The NEW waiting to exchange thread...

Nicbetty

Been the longest weekend! Still fuming I had no update on Thursday afternoon from the solicitor. Means probably exchange Tuesday and complete Friday . Such a pain as I keep having to cancel time off work then rebook . The process of property buying in UK is horrific . Good luck to everyone over the next few days 

No41edwardianhouse

Nicbetty said:

Been the longest weekend! Still fuming I had no update on Thursday afternoon from the solicitor. Means probably exchange Tuesday and complete Friday . Such a pain as I keep having to cancel time off work then rebook . The process of property buying in UK is horrific . Good luck to everyone over the next few days 

Good luck. We are keeping our fingers firmly crossed for exchange this coming week. 

Do you think we can still complete on the 29th?? 

No41edwardianhouse

Viccie7 said:

@SophMa1 your situation sounds so like mine. Our d day is Tuesday. If we exchange Tuesday we can complete Friday. If not we have to wait another week. Which means (I'm a teacher) moving when I'm back at work! The whole process seems to long for no real reason! 

Good luck! Hope you hear news tomorrow 

Nicbetty

No41edwardianhouse said:

Nicbetty said:

Been the longest weekend! Still fuming I had no update on Thursday afternoon from the solicitor. Means probably exchange Tuesday and complete Friday . Such a pain as I keep having to cancel time off work then rebook . The process of property buying in UK is horrific . Good luck to everyone over the next few days 

Good luck. We are keeping our fingers firmly crossed for exchange this coming week. 

Do you think we can still complete on the 29th?? 

I’m hoping we can exchange this Friday 22nd . I suppose depends how long it takes for funds to be sent from various lenders . 

Chloe010

Joining this thread after stalking for a while!

19/03 - Current house put on the market
26/03 - Open house due to number of viewing requests
30/03 - Offer accepted and MOS issued
30/03 - Conveyancer appointed for sale
02/04 - Viewed future home and loved it!
04/04 - Placed offer and accepted on the same day
05/04 - Mortgage applied for (NatWest)
06/04 - Conveyancer engaged for purchase
11/04 - Mortgage offer received and searches ordered

12/04 - Draft contracts sent to our buyers
13/04 - Seller sent draft contract to our solicitor

Awaiting outcome of searches now…

Fingers crossed that everything goes smoothly! Our buyer’s offer was on the condition he could move in 2 months, which seemed optimistic to me and our agent, but we accepted nonetheless as we are keen to move. He doesn’t appear to have done much since 30/03 though and has only just applied for his mortgage which has irritated me a bit!!

Chain of 3, being FTB / us / vendor (moving in with daughter). 

Words of wisdom are very much welcome and will provide updates - this is our first property sale and we bought our current home from new so it’s all new territory for us!

Nicbetty

Chloe010 said:

Joining this thread after stalking for a while!

19/03 - Current house put on the market
26/03 - Open house due to number of viewing requests
30/03 - Offer accepted and MOS issued
30/03 - Conveyancer appointed for sale
02/04 - Viewed future home and loved it!
04/04 - Placed offer and accepted on the same day
05/04 - Mortgage applied for (NatWest)
06/04 - Conveyancer engaged for purchase
11/04 - Mortgage offer received and searches ordered

12/04 - Draft contracts sent to our buyers
13/04 - Seller sent draft contract to our solicitor

Awaiting outcome of searches now…

Fingers crossed that everything goes smoothly! Our buyer’s offer was on the condition he could move in 2 months, which seemed optimistic to me and our agent, but we accepted nonetheless as we are keen to move. He doesn’t appear to have done much since 30/03 though and has only just applied for his mortgage which has irritated me a bit!!

Chain of 3, being FTB / us / vendor (moving in with daughter). 

Words of wisdom are very much welcome and will provide updates - this is our first property sale and we bought our current home from new so it’s all new territory for us!

Chase chase chase ! Don’t rely on the conveyancer automatically chasing for you . 

Chloe010

Nicbetty said:

Chloe010 said:

Joining this thread after stalking for a while!

Chase chase chase ! Don’t rely on the conveyancer automatically chasing for you . 

