The NEW waiting to exchange thread...

shorty1988m

The exchange/completion conversation is definitely coming soon. I can feel it. 

8th August - Offered and accepted 

8th-12th - Mortgage application started, proof of deposit and all other bits and bobs done. 

17th August - Survey done. No issues

(Big gap of nothing happening. No draft contracts even. Very frustrating)

20th Sep - Mortgage offer for full amount. No more worrying about a down val. 

9th Oct - Draft contracts finally received. 

It’s been all really quiet until the last few days when all of a sudden everyone who has been quiet is now back in the game. All parties asking for mortgage docs to be sent to conveyancer, contracts sent out a bit early so I can sign before going back to sea and it’s just starting to feel real now. 

donutandbeer

donutandbeer said:

We have been waiting to exchange for more than a month, but to be fair from this thread it looks like who hasn’t 😂
 
Vendor finally gave us a completion date end of last week, we have been pushing them to exchange this week but vendor’s solicitor kept ignoring the question (of whether or not they can offer to exchange this week). On Tuesday I asked the estate agent to call them and chase, apparently they still need to review the file but the underwriter (?) was not at work that day, and they said it would be reviewed on Wednesday and they would then contact my solicitor. Obviously, that did not happen lol

I honestly hate every part of this process. 

According to the estate agent yesterday (after they called the vendor’s solicitor), the vendor’s solicitor is still aiming to exchange this week (even though they told us nothing). Well there’s not much of this week left… so we’ll see in a very short time. Not optimistic. 😫

dstrevens

dstrevens said:

Been reading everyone's message on here and it's really helped, the selling and purchasing process in this country is so broken but no one will fix it as everyone's making too much money. We are close but it seems so far away, hopefully we should get a date next week.

Our timeline:-

25th April - House up for sale
6th May - House open day

13th May - Offer accepted on our property

8th June - Discovered that our buyer's property was back on the market as she lost her buyer but didn't tell us

8th July - Offer accepted on our property by same buyer, £2K less offer

13th July - Offer accepted on the property we are buying

20th July - Mortgage application

28th July - Mortgage offer received 

9th August - Home buyers survey received 

11th August - Searches applied for
2nd Sept - Wall Tie survey completed

9th Sept - Searches complete

21st Sept - Electrical Survey completed

28th Sept - Answered buyers Solicitors enquiries 

6th Oct - Drain Survey completed

10th Oct - Offer reduced on the property we are buying - Due to additional work identified in surveys (Full rewire, drain issues)

12th Oct - Lower offer accepted

13th Oct - Amendment to mortgage submitted

14th Oct - New mortgage offer received

18th Oct - Hassled our solicitor as we've still not had a response on the most simple queries with our seller, was told they would be reviewed today with the outcome being a discussion on dates

Good luck to everyone else!

Found out last week that the buyers at the bottom of the chain had not had their searches back yet, unreal, no ones telling us why but I'm guessing this is a new buyer who is now way behind the rest of the chain, who it looks are all ready to get going.

My solicitor is useless (much like the rest of yours), still waiting for 3 very small outstanding questions but radio silence.

Never again..................

donutandbeer

donutandbeer said:

donutandbeer said:

We have been waiting to exchange for more than a month, but to be fair from this thread it looks like who hasn’t 😂
 
Vendor finally gave us a completion date end of last week, we have been pushing them to exchange this week but vendor’s solicitor kept ignoring the question (of whether or not they can offer to exchange this week). On Tuesday I asked the estate agent to call them and chase, apparently they still need to review the file but the underwriter (?) was not at work that day, and they said it would be reviewed on Wednesday and they would then contact my solicitor. Obviously, that did not happen lol

I honestly hate every part of this process. 

According to the estate agent yesterday (after they called the vendor’s solicitor), the vendor’s solicitor is still aiming to exchange this week (even though they told us nothing). Well there’s not much of this week left… so we’ll see in a very short time. Not optimistic. 😫

My solicitor hasn’t heard anything from them. Estate agent called the vendor’s solicitor, and they said they are still reviewing the file, they know they said they are aiming to exchange this week but now it looks more like Monday. At this point I just think they are fobbing us off and telling us it’s going to happen the next day everyday. I would much rather they just tell us exactly what day they will be ready, but this (being chased by phone calls everyday) is their preferred method I guess. Nothing we can really do about it. I really want to tell them all to f**k off.

RM_2013

shorty1988m said:

The exchange/completion conversation is definitely coming soon. I can feel it. 

8th August - Offered and accepted 

8th-12th - Mortgage application started, proof of deposit and all other bits and bobs done. 

17th August - Survey done. No issues

(Big gap of nothing happening. No draft contracts even. Very frustrating)

20th Sep - Mortgage offer for full amount. No more worrying about a down val. 

9th Oct - Draft contracts finally received. 

It’s been all really quiet until the last few days when all of a sudden everyone who has been quiet is now back in the game. All parties asking for mortgage docs to be sent to conveyancer, contracts sent out a bit early so I can sign before going back to sea and it’s just starting to feel real now. 

We offered 13/8 and hoping we are dates talking stage soon.  Waiting on enquiries.  Hope you get some news soon 

mrsmagpie80

We’ve exchanged 🥳🥳🥳🥳🥳

RM_2013

mrsmagpie80 said:

We’ve exchanged 🥳🥳🥳🥳🥳

Yay!!!! So pleased for you 

trakky14

Well we completed today!!! 5 long months but we're in!! 🍾  we actually started the process in March 2021 but it all fell through 6 months in and we gave up till May this year...much better house this time around though 😊

Good luck to all of you who are waiting, I hope you exchange and complete really soon! 

mrsmagpie80

RM_2013 said:

mrsmagpie80 said:

We’ve exchanged 🥳🥳🥳🥳🥳

Yay!!!! So pleased for you 

Thanks so much! doesn’t seem real! 

mrsmagpie80

trakky14 said:

Well we completed today!!! 5 long months but we're in!! 🍾  we actually started the process in March 2021 but it all fell through 6 months in and we gave up till May this year...much better house this time around though 😊

Good luck to all of you who are waiting, I hope you exchange and complete really soon! 

Congratulations! 🥳🥳