The NEW waiting to exchange thread...

nrowlands95

Hey guys, we’re hopefully nearing the end of our process so thought I’d share our timelines so far 

27/07/20 - Offer accepted 
30/07/20 - Mortgage application submitted
02/08/20 - Search’s requested & returned on the same day
04/08/20 - Memorandum of sale received 
04/08/20 - Our solicitor requested the draft of contract 
17/08/20 - Valuation completed & mortgage offer received 
19/10/20 - Draft of contract, TR1 and a number of other docs sent to us to sign 

Our solicitor is pushing for a simultaneous exchange and completion so we’re just waiting on a date before closing our HTB ISAs as they’ve said they’ll give us 14 days notice. 

As you can see…radio silence for over a month so our nerves were going but all
seems to be moving now so hopefully gives some of you hope ☺️ the stamp duty deadline really did delay things for us, the house has been empty since August!! 

nicolanickynic

nrowlands95 said:

Hey guys, we’re hopefully nearing the end of our process so thought I’d share our timelines so far 

27/07/20 - Offer accepted 
30/07/20 - Mortgage application submitted
02/08/20 - Search’s requested & returned on the same day
04/08/20 - Memorandum of sale received 
04/08/20 - Our solicitor requested the draft of contract 
17/08/20 - Valuation completed & mortgage offer received 
19/10/20 - Draft of contract, TR1 and a number of other docs sent to us to sign 

Our solicitor is pushing for a simultaneous exchange and completion so we’re just waiting on a date before closing our HTB ISAs as they’ve said they’ll give us 14 days notice. 

As you can see…radio silence for over a month so our nerves were going but all
seems to be moving now so hopefully gives some of you hope ☺️ the stamp duty deadline really did delay things for us, the house has been empty since August!! 

Hopefully you'll be there soon!

Same, got my mortgage offer Sept 9th.
Solicitor confirm all searches returned Sept 14th.  Stamp duty hols delayed my case also.  

Now seems to be moving. Got my draft contract on Friday.  Just waiting for a couple of minor enquiries to be answered.  

Fingers crossed for completion within the next 4 weeks.

Good luck to you

Veromartos

 The buyers at the bottom of the chain are waiting on ISA funds to be drawn down. (For they deposit)
All of the rest is ready. We have been waiting for this for over a week now. 
Anyone has any experience on how long this usually take?
Communication with them is not great😖

Mantis_Toboggan

Well, after weeks of lurking on this thread, reading all of your posts and stressing out in silence, I'm finally able to post with some good news: we finally exchanged contracts today! We will complete next week.

I have spent the last two weeks stressing out and worrying that it could fall through at any moment, the last few days have been particularly anxiety ridden.

I had heard the stories from my friends about how stressful the process was, but I thought that people were exaggerating, "it can't be thaaat bad" I would think to myself. Now I know for sure it's not that bad, it's worse! hahaha.

Anyway, for the others still on this journey, I hope that this gives you a bit of hope.

I'm a FTB with no chain and it's been 5 months, I reckon that with competent solicitors it could have easily been done in less than three.

Veromartos

Mantis_Toboggan 

Congratulations! I hope to be there soon.
I know how stressful this is.
The buyers at the bottom of the chain are waiting on ISA funds to be drawn down. (For they deposit)
All of the rest is ready. We have been waiting for this for over a week now. 
Communication with them is not great😖
And my vendor seems a bit annoyed for the delay. We were expecting to complete on 25th October but is not happening..

Faodail

@Mantis_Toboggan Congratulations! 🥳 It’s very nerve wracking Isn’t it! 

@Veromartos - Ahhh No! Do you have a new date being talked about? 

Mantis_Toboggan

Veromartos said:

Mantis_Toboggan 

Congratulations! I hope to be there soon.
I know how stressful this is.
The buyers at the bottom of the chain are waiting on ISA funds to be drawn down. (For they deposit)
All of the rest is ready. We have been waiting for this for over a week now. 
Communication with them is not great😖
And my vendor seems a bit annoyed for the delay. We were expecting to complete on 25th October but is not happening..

I know! It's the silence that really killed me, a simple email letting me know what's going on, even if the update is that there is no update, is much better than days of radio silence.

But hang in there! it will all be worth it.

Veromartos

Faodail 

@Veromartos - Ahhh No! Do you have a new date being talked about? 

They are talking about complete on the 1st Nov.
But without exchange and lack of communication with the bottom of the chain....I do not know if this is achievable.

novelle

Newdrake88 said:

Update from me, well my vendor new solicitor seems to have done more in 2 weeks than the old one did in 7! Took them 2 days to send the contract pack, 17 days for the old solicitor! If only they had used them from the start we might have had a chance at the stamp duty deadline 😂

I asked for completion on 22nd they emailed back and said 29th is more likely so as they have suggested that it gives me more confidence it will be achieved 

@h@HopeAndDriftWood I really hope you get some good news! Will first week of November work for your chain? 

so solicitors do reply emails ! 

Mine never.

fingers crossed everything goes nice n smoothly 

novelle

nicolanickynic said:

nrowlands95 said:

Hey guys, we’re hopefully nearing the end of our process so thought I’d share our timelines so far 

27/07/20 - Offer accepted 
30/07/20 - Mortgage application submitted
02/08/20 - Search’s requested & returned on the same day
04/08/20 - Memorandum of sale received 
04/08/20 - Our solicitor requested the draft of contract 
17/08/20 - Valuation completed & mortgage offer received 
19/10/20 - Draft of contract, TR1 and a number of other docs sent to us to sign 

Our solicitor is pushing for a simultaneous exchange and completion so we’re just waiting on a date before closing our HTB ISAs as they’ve said they’ll give us 14 days notice. 

As you can see…radio silence for over a month so our nerves were going but all
seems to be moving now so hopefully gives some of you hope ☺️ the stamp duty deadline really did delay things for us, the house has been empty since August!! 

Hopefully you'll be there soon!

Same, got my mortgage offer Sept 9th.
Solicitor confirm all searches returned Sept 14th.  Stamp duty hols delayed my case also.  

Now seems to be moving. Got my draft contract on Friday.  Just waiting for a couple of minor enquiries to be answered.  

Fingers crossed for completion within the next 4 weeks.

Good luck to you

so you can sign a contract BEFORE receiving all answers from enquiries ?