The NEW waiting to exchange thread...

stormpassing

hpsauce86 said:

stormpassing said:

natasha22 said:

Tentively stepping over as ftb without a chain

We offered on 14th of March, increased our offer on 15th after some negotiation which was accepted

Solicitors instructed on 18th March 

Mortgage offer back on 25th March 

We got our Draft contract on 24th March but are waiting for responses to some questions/ bits they forgot to fill in completely 

Our solicitor is waiting on responses to searches and enquiries but I've no idea which ones. 

Our survey is taking place today which I'm nervous about

It felt like everything was zooming along the first few weeks but has slowed a lot now

Hi @natasha22, how are you getting on.

My timeline seems similar to yours. I’m also a FTB, learning as I go.

I viewed the house in the 16th March. Offer accepted 17th March. Mortgage applied for 18th March.

Solicitor instructed 17th March and initial pack from them filled in and returned over the next 2 weeks.

Survey was 8th April, house downvalued by 5k. Seller accepts new price and mortgage offer 20th April. Meanwhile searches started on the 19th April.

Contact with solicitor last week. 1 search outstanding. No other paperwork received from sol. I have no idea whether any enquiries have been raised. I know they are in receipt of the draught contract.

Will call again next week to see if search is back. Other than that I have no clue if I should be doing anything else yet.

I’ve read this thread from start to finish. So helpful and informative. Good luck to everyone waiting to exchange.

You sound like you’re pretty close, we sent back our enquiries and they were resolved quite quickly and the solicitor just passed the answers across to us. Ask your solicitor to provide you an update and chase the vendors solicitors if they aren’t responding. 

Have you got your insurance sorted? If not do that as they’ll ask for that soon if they haven’t already. 

Once they have the search and enquiries back you’ll get the draft contract to read and we signed all the TR1 forms and stuff, not dated, so the solicitor has them ready to exchange. Not sure if all do this! 

Do you have an ideal date you want to move? 

Fingers crossed for you! Sure it will happen soon! 

Thanks for the response, it’s appreciated.

I called in to the solicitors today. The lady I spoke to was lovely and took some time to explain the process.

Im waiting on the LA search. It doesn’t look like they have started enquiries yet and are waiting for the last search. I don’t think they’ll be complicated. It’s an ex-LA house with no changes or additions that I know of.

They said once enquiries are back the solicitor will write a report and then I’ll be invited in to go through everything. 

I’ve not sorted insurance but I am aware I need to do this for exchange. 

No ideal move date, just as soon as the process allows and not yet getting pressure from vendor.

Im estimating we may be another 6 weeks away but happy for sooner if it’s possible.

I knew nothing about this process and have learned so much on this forum. So grateful to all who post.

Chloe010

stormpassing said:

Chloe010 said:

Update on ours - completely fed up now. 

EA has called to say that our buyer still hasn’t sent off his mortgage documents to the lender (6 weeks and waiting), and that it has transpired his deposit was in his limited company, not his personal funds. 

I’ve said he’s got until tomorrow, otherwise we’re re-marketing. I’m just so deflated, as this has been hidden from us and I thought we were on track to exchange by the end of the month.

Very worried we’ll lose our dream home as a result, even though we are as progressed as possible! Vendor’s EA is putting a lot of pressure on us, chasing constantly for updates, even though our offer was only accepted on 4 April. Mortgage offer was back within a week and solicitors are doing their thing but legals take time… is this just the EA being stressy or should we be worried about re-marketing?

I’m not surprised you are fed up. There is no excuse for a 6 week wait to send documents. I think you are right to give an ultimatum. If he can’t show commitment by tomorrow then definitely re-market. 

I’ve read this thread from start to finish and seen too many examples of people sticking with buyers/sellers who don’t show commitment in he hope they will come good. Looks like they rarely do and even more time is wasted.

I hope this is not the case for you and he pulls his finger out. Good luck 

Thanks for replying! The ultimatum worked and all requested documents went to the lender this evening. 

Keeping everything crossed that it’s smooth sailing from here!

stormpassing

Chloe010 said:

stormpassing said:

Chloe010 said:

Update on ours - completely fed up now. 

EA has called to say that our buyer still hasn’t sent off his mortgage documents to the lender (6 weeks and waiting), and that it has transpired his deposit was in his limited company, not his personal funds. 

