The NEW waiting to exchange thread...

charlotteo1988

Good news here too. Exchanging on Monday as well to complete on Friday. All enquiries and contracts etc signed and everyone is happy. 

Will be 7 months from selling our property to moving to our new one. After 5 months of not having a chain complete we pulled out. 

Offer on this property was accepted 17th Dec so completing in 8 weeks - 6 weeks if you exclude the 2 weeks off for Christmas. My solicitors and the sellers have been brilliant at getting back to me and doing everything quick time. I’m also going to meet my sons school deadline for proof of change of address with the exchange of contracts so it’s all working out really well. 

I will confirm if we definitely exchange Monday. Hopefully all will be fine but you just never know. 

MickeyFTB

Hi everyone! Update from us, we have agreement up the chain to complete on 25th February! We’re using easy storage to help with the move and I have postponed the date so many times instead of cancelling and turns out I’d rearranged for the 25th which is a pleasant coincidence! 

Our mortgage offer expired at end of January but the lender agreed to extend and gave a new offer - thought we’d have to resign deeds etc but turns out we can use the previous submissions.

Solicitor sending details over for us to transfer the deposit on Monday although they’ve asked us to resubmit statement s (again!)

Looking to exchange after this and give us just shy of two weeks to arrange everything. I’ll be so happy when the exchange happens and the date is concrete!

jst1986

Was hoping to exchange today but alas not to be. Fingers crossed for Monday to still complete on Friday. 

ccbrowning

Finally exchanged! Completion is next Wednesday. 

1. 09 Nov 2021: Offer on my home accepted 
2. 19 Nov 2021: Finally found a house and got a mortgage DIP
3. 26 Nov 2021: Reservation form for new house received. 18 Feb 2022 exchange and completion date proposed.
4. 02 Dec 2021: Paid reservation fee and signed form - proposed date is now 28 Feb.
5. 03 Dec 2021: Mortgage application going in via my broker
6. 16 Dec 2021: Valuations scheduled for both my property and the one I'm buying - next Tuesday
7. 21 Dec 2021: Both valuations carried out. Onward purchase valued as expected and mortgage offer received.
8. 04 Jan 2022:  All searches done except local authority, expected next week
9. 11 Feb 2022: Exchanged contracts 

charlotteo1988

Might of counting my chickens early 🙈 waiting on the mortgage redemption statement. Not sure how long NatWest will take to send it over to my solicitor. If she gets it today then we maybe able to exchange. If not then maybe tomorrow or whenever the statement arrives. 

MickeyFTB

charlotteo1988 said:

Might of counting my chickens early 🙈 waiting on the mortgage redemption statement. Not sure how long NatWest will take to send it over to my solicitor. If she gets it today then we maybe able to exchange. If not then maybe tomorrow or whenever the statement arrives. 

Seems to be one hurdle after  another eh! We finally got agreement to exchange and now my solicitor is asking me for even more documentation on our deposit - I’m sure we’ve provided much of this already but why wait until now to ask instead of the whole of last week I was chasing!?

Has anyone with halifax/Lloyds been able to download a statement for source of funds from a savings account? Can’t seem to find it in the app! 

MzH_2021

Fingers crossed exchanging today, was finally able to confirm bank details for solicitors and send the money across this morning.

firstbuyer

Exchange doesn't look likely for today either.. and I'm now stressing about when we're actually going to bloody complete!

Sellers solicitors cant open their redemption statement and it's the only thinng holding the whole process up.

If we do not complete on the 22nd Feb there will be a 4 week delay due to my H2B loan and valuation running out.

Another reminder if the house your buying is marketed by Purple Bricks... RUN!!!!!!!!!

Mahsroh

charlotteo1988 said:

Might of counting my chickens early 🙈 waiting on the mortgage redemption statement. Not sure how long NatWest will take to send it over to my solicitor. If she gets it today then we maybe able to exchange. If not then maybe tomorrow or whenever the statement arrives. 

FYI.... I had a text from NatWest when we were waiting to exchange as follows:

"Your solicitor has requested a mortgage redemption statement for your Mortgage account 8*******; this has been sent to them today. Please contact your solicitors for any further information".

I also know that my solicitor couldn't possibly have requested it until the day before I had that text at the earliest. So fingers crossed it will be imminent.

firstbuyer

Mahsroh said:

charlotteo1988 said:

Might of counting my chickens early 🙈 waiting on the mortgage redemption statement. Not sure how long NatWest will take to send it over to my solicitor. If she gets it today then we maybe able to exchange. If not then maybe tomorrow or whenever the statement arrives. 

FYI.... I had a text from NatWest when we were waiting to exchange as follows:

"Your solicitor has requested a mortgage redemption statement for your Mortgage account 8*******; this has been sent to them today. Please contact your solicitors for any further information".

I also know that my solicitor couldn't possibly have requested it until the day before I had that text at the earliest. So fingers crossed it will be imminent.

You'll also get a text when the funds have been requested