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The NEW waiting to exchange thread...
Comments
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Ps congratulations to everyone has exchanged and completed yesterday. Xxx19/7: 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 -
Was hoping to exchange next week, but now have developed Covid - interesting times.....0
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just to let everyone know..the vendor did not want to drop the price by 50k due to valuations and instead is renting it out
so now battle with solisitor to ensure I dont get charged for fees as no fault of my own has it fallen through so I should only be liable for the searches costs.
back to square one which is where I started lookin in March and now feel like giving up until next summer maybe will see.
good luck everyone2 -
We have exchanged yesterday! It's been 6 months since we went on the market, with first set of buyers pulling out we had a bit of a delay and then had a big delay this time around with the management company not playing ball and not replying to enquiries. Our buyer's solicitor went to the management company directly and managed to get all the replies, our solicitor was useless. We thought with such slow progress, we'd miss the September stamp duty deadline, but it all worked out. Now off to order packing materials, movers and packing up our live. Congratulations to everyone who has exchanged/completed this week.3
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Sorry to hear thisnekr0mantik said:just to let everyone know..the vendor did not want to drop the price by 50k due to valuations and instead is renting it out
so now battle with solisitor to ensure I dont get charged for fees as no fault of my own has it fallen through so I should only be liable for the searches costs.
back to square one which is where I started lookin in March and now feel like giving up until next summer maybe will see.
good luck everyone19/7: 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 -
If it's a significant amount then I think you have to reapply annoyingly. There are "allowances" for small amounts, but if it's thousands in difference then you'll have to reapply at the new amount.scottie21 said:If we are reducing our offer based on survey findings (see my previous comment re: spray foam-we have a had a roof quote and EA thinks we are in a good position to negotiate and the vendor will be open to this), do we have to re-apply for our mortgage, will it be straightforward and how long will it take please?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 -
Hopefully it’s £6k as the roof quote was £12k, taking a £230k mortgage to £224k, waiting on vendor to accept/negotiate.E_D_FTB said:
If it's a significant amount then I think you have to reapply annoyingly. There are "allowances" for small amounts, but if it's thousands in difference then you'll have to reapply at the new amount.scottie21 said:If we are reducing our offer based on survey findings (see my previous comment re: spray foam-we have a had a roof quote and EA thinks we are in a good position to negotiate and the vendor will be open to this), do we have to re-apply for our mortgage, will it be straightforward and how long will it take please?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 completion0 -
Are you expecting your solicitor to work for free if they've incured time on your case? Never wise to battle solicitors as they are masters of litigation.nekr0mantik said:
so now battle with solisitor to ensure I dont get charged for fees as no fault of my own has it fallen through so I should only be liable for the searches costs.2 -
Well
another week gone by
we have had to start taking stuff to storage just in case our house does complete it’s sale this month
as new ones not ready till end November
0 -
WorriedKirkels said:A quick update from me, everything went like clockwork yesterday aconnd we completed!!! 🥳 🏡 🔑
After the last few weeks I was expecting one final drama but nothing which was an amazing feeling 😁
We knew the place we were buying needed work but I expected the vendors to leave it clean and tidy - nope! So now surrounded by boxes whilst we deep clean 🧼 But….we’re in and that’s all that matters.
A big thank you to everyone on this thread for keeping me sane and providing advice - you are all fab! Good luck for everyone still waiting to exchange and complete 🤞🙏 🍀
Congratulations!! Hope you are happy in your new home.
1
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