The NEW waiting to exchange thread...

juliebunny

dannim12345 said:

I think all our enquires are answered! Just waiting on the rent charge to be extinguished by the land registry which hopefully won’t be long…  The estate agent is talking dates so they must be confident 

My EA has been talking dates for weeks now, but I think shes a bit over optimistic. 4 months in and still no date for exchange 😔 my buyer went on holiday for a month without starting searches and my seller doesn't want to move until December.
Getting closer to the end of my mortgage offer...and my sanity.

Katief12

Can’t believe I am writing this but after nearly 6 months I’ve exchanged! Completion on Monday!!

RM_2013

@Katief12 that’s excellent news 

Deedee23

Katief12 said:

Can’t believe I am writing this but after nearly 6 months I’ve exchanged! Completion on Monday!!

Excellent news. Congratulations 🎉 

RM_2013

donutandbeer said:

Lol vendor’s solicitor finally finished reviewing their file on Monday, said they “will look to exchange this week”, but then went missing. I just had the estate agent calling them up (by the way this is PB and the vendor is using their recommended solicitor), and surprise!! Turned out they are still waiting for the redemption statement from the vendor’s lender. They said they have put in an urgent request but at this point I think it’s safe to just ignore any adjective uttered by them. 

Oh no how long will that take to come through? We also sold through PB thinking it would be a easy option! We are using their conveyencers who had awful reviews but have actually been ok.  Our buyers also decided to go through a conveyencer recommended by PB and theirs haven’t been great 

donutandbeer

RM_2013 said:

donutandbeer said:

Lol vendor’s solicitor finally finished reviewing their file on Monday, said they “will look to exchange this week”, but then went missing. I just had the estate agent calling them up (by the way this is PB and the vendor is using their recommended solicitor), and surprise!! Turned out they are still waiting for the redemption statement from the vendor’s lender. They said they have put in an urgent request but at this point I think it’s safe to just ignore any adjective uttered by them. 

Oh no how long will that take to come through? We also sold through PB thinking it would be a easy option! We are using their conveyencers who had awful reviews but have actually been ok.  Our buyers also decided to go through a conveyencer recommended by PB and theirs haven’t been great 

They said they should receive it any minute now… doesn’t really mean anything but I imagine this is pretty standard practice so hopefully not too long. Our vendor’s solicitor is genuinely horrible - slow, keep missing things that’s in the email they have replied, no communication as for the reason of delays… We sold our place early this year through Yopa, used their recommended solicitor, and had a good experience. Now buying through PB and not having a great time, although the problem is more about their solicitor. 

jenni_fer

Honestly! Why do people insist on moving the goalposts all the time!!!! Just when we think things are progressing we hit another hurdle.

After our buyers dragging the heels for what felt like forever, they came back with a 1 month mortgage extension (to Christmas), in an effort to be nice, and only to be nice as it is going to both cost us and be a huge hassle, we agreed that if we were to complete w/c 19th Dec we would impose on family for a few weeks until our sellers were ready to complete mid Jan. All agreed, lots of thanks from the bottom of the chain, reduction in EA fee to help cover costs....great all moving nicely.

Yesterday...Buyer sends EA an email confirming that they and their buyer have agreed the 9th of Dec...that's 10 days earlier and goes back to our flat no response when they asked us to break the chain end of Nov! Why? Just Why? So another weekend here not knowing what is going on!

On the purchase side, mortgage all approved and home-buyer survey hopefully happening any day now.


Our timeline so far (for this chain only)

Jan 2022, accepted offer on our property.
1st Oct - offer accepted on onward purchase, they already have their purchase in motion so chain complete.
3rd Oct, solicitors instructed.
4th Oct, Memorandum of Sales for both properties received, mortgage process started. Received and sent back all initial sale paperwork
5th Oct, received all initial purchase paperwork. Applied for mortgage.
25th Oct, mortgage documents all received, lots of paperwork for the various accounts!!
28th Oct, vendor forms received and first set of searches back

jenni_fer

juliebunny said:

dannim12345 said:

I think all our enquires are answered! Just waiting on the rent charge to be extinguished by the land registry which hopefully won’t be long…  The estate agent is talking dates so they must be confident 

My EA has been talking dates for weeks now, but I think shes a bit over optimistic. 4 months in and still no date for exchange 😔 my buyer went on holiday for a month without starting searches and my seller doesn't want to move until December.
Getting closer to the end of my mortgage offer...and my sanity.

Hopefully a good sign! Though it feels like talking dates is the only thing happening in our chain!

jenni_fer

Katief12 said:

Can’t believe I am writing this but after nearly 6 months I’ve exchanged! Completion on Monday!!

Congratulations! Hope everything goes smoothly on Monday.

RM_2013

@jenni_fer that’s so frustrating why have they moved the goalposts? Hope you can get some answers tomorrow