The NEW waiting to exchange thread...

E_D_FTB

birdmadgirl8 said:

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 ☺️

Buyer or seller, seems the issues start when people get selfish and forget that they're not the only people in the process that matter. We've tried so hard to be accommodating and get our part done quickly (not wanting to be useless FTBs), meanwhile the top of the have simultaneously insisted they can only exchange and complete in September while also now delaying exchange.

Hopefully we'll all have better weeks next week.

rabtech

birdmadgirl8 said:

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 ☺️

Thank you, it's my birthday on the 13th. We first moved into this house on the 13th October 2007, may be it's a sign.

birdmadgirl8

E_D_FTB said:

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.

Thank you ☺️Yeah, a mental break would be great. Our agent said he's working tomorrow though, so I'll have an eye on phone/email all day. Will try to throw myself into house prep and spend some happy time tidying the garden. Will find that hardest to leave behind. It's not very big, but full of stuff I planted with my lovely (long departed) stepdad 🌳

birdmadgirl8

rabtech said:

Thank you, it's my birthday on the 13th. We first moved into this house on the 13th October 2007, may be it's a sign.

Yes, of course it is! Just think what a happy birthday you'll have if it works out on the 8th.Good luck!

birdmadgirl8

E_D_FTB said:

Buyer or seller, seems the issues start when people get selfish and forget that they're not the only people in the process that matter. 

Completely agree.

HopeAndDriftWood

Hi all, 

Commiserations to everyone else who had rubbish news this week 🙈

We approached the other person who had offered for our place. He is interested - it's complicated now, as he's offered on something else, but there's been no progress in 12 weeks so he's frustrated. He's got a 25% deposit and has already sent over proof of that and his Decision in Principle... We're waiting for our sellers' estate agent to confirm if that's okay, now. Irritatingly, they don't like to touch each other's cases there, and his estate agent doesn't work weekends or Mondays... 

I'm cautiously optimistic, but we'll lose about £10k all in all, with the lower offer and the stamp duty deadline passing. Eek. 

birdmadgirl8

@HopeAndDriftWood - pleased to hear you've had a bit of good news. Sounds as if they could proceed quite quickly if they do decide to go with your property. Is there a long wait for searches in your area? If so, then maybe previous buyer could sell their searches. I don't want to calculate how much more we've had to pay 🙈🙉 Trying to be philosophical about it! 

HopeAndDriftWood

@birdmadgirl8 Our estate agent suddenly seems absolutely on it... she's talked to the new buyers' mortgage advisor, who has said he's got a full mortgage offer on the other property but the vendor hasn't found anywhere to go, so it's all come to a stop. All he'd need to do is change the address and have the valuation done here, apparently, and then he'd have a full offer again as it's already been underwritten.

Old buyer has been told and will sell on his searches to recoup costs... I think they took 5 days or so here in August. 

And then our solicitor will need to send over the packs and things quickly. She'll probably be our downfall! 

I'm going to take a leaf out of your book, and not think about the extra costs! Hopefully it'll be worth it in the end. 

birdmadgirl8

@HopeAndDriftWood - at least you have a plan and your agent sounds great. 5 working days on searches sounds good too (we had 40), so either way you'd be okay there. Hope it all works out!

Borisbearworrier

So my process has come to a halt. 
Told last week the rest of the chain was complete with just a few enquiries going between solicitors.
My buyer has just called as her buyers buyer has been in contact and is not proceeding.
Strange thing is no one in the chain has been contacted by estate agents or solicitors to advise of this event. All been through direct communication.
What are my options here? My buyer would still like to continue as would hers.