I’ve said he’s got until tomorrow, otherwise we’re re-marketing. I’m just so deflated, as this has been hidden from us and I thought we were on track to exchange by the end of the month.

Very worried we’ll lose our dream home as a result, even though we are as progressed as possible! Vendor’s EA is putting a lot of pressure on us, chasing constantly for updates, even though our offer was only accepted on 4 April. Mortgage offer was back within a week and solicitors are doing their thing but legals take time… is this just the EA being stressy or should we be worried about re-marketing?

I’m not surprised you are fed up. There is no excuse for a 6 week wait to send documents. I think you are right to give an ultimatum. If he can’t show commitment by tomorrow then definitely re-market. 

I’ve read this thread from start to finish and seen too many examples of people sticking with buyers/sellers who don’t show commitment in he hope they will come good. Looks like they rarely do and even more time is wasted.

I hope this is not the case for you and he pulls his finger out. Good luck 

Thanks for replying! The ultimatum worked and all requested documents went to the lender this evening. 

Keeping everything crossed that it’s smooth sailing from here!

That’s great news!! 🤞🏻🤞🏻

James_D

Hi everyone! FTBs here. We've found this a really useful thread and so thought I'd contribute with our own ongoing timeline. Also in the event it goes wrong along the way, perhaps someone can give advice!

So far :
4 April 2022 - First viewing, offer made
5 April 2022 - Offer accepted
5 April 2022 - Solicitors instructed (told pens down pending mortgage offer)
5 April 2022 - Mortgage application went in
19 April 2022 - Valuation confirms offer level acceptable
28 April 2022 - Mortgage application query (dealt with by broker)
5 May 2022 - Mortgage offer
5 May 2022 - Homebuyer's survey booked
9 May 2022 - Solicitors start work

To come : 
12 May 2022 - Homebuyers survey
21 May 2022 - Second viewing
Beyond - Everything else.

The only frustrating thing to report so far is the vendor taking their time about finding a conveyancer to instruct - which of course means there is only so much work our solicitors can do for now.

The EA said the vendor made an offer which has been accepted on a vacant leasehold flat. They expect that the landlord (a property management company) will not want to wait around too long for the process to kick off since it is sat vacant (used to be a rental). I guess in theory it should be a relatively straightforward process, since the vendor is not going to be waiting on anyone else finding somewhere to move and we are FTBs??

Having read through this thread though, not getting too excited until those keys are firmly within our grasp .. (!)

Lessien

Heard from our solicitors and pending nothing horrifying on the outstanding survey report, we are looking to exchange next week! 

natasha22

stormpassing said:

natasha22 said:

Tentively stepping over as ftb without a chain

We offered on 14th of March, increased our offer on 15th after some negotiation which was accepted

Solicitors instructed on 18th March 

Mortgage offer back on 25th March 

We got our Draft contract on 24th March but are waiting for responses to some questions/ bits they forgot to fill in completely 

Our solicitor is waiting on responses to searches and enquiries but I've no idea which ones. 

Our survey is taking place today which I'm nervous about

It felt like everything was zooming along the first few weeks but has slowed a lot now

Hi @natasha22, how are you getting on.

My timeline seems similar to yours. I’m also a FTB, learning as I go.

I viewed the house in the 16th March. Offer accepted 17th March. Mortgage applied for 18th March.

Solicitor instructed 17th March and initial pack from them filled in and returned over the next 2 weeks.

Survey was 8th April, house downvalued by 5k. Seller accepts new price and mortgage offer 20th April. Meanwhile searches started on the 19th April.

Contact with solicitor last week. 1 search outstanding. No other paperwork received from sol. I have no idea whether any enquiries have been raised. I know they are in receipt of the draught contract.

Will call again next week to see if search is back. Other than that I have no clue if I should be doing anything else yet.

I’ve read this thread from start to finish. So helpful and informative. Good luck to everyone waiting to exchange.

Urg its a slog!
We had our survey back and there was nothing too horrendous (although still lots to do!)
Weve had some checks completed by a son of a friend so theres been some frustrating hold ups because although we are still paying, it feels harder to chase!

