The NEW waiting to exchange thread...

Chloe27895

Nicbetty said:

Good luck for everyone today and tomorrow !
Completed yesterday but vendor hasn’t moved all stuff out yet … 🤣🤣 thinks I might be able to get key after 2 today 

Congratulations anyway!
Is this a common situation?! I've never heard of this before 😳

babyblade41

Nicbetty said:

Good luck for everyone today and tomorrow !
Completed yesterday but vendor hasn’t moved all stuff out yet … 🤣🤣 thinks I might be able to get key after 2 today 

Not acceptable , I would have moved all the things they left into outside storage  & told them to collect ASAP..hope you contacted your solicitor as you completed with vacant possession, they are in breach of contract 

Chloe27895

babyblade41 said:

Nicbetty said:

Good luck for everyone today and tomorrow !
Completed yesterday but vendor hasn’t moved all stuff out yet … 🤣🤣 thinks I might be able to get key after 2 today 

Not acceptable , I would have moved all the things they left into outside storage  & told them to collect ASAP..hope you contacted your solicitor as you completed with vacant possession, they are in breach of contract 

Yes I hope the solicitors are aware, I think this is grounds to charge interest on the purchase money and claim any extra charges such as removals?
I have no idea how they'd go about getting this though without spending more legal fees which probably wouldn't end up worth it would it..?  
Such a crazy situation though! Imagine this happening in a massive chain...

Nicbetty

Chloe27895 said:

babyblade41 said:

Nicbetty said:

Good luck for everyone today and tomorrow !
Completed yesterday but vendor hasn’t moved all stuff out yet … 🤣🤣 thinks I might be able to get key after 2 today 

Not acceptable , I would have moved all the things they left into outside storage  & told them to collect ASAP..hope you contacted your solicitor as you completed with vacant possession, they are in breach of contract 

Yes I hope the solicitors are aware, I think this is grounds to charge interest on the purchase money and claim any extra charges such as removals?
I have no idea how they'd go about getting this though without spending more legal fees which probably wouldn't end up worth it would it..?  
Such a crazy situation though! Imagine this happening in a massive chain...

I wasn’t keen on completing yesterday as I was categorically told Thursday if we didn’t exchange Thursday we wouldn’t be in position to complete yesterday . So was shocked Tuesday afternoon when they told me would be looking to complete yesterday . I couldn’t get key last night anyway as I had cancelled days off work ( as didn’t think was moving ) I do need key today as need to order washing machine and fridge and need to measure . I’m just tired of it all now so I’m glad just to complete. 

Chloe27895

Nicbetty said:

Chloe27895 said:

babyblade41 said:

Nicbetty said:

Good luck for everyone today and tomorrow !
Completed yesterday but vendor hasn’t moved all stuff out yet … 🤣🤣 thinks I might be able to get key after 2 today 

Not acceptable , I would have moved all the things they left into outside storage  & told them to collect ASAP..hope you contacted your solicitor as you completed with vacant possession, they are in breach of contract 

Yes I hope the solicitors are aware, I think this is grounds to charge interest on the purchase money and claim any extra charges such as removals?
I have no idea how they'd go about getting this though without spending more legal fees which probably wouldn't end up worth it would it..?  
Such a crazy situation though! Imagine this happening in a massive chain...

I wasn’t keen on completing yesterday as I was categorically told Thursday if we didn’t exchange Thursday we wouldn’t be in position to complete yesterday . So was shocked Tuesday afternoon when they told me would be looking to complete yesterday . I couldn’t get key last night anyway as I had cancelled days off work ( as didn’t think was moving ) I do need key today as need to order washing machine and fridge and need to measure . I’m just tired of it all now so I’m glad just to complete. 

Looks like you were both pretty taken by surprise then! I’m glad it’s not causing any serious problems then. Congratulations - I hope you get the keys soon! Fantastic news  

hanate

hanate said:

...

