The NEW waiting to exchange thread...

amylou1107

Sellers solicitors have received replies to enquires from seller.
Just waiting on these to be received by our solicitor. Checked this morning and they've not had them through yet.
Once enquires are all satisfied we can sign papers and get exchange sorted.
We have to do this by end of next week in order to complete by the end of Feb. 
(Really hoping to move house before new baby arrives in March!) If we dont move in Feb will all have to wait until April.
Keep fingers crossed for us!!! 

Any tips for getting things moving quick?! 

firstbuyer

dunclane1980 said:

Our solicitors enquiries raised an request for a building regs certificate on an extension which was built many years ago, before the last two owners of the property.  We've agreed to go halves with the vendor on an indemnity policy which our solicitor said they need to get agreement from Natwest for.

Does anyone know how long this usually takes and I assume it's normally ok'd by them? 

Following as our sol only just received sellers PIF the other day and has now raised another set of enquiries. Most are fine and apparently the sellers sols have copies of the docs requested.

There were works carried out on the property without building regs and my solicitor is requesting an indemnity policy. The seller has said they werent given one when they purchased so I have a hunch they're not going to pay for one and we will end up stumping the bill as we really want the house.

Any idea of cost? We wanted to exchange this week but I dont think that's going to happen now.

charlotteo1988

dunclane1980 said:

charlotteo1988 said:

dunclane1980 said:

Our solicitors enquiries raised an request for a building regs certificate on an extension which was built many years ago, before the last two owners of the property.  We've agreed to go halves with the vendor on an indemnity policy which our solicitor said they need to get agreement from Natwest for.

Does anyone know how long this usually takes and I assume it's normally ok'd by them? 

how many years ago are we talking? We got a house who has a extension that planning permission was granted in 1978 and my solicitors said she’s not worried about that and unlikely they will have paperwork for it? And building regs weren’t introduced then.

We think it's pre 1982 as the local planning portal doesn't have record of it.

Then there defo won’t be building regulation so I don’t believe you need to pay for indemnity insurance. 

charlotteo1988

amylou1107 said:

Sellers solicitors have received replies to enquires from seller.
Just waiting on these to be received by our solicitor. Checked this morning and they've not had them through yet.
Once enquires are all satisfied we can sign papers and get exchange sorted.
We have to do this by end of next week in order to complete by the end of Feb. 
(Really hoping to move house before new baby arrives in March!) If we dont move in Feb will all have to wait until April.
Keep fingers crossed for us!!! 

Any tips for getting things moving quick?! 

Do you know how long it took your solicitor to come up with the enquiries to sellers solicitors? 

Ours received the draft contracts last Tuesday so not sure how long I should leave it before I ask when the enquiries will be sent to the sellers solicitors 

dunclane1980

firstbuyer said:

dunclane1980 said:

Our solicitors enquiries raised an request for a building regs certificate on an extension which was built many years ago, before the last two owners of the property.  We've agreed to go halves with the vendor on an indemnity policy which our solicitor said they need to get agreement from Natwest for.

Does anyone know how long this usually takes and I assume it's normally ok'd by them? 

Following as our sol only just received sellers PIF the other day and has now raised another set of enquiries. Most are fine and apparently the sellers sols have copies of the docs requested.

There were works carried out on the property without building regs and my solicitor is requesting an indemnity policy. The seller has said they werent given one when they purchased so I have a hunch they're not going to pay for one and we will end up stumping the bill as we really want the house.

Any idea of cost? We wanted to exchange this week but I dont think that's going to happen now.

Our quote was for 3 indemnities in one policy:-

1. Building Regs Indemnity
2. Fensa Indemnity for 2 windows
3. Covenant Indemnity

All that came to £330.00 inc VAT.

amylou1107

charlotteo1988 said:

amylou1107 said:

Sellers solicitors have received replies to enquires from seller.
Just waiting on these to be received by our solicitor. Checked this morning and they've not had them through yet.
Once enquires are all satisfied we can sign papers and get exchange sorted.
We have to do this by end of next week in order to complete by the end of Feb. 
(Really hoping to move house before new baby arrives in March!) If we dont move in Feb will all have to wait until April.
Keep fingers crossed for us!!! 