Frustratingly it turns out that responses that we have been chasing for 6 weeks + have simply been sat with our solicitors it seems. Part of this has been boundary related issues which it turns out our solicitor could have told us all along as she has the map but hasnt given it to us!
The seller (who works for the firm thats her solicitor) has missed several bits of the sellers pack that needs chasing again. ITs frustrating as if they had of given us these earlier (god knows how long our solicitor has had them!) then we could have probably had the amendments back by now

Weve asked to exchange next week, but looks unlikely. Due to needing to follow the calendar of our rental house, if we dont give notice next week then we will have to move late july.

Feels to risky to give our notice without exchanging though...

stormpassing

natasha22 said:

stormpassing said:

natasha22 said:

Tentively stepping over as ftb without a chain

We offered on 14th of March, increased our offer on 15th after some negotiation which was accepted

Solicitors instructed on 18th March 

Mortgage offer back on 25th March 

We got our Draft contract on 24th March but are waiting for responses to some questions/ bits they forgot to fill in completely 

Our solicitor is waiting on responses to searches and enquiries but I've no idea which ones. 

Our survey is taking place today which I'm nervous about

It felt like everything was zooming along the first few weeks but has slowed a lot now

Hi @natasha22, how are you getting on.

My timeline seems similar to yours. I’m also a FTB, learning as I go.

I viewed the house in the 16th March. Offer accepted 17th March. Mortgage applied for 18th March.

Solicitor instructed 17th March and initial pack from them filled in and returned over the next 2 weeks.

Survey was 8th April, house downvalued by 5k. Seller accepts new price and mortgage offer 20th April. Meanwhile searches started on the 19th April.

Contact with solicitor last week. 1 search outstanding. No other paperwork received from sol. I have no idea whether any enquiries have been raised. I know they are in receipt of the draught contract.

Will call again next week to see if search is back. Other than that I have no clue if I should be doing anything else yet.

I’ve read this thread from start to finish. So helpful and informative. Good luck to everyone waiting to exchange.

Urg its a slog!
We had our survey back and there was nothing too horrendous (although still lots to do!)
Weve had some checks completed by a son of a friend so theres been some frustrating hold ups because although we are still paying, it feels harder to chase!

Frustratingly it turns out that responses that we have been chasing for 6 weeks + have simply been sat with our solicitors it seems. Part of this has been boundary related issues which it turns out our solicitor could have told us all along as she has the map but hasnt given it to us!
The seller (who works for the firm thats her solicitor) has missed several bits of the sellers pack that needs chasing again. ITs frustrating as if they had of given us these earlier (god knows how long our solicitor has had them!) then we could have probably had the amendments back by now

Weve asked to exchange next week, but looks unlikely. Due to needing to follow the calendar of our rental house, if we dont give notice next week then we will have to move late july.

Feels to risky to give our notice without exchanging though...

Wow, that is really frustrating. Totally get what you mean about not giving notice before exchanging. We are also renting and I won’t risk it either. It also bothers me that without chasing the solicitors they will just sit on things.

We had a look around the outside of the house we are buying today as the tenant has vacated. They have left loads of rubbish in the garden so god knows what the inside looks like. We’ve booked a second viewing on Saturday morning so we’ll see.

The same as you our survey was nothing too horrendous but also like you lots of things that require attention.

I hope you can get these issue ironed out quickly now. Keep us posted with your progress. Good luck with it.

hpsauce86

natasha22 said:

stormpassing said:

natasha22 said:

Tentively stepping over as ftb without a chain

We offered on 14th of March, increased our offer on 15th after some negotiation which was accepted

Solicitors instructed on 18th March 

Mortgage offer back on 25th March 

We got our Draft contract on 24th March but are waiting for responses to some questions/ bits they forgot to fill in completely 

Our solicitor is waiting on responses to searches and enquiries but I've no idea which ones. 

Our survey is taking place today which I'm nervous about

It felt like everything was zooming along the first few weeks but has slowed a lot now

Hi @natasha22, how are you getting on.

My timeline seems similar to yours. I’m also a FTB, learning as I go.

I viewed the house in the 16th March. Offer accepted 17th March. Mortgage applied for 18th March.

Solicitor instructed 17th March and initial pack from them filled in and returned over the next 2 weeks.

Survey was 8th April, house downvalued by 5k. Seller accepts new price and mortgage offer 20th April. Meanwhile searches started on the 19th April.

