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The NEW waiting to exchange thread...

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Comments

  • faylou
    faylou Posts: 36 Forumite
    10 Posts Name Dropper
    Well - I’ve been super confident through the whole process of looking and offering that I would have no issues with the mortgage and I’ve just been declined! Very angry at my broker who didn’t even want my credit report prior to placing my offer absolutely assuring me there will not be a problem. Let’s hope there isn’t a bigger issue going on here that I don’t see. 
    Oh no ! Have you had a look at your credit reports ?
  • metalloz said:
    I was meant to exchange today and my vendors solicitor & estate agent were not responding to my solicitor. No idea what's going on but now I will spend the weekend worrying  :'(
    I actually always relax over the weekend. Nothing can happen over the weekend, so I can just let it be. It's during the week when things should be happening but aren't that I get fed up and stressed.
    Save £12k in 2025 #33 £2531.77/£5000 (If this carries on I might have to up my target!)
    April take lunch to work goal - 3 of 12
  • SuseOrm said:
    Apparently my inquiries are going in on Monday I guess it’s how long is a piece of string as to how long they take ? 
    I really wanted to be in by mid April was hoping to spend Easter cleaning it up and doing a bit of painting that’s starting to feel optimistic.  
    I'll be honest, I really think moved by Easter is very optimistic. This may be possible if everything else is sorted, mortgage ready to go, searches back, everyone else in the chain ready to go, enquiries easy to answer and done so promptly and in a satisfactory manner by the seller. However, that's a lot that needs to go exactly right.

    Good luck and may your enquiries be swift. ;)
    Save £12k in 2025 #33 £2531.77/£5000 (If this carries on I might have to up my target!)
    April take lunch to work goal - 3 of 12
  • T9OTE said:
    Finally after a week of fighting with solicitor to get all ready we sent deposit today hopefully exchange tommorow ,process was a nightmare as our solicitor lost half of our documents .
    Ohh fingers crossed for you! We've had a bit of a nightmare trying to send our deposit over, so need to try again first thing when the bank open tomorrow. I'm not confident we will actually get to exchange tomorrow now.. but we live in hope.
    Oh no! Any news?
    We managed to get our deposit over.  But exchange didn't happen so trying again on Monday. Fingers crossed! 
    Mortgage balance April 2022 - £235,000
    Mortgage balance July 2023 -£229,616
    Mortgage balance July 2022
    £222,825


  • metalloz
    metalloz Posts: 19 Forumite
    10 Posts First Anniversary
    edited 20 March 2022 at 3:52PM
    metalloz said:
    I was meant to exchange today and my vendors solicitor & estate agent were not responding to my solicitor. No idea what's going on but now I will spend the weekend worrying  :'(
    I actually always relax over the weekend. Nothing can happen over the weekend, so I can just let it be. It's during the week when things should be happening but aren't that I get fed up and stressed.
    The estate agent called me yesterday to explain there had been a issue with some documentation with the last vendor in the chain for probate. Should be exchanging on Monday/Tue. Fingers crossed!
  • metalloz said:
    metalloz said:
    I was meant to exchange today and my vendors solicitor & estate agent were not responding to my solicitor. No idea what's going on but now I will spend the weekend worrying  :'(
    I actually always relax over the weekend. Nothing can happen over the weekend, so I can just let it be. It's during the week when things should be happening but aren't that I get fed up and stressed.
    The estate agent called me yesterday to explain there had been a issue with some documentation with the last vendor in the chain for probate. Should be exchanging on Monday/Tue. Fingers crossed!
    Similar thing here. One more document needed for exchange and completion. Aiming for the keys on Friday 🤞
  • Giggidy
    Giggidy Posts: 256 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Tentatively joining in, we had an offer accepted on Friday on a fantastic home after searching since November when ours went under offer (end of chain landlord). I viewed it on my own and was so excited for my partner and our kids to see it, so we arranged a second viewing for yesterday, which would be done with the vendors.

    The reception from them was very frosty to say the least. The vendor stood a full 10 seconds staring at us through the glass door and we had to convince him were the buyers, he thought he was selling to another couple. Doh! He reluctantly let us in and we left after an awkward 10 minutes quickly looking round. This really put a dampener on the experience, he also said they put an offer on in a property and are waiting to hear back. The estate agent told me before the first viewing they had an offer already accepted and it was end of chain. Their previous house sale fell through recently because they took a while to find somewhere and the buyer pulled out, so this is concerning.

    So as it stands, we don't know how things will proceed. After the vendors' reaction, I am not sure if they would still be committed to selling to us (my partner thinks I am being silly, no-one would be that irritational, I beg to differ). 

    Good luck to everyone on your sales / purchases!
  • Nicbetty
    Nicbetty Posts: 61 Forumite
    Ninth Anniversary 10 Posts Name Dropper Combo Breaker
    The saga drags on still ….. I was told after 18th March  dates could be discussed for exchange and completion . Email on Saturday to say there’s a few enquiries on my vendors purchase …… my dreams of being in by mid April are shattered . Such a stressful process 
  • We are currently selling and have no chain as we are moving into my Wife's Nans house which we plan to buy once probate comes back,  we knew we could move in beforehand and buy once living there.

    About 8 weeks into the process now of selling ours, the buyer is doing a BTL on their current home with a 'specialist' lender so its taking a while, took nearly 5 weeks to get a valuation instructed. Valuation came back £10k lower than the offer but buyer will make the difference up according to the EA.

    I would guess we have 4-6 weeks left before completion, currently waiting for the searches to come back and their solicitor to raise queries. 

    Our solicitor needs to get the management pack for ours but has advised we wait on this until they raise queries.
  • Looking good for exchange today .... email from our solicitor confirming this morning, waiting for reply from sellers now. 
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