The NEW waiting to exchange thread...

Newdrake88

Does anyone know if your lender refunds an early repayment charge, do they refund it you in cash or credit your mortgage balance?

Mizydoscape

We've completed on our sale this morning just waiting for the word to get the keys for our purchase, then I can load up the cat and drive over (our buyers aren't coming in until 5.30 so agent said no rush).

arrows123

Just exchanged and completed simultaneously! Yay!

E_D_FTB

arrows123 said:

Just exchanged and completed simultaneously! Yay!

Yay! Congrats!

MissBizzita

Hi all,
First post on this thread but have been following a while!
We are selling and buying. Everything is signed and we are just waiting for our buyers’ solicitors to agree to 7th for completion but no indication from our solicitors about when exchange will happen…
Things seem to have changed since Covid/ stamp duty holiday with such short amount of time between exchange and completion so this mad rush at the end is new for us!

I’ve asked our solicitors this question but their answer isn’t all that clear so wondering if anyone can help please? 

We’ve been told we need to have buildings insurance in order for exchange to happen but as we don’t have a date for that - how do we know when to start the policy? The latest answer from the solicitors was “Once a completion date is agreed sort insurance out to start a few days earlier”. Is that what everyone else has done? Or should I just take a policy out once our buyers agree to the 7th? (They’ve already agreed in email to our estate agents, so just waiting on their solicitor agreement). 

Thanks!

HopeAndDriftWood

@MissBizzita It’s a condition of our mortgage (with Barclays) that we have insurance from exchange - our solicitor has to ensure thats the case. They’ve told us to run quotes for now; and then when we get confirmation that we’ve exchanged, take out insurance. 

If we end up doing exchange and completion same day, we’ll insure from that day. 

@arrows123 Congratulations!! 

Our old buyer agreed to sell the searches so we passed the costs over today, no reply from our buyer yet but hopefully that’ll speed things up. 

New buyers solicitor has the pack & contracts, too. We’re now back to waiting on enquiries/mortgage offer. 

Chain is happy as long as we’re done by October 22nd…

E_D_FTB

@MissBizzita we ran a quote before and applied for the policy the first day we gave authority to exchange. Meant we ended up having it for over a week before we finally did exchange, but hopefully it won't be that bad for you! Literally took 10 mins to change the date on the quote and set up the policy.

Lorann_86

birdmadgirl8 said:

Lorann_86 said:

Congratulations to everyone making progress. We have sold our house but still waiting for confirmation of completion on the new house. Sat outside with two cats who hate being in the car! The funds apparently haven't cleared with the vendor yet. 

Please tell us you got in okay with those cats. I really hope you didn't have a miserable night. Thinking of you all.

We did get in finally about 4.45. The cats had a night on their own at the new house, we had another day squeezed in at the in-laws and I am finally in bed in the new house. The shower here almost makes uo for the stress. Our movers were a god send in the end. Managed a full day of work today where they retrieved our things from storage and rebuilt the furniture. To anyone considering movers ease do it! They are extremely helpful and have probably seen your stressful situation before. 

Thanks for thinking of me and good luck to everyone looking to complete tomorrow!! 

E_D_FTB

Lorann_86 said:

birdmadgirl8 said:

Lorann_86 said:

Congratulations to everyone making progress. We have sold our house but still waiting for confirmation of completion on the new house. Sat outside with two cats who hate being in the car! The funds apparently haven't cleared with the vendor yet. 

Please tell us you got in okay with those cats. I really hope you didn't have a miserable night. Thinking of you all.

We did get in finally about 4.45. The cats had a night on their own at the new house, we had another day squeezed in at the in-laws and I am finally in bed in the new house. The shower here almost makes uo for the stress. Our movers were a god send in the end. Managed a full day of work today where they retrieved our things from storage and rebuilt the furniture. To anyone considering movers ease do it! They are extremely helpful and have probably seen your stressful situation before. 

Thanks for thinking of me and good luck to everyone looking to complete tomorrow!! 

Congrats!!! So glad you're in and sorted!

Lorann_86

E_D_FTB said:

Lorann_86 said:

birdmadgirl8 said:

Lorann_86 said:

Congratulations to everyone making progress. We have sold our house but still waiting for confirmation of completion on the new house. Sat outside with two cats who hate being in the car! The funds apparently haven't cleared with the vendor yet. 

Please tell us you got in okay with those cats. I really hope you didn't have a miserable night. Thinking of you all.

We did get in finally about 4.45. The cats had a night on their own at the new house, we had another day squeezed in at the in-laws and I am finally in bed in the new house. The shower here almost makes uo for the stress. Our movers were a god send in the end. Managed a full day of work today where they retrieved our things from storage and rebuilt the furniture. To anyone considering movers ease do it! They are extremely helpful and have probably seen your stressful situation before. 

Thanks for thinking of me and good luck to everyone looking to complete tomorrow!! 

Congrats!!! So glad you're in and sorted!

Thank you!! Genuinely in shock that I am now a home owner. Last house was only in my husband's name. I never thought I would own anything. Feeling abit emotional (might be the prosecco).