One step forward and two backwards. I've had to resubmit the PIF to HTB due to a discrepancy of mortgage fees. HTB only wanted the mortgage product/application fee and not the other fees on top (the ones not usually added onto the mortgage)

Unfortunately, this means I've lost the next two weeks 😔. Four working days to receive an amended ATP, then another three when the solicitor resubmits SF1

Fortunately, the developer is understanding and I've been keeping them up to date. Apparently, I'm not the only one on the development currently tangling with HTB. In hindsight, I should have just applied for a much longer mortgage term instead of dealing with HTB. Shame that the interest rates are much higher now

FTB252022

all,

Extremely anxious first time buyer here!

I was due to exchange on Thursday 14th April, the day before the long Easter weekend with completion on Monday 25th. My solicitor called me at 5pm to say she couldn't exchange as she hadn't received confirmation of funds from Natwest after submitting the Certificate of Title. She said Natwest always send it immediately after receiving the Title but the bank holiday was the likely cause and it would likely happen on Tuesday. It's now Thursday/4 working days later and there's still been no confirmation.

There is no chain and the property is vacant so there's no issues on that side, however I am getting a little concerned. 

Is this normal? My solicitor has chased twice and had a response saying 'we've received your request, we'll be in touch if we have questions' but nothing else. My solicitor said she normally has it in advance of exchange and wouldn't ever advise proceeding without.

She also said that rather than confirmation of funds at this stage, we'd be better of waiting for funds to hit their account and doing a simultaneous exchange and completion which is fine as we won't be moving in straight away, but it does feel very stressful!

I agree that I don't want to exchange if there's any risk the money won't come through but after searching through these forums, I can't find any hold ups caused by a similar situation (with someone posting the resolution!) I should also disclose that there has been no change to my financial circumstances.

Any advice would be appreciated!

MickeyFTB

FTB252022 said:

all,

Extremely anxious first time buyer here!

I was due to exchange on Thursday 14th April, the day before the long Easter weekend with completion on Monday 25th. My solicitor called me at 5pm to say she couldn't exchange as she hadn't received confirmation of funds from Natwest after submitting the Certificate of Title. She said Natwest always send it immediately after receiving the Title but the bank holiday was the likely cause and it would likely happen on Tuesday. It's now Thursday/4 working days later and there's still been no confirmation.

There is no chain and the property is vacant so there's no issues on that side, however I am getting a little concerned. 

Is this normal? My solicitor has chased twice and had a response saying 'we've received your request, we'll be in touch if we have questions' but nothing else. My solicitor said she normally has it in advance of exchange and wouldn't ever advise proceeding without.

She also said that rather than confirmation of funds at this stage, we'd be better of waiting for funds to hit their account and doing a simultaneous exchange and completion which is fine as we won't be moving in straight away, but it does feel very stressful!

I agree that I don't want to exchange if there's any risk the money won't come through but after searching through these forums, I can't find any hold ups caused by a similar situation (with someone posting the resolution!) I should also disclose that there has been no change to my financial circumstances.

Any advice would be appreciated!

Hi FTB, I personally wouldn’t exchange at your solicitors advice, if the funds aren’t available at completion then you’ve signed to say you will purchase the property on that date and I’m sure the seller can start to charge costs although as it’s vacant I’m not sure what for. Also if any issues with the bank (which I can’t see why there would be) you could incur further delays.

In relation to NatWest, I think whilst it’s really not helpful, we are in the midst of not only the aftermath of a 4 day weekend but also half term so they may have reduced capacity to answer in their normal timelines. I’d suggest keeping on to your solicitor or if you have a communication relationship with them to give them a call yourself - solicitors tend to work on email only so a phone call can sometimes push things.

Good luck 🍀 

No41edwardianhouse

We’ve exchanged!!! Hurrah hurrah hurrah!!  

Chloe27895

No41edwardianhouse said:

We’ve exchanged!!! Hurrah hurrah hurrah!!  

Congratulations! 🎉🎉