The NEW waiting to exchange thread...

RM_2013

alibean121 said:

My solicitor has rung me and we have exchanged today. Completion on Thursday. It’s my first house and I haven’t given notice on my rental yet so luckily I’m not in a mad scramble for removals or anything.

This has been a long journey for me with my offer accepted in Feb. I waited a bit to get the mortgage underway as my chain wasn’t complete, then decided 2 months later that I would get something in place. Had been totally kicking myself for letting some good rates get away but it’s worked out for the best as I got my offer in April and it was due to expire at the start of October. Anything I would have secured in Feb would have expired a long time ago and my rate is now looking very appealing!!

Very excited as I had all but given up on this chain ever limping over the line but we’ve made it!

Great news when are you looking to compete? 

trakky14

alibean121 said:

My solicitor has rung me and we have exchanged today. Completion on Thursday. It’s my first house and I haven’t given notice on my rental yet so luckily I’m not in a mad scramble for removals or anything.

This has been a long journey for me with my offer accepted in Feb. I waited a bit to get the mortgage underway as my chain wasn’t complete, then decided 2 months later that I would get something in place. Had been totally kicking myself for letting some good rates get away but it’s worked out for the best as I got my offer in April and it was due to expire at the start of October. Anything I would have secured in Feb would have expired a long time ago and my rate is now looking very appealing!!

Very excited as I had all but given up on this chain ever limping over the line but we’ve made it!

Yay that's amazing!

RM_2013

Update today we’ve had email from solicitor with all the land registry info and fixtures and fittings stuff for us to approve plus estate agent has updated to say vendors haven’t found an onward purchase but are aware of our deadlines and would move into rented if needed as won’t risk losing the sale.  Whether this is an empty promise or not 

NeverAgain1233

I cant believe a thread like this exists! this is amazing! I have found somewhere where I can ......arnt about our sh*tty situation.

Waiting to exchange on a house we offered on in may. Everything is done apart from ....... probate. The same probate we were told that was granted BEFORE we offered on the house. I asked the agent multiple times before we offered if probate was granted. Yes we were told.

Who knows what's going to happen now, our buyers mortgage offer ends in November (FTB - Offered on our house end of April). If we aren't done by then, this all falls through as they wont be able to afford the new interest rates.

FML. Anyone else been lied to about probate before offering on a property? How is this even allowed?

The whole house buying and selling transaction process needs a massive overhaul.

clairepostin

GAMBITv5 said:

clairepostin said:

GAMBITv5 said:

clairepostin said:

Hi everyone, I have been lurking on here, loads of great info, thank you.

We are currently awaiting a mortgage offer from Nationwide, they (via Countrywide). This morning they have been to the property to value it. 

Does anyone who may have been in the same position recently know how long I should expect to wait to see if the valuation stacks up and a mortgage offer is on the table?

In exactly the same boat (perhaps you're the one buying my property) as i had countrywide value my property today... Nationwide have been to value the property I'm buying today (also countrywide) so will let you know when I hear something

Thank you, appreciated. Although I don’t think you are my vendor as it’s the top of the chain

Good luck with your move, I’ll report back too.

We just had both valuations (buyer and ours) returned same day, mortgage offers issued all round

Yay fabulous. Still waiting here, fingers crossed. 

jak

I gave permission to exchange today! Completion on 7 October now so only delayed another week. Not sure when we actually exchange. Waiting on an email to let me know! 

trakky14

jak said:

I gave permission to exchange today! Completion on 7 October now so only delayed another week. Not sure when we actually exchange. Waiting on an email to let me know! 

That so exciting..I cannot wait for that call for us!!

jak

@trakky14 Exchange is hopefully happening Today! Eeek! Waiting to find out if all went well. Good Lord, It's so nerve wracking! 

RM_2013

trakky14 said:

Argh is anyone else now desperately wanting to exchange in light of the news on lenders/interest rates?!! I feel every day that goes past is a greater risk to the whole thing falling apart 😥 Particularly as we are in a situation where we are waiting for our buyers lender's solicitor to give the green light after 3 weeks of waiting to be able to exchange! 

Same here.  We have a mortgage offer that expires 1st mar and really don’t want to have to re-apply!! Also I’m sure our FTB won’t want to have to re-apply either! 

trakky14

RM_2013 said:

trakky14 said:

Argh is anyone else now desperately wanting to exchange in light of the news on lenders/interest rates?!! I feel every day that goes past is a greater risk to the whole thing falling apart 😥 Particularly as we are in a situation where we are waiting for our buyers lender's solicitor to give the green light after 3 weeks of waiting to be able to exchange! 

Same here.  We have a mortgage offer that expires 1st mar and really don’t want to have to re-apply!! Also I’m sure our FTB won’t want to have to re-apply either! 

Ours is 31st of December so should be ok but the rate we are going...haha