Any tips for getting things moving quick?! 

Do you know how long it took your solicitor to come up with the enquiries to sellers solicitors? 

Ours received the draft contracts last Tuesday so not sure how long I should leave it before I ask when the enquiries will be sent to the sellers solicitors 

So our solicitor received everything they needed from the sellers solicitor to do searches and then raise enquires on 22nd Dec. 
Last update i had was on 27th Jan that sellers solicitor has received replies from seller on my solicitors enquires.
My solicitor is still waiting to receive these but i'm hoping they will get them this week.

Hope that helps give an idea of timings. I dont know if thats quick/slow/average though.

amylou1107

dunclane1980 said:

firstbuyer said:

dunclane1980 said:

Our solicitors enquiries raised an request for a building regs certificate on an extension which was built many years ago, before the last two owners of the property.  We've agreed to go halves with the vendor on an indemnity policy which our solicitor said they need to get agreement from Natwest for.

Does anyone know how long this usually takes and I assume it's normally ok'd by them? 

Following as our sol only just received sellers PIF the other day and has now raised another set of enquiries. Most are fine and apparently the sellers sols have copies of the docs requested.

There were works carried out on the property without building regs and my solicitor is requesting an indemnity policy. The seller has said they werent given one when they purchased so I have a hunch they're not going to pay for one and we will end up stumping the bill as we really want the house.

Any idea of cost? We wanted to exchange this week but I dont think that's going to happen now.

Our quote was for 3 indemnities in one policy:-

1. Building Regs Indemnity
2. Fensa Indemnity for 2 windows
3. Covenant Indemnity

All that came to £330.00 inc VAT.

@dunclane1980 what did you need the covenant indemnity for?

I only ask because there are a couple of restrictive covenants on the house we are buying (one about the garage remaining a garage) and we were hoping to convert it in future but wondered how this would impact  any future sale.

Thanks

dunclane1980

amylou1107 said:

dunclane1980 said:

firstbuyer said:

dunclane1980 said:

Our solicitors enquiries raised an request for a building regs certificate on an extension which was built many years ago, before the last two owners of the property.  We've agreed to go halves with the vendor on an indemnity policy which our solicitor said they need to get agreement from Natwest for.

Does anyone know how long this usually takes and I assume it's normally ok'd by them? 

Following as our sol only just received sellers PIF the other day and has now raised another set of enquiries. Most are fine and apparently the sellers sols have copies of the docs requested.

There were works carried out on the property without building regs and my solicitor is requesting an indemnity policy. The seller has said they werent given one when they purchased so I have a hunch they're not going to pay for one and we will end up stumping the bill as we really want the house.

Any idea of cost? We wanted to exchange this week but I dont think that's going to happen now.

Our quote was for 3 indemnities in one policy:-

1. Building Regs Indemnity
2. Fensa Indemnity for 2 windows
3. Covenant Indemnity

All that came to £330.00 inc VAT.

@dunclane1980 what did you need the covenant indemnity for?

I only ask because there are a couple of restrictive covenants on the house we are buying (one about the garage remaining a garage) and we were hoping to convert it in future but wondered how this would impact  any future sale.

Thanks

I'll be honest I don't know, our solicitor hasn't provided us that information yet.

Effusive

Exchanged. ✅

Friday, 28th January 2022.

Home tour tomorrow.

Anticipated completion Friday, 11th February 2022.

Excited? Me? Much! 😆

Here's to me, myself and I in my mancave. 🥂

charlotteo1988

Draft contracts were sent to my solicitor last Tuesday. She hasn’t sent anything to me yet like TA10 TA6. With the house we pulled out on she sent all that along with questions she was sending to the sellers solicitors. I’m wondering how long I should wait before asking when the questions will be sent?