The NEW waiting to exchange thread...

charlotteo1988

babyblade41 said:

charlotteo1988 said:

MickeyFTB said:

charlotteo1988 said:

Not looking good for us. Apparently our buyers only sent the contract back last night so won’t be with the solicitor today. We are now asking if the solicitor would be happy to sign the contract on behalf of their client. 

I can’t see us exchanging today. 🙄 going to miss my sons schooling deadline for proof of change of address.

Not sure I’d be wanting to exchange on a contract that isn’t signed by the sellers and I’d be surprised if a solicitor is willing to do this as surely it makes the whole thing void and they could pull the plug anyway?

It’s the solicitor who suggested it so I’d like to hope she knows what she is talking about. 

Anyways PPL aren’t returning emails or calls again so can’t get hold of her anyways.

so no exchange today. 😔 I hope it’s tomorrow because I currently have no voice through stress of getting something set in stone. 

just had a quick read about this and if their client gives full written authority then it is possible for a solicitor to sign on behalf of their client .

TBH though probably quicker doing it the normal way and not something I would do especially as all my docs are sent by hand to my solicitor so it wouldn't be a thing 

Yes, they have posted them to their solicitors but not turned up yet so my solicitor said if they want to exchange today she is happy to accept the solicitor signing on their clients behalf but no one can get hold of the solicitor so hopefully the contract will be found tomorrow so we can exchange. 

P.S I hand delivered all my documents too. I guess some people don’t think or live too far away. You’d thought they special delivery for a certain time but think they sent it first class. 

firstbuyer

charlotteo1988 said:

MickeyFTB said:

charlotteo1988 said:

Not looking good for us. Apparently our buyers only sent the contract back last night so won’t be with the solicitor today. We are now asking if the solicitor would be happy to sign the contract on behalf of their client. 

I can’t see us exchanging today. 🙄 going to miss my sons schooling deadline for proof of change of address.

Not sure I’d be wanting to exchange on a contract that isn’t signed by the sellers and I’d be surprised if a solicitor is willing to do this as surely it makes the whole thing void and they could pull the plug anyway?

It’s the solicitor who suggested it so I’d like to hope she knows what she is talking about. 

Anyways PPL aren’t returning emails or calls again so can’t get hold of her anyways.

so no exchange today. 😔 I hope it’s tomorrow because I currently have no voice through stress of getting something set in stone. 

PPL aka the bane of existence

MickeyFTB

charlotteo1988 said:

babyblade41 said:

charlotteo1988 said:

MickeyFTB said:

charlotteo1988 said:

Not looking good for us. Apparently our buyers only sent the contract back last night so won’t be with the solicitor today. We are now asking if the solicitor would be happy to sign the contract on behalf of their client. 

I can’t see us exchanging today. 🙄 going to miss my sons schooling deadline for proof of change of address.

Not sure I’d be wanting to exchange on a contract that isn’t signed by the sellers and I’d be surprised if a solicitor is willing to do this as surely it makes the whole thing void and they could pull the plug anyway?

It’s the solicitor who suggested it so I’d like to hope she knows what she is talking about. 

Anyways PPL aren’t returning emails or calls again so can’t get hold of her anyways.

so no exchange today. 😔 I hope it’s tomorrow because I currently have no voice through stress of getting something set in stone. 

just had a quick read about this and if their client gives full written authority then it is possible for a solicitor to sign on behalf of their client .

TBH though probably quicker doing it the normal way and not something I would do especially as all my docs are sent by hand to my solicitor so it wouldn't be a thing 

Yes, they have posted them to their solicitors but not turned up yet so my solicitor said if they want to exchange today she is happy to accept the solicitor signing on their clients behalf but no one can get hold of the solicitor so hopefully the contract will be found tomorrow so we can exchange. 

P.S I hand delivered all my documents too. I guess some people don’t think or live too far away. You’d thought they special delivery for a certain time but think they sent it first class. 

I know the feeling although I sent our special delivery as we lived too far away and we’re in and out of lockdowns and it took them 2 weeks for someone to log to say they had it even though I had confirmation it was signed for.

Hope they arrive soon and it’s all sorted!