Thanks - that’s my plan, although at this stage I’m trying to balance how annoying I can be (saving that for the days leading up to exchange and completion!!).

Our conveyancer has been really good so far though; thankfully I read up on here first and dodged a bullet with PPL who were recommended by our EA. 

Nicbetty

Chloe010 said:

Nicbetty said:

Chloe010 said:

Joining this thread after stalking for a while!

Chase chase chase ! Don’t rely on the conveyancer automatically chasing for you . 

Thanks - that’s my plan, although at this stage I’m trying to balance how annoying I can be (saving that for the days leading up to exchange and completion!!).

Our conveyancer has been really good so far though; thankfully I read up on here first and dodged a bullet with PPL who were recommended by our EA. 

I chased weekly for progress updates . I think I’m paying for a service and entitled to communication . I feel like my solicitor wouldn’t contact me and pro actively offer information .
the last month for me has been every other day . I’m nearing my mortgage offer expiring and if it expires I will have to pull out of purchase due to the three base rate hikes since November . 

I think the frustrating thing is lack of communication and lack of urgency on everyone’s part . 

babyblade41

The problem is constantly contacting your solicitor especially early doors is because unless there is something to report it's a bit pointless & constantly answering emails every couple of days will delay even longer 

As long as you are using a local solicitor where you can have physical contact, can pop docs in by hand if necessary etc  then you are in the hands of the slowest person in the chain.  The process is totally governed by the least proactive.

You can of course contact your EA once a week to get some feedback & if things aren't progressing as quickly as you'd hoped then they can go up & down the chain to find out what the delay is ..whether they can solve it is another matter .

One of the hold ups with our sale ( we aren't buying & our buyers live in rental round the corner from us ) is the buyers mortgage offer took 4 weeks to arrive. Thankfully in that time they organised everything else so they were pretty proactive in that respect.

Sometimes there isn't a lot you can do but wait for the process to slowly work towards completion & try not to stress as most of the problems will get sorted eventually but take time . Think of 12 weeks & that should be a good ball park figure if all goes to plan 

We started our sale back last November but total cash buyers pulled out a day before exchange , 2nd in line offered the next day but had to start all over again . 

From the 2nd buyer we are 6 weeks in & buyer wants completion by end of the month so we will see what happens 

Chloe010

babyblade41 said:

The problem is constantly contacting your solicitor especially early doors is because unless there is something to report it's a bit pointless & constantly answering emails every couple of days will delay even longer 

As long as you are using a local solicitor where you can have physical contact, can pop docs in by hand if necessary etc  then you are in the hands of the slowest person in the chain.  The process is totally governed by the least proactive.

You can of course contact your EA once a week to get some feedback & if things aren't progressing as quickly as you'd hoped then they can go up & down the chain to find out what the delay is ..whether they can solve it is another matter .

One of the hold ups with our sale ( we aren't buying & our buyers live in rental round the corner from us ) is the buyers mortgage offer took 4 weeks to arrive. Thankfully in that time they organised everything else so they were pretty proactive in that respect.

Sometimes there isn't a lot you can do but wait for the process to slowly work towards completion & try not to stress as most of the problems will get sorted eventually but take time . Think of 12 weeks & that should be a good ball park figure if all goes to plan 

We started our sale back last November but total cash buyers pulled out a day before exchange , 2nd in line offered the next day but had to start all over again . 

From the 2nd buyer we are 6 weeks in & buyer wants completion by end of the month so we will see what happens 

Very sensible. Your point around mortgage documents is why I’m frustrated our buyer has faffed around for 2 weeks with applying for his mortgage, particularly when he is the one that has imposed a 2 month completion target. I think we were incredibly fortunate that NatWest approved ours in 5 days (including a weekend!). 

Thankfully, I’m a bit neurotic and like to clear items within a matter of hours so no-one is ever waiting on us! As we moved into our house 5 years ago, we have every single piece of paperwork so I can’t see our buyers enquiries being too onerous for us - unless they have a pedantic conveyancer. Hoping for a smooth process!

Fingers crossed your sale goes through asap!