Contact with solicitor last week. 1 search outstanding. No other paperwork received from sol. I have no idea whether any enquiries have been raised. I know they are in receipt of the draught contract.

Will call again next week to see if search is back. Other than that I have no clue if I should be doing anything else yet.

I’ve read this thread from start to finish. So helpful and informative. Good luck to everyone waiting to exchange.

Urg its a slog!
We had our survey back and there was nothing too horrendous (although still lots to do!)
Weve had some checks completed by a son of a friend so theres been some frustrating hold ups because although we are still paying, it feels harder to chase!

Frustratingly it turns out that responses that we have been chasing for 6 weeks + have simply been sat with our solicitors it seems. Part of this has been boundary related issues which it turns out our solicitor could have told us all along as she has the map but hasnt given it to us!
The seller (who works for the firm thats her solicitor) has missed several bits of the sellers pack that needs chasing again. ITs frustrating as if they had of given us these earlier (god knows how long our solicitor has had them!) then we could have probably had the amendments back by now

Weve asked to exchange next week, but looks unlikely. Due to needing to follow the calendar of our rental house, if we dont give notice next week then we will have to move late july.

Feels to risky to give our notice without exchanging though...

Yours sounds exactly like mine! We have to give notice by 27th of may though to move end of June. We’ve been told our vendors house will definitely be ready end of may. So annoying! I just want to exchange so we are locked in and we can start planning stuff. The waiting is painful. 

I think our vendor is delaying to time with school holidays personally, but I hope they let us know by the 27th so we can be in for June. 

Keep us updated with the move, is it worth speaking to the letting agent to tell them the situation? We have told ours as they tried to make us sign another 12 months, but we’ve been on a rolling tenancy for 6 years, so we told them what the situation was and to be honest as we’ve lived here a while they’ve said they might be able to give us a bit of leeway because they’ll need to fix it up a bit before they let it out again. Plus they’ll want to get it rented quickly as it’s being remediated and will be covered in scaffolding, and they are dark flats as it is.

Keeping my fingers crossed for you, all you can do is tell people your situation and make sure all people are aware. Doesn’t help when there’s so many bank holidays, not that I am complaining! 😊

Durban

Hello. I’d like to join in if I can 

I am selling a BTL flat and not buying anything so no chain. 

Timeline:

22/2 sold subject to contract 
2/3 memo of sale received 
30/3 buyers mortgage offer issued 
13/4 searches applied for 
9/5 searches back 
12/5 buyer meets us to have a look around again and is still very happy 

File is now being reviewed to send report to buyer in readiness hopefully for exchange. 

From the above it all sounds as though it’s gone smoothly but there have been some hiccups along the way 

As soon as I received the offer I paid for and applied for the management pack to be sent to my solicitor as the management company who are notoriously slow. I had to chase this up several times , gritting my teeth to be overly nice and pleasant so they would get in with it

As expected there were enquires raised with the management company. They were not replying to my solicitor so again I had to chase them ( they were very hard to get hold of, wouldn’t answer the phone or emails ). I had to again be cheerful and overly nice to them so they wouldn’t put me to the bottom of the pile 
Eventually they replied so I thanked them very much and wished them a good weekend in case I have to chase them with anything more 😂

Our buyer didn’t apply for searches immediately. Maybe she was waiting for her mortgage offer , I don’t know but when her solicitor wanted paying for the searches , she was on holiday and wasn’t answering emails so they had to wait until she got back just before the Easter weekend. 

I’m very much hoping that we are nearly at the end. I know that I haven’t got the stress of buying and moving as well but the property has been empty now since the end of January and of course we have been paying the mortgage , council tax , service charges etc which is par for the course but would be good for it all to be over 

[Deleted User]

Still waiting.

made offer in early Feb, mortgage approved near end of Feb, March was spend chasing solicitors, bank valuation on wrong place, month delay waiting for another one. Potentially contaminated land discovered in search. Was sorted. Valuations was redone early April, further chasing of solicitors and seller threatened to pull out. Near end of April my solicitor finally did everything. Asks sellers solicitor for paperwork, they say they don’t have it and need to ask management company. Now waiting and hope to exchange on Friday.

Don’t let estate agents pressure you or tell tales to try and pressure you. I was told a whole number of things. They will tell you anything to try and make you rush. I would not trust estate agent recommended solicitors either based on what I have found.