Laurelii

badger09 said:

firstbuyer said:

We exchanged!

Completion set for 22nd Feb.

Seller has already said they wont be leaving the property until 3.30PM because their flight isn't until 8.30PM... is this even allowed? Surely when the money is in their solicitors account the property is mine?

I'm pretty sure 'standard' completion time in a contract is 13.00, or if not specified, then 14.00 is the default. Perhaps one of the conveyancers will confirm.

Suggest you make sure the EA tells your vendors they need to vacate by 13.00/14.00 (assuming funds have gone through). They can go to the airport early for a celebratory drink or 3! 

Yes my sol said 2pm is absolute latest legally it needs to be vacant! EA is purple bricks so they don't get involved on completion and i'll be collecting keys from the seller. So I think they feel like they have all the cards.

Hi  

I complete on friday > so no matter what we should really have the keys and property by 2pm latest ??

MzH_2021

Still no exchange again today, apparently seller's solicitors are too busy to finish their final ok with the seller according to the EA. Just waiting and praying we still complete on Monday.

firstbuyer

Laurelii said:

badger09 said:

firstbuyer said:

We exchanged!

Completion set for 22nd Feb.

Seller has already said they wont be leaving the property until 3.30PM because their flight isn't until 8.30PM... is this even allowed? Surely when the money is in their solicitors account the property is mine?

I'm pretty sure 'standard' completion time in a contract is 13.00, or if not specified, then 14.00 is the default. Perhaps one of the conveyancers will confirm.

Suggest you make sure the EA tells your vendors they need to vacate by 13.00/14.00 (assuming funds have gone through). They can go to the airport early for a celebratory drink or 3! 

Yes my sol said 2pm is absolute latest legally it needs to be vacant! EA is purple bricks so they don't get involved on completion and i'll be collecting keys from the seller. So I think they feel like they have all the cards.

Hi  

I complete on friday > so no matter what we should really have the keys and property by 2pm latest ??

This is whats in our contracts, you'll have to ask your solicitor.

charlotteo1988

MzH_2021 said:

Still no exchange again today, apparently seller's solicitors are too busy to finish their final ok with the seller according to the EA. Just waiting and praying we still complete on Monday.

Same for us too. Our buyers solicitor has vanished. She could give Houdini a run for his money. 

Fingers crossed we all get some answers and actual exchanges tomorrow. 

babyblade41

As much as I'd hope , exchange will be realistically next week . This is going on the snail pace of the last couple of months 

MzH_2021

charlotteo1988 said:

MzH_2021 said:

Still no exchange again today, apparently seller's solicitors are too busy to finish their final ok with the seller according to the EA. Just waiting and praying we still complete on Monday.

Same for us too. Our buyers solicitor has vanished. She could give Houdini a run for his money. 

Fingers crossed we all get some answers and actual exchanges tomorrow. 

Crossing every for both of us!

Effusive

Loges1966 said:

Hi just wondering if anyone went with Santander and had a second credit check prior completion 

So I'm finally in a position to respond to this one. And hopefully it'll answer the question for others wondering the same.

That said, I'm speaking from my recent experience having just completed on my Barratt Homes new build bachelor pad/man cave Friday 11 February, so please do not take it as gospel.

I reserved my plot mid-September and, after a couple of hard credit searches, received my mortgage offer with TSB mid-October. At the time I still had approximately £5000 remaining on a loan, coincidently with TSB, and I cannot remember if my mortgage offer was on condition of paying off said load with the impending sale of my house.

I digress. Although my credit score across all credit reference agencies was, for the most part, flawless, my word did I worry!

Either way, I still reined in the spending just in case wage slips were required once again, in the time between exchange and completion, which was two weeks; neither did I take out any credit, including 0% finance or hire purchase - not that I had any in the first place.

So, to conclude, no further credit checks were done whatsoever after 10 October 2021 until my completion 11 February 2022.

And so, for now, my short-lived excitement has been parked as it's back to the boring grown up stuff like sorting out the council tax, energy, water, etc.

And then there's beds to assemble... 

PS. the best of luck to everyone exchanging and completing - whenever that may be.