The NEW waiting to exchange thread...

hockeylover40

Spoke to our solicitor this morning and he was confident we should exchange today. Have heard nothing since. As it's gone 5pm do we assume it's not happening today or is there still a chance? I hate this waiting 

Hebblethwaite

Supposed to exchange today

Did not exchange today 

Trying again on Friday...

justcat01

Hebblethwaite said:

Supposed to exchange today

Did not exchange today 

Trying again on Friday...

How come you aren't trying tomorrow? Do you know why you couldn't do it today?

Hebblethwaite

justcat01 said:

Hebblethwaite said:

Supposed to exchange today

Did not exchange today 

Trying again on Friday...

How come you aren't trying tomorrow? Do you know why you couldn't do it today?

The vendor's solicitor is apparently out of the office until Friday. I hope it does get sorted then as I'm on nights next week and really don't want to be dealing with calls about exchange while I'm trying to sleep.

T4taylor

Still here, still waiting for exchange and sleepless nights have kicked in. We are a chain of 5 and the completion date agreed by all parties is 8th December. Our mortgage offer expires on the 10th yet hold ups with the cyber attack and then yesterday an outstanding enquiry over a kitchen spotlight of all things means we still haven’t exchanged. I’ve heard of simultaneous exchanges and completions but is this possible when mortgage funds need to be drawn down and there such a long chain?! 

sheffield_soldier

My Progress:

FTB - Buying a house being used as part ex for a new build. Newbuild completion in December.

14/10/2021 - Offer Submitted

15/10/2021 - Offer Accepted

18/10/2021 - Solicitor Instructed

19/10/2021 - Mortgage Application Submitted (Nationwide)

26/10/2021 - Valuation completed (Approved)

02/11/2021 - Mortgage Offered Received

04/11/2021 - Searches Complete

15/11/2021 - Solicitor confirm they are still waiting for some replies from sellers solicitor and mine interpretive report

26/11/2021 - Vendor exchanged on their new build -  Expected completion can hopefully happen on 17th.
.... Still waiting for update on responses

I appreciate my timeline looks really good in comparison to some stories but the waiting is so frustrating. Just need to get the couple of queries over the line then hopefully complete in a couple of weeks.

MsACam

T4taylor said:

Still here, still waiting for exchange and sleepless nights have kicked in. We are a chain of 5 and the completion date agreed by all parties is 8th December. Our mortgage offer expires on the 10th yet hold ups with the cyber attack and then yesterday an outstanding enquiry over a kitchen spotlight of all things means we still haven’t exchanged. I’ve heard of simultaneous exchanges and completions but is this possible when mortgage funds need to be drawn down and there such a long chain?! 

In practice - no - it isn’t. Technically you could draw down on mortgage before you’ve exchanged but then you risk the money arriving too early with your solicitor and they then have to send it back to the bank (and you then have to drawdown again; it usually doesn’t take as long as first drawdown request but you can’t guarantee). At least that’s the advice I’ve been given this morning by my solicitor on exact question. Good luck. 

nicolanickynic

sheffield_soldier said:

My Progress:

FTB - Buying a house being used as part ex for a new build. Newbuild completion in December.

14/10/2021 - Offer Submitted

15/10/2021 - Offer Accepted

18/10/2021 - Solicitor Instructed

19/10/2021 - Mortgage Application Submitted (Nationwide)

26/10/2021 - Valuation completed (Approved)

02/11/2021 - Mortgage Offered Received

04/11/2021 - Searches Complete

15/11/2021 - Solicitor confirm they are still waiting for some replies from sellers solicitor and mine interpretive report

26/11/2021 - Vendor exchanged on their new build -  Expected completion can hopefully happen on 17th.
.... Still waiting for update on responses

I appreciate my timeline looks really good in comparison to some stories but the waiting is so frustrating. Just need to get the couple of queries over the line then hopefully complete in a couple of weeks.

If you are able to complete on the 17th, your timeline is magical lol.  I thought mine was good...

