PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The NEW waiting to exchange thread...

1192619271929193119322067

Comments

  • Glad for those who have 😁

    we haven’t, because the paperwork didn’t make it to the vendors solicitor not sure why he didn’t see the urgency despite the fact the estate agent said that it needed to be in for exchange and completion to happen. Our solicitor is hopeful it will all happen tomorrow but has warned us if it hasn’t happened by 3pm tomorrow then it’ll have to wait till the Friday after as they have to return the mortgage funds. 

    I have no idea the vendors said yes without checking all the paperwork was in! So another sleepless night for me 😫😫
    Just Keep Swimming
    Paid: 26%/100% :beer:
  • Glad for those who have 😁

    we haven’t, because the paperwork didn’t make it to the vendors solicitor not sure why he didn’t see the urgency despite the fact the estate agent said that it needed to be in for exchange and completion to happen. Our solicitor is hopeful it will all happen tomorrow but has warned us if it hasn’t happened by 3pm tomorrow then it’ll have to wait till the Friday after as they have to return the mortgage funds. 

    I have no idea the vendors said yes without checking all the paperwork was in! So another sleepless night for me 😫😫
    Oh no!

    We exchanged!! But it was a close one, and it only happened because our seller bless his heart broke the chain so we could exchange, as his seller at the top is still messing around.

    Turns out our seller is moving next door! And has already been able to move most of his stuff out, as he's on good terms with his seller/former neighbour.

    I will be buying that man some wine!

    Completion tomorrow!
  • dfwprincess
    dfwprincess Posts: 57 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    edited 22 September 2022 at 6:17PM
    Glad for those who have 😁

    we haven’t, because the paperwork didn’t make it to the vendors solicitor not sure why he didn’t see the urgency despite the fact the estate agent said that it needed to be in for exchange and completion to happen. Our solicitor is hopeful it will all happen tomorrow but has warned us if it hasn’t happened by 3pm tomorrow then it’ll have to wait till the Friday after as they have to return the mortgage funds. 

    I have no idea the vendors said yes without checking all the paperwork was in! So another sleepless night for me 😫😫
    Oh no!

    We exchanged!! But it was a close one, and it only happened because our seller bless his heart broke the chain so we could exchange, as his seller at the top is still messing around.

    Turns out our seller is moving next door! And has already been able to move most of his stuff out, as he's on good terms with his seller/former neighbour.

    I will be buying that man some wine!

    Completion tomorrow!
    Yay for exchange, and nice of the seller to do that 😁 and I hope completion tomorrow goes smoothly for you. 

    I think what frustrates us most about ours is it’s no chain, it’s an empty house so you’d think the vendor would want rid as soon as possible but they don’t seem to be in rush. Tomorrow is exactly four months since we put the offer in. 
    Just Keep Swimming
    Paid: 26%/100% :beer:
  • Thank you!

    Honestly though, your situation is so bizarre, considering there is no chain, there's no group of people to line up and co operate with. Yet still they manage to drop the ball and make it complicated!

    I really wish you all the luck in the world with yours tomorrow, and that they get their backsides in gear!
  • jak
    jak Posts: 2,027 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Finally talking dates! 30 September is the earliest we can try for completion apparently. I've said that would work for me. Now got to wait for it to be agreed. Fingers crossed! JAK
    2022 Comp total (prizes + free spins): £494.81 #20 £12 a day Jan: £382.95/£372 #57 360 1p challenge: £17.70 £10 a day Feb: £571.09/£280 March: £311.96/£310
  • Thank you!

    Honestly though, your situation is so bizarre, considering there is no chain, there's no group of people to line up and co operate with. Yet still they manage to drop the ball and make it complicated!

    I really wish you all the luck in the world with yours tomorrow, and that they get their backsides in gear!
    Thank you, our brokers like you can’t make it up and I’m like you’re telling me! The estate agent have said the solicitor the vendor is using is normally one of the better ones they deal with (it’s a local one so they do deal with them a fair bit) & that it’s so odd for them to have missed and dropped the ball this close to the end. The vendor just went against instructions which is another issue but I think as he doesn’t need to also sort his own exchange/completion he’s not as on it as someone who needs it kinda thing - if that makes sense. 
    Just Keep Swimming
    Paid: 26%/100% :beer:
  • I just went to view the house again today just a quick pre exchange check and to measure in the kitchen for white goods.

    Whole chain has agreed completion 29th but I still haven’t had my contract to sign. I’m very much hoping that’s all that needs to happen before we exchange. I’m bottom of the chain coming from a rental and will have a good crossover as I haven’t given notice but everyone else needs removals.

    My solicitors have been great all the way through but seem to have just gone incommunicado the last week right at the crucial time.
  • mojo293
    mojo293 Posts: 86 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    edited 23 September 2022 at 11:13AM
    EA just rang, my buyer is sorting his Buildings Insurance for this house and transferring his deposit over today, but she thinks Monday is looking more likely for Exchange.

    Had hoped for the comfort of being under contract gong into the weekend, but she doesn't think there'l lbe any issues and still sees Compeltion happening on Tuesday.
  • And a billy bonus of £2.5k for all of you too!

    I think had we not pushed our vendor, we would have been moving in today too.
  • We’ve completed!

    we had a small chain, us (ftb) our vendor and their vendor who was buying a new build

    19/05 - offer accepted and solicitor instructed 
    02/06 -  mortgage Application submitted via broker
    02/06 - Credit Check & Valuation Instructed
    06/06 - Valuation Received 
    07/06 - Passed to underwriting 
    08/06 - Offer Issued
    15/06 - searches requested
    27/07 - searches received and enquiries raised
    28/07 - proposed completion for 15/08
    05/08 - notified top of chain wont be ready

    nothing happens for a month

    13/09 - new proposed completion date of 23/09
    22/09 - we exchange
    23/09 - we’ve completed 

    stressful process, solicitor needed constant chasing and had to send evidence from vendor’s solicitor of emails they claimed not to have received! But we got there in the end
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.