The NEW waiting to exchange thread...

KeepOnKnitting

KeepOnKnitting said:

I've been ready to exchange on my new place for weeks, but my buyer is just messing about. Currently waiting for their mortgage company to agree ?something? 

It seems that the mortgage company had to re-underwrite as they had taken out a loan. Honestly, I have never known anything like it in my life.

Taking bets on whether I exchange before the inevitable heat death of the universe. Currently offering very long odds.

Mkk298

Offer accepted 17th Feb, solicitors instructed same day. Memorandum of sale received 21st Feb. Mortgage offer received on the 22nd March, signed the mortgage deed and sent it back to the solicitors. Survey carried out on the 15th March. 

However last I heard our solicitors are still waiting to receive the draft contract pack from the sellers.. The estate agent assured me this was being sent out by the end of the week ending 25th March but I’ve heard nothing since. The seller’s vendor has also only just sent out their contract pack. I thought things were moving quickly with the mortgage and survey etc but turns out we’re 6 weeks in and barely started! Very nervous as my last purchase fell through at around 11 weeks.. Just don’t want a repeat of that. 

Nicbetty

Solicitor  still saying report not back even after me ringing the coal Authority and  them telling me no backlog and nothing pending in work lists . Conveyancers really do tell untruths ! 

Lwizzle

@Nicbetty so frustrating isn't it! Hope it gets resolved for you soon 

atarisrocks

After the vendors pulling our week of exchange in November we had a offer accepted on a new place and now i get nervous every email we get from the agents as I have convinced myself it will be the vendors pulling out.

kerpoo

faylou said:

We’ve exchanged ! 🎉🎉🎉
But wait for it - completion tomorrow !!!!
luckily i have found removals at the 11th hour ! 

Stay strong everybody going through
what we have gone through for the past 6 months. Hoping in 24hours all of this will be a distant memory 

Yay - fingers crossed all goes smoothly for you today!

kerpoo

SuseOrm said:

So I am buying an empty property I sent over the last of the deposit money on Monday,  all of the searches are back,  all of the inquiries are back,  the mortgage offer has been there for weeks …. My solicitor has suggested to complete on the 11th which is Monday…. Dare I actually dream that this is gonna happen ?  

That is sounding very positive!

kerpoo

We have everything in place, contracts signed, monies with solicitor..... just waiting for the replacement mortgage offer paperwork to land (long story short, mistake by broker on repayment terms - everything else the same so mortgage provider had to go back around the loop!). We're buying an empty house, vendors have agreed completion for 14th so keeping everything crossed that the paperwork gets to the sols in time! Why oh why do they still use snail mail?

BigH1979

Mkk298 said:

Offer accepted 17th Feb, solicitors instructed same day. Memorandum of sale received 21st Feb. Mortgage offer received on the 22nd March, signed the mortgage deed and sent it back to the solicitors. Survey carried out on the 15th March. 

However last I heard our solicitors are still waiting to receive the draft contract pack from the sellers.. The estate agent assured me this was being sent out by the end of the week ending 25th March but I’ve heard nothing since. The seller’s vendor has also only just sent out their contract pack. I thought things were moving quickly with the mortgage and survey etc but turns out we’re 6 weeks in and barely started! Very nervous as my last purchase fell through at around 11 weeks.. Just don’t want a repeat of that. 

I don’t want to worry you but we had the same. We cancelled the building survey after we sent an ultimatum to the EA saying it would not go ahead until our solicitor received the contract pack after 2 months of waiting. Our sellers solicitors were Premier Property Lawyers (bad). We managed to contact the sellers direct and talk them into changing to a local Solicitors who my solicitor recommended. Now all proceeding much faster. Don’t believe anything the EA says, they will only tell you what they think you want to hear, especially if its their commission paying solicitors that they had recommended to the sellers (as in our case). Hope im wrong and it works out 👍

Nicbetty

Looks like another 3-4 weeks now before exchange . Right up to the deadline of my mortgage offer expiry … I’m exhausted from the whole thing