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The NEW waiting to exchange thread...

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Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    100 Posts Name Dropper
    E_D_FTB said:
    DeletedUser said:
    E_D_FTB said:
    DeletedUser said:
    We didn’t exchange on anything or complete the sale because the bottom of the chain messed something up
    so frustrated
    That sucks, I'm sorry. The whole thing is so incredibly frustrating. Fingers crossed we'll all have better luck next week 🤞🤞🤞
    Thank you
    trouble it my new house won’t be ready till 10-12 weeks after exchange…
    which means if it’s 1st october that takes us to Christmas Eve for the 12 week mark!
    it’s a new build but they don’t do the inside till exchange 
    Urgh, what a pain! Have a glass of wine and try to to think about it all until Monday. 🍷
    More like a bottle lol

  • House_owner
    House_owner Posts: 270 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    scottie21 said:
    House_owner said:
    So exchange of contracts didn't happen today - feeling very frustrated about it all - this process has been going on for 19 weeks now and there are only three of us in the chain my buyer, me, and my seller who already had a house to move into.
    Sorry to hear that, did they say why? 
    I phoned this morning to check my Chaps payment had gone through and it had, then no communication at all for the rest of the day!
  • birdmadgirl8
    birdmadgirl8 Posts: 374 Forumite
    100 Posts Name Dropper Photogenic
    @HopeAndDriftWood I'm so sorry to hear your news. It really is a horrible process. I hope that your sellers can be persuaded to keep you on. I hope you mangage to relax at the weekend. 
  • scottie21
    scottie21 Posts: 97 Forumite
    10 Posts First Anniversary Name Dropper
    Im about to start 3 13 hour night shifts and probably won’t get much time to be on here next week packing, but I’ll catch up when I can. I am keeping my fingers crossed for positive news for next week when I next check in. I hope everyone has a weekend not stressing about house moves and enjoys some well deserved R & R 
    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 completion 
  • birdmadgirl8
    birdmadgirl8 Posts: 374 Forumite
    100 Posts Name Dropper Photogenic
    scottie21 said:
    WE HAVE EXCHANGED!!! WOOP WOOP 
    ✨🍾🏡📝🥂🎉🎊🥳👏🏼👏🏼🎆

    Completion Thursday and they are requesting the funds from NatWest!! 
    Fantastic - needed some good news today 🤗
  • birdmadgirl8
    birdmadgirl8 Posts: 374 Forumite
    100 Posts Name Dropper Photogenic
    Mizydoscape said:
    scottie21 said:
    WE HAVE EXCHANGED!!! WOOP WOOP 
    ✨🍾🏡📝🥂🎉🎊🥳👏🏼👏🏼🎆

    Completion Thursday and they are requesting the funds from NatWest!! 
    Congratulations! We've also just exchanged for completion Wednesday.

    Hang in there others waiting! 🤞🤞🤞 for you all.
    Great to see a rush of happy news after all the struggles. Congratulations!
  • birdmadgirl8
    birdmadgirl8 Posts: 374 Forumite
    100 Posts Name Dropper Photogenic
    More frustrating news from our buyers. They haven't responded to our Solicitor about completion dates and are pretty much ignoring our agent. The rest of the chain (including us) is pushing for exchange and today we heard they've gone back to mortgage shopping. They've found a better rate, so need a new offer confirmed. Agents are trying to keep it from the chain above, as top of chain is on verge of pulling. I reckon it serves me right for feeling slightly hopeful this week. Please let them have a speedy lender 🤞 Ours is great, but I know some take ages. Sigh. Again.
  • E_D_FTB
    E_D_FTB Posts: 280 Forumite
    100 Posts Name Dropper
    birdmadgirl8 said:
    More frustrating news from our buyers. They haven't responded to our Solicitor about completion dates and are pretty much ignoring our agent. The rest of the chain (including us) is pushing for exchange and today we heard they've gone back to mortgage shopping. They've found a better rate, so need a new offer confirmed. Agents are trying to keep it from the chain above, as top of chain is on verge of pulling. I reckon it serves me right for feeling slightly hopeful this week. Please let them have a speedy lender 🤞 Ours is great, but I know some take ages. Sigh. Again.
    Oh jeez, how much of a better rate could possibly be worth losing the sale entirely?! Fingers crossed for you - hope you manage to get you mind off of it all for the weekend.
    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 Completion
  • rabtech
    rabtech Posts: 7 Forumite
    First Anniversary Name Dropper First Post
    Well our buyer is refused to exchange today, their solicitor cited at clients request with no other information. Looking forward to paying the £700 SDLT bill, not. Our solicitor has already requested a drawing of funds for the 28th (target completion was the 29th). I've paid buildings insurance on the new place as you can't exchange without it - fortunately I can cancel this within 7 days without penalty. Wife's fuming, god knows what our vendor is going to say as they are ready to go too :/ New target date the 8th of October - this is with housing association cash buyer too, so disappointed.
  • birdmadgirl8
    birdmadgirl8 Posts: 374 Forumite
    100 Posts Name Dropper Photogenic
    rabtech said:
    Well our buyer is refused to exchange today, their solicitor cited at clients request with no other information. Looking forward to paying the £700 SDLT bill, not. Our solicitor has already requested a drawing of funds for the 28th (target completion was the 29th). I've paid buildings insurance on the new place as you can't exchange without it - fortunately I can cancel this within 7 days without penalty. Wife's fuming, god knows what our vendor is going to say as they are ready to go too :/ New target date the 8th of October - this is with housing association cash buyer too, so disappointed.
    Feeling your pain completely. I'm sorry to hear this. It seems the thread is having a few problems with buyers this evening. Hopefully 8th October will be lucky for you - my birthday ☺️
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