The NEW waiting to exchange thread...

scottie21

ss2020jd said:

Congrats to those I’ve seen who have finally made progress and good luck to the rest of us for some good news today.

Our time left to exchange and meet the deadline is rapidly dwindling as I think solicitors are away in between as well. 

I’m beginning to think the stress of trying to meet the deadline is not worth the money it’s saving! Not very MSE of me I know haha, but the rush to get there at all costs is the root of all the anxiety, not to mention other’s inactivity.

As you said to me, don’t give up-at least we have tried!!

To be honest we had budgeted for SDLT, and we’re initially told by 3 separate EAs that it would be 4 months for conveyancing, so to get it done pre 30/9 would be amazing, but at this point it is a lot of stress for money we didn’t have anyway, and I’m honestly not that bothered if it’s after, I just wish they would give us a date so we can plan. It’s the not knowing that’s the hard bit. 

Fingers crossed for some news for everyone today 🤞🏼🤞🏼🤞🏼

Bonniepurple

ss2020jd said:

Congrats to those I’ve seen who have finally made progress and good luck to the rest of us for some good news today.

Our time left to exchange and meet the deadline is rapidly dwindling as I think solicitors are away in between as well. 

I’m beginning to think the stress of trying to meet the deadline is not worth the money it’s saving! Not very MSE of me I know haha, but the rush to get there at all costs is the root of all the anxiety, not to mention other’s inactivity.

If it was just us then I wouldn’t mind paying the extra for sanity, but our buyers also want to move on the 30th.

toniq

We are missing the deadline as even though our house is complete next Friday the access to the garage at the side of the house won’t be accessible due to the developer still doing the roof work on 3 houses which also use that road that our garage is on. We won’t be able to complete until 8th/15th October, our original date was end of July but due to building delays it has continuously been knocked back.

esubbs

Well, another week ghosted. How long do we wait for the buyers solicitor to update us before we have to start thinking it's not happening. 🤔

[Deleted User]

Another week of people not being ready and full out taking the Michael 

HopeAndDriftWood

scottie21 said:

HopeAndDriftWood said:

@House_owner Glad you're feeling better - sorry that completion still can't be decided. I hope you make the holiday! 

I think our move ends here. No update from the buyer on timescales for his new mortgage valuations... but our solicitor revisited the partial loft conversion with our bank, and they've now decided they'd like to do a physical valuation. They requested access last week but our solicitor hasn't responded, so they're now saying it'll be next week at the earliest, and we knew nothing about it. I suspect the spray foam upstairs will put an end to this, even though we'd decided to remove it when we move in... 

No hard news from up the chain yet, but I sort of wish it'd end so I could stop holding on to the hope.

Who is your lender? It isn’t an issue with all of them with the spray foam. 

Barclays... I have no idea if they are good or not?! 😬 We're porting our current mortgage, so it was easier to stay with them... 

No news from our buyer at all. 

Our solicitor responded to an email I sent on Monday asking for updates to say she'd had no updates from anywhere but would chase... but we've heard from 3/4, so I don't really believe it's not all sat with her, to be honest. And our purchase was sorted before our solicitor was changed; so that's quite frustrating! 

Still expecting our buyer to pull out at some point, but I think he's hoping someone up the chain will do it for him.

Lorann_86

We are looking like all enquiries are back from both our sale and purchase. So now just need the solicitors to do the last look over and agree a date! We have said ASAP, our buyer doesn't mind as long as it is before mid October and our vendor we assume won't mind as it is an empty property owned by a company. Have removals companies coming to do survey for quotes. God I hope we can do it before the end of this month. 

tanpopo

We exchanged today, woo!  All set to complete just before the SDLT. This is such a relief! 

I'm making a list of the main things we need to do (apart from pack ha!). I guess set up post redirection and book in someone to connect the Wifi back up again are our main priorities

Arfa__

Quick update: seems we're so close to exchanging now. My timeline:

• 07/07/21 - London house went on sale
• 12/07/21 - Accepted an offer on London house
• 19/07/21 - Had offer accepted on Stirling house
• 19/07/21 - TA6 & TA10 forms completed and sent to our English solicitor
• 20/07/21 - Formal offer in writing submitted via our Scottish solicitor
• 20/07/21 - Memorandum of Sales letter received for London house sale
• 22/07/21 - Our broker finalised the best mortgage product choice for Stirling house (HSBC 1.09% fixed for 5yrs)
• 27/07/21 - Decision in Principle received from the lender
• 27/07/21 - Confirmation our buyer has submitted an application to their broker. Awaiting survey booking.
• 02/08/21 - Kids new school enrollment process started
• 03/08/21 - Enquiries raised/returned, building reg part-p cert.
  
• 05/08/21 - Mortgage offer received from our lender - whoopee!
• 10/08/21 - Had another viewing of Stirling house with both kids and my parents - still love it!
  
• 16/08/21 - Pursuing mortgage offer update based on latest interest rate drop from HSBC (0.99% fixed for 5yrs)
  
• 19/08/21 - Our buyer's survey is finally done! Surveyor verbally confirmed no down-valuation.
  
• 20/08/21 - More enquiries raised and responded (mainly repeats of past enquiries...)
• 30/08/21 - Title deeds and LBTT mandate docs signed for our purchase
• 30/08/21 - New mortgage offer secured at new lower rate of 0.99 for 5yrs.
  
• 02/09/21 - Buyer confirms all enquires done
• 03/06/21 - Propose completing on Oct 4th as good for us and our vendors and removals provisionally booked
• 06/09/21 - Millions of boxes dropped off by removal firm, packing starts!
  
• 06/09/21 - Buyer wants price drop due to survey suggesting (non-urgent) roof renovations (we refuse, survey valued at offer price)
• 06/09/21 - Final local authority consents received regarding our purchase.
  
• 07/09/21 - Buyer wants to complete on 17th Sept - would have loved to, but can't do it, too late to book any removals in Sept...
  
• 10/09/21 - Contract docs signed in preparation for our sale
• 16/09/21 - Buyers don't like completion on Mon Oct 4th, want either Fri Oct 1st or 8th - not feasible with our removals due to 3 day job up to Scotland, can't span a weekend.
  

So, so close, just want to exchange/conclude missives so dates are nailed down. Quite why a completion on Monday 4th is no good, but Friday's 1st or 8th on either side are better, I just do not know! Our buyers are only moving a couple of miles down the road, we're relocating 450 miles to Scotland! Why can't they just complete on the Monday, then pick up keys and walk-in at their leisure later in the week?! At this stage, it seems like everything is in place and we're just dealing with our buyer's unnecessary faffing. :-(

On plus side, we're not tied to the SD holiday, our buyers are FTB and there's no LBTT holiday in Scotland now. However, we'd rather not delay much more, don't want to disrupt the kids starting in a new school any more than really necessary.

clare19811

We're finally about to exchange on both sale and purchase. We've given consent and it's set to happen either today or Monday with completion on our sale any day next week and completion on our purchase 14th October. It's been such a stressful ride but the end is finally in sight.