The NEW waiting to exchange thread...

scottie21

Soooo…call from solicitor today, plan is to exchange next week, complete 30/9 eeek!!! 

I’ve sorted van hire, and husband has the week off work. (I’m only working Tuesday & Wednesday).
We just need NatWest to process this mortgage application, it everything else seems lined up and good to go. I have the transfer forms etc to sign and have been given a draft completion statement, so it really does feel like we are nearly there!! 

Delighted for anyone who has had news, and have everything crossed for anyone who is waiting. 

This group has kept me sane the last few weeks. 

13 sleeps to go!! 🤞🏼🤞🏼🤞🏼

Newdrake88

Waunakee said:

Newdrake88 said:

Question, has anyone asked their solicitor To bypass enquiries?  My solicitor says they are pretty standard ones and couple which are more complex but will be covered with an indemnity policy (shock horror) 

I am happy to pay for the indemnity policies myself, anyone any experience of this?

I think it will depend on the nature of the enquiries.Be mindful that your solicitors are also acting on behalf of your lender and it may be the case that certain enquiries have to be completed to satisfy your lenders requirements.

Yes I understand that, it seems to me that anything that may be questionable from a lenders point of view is normally covered by insurance 

am I right in thinking that?

MrsBrush

And breathe...

We have finally got our vendors (factory) conveyancers to acknowledge that they cannot refuse to answer the enquiries which they had deemed unnecessary and sat on 3 weeks ago. They have have now finally come back with some answers, so this morning it looked like we were almost there. But, just had our EA on the phone this afternoon to say that despite lots of jumping up and down from my buyers and their buyers over the last few weeks, as there was a huge desire to complete before the end of the month, my buyers equally slow (factory) conveyancers have now suddenly decided to send in some enquiries on my property. This is despite these conveyancers advising my EA at the end of July that they were ready to exchange.

At this point, I am not sure whether to laugh or cry! Goes without saying that we aren't going anywhere in September. 

esubbs

RatInACage said:

Me: Ready to exchange.

My solicitor: Ready to exchange.

Buyer: Ready to exchange.

Buyer's solicitor: *quietly snores*

Right here with you 😩

HopeAndDriftWood

Newdrake88 said:

Question, has anyone asked their solicitor To bypass enquiries?  My solicitor says they are pretty standard ones and couple which are more complex but will be covered with an indemnity policy (shock horror) 

I am happy to pay for the indemnity policies myself, anyone any experience of this?

We asked, but we were told a mortgage lender wouldn't agree, so it'd only be an option if we could buy in cash. 

It may well depend what the enquiries were, though. Our purchase ones have been pretty straightforward, I think there's been three. Our sale has had loads.

Newdrake88

HopeAndDriftWood said:

lol Newdrake88 said:

Question, has anyone asked their solicitor To bypass enquiries?  My solicitor says they are pretty standard ones and couple which are more complex but will be covered with an indemnity policy (shock horror) 

I am happy to pay for the indemnity policies myself, anyone any experience of this?

We asked, but we were told a mortgage lender wouldn't agree, so it'd only be an option if we could buy in cash. 

It may well depend what the enquiries were, though. Our purchase ones have been pretty straightforward, I think there's been three. Our sale has had loads.

Majority of them seem to be around land registry covenants, one asking when the drive was put in, some incomplete questions on fixtures forms 

my solicitor said they are pretty standard except the land registry one but again he said indemnity covers these 

I don’t know I’m just fed up now and maybe clutching at straws 😞😞😞

toniq

Newdrake88 said:

Question, has anyone asked their solicitor To bypass enquiries?  My solicitor says they are pretty standard ones and couple which are more complex but will be covered with an indemnity policy (shock horror) 

I am happy to pay for the indemnity policies myself, anyone any experience of this?

We asked them to stop going back and forth regarding gross devpt value being slightly short, we paid £400 for an indemnity and once they have agreed to three conditions we can exchange, glad we did as both solicitors had even at loggerheads for weeks.

Newdrake88

HopeAndDriftWood said:

Newdrake88 said:

Question, has anyone asked their solicitor To bypass enquiries?  My solicitor says they are pretty standard ones and couple which are more complex but will be covered with an indemnity policy (shock horror) 

I am happy to pay for the indemnity policies myself, anyone any experience of this?

We asked, but we were told a mortgage lender wouldn't agree, so it'd only be an option if we could buy in cash. 

It may well depend what the enquiries were, though. Our purchase ones have been pretty straightforward, I think there's been three. Our sale has had loads.

What sort of enquiries would a lender need answering?

Slithery

Newdrake88 said:

HopeAndDriftWood said:

Newdrake88 said:

Question, has anyone asked their solicitor To bypass enquiries?  My solicitor says they are pretty standard ones and couple which are more complex but will be covered with an indemnity policy (shock horror) 

I am happy to pay for the indemnity policies myself, anyone any experience of this?

We asked, but we were told a mortgage lender wouldn't agree, so it'd only be an option if we could buy in cash. 

It may well depend what the enquiries were, though. Our purchase ones have been pretty straightforward, I think there's been three. Our sale has had loads.

What sort of enquiries would a lender need answering?

Anything that would have a bearing on the value or saleability of the property. They need to know that it can be sold quickly at a decent price if they need to reposses.

Newdrake88

Slithery said:

Newdrake88 said:

HopeAndDriftWood said:

Newdrake88 said:

Question, has anyone asked their solicitor To bypass enquiries?  My solicitor says they are pretty standard ones and couple which are more complex but will be covered with an indemnity policy (shock horror) 

I am happy to pay for the indemnity policies myself, anyone any experience of this?

We asked, but we were told a mortgage lender wouldn't agree, so it'd only be an option if we could buy in cash. 

It may well depend what the enquiries were, though. Our purchase ones have been pretty straightforward, I think there's been three. Our sale has had loads.

What sort of enquiries would a lender need answering?

Anything that would have a bearing on the value or saleability of the property. They need to know that it can be sold quickly at a decent price if they need to reposses.

Slithery said:

Newdrake88 said:

HopeAndDriftWood said:

Newdrake88 said:

Question, has anyone asked their solicitor To bypass enquiries?  My solicitor says they are pretty standard ones and couple which are more complex but will be covered with an indemnity policy (shock horror) 

I am happy to pay for the indemnity policies myself, anyone any experience of this?

We asked, but we were told a mortgage lender wouldn't agree, so it'd only be an option if we could buy in cash. 

It may well depend what the enquiries were, though. Our purchase ones have been pretty straightforward, I think there's been three. Our sale has had loads.

What sort of enquiries would a lender need answering?

Anything that would have a bearing on the value or saleability of the property. They need to know that it can be sold quickly at a decent price if they need to reposses.

Do you have any examples 😂😂