The NEW waiting to exchange thread...

Richiem1987

julicorn said:

Richiem1987 said:

julicorn said:

Richiem1987 said:

Contracts were signed over a week ago and sent back. Everything is in place, all money paid to Solicitor including Mortgage, which first payment is 1st September. However despite chasing, still no agreed completion date, been over a week without a response on that from the vendors solicitors, so guessing a party in the chain is away on Holiday. At this rate, I will be paying a Mortgage for a property which I havent even exchanged let alone completed on if this drags on. The light is at the end of the tunnel but really fustrating. The conveyancing process started in March.

Funds usually only get requested once the completion date is all set in stone, I'm sure '1st September' was just for illustration purposes? You won't be paying for a mortgage if you haven't even exchanged yet. Wishing you all the best, fingers crossed you hear back soon

That is not what I have been told by NatWest, they have paid the money to the soicitor. I am surprised the solicitor called it without confirming a completion date, seems daft. Vendors solicitor said all ready to go, Solicitor called for funds ready to exchange then no reponse. As far as NatWest is concerned, the Mortgage is active as it has been paid to my solicitor. 

Sounds unusual - were your solicitors shooting for same day exchange and completion, imminently (before the radio silence)? In that case, I suppose it would make some sense, but usually they'd at least return funds after a few days if there were delays (from what I've heard at least). 

They wanted a quick turn around, as both my Solicitor and Buying Management Agent were going on holiday. They have now passed the case to their colleagues. Maybe they will return the funds if there is going to be a significant delay.

Richiem1987

MaiTai said:

Richiem1987 said:

Contracts were signed over a week ago and sent back. Everything is in place, all money paid to Solicitor including Mortgage, which first payment is 1st September. However despite chasing, still no agreed completion date, been over a week without a response on that from the vendors solicitors, so guessing a party in the chain is away on Holiday. At this rate, I will be paying a Mortgage for a property which I havent even exchanged let alone completed on if this drags on. The light is at the end of the tunnel but really fustrating. The conveyancing process started in March.

NatWest will not allow mortgage funds to be sat with a solicitor for more than a couple of days ahead of anticipated completion,a date which you say has not yet been agreed.

If completion does not happen funds must be returned within 1 working day.

Are you sure this is actually the case ( in which case it would be highly irregular ) ?

Just had an email. Mortgage funds are in the process of being returned to the Lender. Could be a bit of a wait now

euphoriik

Signed my contracts and everything Friday, been told the sellers solicitor is awaiting my solicitor to approve something so the sellers solicitor can post out the documents to sign to the seller, nobody will discuss exchange or completion at all with me yet, hoping the documents are done fast 🤞🏻

nicknameless

Finally completed today.  Phew.

Have to say though who thinks it is good form to remove a 3 foot wooden shelf and a fixing for kitchen roll making a ****** mess of the wall in the process.  Cuts out spots from the garden leaving bare wires and actually removes the washing line spike leaving a great hole.  How cheap are some folk really?  Beggars belief after we've provided the smoothest transaction possible. 

hpsauce86

nicknameless said:

Finally completed today.  Phew.

Have to say though who thinks it is good form to remove a 3 foot wooden shelf and a fixing for kitchen roll making a ****** mess of the wall in the process.  Cuts out spots from the garden leaving bare wires and actually removes the washing line spike leaving a great hole.  How cheap are some folk really?  Beggars belief after we've provided the smoothest transaction possible. 

Congratulations! Think you’ve been riding the wave the same time as us so it’s nice to see you finally get in. 

Ignore the washing line stuff, people are muppets! Just enjoy your new house. 😊

mojo293

Well my new buyer has sorted his solicitor and provided the details to the EA, so the new Memorandum of Sale has gone to my solicitors today and they are sending the contracts and forms across to his solicitors.

Seems we might be back on track, and hopefully he can buy the searches from the previous buyers solicitor (as first buyer won't need them now and can recoup the cost), and get his mortgage offfer through quick enough.

Got everything crossed we can still be on track for end of August/first week or September at latest.

nicknameless

hpsauce86 said:

nicknameless said:

Finally completed today.  Phew.

Have to say though who thinks it is good form to remove a 3 foot wooden shelf and a fixing for kitchen roll making a ****** mess of the wall in the process.  Cuts out spots from the garden leaving bare wires and actually removes the washing line spike leaving a great hole.  How cheap are some folk really?  Beggars belief after we've provided the smoothest transaction possible. 

Congratulations! Think you’ve been riding the wave the same time as us so it’s nice to see you finally get in. 

Ignore the washing line stuff, people are muppets! Just enjoy your new house. 😊

Thanks.  You are right.  Have everything crossed for you now.

SlinkyWeevil

SlinkyWeevil said:

Supposed to be exchanging today but our solicitors are now querying transactions on our bank accounts (why this wasn’t done week ago I have no idea), but I’m guessing it’s not going ahead until their queries are sorted 🤷🏼‍♀️🤷🏼‍♀️🤷🏼‍♀️

Got it straightened out and exchanged today!  Completion set for this friday! 

hpsauce86

When’s it going to be our turn 🥺🥺

Apparently the one enquiry we’ve been waiting for our vendor to resolve on her onward purchase hasn’t been done correctly. It was supposedly resolved two weeks ago and now just heard it isn’t. 3 weeks left on our mortgage. 😩

trakky14

How long is reasonable for solicitors to respond to enquiries?! Ours were sent to our purchasers solicitors on the 20th of July and we haven't had a reply....they were on holiday for a bit of that but surely by now they should have responded?! 🤪 not sure whether to harass my solicitor or wait....I asked for an update last week from mine and have asked the estate agent to try and move things along too ...not sure what else we can do