The NEW waiting to exchange thread...

nicknameless

Domaco16 said:

Wahoooo congratulations!!!! 

I’ve emailed my solicitor this morning asking to propose moving dates of end of next week - not heard back
yet - last time we proposed a date they came back straight away saying they won’t be ready so fingers crossed this is a possibility!! 

Good luck.  We first asked about dates over 2 weeks ago and still not had indication.  Us, our seller, their purchase chain.  I am losing the will to live tbh.

Zerforax

I know I need buildings insurance from exchange but when am I meant to take it out? Presumably once the solicitors have confirmed a date for exchange/completion?

stormpassing

Zerforax said:

I know I need buildings insurance from exchange but when am I meant to take it out? Presumably once the solicitors have confirmed a date for exchange/completion?

I was told it needs to be in place for exchange so took it out as soon as the solicitor advised she was going to attempt exchange. Hope this helps

Zerforax

stormpassing said:

Zerforax said:

I know I need buildings insurance from exchange but when am I meant to take it out? Presumably once the solicitors have confirmed a date for exchange/completion?

I was told it needs to be in place for exchange so took it out as soon as the solicitor advised she was going to attempt exchange. Hope this helps

Yes makes sense. I can't think when else you could do it. Guess I should make sure I have all the information I need to hand. Will probably just take out buildings & content insurance in one go.

DiyVirgin

Tentatively joining this thread!

08/03 - property up for sale
16/05 - offer accepted from FTB
23/05 - offer accepted on New Property
23/05 - Solicitors Instructed
24/05 - Mortgage Application Submitted
27/05 - Mortgage Offer Received (couldn't believe how fast it was!)
07/06 - Sale contract documents signed and returned. Searches applied for purchase and lease pack requested for sale
20/06 - Contract documents received, signed and returned for purchase and enquires sent off to vendor. Lease pack chased.
21/06 - Survey done - nothing we weren't expecting a couple of extra enquires but nothing major. Lease pack paid for (Council claim they didn't get the original email request and once payment received 10 working day turn around, requested its expedited due to delay) 
29/06 - Chased lease pack as no receipt for payment or reply to expedition request. Lease pack received later in the day and sent to buyers sols
05/07 - Email sent to our sols to confirm position on both sale and purchase. Enquires rec from buyer, replied immediately.

All has moved so quickly I am tentatively hoping we could be in early August. But as far as I know our buyer still hasn't had their mortgage offer. We are waiting for a couple of searches on our purchase still and responses to the enquires but believe these should be in this week from sols feedback.

We are at 7 weeks from accepting the offer on our property this week and 6 from offering on our new place so if we complete early August we are looking at total 11/12 weeks which would be amazing! Trying not to get carried away but might go a buy some moving boxes soon!

Chloe010

End of the road for us

NatWest won’t lend on the house as the indemnity for absence of easement is too risky. Solicitor has also advised that as it’s technically landlocked, we shouldn’t proceed. I’m just gutted this came up right as we were ready to exchange…

Best of luck to everyone else on the thread! 

stormpassing

Chloe010 said:

End of the road for us

NatWest won’t lend on the house as the indemnity for absence of easement is too risky. Solicitor has also advised that as it’s technically landlocked, we shouldn’t proceed. I’m just gutted this came up right as we were ready to exchange…

Best of luck to everyone else on the thread! 

So sorry to hear this Chloe010. That must be devastating. Better to find out before exchange though. I’m sure something even better is waiting for you. Really hope you find it soon. Sending hugs 😢

Domaco16

Chloe010 said:

End of the road for us

NatWest won’t lend on the house as the indemnity for absence of easement is too risky. Solicitor has also advised that as it’s technically landlocked, we shouldn’t proceed. I’m just gutted this came up right as we were ready to exchange…

Best of luck to everyone else on the thread! 

Oh no so sorry to hear this!! Did you have any inkling this would happen? So sorry you got so close xx

Chloe010

Domaco16 said:

Chloe010 said:

End of the road for us

NatWest won’t lend on the house as the indemnity for absence of easement is too risky. Solicitor has also advised that as it’s technically landlocked, we shouldn’t proceed. I’m just gutted this came up right as we were ready to exchange…

Best of luck to everyone else on the thread! 

Oh no so sorry to hear this!! Did you have any inkling this would happen? So sorry you got so close xx

Thank you - it’s a bitter pill to swallow (particularly as we’re packed up ready to go), but like StormPassing said, better things are to come for us! 

It only transpired over the past 2-3 weeks - the seller had no idea from reading through the correspondence and they were adamant that the right of way was granted. Thankfully our solicitor was eagle eyed and spotted the transfer deed didn’t make sense!

pipscat

*update* we're in - we exchanged and completed on the same day on Monday! It was a long day but we eventually got our keys in the afternoon! Does anyone know how long it usually takes to receive any monies owed from solicitors after sale and purchase? I know it can depend on solicitors and we are chasing just wondered what other people's experiences have been - thanks