The NEW waiting to exchange thread...

novelle

Moneybear said:

I feel like my searches have returned in record time! I wasn't expecting them back for a couple of weeks at best. 
My solicitor has sent me the searches report and broken down the observations. But I feel like I don't understand a few of them.
I feel so overwhelmed   

Maybe you can have the solicitor to go over the ones you don't understand ?

I am still waiting for mine to come back, or at least I think I am waiting, as I haven't heard anything from my solicitor AT ALL 

nicolanickynic

chm26 said:

Hi everyone, I've followed this thread for a while but due to my absolutely ridiculous nerves and fear of jinxing I havnt posted anything. Its nice to see that some of those from when I first started following have managed to complete and fingers crossed for everyone else waiting it happens soon. Thought I would add my timeline in case it helps anyone as it's been a bitty process (as it tends to be). So I am a first time solo buyer so on top of the normal nerves of property ownership I have the fact that I'm doing it for the first time on my own (and my anxiety at this point in my life is horrendous but anyway...) 
One of my enquiries threw a major spanner in the works early on in that I was buying a leasehold apartment and as such the ground rent agreement was non feasible to my lender (santander) and so they said they were not willing to lend on it. Some toing and froing later my solicitor managed to agree a different ground rent agreement that kept it at £150 per annum for the remainder of the term (120 years). Some anxiety laden weeks later I have finally completed on the property on 28th and am over the moon but thought my timeline may help others who are feeling the nerves when issues crop up. My timeline is as follows: 
5th May- full mortgage application 
19th May- Mortgage offer received
21st May-  Enquiry raised with lender re: ground rent 
1st July- Lender not willing to lend based on ground rent schedule
5th July- notified by sellers EA that seller is in touch with their solicitor and doing what they can to rectify the situation.
22nd July -  deed of variation agreed between seller and landlord. Lender also informed on this date of change.
24th Aug- FINALLY confirmation from lender they were happy to lend on new schedule
10th Sep- signed and returned contracts 
23rd Sep- exchanged contracts 
28th Sep - Completed purchase 

Congrats, hope you're enjoying your new home. I'm also buying a flat so you've given me hope!!

waitingforsomething

So with the stamp duty holiday over I've been trying to get some updates on my sellers onward purchase.
I've had report on title through today so really getting there now but nobody seems to want to let me know where the sellers are up to and its making me nervous.. I've tried both the estate agent who was so vague I'm starting to think she was maybe a politician in a previous life and the solicitor who has yet to get back to me...
I really hope I'm stressing for nothing 

hg1994

Congrats to all those who made the deadline! Hope you are enjoying your new homes and ready to leave this thread once and for all!

Signed all the contracts and almost everything seems sorted. Haven't transferred across money yet (have never been so eager to give away such a large amount of money before). The only thing left seems to be a really old local charge from when the house was first built. I imagine it will be resolved quickly but I have no idea how long these things take, and it's been part of the back and forth with enquiries for over a month. I guess my solicitor has been busy with clients trying to meet the stamp duty deadline, but I'm getting antsy with her ignoring my emails. She has proposed we exchange and complete on the same day, and I've had to bite the bullet and take the time off work. Not exactly disastrous if we don't complete, but sitting in my rental and refreshing my emails seems like a terrible use of leave.

birdmadgirl8

HopeAndDriftWood said:

I'm nervous but trying not to put that on the new buyer, I know a lot of it will be to do with the old one! 

You can put it on us instead. It's what we're here for ☺️🌼

birdmadgirl8

@Newdrake88 said:

I know the feeling I was disappointed yesterday but then thought I’m not getting down about something I can’t control! Hope you feel better about it soon 

I am focusing on pushing it through for next week now because half my house is packed and half isn’t, feel in limbo!  

Some days I manage that - I know it's daft to get upset about the things you can't control. Plus, I know I'm lucky to even be buying a house. It's just a bit relentless and exhausting sometimes isn't it? The limbo gets tiring too, because you have to let go of the home you're in to prepare for the new...and the longer that goes on the more you feel in between things. Ha! Then again, I might have had too much wine!

birdmadgirl8

KittleSkittle said:

Reading the posts on this thread has certainly given me some perspective - I don’t know how some of you are coping with the stress!

My purchase has luckily not been complicated, it just all seems to have taken a long time. I heard today that everything is ready for exchange, aiming for completion next Friday. Feeling rather giddy! I’ve been living in limbo since May, with most of my stuff still in boxes, and I am SO READY to get settled and organised and be able to think about other things!

That's great news. It is staggering how long the most straightforward chains can take to complete though. Hope it goes well for you next week. 

birdmadgirl8

Faodail said:

I have had an email from our solicitor and he said he’s expedited our sale (as he knows how keen we are to get up there!) he sent through the report on title, owners likely signing documents this week, ours is being sent recorded next day and will be sent back the same. Transferring the funds to the solicitor today so it’s ready for whenever it’s needed! Our date of entry could be moved to the 15th Eeeeeekkk!  

This seems like some sort of miracle to me. Look what can be done 👀 it's amazing and gives me hope that it could work out! 

birdmadgirl8

HopeAndDriftWood said:

I'm hoping for before; I'd only have a few weeks left before my due date...

I'm sure they'll do everything they can to get you in. My sister and my cousin have just moved and managed to get in just before their babies were/are due. Of course they started the moving process after us and are still in first (not at all bitter 🙄), but so glad they got there in time. Sharing their luck with you!

Thrugelmir

waitingforsomething said:

So with the stamp duty holiday over I've been trying to get some updates on my sellers onward purchase.
I've had report on title through today so really getting there now but nobody seems to want to let me know where the sellers are up to and its making me nervous.. I've tried both the estate agent who was so vague I'm starting to think she was maybe a politician in a previous life and the solicitor who has yet to get back to me...
I really hope I'm stressing for nothing 

Friday is still a busy completion day for solicitors offices . Normal work continues. With the deadline gone. Life will return to being less frentic. Mind you there's still a lot of paperwork to be completed and filed. The job isn't finished just because the money has been paid over.