The NEW waiting to exchange thread...

SlinkyWeevil

SlinkyWeevil said:

We are FTB on a no chain purchase; we’re buying our rental house, but it will be 8 weeks on Monday since offer accepted and we still have no draft contracts.  We’ve been chasing weekly and were told last week by EA we could expect draft contracts early this week.  Of course, nothing has been sent. 

Emailed the EA today and told them we need a firm assurance that the vendor is still wanting to sell quickly, as we were told initially, and to make our disappointment known in writing.  Their solicitors seem wildly unprofessional; they told ours today on the phone that people have been on holiday which is why nothing has been actioned (for 8 weeks? I think not), and the EA herself emailed me at the start of the process and told me they were “known for not handing over paperwork”.

Since the offer was accepted, we’ve received our mortgage offer and had a survey done on the house, filled out and supplied all the relevant paperwork immediately, and just feeling now like vendors and/or their solicitors are completely taking the mick. 

Depressing update today from the estate agent.  The vendors solicitors are insisting on only communicating with our solicitors by post.  Comments made that the solicitor is “old school” and “your solicitor being in Luton (presumably rather than another local dinosaur) is also why they’re insisting on post”.  Estate agents have recommended the vendors find a new solicitor but draft contracts have been sent “today” by post (of course they have…).  It will be 8 weeks on Monday since offer accepted, god give me strength.

As far as I see it, our options are put up and shut up or find somewhere else

Lisa2211

SlinkyWeevil said:

SlinkyWeevil said:

We are FTB on a no chain purchase; we’re buying our rental house, but it will be 8 weeks on Monday since offer accepted and we still have no draft contracts.  We’ve been chasing weekly and were told last week by EA we could expect draft contracts early this week.  Of course, nothing has been sent. 

Emailed the EA today and told them we need a firm assurance that the vendor is still wanting to sell quickly, as we were told initially, and to make our disappointment known in writing.  Their solicitors seem wildly unprofessional; they told ours today on the phone that people have been on holiday which is why nothing has been actioned (for 8 weeks? I think not), and the EA herself emailed me at the start of the process and told me they were “known for not handing over paperwork”.

Since the offer was accepted, we’ve received our mortgage offer and had a survey done on the house, filled out and supplied all the relevant paperwork immediately, and just feeling now like vendors and/or their solicitors are completely taking the mick. 

Depressing update today from the estate agent.  The vendors solicitors are insisting on only communicating with our solicitors by post.  Comments made that the solicitor is “old school” and “your solicitor being in Luton (presumably rather than another local dinosaur) is also why they’re insisting on post”.  Estate agents have recommended the vendors find a new solicitor but draft contracts have been sent “today” by post (of course they have…).  It will be 8 weeks on Monday since offer accepted, god give me strength.

As far as I see it, our options are put up and shut up or find somewhere else

How frustrating! 

I’m convinced my ‘conveyancing executive’ pretended they couldn’t hear me when they answered the phone today. The whole process of buying has been the most frustrating experience ever. 

Our background… 

We sold and moved into temp accommodation back in March as the property we found was projected to complete a few months later so we committed to move out for our buyers. We sold in 9 weeks, I had the loveliest solicitor. 

Fast forward to now… 20 weeks into our purchase and it’s like pulling teeth…. The solicitors we were recommended for the sale are absolutely dreadful. Oh how I wish I had gone with my gut instinct and used the sale solicitors but no I was just excited to have an offer accepted in a beautiful home I stupidly agreed to hide the EA sols grrrrr 

We are meant to complete on 8th but haven’t even exchanged yet and now the sols have gone v.quiet.

My questions to you knowledgeable folk are… How far in advance do the solicitors request the mortgage funds from the bank? I’m wondering at what point will I know the 8th is unobtainable. 

Good luck to everyone else eager to exchange/complete x

Raterfly

Exchange being attempted now in a chain of 3, I’m in the middle and have just given authority to exchange. Completion agreed for Friday 8th and mortgage provider confirmed funds will be with solicitor on 7th. 

It’s a bit late in the day, hoping the solicitors at the top of the change are still available and this will go through. If not they will try again Monday but my solicitor charges £100 per transaction if less than a week between exchange and completion. I will pay it though as have got everything geared up to moving next Friday. 

stormpassing

Lisa2211 said:

SlinkyWeevil said:

SlinkyWeevil said:

We are FTB on a no chain purchase; we’re buying our rental house, but it will be 8 weeks on Monday since offer accepted and we still have no draft contracts.  We’ve been chasing weekly and were told last week by EA we could expect draft contracts early this week.  Of course, nothing has been sent. 

Emailed the EA today and told them we need a firm assurance that the vendor is still wanting to sell quickly, as we were told initially, and to make our disappointment known in writing.  Their solicitors seem wildly unprofessional; they told ours today on the phone that people have been on holiday which is why nothing has been actioned (for 8 weeks? I think not), and the EA herself emailed me at the start of the process and told me they were “known for not handing over paperwork”.

Since the offer was accepted, we’ve received our mortgage offer and had a survey done on the house, filled out and supplied all the relevant paperwork immediately, and just feeling now like vendors and/or their solicitors are completely taking the mick. 

