange thread...

Rincewindcl

cheeky-peach said:

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

Congrats, well done!

cheeky-peach

Rincewindcl said:

cheeky-peach said:

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

Congrats, well done!

Any news for you? 

Rincewindcl

cheeky-peach said:

Rincewindcl said:

cheeky-peach said:

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

Congrats, well done!

Any news for you? 

Nothing yet 😕

Newdrake88

Some advice needed for first time sale and onward purchase 

completion day? EA says that you basically need to be have your whole house empty and belongings sat in a truck waiting for your new keys? 

This has just put me in a panic 😂😂😂

House_owner

So, after chasing today, I find out that my buyer and seller has agreed to my proposed completion date - good news, except for the fact that my seller hadn’t had this passed on by his solicitor! He only found out, because I chased through the estate agent. 

Hoping to exchange next week and complete 29th - but not holding my breath knowing how incompetent my sellers solicitor has been all the way along!

House_owner

mandylehti said:

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.

Hope things work out for you - it’s so stressful isn’t it, when problems are caused by other people in the system!

nekr0mantik

Newdrake88 said:

Some advice needed for first time sale and onward purchase 

completion day? EA says that you basically need to be have your whole house empty and belongings sat in a truck waiting for your new keys? 

This has just put me in a panic 😂😂😂

I will be shocked if you NEED to move in on completion as as legally you own the property from that day and so any costs start from then. If you want you can leave it empty and pay the council tax bills mortgage etc while empty. 

badger09

Newdrake88 said:

Some advice needed for first time sale and onward purchase 

completion day? EA says that you basically need to be have your whole house empty and belongings sat in a truck waiting for your new keys? 

This has just put me in a panic 😂😂😂

What did you expect to happen on completion day?

Newdrake88

badger09 said:

Newdrake88 said:

Some advice needed for first time sale and onward purchase 

completion day? EA says that you basically need to be have your whole house empty and belongings sat in a truck waiting for your new keys? 

This has just put me in a panic 😂😂😂

What did you expect to happen on completion day?

Well wasn’t sure what to expect, but maybe being able to move things over before a certain time, not everything out at once 

Newdrake88

nekr0mantik said:

Newdrake88 said:

Some advice needed for first time sale and onward purchase 

completion day? EA says that you basically need to be have your whole house empty and belongings sat in a truck waiting for your new keys? 

This has just put me in a panic 😂😂😂

I will be shocked if you NEED to move in on completion as as legally you own the property from that day and so any costs start from then. If you want you can leave it empty and pay the council tax bills mortgage etc while empty. 

Either you didn’t understand my question or I don’t understand your reply, is it sarcasm? Please elaborate