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The NEW waiting to exchange thread...

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Comments

  • Good luck everyone. Let’s hope we all get some happy news this week 🌻
  • amyr
    amyr Posts: 117 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Back here again! It's been nearly four months since we sold our house and moved in with family. Finally, we've had an offer accepted on a house we love.

    It's very early days and I've currently got that joyous remorseful worry - is it the right house? Will we regret it? What have we missed? We sold our last house due to noise from neighbours after only two years, so there's a lot riding on us getting it right this time. Terrified, but ultimately very excited.
  • E_D_FTB said:
    E_D_FTB said:
    So finally I am due to exchange tomorrow for completion Tuesday. Do people do it this quickly? Solicitor's sent this email out about quick exchange/completions that have now given me anxiety! A ahhh I want it all to be done it's been soo stressful!
    Only a few days between exchange and completion seems to have become the norm during the pandemic, and is sadly sticking around. We're meant to complete Thursday, and have been failing to exchange for over a week. Really hoping it happens tomorrow as the uncertainty is driving me mad with anxiety.

    Fingers crossed for you tomorrow - will be looking out for good news!
    Thank you...fingers crossed for you too. Yeah I think solicitor's panicked me with an email about how with short exchange/completion date all the extra work they have to do and if I don't complete being in breach of contract just out the Willie's up me so to speak 
    Oh my god, that sounds so stressful! And pretty unprofessional tbh. Our contract with our solicitor includes a fast completion fee, presumably to cover the cost of the additional work. But it's not totally unexpected or impossible, particularly at the moment. Plenty of people on here who have only had a day or two between exchange and completion.

    Hey @E@E_D_FTB; not sure if you will remember me.

    Just had a quick few reads of your posts. Congratulations, I hope exchange happens in the next few days for you, for completion on Thursday.

    I am in the EXACT same boat as you now. Been waiting a week for the other side to sign their relevant documentation in order to exchange imminently for completion on Wednesday.

    Congratulations to the both of us for our new homes.
    First Time Buyer

    ## April 2021 - DIP/AIP
    15 July 2021 - House - Offer Accepted
    16 July 2021 - Completed Mortgage Application/ Hard Check/ Income Verified [Straight 2 Lender, Without Broker]
    16 July 2021 - Paid for Home Buyers Survey (Level 2); (Waiting for a date on the Survey)
    21 July 2021 - Home Buyers Survey (Level 2); Booked
    21 July 2021 - Home Buyers Survey (Level 2); Completed
    21 July 2021 - Official Offer of Mortgage Completed by Lender [Mortgage Tracker]
    21 July 2021 - Awaiting Conveyancing Next Steps !
    28 September 2021 - Exchanged Contracts !
    29 September 2021 - Planned Completion. My new home !
  • Good luck to everyone trying to make the stamp duty holiday cut off this week!

    We are hoping that our solicitor raises enquiries this week after being away on holiday for 2 weeks.

    Feeling positive!
  • Best of luck today for everyone hoping to meet the September deadline 🤞🤞🤞
  • Good luck to everyone else trying to meet the deadline this week! I’m waiting to hear where the all important document is. If it’s arrived or on its way to the sellers solicitors I feel positive I should meet it. If it’s got delayed or lost in the post then it’s going to be touch and go! 🤞 
    28th April - MIP submitted and issued
    23rd June - Offer Finally Accepted On A House!
    23rd June - Full application submitted through broker
    19th July - Mortgage offer received
    23rd July - Draft contract received
    26th July - Searches requested
    2nd August - Survey completed



  • E_D_FTB
    E_D_FTB Posts: 280 Forumite
    100 Posts Name Dropper
    E_D_FTB said:
    E_D_FTB said:
    So finally I am due to exchange tomorrow for completion Tuesday. Do people do it this quickly? Solicitor's sent this email out about quick exchange/completions that have now given me anxiety! A ahhh I want it all to be done it's been soo stressful!
    Only a few days between exchange and completion seems to have become the norm during the pandemic, and is sadly sticking around. We're meant to complete Thursday, and have been failing to exchange for over a week. Really hoping it happens tomorrow as the uncertainty is driving me mad with anxiety.

    Fingers crossed for you tomorrow - will be looking out for good news!
    Thank you...fingers crossed for you too. Yeah I think solicitor's panicked me with an email about how with short exchange/completion date all the extra work they have to do and if I don't complete being in breach of contract just out the Willie's up me so to speak 
    Oh my god, that sounds so stressful! And pretty unprofessional tbh. Our contract with our solicitor includes a fast completion fee, presumably to cover the cost of the additional work. But it's not totally unexpected or impossible, particularly at the moment. Plenty of people on here who have only had a day or two between exchange and completion.

    Hey @E@E_D_FTB; not sure if you will remember me.

    Just had a quick few reads of your posts. Congratulations, I hope exchange happens in the next few days for you, for completion on Thursday.

    I am in the EXACT same boat as you now. Been waiting a week for the other side to sign their relevant documentation in order to exchange imminently for completion on Wednesday.

    Congratulations to the both of us for our new homes.
    It's a nightmare, isn't it?! Will be very glad when this over and we won't have to do this again for many many years.

    Good luck today - I've got my fingers crossed for both of us!
    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
  • E_D_FTB
    E_D_FTB Posts: 280 Forumite
    100 Posts Name Dropper
    arrows123 said:
    Good luck to everyone else trying to meet the deadline this week! I’m waiting to hear where the all important document is. If it’s arrived or on its way to the sellers solicitors I feel positive I should meet it. If it’s got delayed or lost in the post then it’s going to be touch and go! 🤞 
    Good luck! I feel like a lot of us on the thread deserve some good karma this week!
    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
  • So finally I am due to exchange tomorrow for completion Tuesday. Do people do it this quickly? Solicitor's sent this email out about quick exchange/completions that have now given me anxiety! A ahhh I want it all to be done it's been soo stressful!
    We are hoping to exchange and complete today!
  • E_D_FTB
    E_D_FTB Posts: 280 Forumite
    100 Posts Name Dropper
    Lorann_86 said:
    So finally I am due to exchange tomorrow for completion Tuesday. Do people do it this quickly? Solicitor's sent this email out about quick exchange/completions that have now given me anxiety! A ahhh I want it all to be done it's been soo stressful!
    We are hoping to exchange and complete today!
    Ah, good luck!!!
    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
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