The NEW waiting to exchange thread...

EndlessStruggle

I had my survey yesterday and it's so bad that I'm pulling out.

I knew the house needed a new roof at some point in the near future but nope it needs one doing yesterday.

The timbers are soaked on the main roof, the chimney is damaged and damp the whole way down, the smaller roof has woodworm and is soaking wet. 

I was expecting to have to spend 20k to fix some bits and modernise. He doesn't think I'll get much if any change from 50k.

And it's just not worth it. It's an ex LHA property and I'll never see the money again. That 50k will get me a bigger garden, another bedroom or detached in the next village/street.

Shame to be pulling out but it's going to have to be done! 

1616six

I have just been and picked up our final report, completion statement and contract from our solicitor.

Will read through everything after tea tonight and sign the dotted lines. All getting very real now!

I assume with the amount I’ve got to pay, I need to go into the bank and set a payment up in person? It’s a £35k deposit plus their fees so our balance is £36.something K to pay. I can pop into Nationwide and ask, but I assume it’s not something I can just do online as if I were paying a normal small bill.

EndlessStruggle

1616six said:

I have just been and picked up our final report, completion statement and contract from our solicitor.

Will read through everything after tea tonight and sign the dotted lines. All getting very real now!

I assume with the amount I’ve got to pay, I need to go into the bank and set a payment up in person? It’s a £35k deposit plus their fees so our balance is £36.something K to pay. I can pop into Nationwide and ask, but I assume it’s not something I can just do online as if I were paying a normal small bill.

I had to do mine in the bank. They also do multiple checks of bank acc numbers and everything which was what made me really nervous so it takes a lot of the stress out of it as well! 

RM_2013

donutandbeer said:

RM_2013 said:

donutandbeer said:

Yesterday our solicitor asked the vendor’s solicitor whether they can exchange imminently but they didn’t respond, this was after they said they are ready. I just called the estate agent and they called the vendor’s solicitor, apparently now they say they are looking to exchange today and will be in touch with our solicitor. Unfortunately they have been saying in the last three weeks that they are “looking to exchange this week” too many times, and obviously every week it turned out they were still not ready, so I don’t have much hope for exchanging today. I know it’s going to happen eventually, but I won’t be surprised if they suddenly come up with something else after saying they are ready (which they have also said at least twice in the past). 

Fingers crossed that it actually happens today or this week.  Frustrating when you are waiting on others 

Our solicitor asked us to authorise the exchange at 3pm. Already thought it wouldn’t happen today since it’s so late. We still haven’t heard back from our solicitor whether we have exchanged successfully or not… 

I would assume that you’ve exchanged unless they came back to say it hadn’t happened.  Fingers crossed.  Give them a call first thing to confirm but I hope this is good news for you 

donutandbeer

RM_2013 said:

donutandbeer said:

RM_2013 said:

donutandbeer said:

Yesterday our solicitor asked the vendor’s solicitor whether they can exchange imminently but they didn’t respond, this was after they said they are ready. I just called the estate agent and they called the vendor’s solicitor, apparently now they say they are looking to exchange today and will be in touch with our solicitor. Unfortunately they have been saying in the last three weeks that they are “looking to exchange this week” too many times, and obviously every week it turned out they were still not ready, so I don’t have much hope for exchanging today. I know it’s going to happen eventually, but I won’t be surprised if they suddenly come up with something else after saying they are ready (which they have also said at least twice in the past). 

Fingers crossed that it actually happens today or this week.  Frustrating when you are waiting on others 

Our solicitor asked us to authorise the exchange at 3pm. Already thought it wouldn’t happen today since it’s so late. We still haven’t heard back from our solicitor whether we have exchanged successfully or not… 

I would assume that you’ve exchanged unless they came back to say it hadn’t happened.  Fingers crossed.  Give them a call first thing to confirm but I hope this is good news for you 

I’m hoping so. Presumably my solicitor didn’t get confirmation from their solicitor that they have received the deposit? Surely they are not requesting to unsend the deposit??? Although it’s possible that the deposit is not even sent yet. I would have thought our solicitor would pop me an email at the end of her work today explaining what have happened, but nope. 

RM_2013

@1616six

That’s great news - sounds like it’s all ready to go for you.  Definitely a bonus if you don’t have to pay another months rent. 

I’m gutted we’ve hit this snag because I really wanted to move before Xmas and I know our buyers wanted to be in their own first home but I don’t think it will happen now.  Radio silence from both solicitors today. 

RM_2013

julicorn said:

RM_2013 said:

Well I’m in a bit of a grump because final enquiries have stalled because there is an issue with land registry on the leaseshold garage for the freehold house we are buying.  I have posted a separate thread on this but no idea how long this will delay things 

So sorry to hear, issues like that are so frustrating!

Thank you.  The more I think about it the more annoyed I am.  Annoyed at the previous conveyencer for not picking it up, annoyed at the seller for not noticing and also annoyed that our solicitor has only just realised after weeks of conveyencing and after I specifically asked for clarification of the implications of leasehold garage and any restrictive covenants before the searches were even returned 

RM_2013

@julicorn Just read your update that sounds like loads of positives today.  You may not be much further behind with your purchase - a amazing.  Let’s hope the EA come back to you quickly to let you know what the vendors response to the revised offer is- fingers crossed 

RM_2013

1616six said:

I have just been and picked up our final report, completion statement and contract from our solicitor.

Will read through everything after tea tonight and sign the dotted lines. All getting very real now!

I assume with the amount I’ve got to pay, I need to go into the bank and set a payment up in person? It’s a £35k deposit plus their fees so our balance is £36.something K to pay. I can pop into Nationwide and ask, but I assume it’s not something I can just do online as if I were paying a normal small bill.

This is very exciting news 

RM_2013

EndlessStruggle said:

I had my survey yesterday and it's so bad that I'm pulling out.

I knew the house needed a new roof at some point in the near future but nope it needs one doing yesterday.

The timbers are soaked on the main roof, the chimney is damaged and damp the whole way down, the smaller roof has woodworm and is soaking wet. 

I was expecting to have to spend 20k to fix some bits and modernise. He doesn't think I'll get much if any change from 50k.

And it's just not worth it. It's an ex LHA property and I'll never see the money again. That 50k will get me a bigger garden, another bedroom or detached in the next village/street.

Shame to be pulling out but it's going to have to be done! 

Sorry to hear this but sounds like you are making the right call here.  Are there any other properties you’ve seen?