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The NEW waiting to exchange thread...

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Comments

  • So there was no exchange for me today! Hopefully we can do it same day tomorrow as I have Virgin Installation booked for wednesday which I now cannot reschedule. So frustrating!
  • E_D_FTB said:
    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!

    Still not exchanged again today.

    Tomorrow is the day before completion.

    Hopefully exchange tomorrow.
    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 !
  • Ah god, I’ve been up all day packing and arranging utilities etc, I’ve not slept in 30hours due to work, so only just catching up now, I’m so frustrated reading all this for everyone, I was hopeful for good news today, or at least signs of progress. I’ve been mad busy but thinking of you all. 
    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 
  • justcat01 said:
    My buyers buyer fell through today
    I'm so sorry to hear that! Do you know what the next steps are? How close were you to exchange? Any idea why?
    Should have completed last Friday 
  • E_D_FTB
    E_D_FTB Posts: 280 Forumite
    100 Posts Name Dropper
    @Nikki361984 and @FirstTimePlx so sorry you guys had no luck today as well! ☹️

    Had a call from our solicitor around 7 with some positive-ish news. Apparently it would have happened today, but someone in the chain got funny about how/when deposit funds would be transferred. But that should now have been resolved so he feels confident we'll actually exchange tomorrow. But I don't want to get my hopes up, as we've been trying to exchange since 17th with no 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
  • E_D_FTB
    E_D_FTB Posts: 280 Forumite
    100 Posts Name Dropper
    scottie21 said:
    Ah god, I’ve been up all day packing and arranging utilities etc, I’ve not slept in 30hours due to work, so only just catching up now, I’m so frustrated reading all this for everyone, I was hopeful for good news today, or at least signs of progress. I’ve been mad busy but thinking of you all. 
    Oh bless you, not long now! Fingers crossed you'll check in tomorrow and see some good news.
    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
  • Just fingers crossed for everyone.

    If we atleast exchange contracts; then if anything happens, we atleast have some protection.

    Exchange for tomorrow. Completion for Wednesday.

    When do you roughly get the keys ?
    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 !
  • Just had a phone call from my estate agent - wanting me to make arrangements to drop off keys! I said but we haven't exchanged contracts yet - and she said well the solicitors are very busy so it will probably happen on the same day as completion, but obviously there is no gurantee that it will happen!

    Looks like I am going to be in a position of having a removal lorry full of my house contents but with possibility for it to have no where for it to go! Don't know whether to laugh or cry - think I will just eat a big load of chocolate instead!
    I had this today. We have had to arrange storage, rebook the movers for another day and camp and the in-laws. Left our cats at the old house and have to pick them up early in the morning as apparently everything is ready to go, just would not have hit our vendors bank today so we could not complete. Most stressful day of my life.
  • Just fingers crossed for everyone.

    If we atleast exchange contracts; then if anything happens, we atleast have some protection.

    Exchange for tomorrow. Completion for Wednesday.

    When do you roughly get the keys ?
    This is the plan for me too! Fingers crossed. I’m wondering about the time as well, unsure whether to take Wednesday or Thursday off work?! (no chain) 
    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 said:
    @Nikki361984 and @FirstTimePlx so sorry you guys had no luck today as well! ☹️

    Had a call from our solicitor around 7 with some positive-ish news. Apparently it would have happened today, but someone in the chain got funny about how/when deposit funds would be transferred. But that should now have been resolved so he feels confident we'll actually exchange tomorrow. But I don't want to get my hopes up, as we've been trying to exchange since 17th with no luck.
    I've just zoomed through the thread to see if anyone had good news to report. It sounds as though you're so close @E_@E_D_FTB Really hope tomorrow is your day. Sending 🍀 to all of those who didn't quite make it today.
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