The NEW waiting to exchange thread...

SassySaver88

omggggg
Im here to rant....Please take a seat...

We were due to exchange this week
Sent all our documents back, spent a day getting them witnessed, paid our money for today to chase...(me to chase that is) and be told they haven't responded to the outstanding enquiries and we now cant exchange till next week when all the enquiries are back
Plus it takes 5 days for the mortgage money to come after enquiries so our solictor is now saying we will complete on week commencing 15th!!!!

Frustrated beyond belief
We are packed and have given notice
urghhhhh

Rant Over

kates08

Well we nearly exchanged today, but the chain couldn't agree on completion dates. Our buyer wants one week, vendor wants two. We'ce said that we would go with whoever compromised first but have now said that as exchange didn't happen today we can't move next week. I'm too superstitious to pack before exchange and we need at least a weekend between exchange and completion to pack up out house.

Trying again for exchange on Monday with completion sometime w/c 15th. Sooo over house buying and selling now!

LitteButterfly500

I’m feeling quite disheartened this evening.
Went to see my solicitor this afternoon with the intention of signing contracts and settting a date for exchange.
However going I had 1 query I was still waiting for a reply on.
The vendor has not come up with a satisfactory response to that so back to batting that back and forth between the solicitors.
But a much bigger issue has also arisen.
Solicitor got the title deed out from the land registry out and something didn’t look right to me. The house is quite unique in that it has a garden that is much bigger than all its neighbours. All the properties on the road have gardens which are approximately the same width as the house going straight back with a common access road separating the houses and the gardens. But the one I’m trying to purchase has a garden twice as wide. Appearing to have subsumed the garden of the property on the left. Therefore I thought when we got to see the title deed it would either show a kind of weird stuck on bit to the side or a separate deed for that bit of the garden, but it wasn’t there. So then the solicitor checked the land registry and it would appear that part garden still appear on the title for the property next door.
I suspect ththat vendor doesn’t even know this themself as they bought the property at low price and have done the place up for a quick sale.
I’m really struggling to see how it moves forward. Either they do own it and something is very wrong with the land registry or their neighbour now owns a garden they didn’t realise belong to them. The only way I can see proceeding forward with the sale is if they can either buy the land now from tha current owners or I will have to ask them to significantly reduce the value of the property. I would assume this will also require a revaluation from the mortgage company seeing as the property is no longer on as much land as it appear.
I’m scared that I will have to drop out of the sale and start again which is so demoralising when I was all mentally prepared for the move in the next couple of weeks. I just really don’t have the enthusiasm to start all over again, searching through Rightmove everyday, making offer and getting rejected!!!

chazzab

A surprisingly productive week considering it was the first week back, we went into our solicitors yesterday to sign everything ready for exchange and our buyer received our answer to their enquiries and were 99% happy with the response. They won’t budge on needing an asbestos survey on the communal area of our flat which consists of a 3m long hallway and one set of internal stairs. Will cost me £150 quid for ten minutes work but hey ho. It’s the last piece of the puzzle for the sale.
Unfortunately our vendor who is supposed to be replying to the really easy enquiries we sent them, is now not back in the country till the 20th and will look at them then!!

I should be grateful there isn’t anything major holding us up but just frustrating we will have two dead weeks now waiting for the vendor to get back here.

Good luck everyone, hope the weekend brings a little relief. I’m spending it ‘sorting’ the flat (not packing!) and getting double glazing quotes for the new House!!

Tiglath

Our vendor wants to know when we're ready to exchange - we're waiting for our property developer buyer to complete on the sale of a property (he's already exchanged) to fund his purchase of our place. I'm presuming up the chain is also looking okay, so we could cautiously be in a position to exchange in a couple of weeks. I've mentally checked out of living in our current house already, and the decluttering is about 80% done. 17 years worth of stuff has been sifted through, which is quite an achievement. So many dead computers in the loft ...

SassySaver88

Looks like we're all ready to exchange....
Its just so frustrating waiting...
Hubby needs book time off work n stuff
Just feel in limbo

spendinglikemad

Congrats to those closer to exchanging.

We will be waiting for some timings from our solicitors next week on our sale, I think we are a few months off right now but strangely we received 2 letters to our property (so glad we called round as its empty!) to find the potential buyers have called an energy company and set up an account - why on earth would you do that before getting a completion date????
Then the next letter was to me from my current energy company telling me that they were going to stop my agreement with them as I had requested this so cue 3 phone calls:
1 - to inform the new energy company the new name at the address had no rights to set up an account yet
2 - My current supplier to inform them that I didn't want to switch suppliers and to continue to provide gas/electric
3 - EA to let them know and to pass the info on to the buyers
On the positive side shows how keen they are to be in but honestly no idea how a mid Jan date was given as no-one had mentioned an imminent date to us........I would be really happy if we could exchange that soon though
strange that a potential buyer can set this up - if I hadn't been round to the property I wouldn't have found out!!!
SLM

This_calls_for_cake

Going to join in if that's OK as fingers crossed we are going to be moving soonish! We accepted an offer on our property from first time buyers on 18/12 and got an offer accepted on the house we want to buy on 22/12. We have had memo of sale for both transactions, our buyers put their mortgage application in yesterday, I have a phone appointment with our mortgage provider - as we are porting our current deal - on Tuesday morning. We need to make the first payment to our solicitor so they can start doing the searches and things. Our vendors are moving to a new build and have had a completion date of Feb 26th, though I imagine there is likely to be a little slippage on that. We're hoping that things should be fairly straightforward as the chain is so small (fingers crossed!)
Does anyone have any advice on the sort of survey we should get? We had the cheapest one done when we purchased this house as we were skint and naive! Not sure what to go for this time, obviously don't want to spend money we don't need to, but things aren't as tight this time so want to do the right thing not just the cheapest. The house was built in 1979, it had a ground floor extension put on in the early 80s before our vendor bought it, they have subsequently done a building regs compliant loft conversion somewhere around 15 years ago.
Good luck to all awaiting the big move, and thanks in advance for any advice!

Lolly88

This_calls_for_cake wrote: »

Going to join in if that's OK as fingers crossed we are going to be moving soonish! We accepted an offer on our property from first time buyers on 18/12 and got an offer accepted on the house we want to buy on 22/12. We have had memo of sale for both transactions, our buyers put their mortgage application in yesterday, I have a phone appointment with our mortgage provider - as we are porting our current deal - on Tuesday morning. We need to make the first payment to our solicitor so they can start doing the searches and things. Our vendors are moving to a new build and have had a completion date of Feb 26th, though I imagine there is likely to be a little slippage on that. We're hoping that things should be fairly straightforward as the chain is so small (fingers crossed!)
Does anyone have any advice on the sort of survey we should get? We had the cheapest one done when we purchased this house as we were skint and naive! Not sure what to go for this time, obviously don't want to spend money we don't need to, but things aren't as tight this time so want to do the right thing not just the cheapest. The house was built in 1979, it had a ground floor extension put on in the early 80s before our vendor bought it, they have subsequently done a building regs compliant loft conversion somewhere around 15 years ago.
Good luck to all awaiting the big move, and thanks in advance for any advice!

Building surveys are recommended for houses with extensions/ significantly altered. So if you are prepared to pay for it then go for that. It's often not that significantly more expensive than the homebuyers survey anyway.

SassySaver88

Anyone else seriously excited that tomorrow is monday and the weekend is over??
So solictors and home buyers can crack on lol