The NEW waiting to exchange thread...

MrsC1234

charlotteo1988 said:

Last day of the week. I can’t take anymore. I really hoping for some news today. Good luck everyone. 

Me too! 🤞 good luck x

Nicbetty

Nicbetty said:

First house purchase here
AIP/DIP-October 26th
viewing - October 28th
offer made - bidding war until 3rd November
offer accepted -November 3rd
documents sent to broker for full application
valuation-November 16th
valuation agreed and full mortgage offer-November 16th
purchase pack , gift deposit forms sent -19th November 
search fees paid -19th November 

it’s all moved very quickly . No idea how long it’s going to be now.
good luck everyone 

What started off looking straight forward is now dragging .
I was ready for an exchange just after Xmas . January 4th asked solicitor to push for exchange. ( vendor is using the same solicitor )  I was told she would request one … a month later after chasing weekly and fobbed off I find out from the vendor she pulled out of purchase and had started the process of buying another property . Back to square one ! She doesn’t seem to push solicitor or chase either . I’m frustrated as I’ve put my life on hold for the last 4 years due to a redundancy and pandemic . I was hoping I would be in by January and now it’s looking  like it’s April or right up until may when my mortgage offer runs out ! 

SuseOrm

Finally after 2 years of trying i get to join this thread. 

Mortgage offer arrived yesterday,  searches went in yesterday.  

Hoping for the first week in April 

faylou

Nicbetty said:

Nicbetty said:

First house purchase here
AIP/DIP-October 26th
viewing - October 28th
offer made - bidding war until 3rd November
offer accepted -November 3rd
documents sent to broker for full application
valuation-November 16th
valuation agreed and full mortgage offer-November 16th
purchase pack , gift deposit forms sent -19th November 
search fees paid -19th November 

it’s all moved very quickly . No idea how long it’s going to be now.
good luck everyone 

What started off looking straight forward is now dragging .
I was ready for an exchange just after Xmas . January 4th asked solicitor to push for exchange. ( vendor is using the same solicitor )  I was told she would request one … a month later after chasing weekly and fobbed off I find out from the vendor she pulled out of purchase and had started the process of buying another property . Back to square one ! She doesn’t seem to push solicitor or chase either . I’m frustrated as I’ve put my life on hold for the last 4 years due to a redundancy and pandemic . I was hoping I would be in by January and now it’s looking  like it’s April or right up until may when my mortgage offer runs out ! 

Your time line is much like ours but our seller now definitely going into rented which has given me hope things are now back on track . 

Our only hurdle now is seller’s incredibly slow and seemingly uncontactable solicitor. 

Stick with it . Keep pushing. All we can do. I have found this thread helpful if only to know we are not alone !

No41edwardianhouse

Caz_Mnaz said:

My purchase doesn't have a completion certificate for their extension so they're getting indemnity insurance as we're as satisfied we can be that it's structurally sound  

How did this go? The property we are purchasing doesn’t have a certificate either and therefore we are worried the mortgage lender won’t accept indemnity insurance so or they will ask for it to be re-valued! 

faylou

charlotteo1988 said:

Last day of the week. I can’t take anymore. I really hoping for some news today. Good luck everyone. 

I really hope it happens for you - I’ve been following your posts. The resilience you need for this whole process is incredible . Good luck today 🤞🏽

MrsC1234

No41edwardianhouse said:

Caz_Mnaz said:

My purchase doesn't have a completion certificate for their extension so they're getting indemnity insurance as we're as satisfied we can be that it's structurally sound  

How did this go? The property we are purchasing doesn’t have a certificate either and therefore we are worried the mortgage lender won’t accept indemnity insurance so or they will ask for it to be re-valued! 

We are waiting to see if our mortgage lender accepts indemnity insurance too... hopefully today but know i am pushing it. Please give me a good news story 🙏  x

No41edwardianhouse

MrsC1234 said:

No41edwardianhouse said:

Caz_Mnaz said:

My purchase doesn't have a completion certificate for their extension so they're getting indemnity insurance as we're as satisfied we can be that it's structurally sound  

How did this go? The property we are purchasing doesn’t have a certificate either and therefore we are worried the mortgage lender won’t accept indemnity insurance so or they will ask for it to be re-valued! 

We are waiting to see if our mortgage lender accepts indemnity insurance too... hopefully today but know i am pushing it. Please give me a good news story 🙏  x

I’ve just discovered that you should be able to check here…use the drop down box at the bottom of the page to select your area and then lender. Then scroll through to find the info…

https://lendershandbook.ukfinance.org.uk/lenders-handbook/

Our lender will but will refer to the valuation to see if it affects things. Presuming this refers to the fact that if there was an extra bedroom put in without competition certificate it would have an impact on value. In our case it was an extension of a side return increasing size of kitchen completed in 2008 so I hope it will have little impact on value 

MickeyFTB

MrsC1234 said:

charlotteo1988 said:

Last day of the week. I can’t take anymore. I really hoping for some news today. Good luck everyone. 

Me too! 🤞 good luck x

Same! Although clearly expecting miracles.. my solicitor is the least proactive person I’ve ever had to deal with so we’ve just sat here hoping for a call/email and continually chasing to get no details.

greenleaves70

Here to vent. Our sale has fallen through twice already. We've already moved out. First buyer decided the area wasn't for her at the last minute, the other who tried to chip us down on the price and then dropped out. Which is par for the course. 

Third buyer is another cash buyer - accepted his offer because he said he wanted to move quickly. Turned down a higher offer that came in a day after we'd accepted it.

Now, he's prevaricating. We're ready and waiting to exchange. This morning his solicitor finally responded to ours saying that they're waiting for signed documents. The buyer hasn't committed to a revised date for exchange/completion, which is all we're asking for.  We're now 3 weeks past the date he originally proposed. 

My estate agent keeps making pacifying noises at me, which doesn't help. I'm willing to believe that the buyer has been ill/has a baby/has work and it's difficult to get the bank. But why would you keep someone in suspense for no reason?

Hoping the real explanation is that he just wants to exchange/complete in March because it suits him. Meanwhile we're stuck paying two mortgages. I don't even care anymore, just want the torture to end.