Depressing update today from the estate agent.  The vendors solicitors are insisting on only communicating with our solicitors by post.  Comments made that the solicitor is “old school” and “your solicitor being in Luton (presumably rather than another local dinosaur) is also why they’re insisting on post”.  Estate agents have recommended the vendors find a new solicitor but draft contracts have been sent “today” by post (of course they have…).  It will be 8 weeks on Monday since offer accepted, god give me strength.

As far as I see it, our options are put up and shut up or find somewhere else

How frustrating! 

I’m convinced my ‘conveyancing executive’ pretended they couldn’t hear me when they answered the phone today. The whole process of buying has been the most frustrating experience ever. 

Our background… 

We sold and moved into temp accommodation back in March as the property we found was projected to complete a few months later so we committed to move out for our buyers. We sold in 9 weeks, I had the loveliest solicitor. 

Fast forward to now… 20 weeks into our purchase and it’s like pulling teeth…. The solicitors we were recommended for the sale are absolutely dreadful. Oh how I wish I had gone with my gut instinct and used the sale solicitors but no I was just excited to have an offer accepted in a beautiful home I stupidly agreed to hide the EA sols grrrrr 

We are meant to complete on 8th but haven’t even exchanged yet and now the sols have gone v.quiet.

My questions to you knowledgeable folk are… How far in advance do the solicitors request the mortgage funds from the bank? I’m wondering at what point will I know the 8th is unobtainable. 

Good luck to everyone else eager to exchange/complete x

I’m due to complete on the 7th and my sol has applied for my mortgage funds today. I’ve no idea what is the norm though.

Good luck

stormpassing

Raterfly said:

Exchange being attempted now in a chain of 3, I’m in the middle and have just given authority to exchange. Completion agreed for Friday 8th and mortgage provider confirmed funds will be with solicitor on 7th. 

It’s a bit late in the day, hoping the solicitors at the top of the change are still available and this will go through. If not they will try again Monday but my solicitor charges £100 per transaction if less than a week between exchange and completion. I will pay it though as have got everything geared up to moving next Friday. 

My sol has just confirmed, no exchange for me today and will try again on Monday. Hope you have better luck 🤞🏻

pipscat

Raterfly said:

Exchange being attempted now in a chain of 3, I’m in the middle and have just given authority to exchange. Completion agreed for Friday 8th and mortgage provider confirmed funds will be with solicitor on 7th. 

It’s a bit late in the day, hoping the solicitors at the top of the change are still available and this will go through. If not they will try again Monday but my solicitor charges £100 per transaction if less than a week between exchange and completion. I will pay it though as have got everything geared up to moving next Friday. 

We were due to exchange yesterday - nothing happened and we're hoping today but been told it'll happen simultaneously with completion now on Monday! I'm hoping anyway as we've got everything packed and vans booked etc 

Hope yours goes ok for Monday 

Raterfly

We exchanged today! Yay! Completion on Friday 8th. I can start packing up now. Hope everyone who didn't get exchanged today gets it Monday. 

Zerforax

Zerforax said:

Tried offering my solicitors more money to do our work on a priority basis and they said they don't do that. Bit disappointed that while we're only 4 weeks into the process, our solicitors now basically holding up the process by not raising the enquiries quickly. Everything else is ready and we're chain free purchase.

I was freting that I may have annoyed our solicitors that they might go a bit slower. But we chose these solicitors as they were great on our sale last year.

Despite not being able to give a proper timeline when I asked on Friday 24 June (their best guess was around 2 weeks), in the end our solicitors got their reports and enquiries out on Thursday 30 June so just under a week!

Really pleased as that was the main blocker to moving relatively quickly. Contracts have been sent out in the post so I'm now hopefully by the end of this coming week, we may be able to agree exchange/completion dates and in July. The end finally feels in sight. We've been living with family for almost 9 months now and really need our own space!

nicknameless

Zerforax said:

Zerforax said:

Tried offering my solicitors more money to do our work on a priority basis and they said they don't do that. Bit disappointed that while we're only 4 weeks into the process, our solicitors now basically holding up the process by not raising the enquiries quickly. Everything else is ready and we're chain free purchase.

I was freting that I may have annoyed our solicitors that they might go a bit slower. But we chose these solicitors as they were great on our sale last year.

Despite not being able to give a proper timeline when I asked on Friday 24 June (their best guess was around 2 weeks), in the end our solicitors got their reports and enquiries out on Thursday 30 June so just under a week!

Really pleased as that was the main blocker to moving relatively quickly. Contracts have been sent out in the post so I'm now hopefully by the end of this coming week, we may be able to agree exchange/completion dates and in July. The end finally feels in sight. We've been living with family for almost 9 months now and really need our own space!

Fingers crossed.  Maybe the question you asked prompted the action?

Chloe010

Chloe010 said:

We’re back on track and the chain is waiting for us now (despite upward and downward chain dragging their heels for 10 weeks, they’re now chasing us daily). 

Our conveyancer has found an issue which needs declaring to the lender (NatWest) for valuation consideration and approval. Does anyone know how long this takes? Our mortgage offer was issued in less than a week back in April but I’m not sure if we’re looking at weeks or days of delay!

I'm hoping its exchange week for us this week. Keeping everything crossed, as I've been stressed since we put our house on the market in March (appreciate that is not a huge amount of time from posts on here though!)