17th Aug - Viewed New build
23rd Aug - Reserved the flat
24th Aug - Mtg application submitted
8th Sept - Mtg offer received
20th Sept - Searches complete
15th Oct - Enquiries sent (not sure why this took my solicitor a month)
29th Oct - All satisfactory responses received
19th Nov - Exchanged
3rd Dec (tomorrow)- Completion!!!

3.5 months is pretty good going I think, compared to some others. Had a few minor frustrating preventable mishaps, but pretty smooth otherwise.

If you go from offer to completion in 2 months, you are the timeline champion lol

Good luck🙂

sheffield_soldier

nicolanickynic said:

sheffield_soldier said:

My Progress:

FTB - Buying a house being used as part ex for a new build. Newbuild completion in December.

14/10/2021 - Offer Submitted

15/10/2021 - Offer Accepted

18/10/2021 - Solicitor Instructed

19/10/2021 - Mortgage Application Submitted (Nationwide)

26/10/2021 - Valuation completed (Approved)

02/11/2021 - Mortgage Offered Received

04/11/2021 - Searches Complete

15/11/2021 - Solicitor confirm they are still waiting for some replies from sellers solicitor and mine interpretive report

26/11/2021 - Vendor exchanged on their new build -  Expected completion can hopefully happen on 17th.
.... Still waiting for update on responses

I appreciate my timeline looks really good in comparison to some stories but the waiting is so frustrating. Just need to get the couple of queries over the line then hopefully complete in a couple of weeks.

If you are able to complete on the 17th, your timeline is magical lol.  I thought mine was good...

17th Aug - Viewed New build
23rd Aug - Reserved the flat
24th Aug - Mtg application submitted
8th Sept - Mtg offer received
20th Sept - Searches complete
15th Oct - Enquiries sent (not sure why this took my solicitor a month)
29th Oct - All satisfactory responses received
19th Nov - Exchanged
3rd Dec (tomorrow)- Completion!!!

3.5 months is pretty good going I think, compared to some others. Had a few minor frustrating preventable mishaps, but pretty smooth otherwise.

If you go from offer to completion in 2 months, you are the timeline champion lol

Good luck🙂

It still feels like about 6 months though lol. It's only when I look at the actual dates I realise it's going pretty well.

justcat01

sheffield_soldier said:

nicolanickynic said:

sheffield_soldier said:

My Progress:

FTB - Buying a house being used as part ex for a new build. Newbuild completion in December.

14/10/2021 - Offer Submitted

15/10/2021 - Offer Accepted

18/10/2021 - Solicitor Instructed

19/10/2021 - Mortgage Application Submitted (Nationwide)

26/10/2021 - Valuation completed (Approved)

02/11/2021 - Mortgage Offered Received

04/11/2021 - Searches Complete

15/11/2021 - Solicitor confirm they are still waiting for some replies from sellers solicitor and mine interpretive report

26/11/2021 - Vendor exchanged on their new build -  Expected completion can hopefully happen on 17th.
.... Still waiting for update on responses

I appreciate my timeline looks really good in comparison to some stories but the waiting is so frustrating. Just need to get the couple of queries over the line then hopefully complete in a couple of weeks.

If you are able to complete on the 17th, your timeline is magical lol.  I thought mine was good...

17th Aug - Viewed New build
23rd Aug - Reserved the flat
24th Aug - Mtg application submitted
8th Sept - Mtg offer received
20th Sept - Searches complete
15th Oct - Enquiries sent (not sure why this took my solicitor a month)
29th Oct - All satisfactory responses received
19th Nov - Exchanged
3rd Dec (tomorrow)- Completion!!!

3.5 months is pretty good going I think, compared to some others. Had a few minor frustrating preventable mishaps, but pretty smooth otherwise.

If you go from offer to completion in 2 months, you are the timeline champion lol

Good luck🙂

It still feels like about 6 months though lol. It's only when I look at the actual dates I realise it's going pretty well.

I know how you feel, we had the offer accepted on our mid September. We're so close to the end but it feels so far away and like it has taken many more months than it has!
All I can do is try to stay positive and hope we can get in before Christmas!