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The NEW waiting to exchange thread...
Comments
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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!0
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E_D_FTB said:
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.FirstTimePlx said:E_D_FTB said:
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.Nikki361984 said:
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 speakE_D_FTB said:
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.Nikki361984 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!
Fingers crossed for you tomorrow - will be looking out for good news!
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.
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 !0 -
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 completion0 -
Should have completed last Fridayjustcat01 said:
I'm so sorry to hear that! Do you know what the next steps are? How close were you to exchange? Any idea why?DeletedUser said:My buyers buyer fell through today0 -
@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 Completion1 -
Oh bless you, not long now! Fingers crossed you'll check in tomorrow and see some good news.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.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 Completion1 -
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 !2 -
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.House_owner said: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!1 -
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)FirstTimePlx said: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 ?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 completed1 -
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.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.0
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