The NEW waiting to exchange thread...

poppysmam

@RM_2013 how frustrating for you. The waiting for things to arrive/be satisfied feels like it’s never ending! Really hope it arrives on Friday for you, it’s a shame they didn’t call into the office to sign. 

@SJE89 unfortunately their sols are too far away for them. We sent our signed docs special delivery and they arrived the next day, so I’m hoping the buyers will do the same, with the hope that they will arrive on Friday. At this moment in time I’ve let go of the idea of a pre Christmas completion, even though our EA seems to still be pushing that narrative. It just seems too close now. 

EndlessStruggle

I told my solicitor today that unless we agree a completion date today then it isn't happening this side of Christmas as I won't be able to get a mover.

She hasn't got back to me so I'm assuming she couldn't get hold of them, which happens a lot.

I'm going to have to put my foot down if they try and rush it through now and say I'll exchange before Christmas but I won't complete until January.

No doubt their useless solicitors are going to put the blame on our side... 

Does anyone else wonder if they buyer/seller is on this thread? Hahaha

sophieo16

Camboudica said:

So, being that I work for my conveyancing/solicitors firm (I'm not a conveyancer) I am able to read through the emails etc on our case. My colleague went back to the Vendors sol after a discussion yesterday and explained that completion next week would be unachievable given that we are still waiting for the amended mortgage paperwork from the lender which shows the newly agreed property price.

Taking into account that once received we still need to sort out final paperwork and then start moving funds around for the deposit, and the fact that we then have a countywide shut down over the festive period, a completion in January seems a lot more doable. I suggested an exchange before Christmas and completion in January, which they seem happy with. Although the vendor is basically refusing to clear the property of her dilapidated junk until after exchange "in case she needs it". 

I have just tried to call our broker to see where we are with the amended mortgage paperwork but she is busy.

We're currently in rented so also need to give notice when we know for sure when we will complete. 

Hopefully we can get this all arranged in the next week or so, so we have some actual dates. 

@Camboudica It sounds like you are at the exact same spot in the process that we are. 

After about a week and a half we eventually received our revised paperwork from our mortgage lender on Friday last week, I passed this to our conveyancer but they will also need their own copy from the mortgage lender that they are waiting to receive. I'm assuming this will be posted to them (??), which could cause delays with the postal strikes and delays etc. 

Luckily we are in a no-chain situation, we are currently living with my partner's mam and the people we are purchasing from are selling on behalf of a relative in care, so exchange and completion could happen on the same day without too many complications that others face. We are just waiting for responses to enquiries at the moment. 

My guess, however, is mid-Jan for our move. 

A__L

Ksw3 said:

A__L said:

poppysmam said:

All quiet on the western front here. All paperwork has been signed and returned, all enquiries satisfied, so now awaiting to hear of dates for exchange/completion. Hoping anyone who is waiting for good news or breakthroughs hear something positive this week!

This is a really stupid question but we are FTBs. What documentation do you need to sign before exchange?

We had to sign the contract, the mortgage deed, the stamp duty declaration and a confirmation to our solicitor that we wished to buy as joint tenants. 

Thanks for confirming!

A__L

Camboudica said:

So, being that I work for my conveyancing/solicitors firm (I'm not a conveyancer) I am able to read through the emails etc on our case. My colleague went back to the Vendors sol after a discussion yesterday and explained that completion next week would be unachievable given that we are still waiting for the amended mortgage paperwork from the lender which shows the newly agreed property price.

Taking into account that once received we still need to sort out final paperwork and then start moving funds around for the deposit, and the fact that we then have a countywide shut down over the festive period, a completion in January seems a lot more doable. I suggested an exchange before Christmas and completion in January, which they seem happy with. Although the vendor is basically refusing to clear the property of her dilapidated junk until after exchange "in case she needs it". 

I have just tried to call our broker to see where we are with the amended mortgage paperwork but she is busy.

We're currently in rented so also need to give notice when we know for sure when we will complete. 

Hopefully we can get this all arranged in the next week or so, so we have some actual dates. 

We are also renting and finally got an agreed completion date today!! Feeling really happy now. We started packing our stuff today but it's making me realise we have a lot of stuff!! Man and van booked now and we are going to book professional cleaners (so expensive) to clean our rented accommodation. Just waiting on our EA to agree our last day in our rental

Camboudica

@EndlessStruggle, lol, yes! When I wrote 'dilapidated junk' it did cross my mind that the vendor might be an MSE forumite haha.

@sophieo16, it does seem very similar. I also realised after going through a number of emails on our case that the lender actually emailed on Friday to say our case had an update on the LMS portal, this is the portal we use to get the mortgage paperwork directly from the lenders, but my colleague noted that although it said there was an update/amendment there wasn't anything different about the paperwork and it doesn't show the new purchase price. Our broker is on holiday (again, 3rd holiday since September!) and I've been trying to chase the lady covering him who put the amendments through all afternoon to speak to her about it, but she's not responding to my calls or email. It would seem something has gone wrong somewhere. Will have to try again tomorrow. Very frustrating. 

@A__L, oh good for you. I bet it feels good to know what's happening and be able to give notice. I can't wait to tell our agency we're going, they are useless and I'll be so pleased to leave here and move into our own home. We've got to give 2 months notice which is a pain and a blessing, more money obviously, but will also give us plenty of time to get some stuff done in the new place without having to rush to leave here so we can get it all cleaned and sorted without too much stress. 

A__L

Camboudica said:

@EndlessStruggle, lol, yes! When I wrote 'dilapidated junk' it did cross my mind that the vendor might be an MSE forumite haha.

@sophieo16, it does seem very similar. I also realised after going through a number of emails on our case that the lender actually emailed on Friday to say our case had an update on the LMS portal, this is the portal we use to get the mortgage paperwork directly from the lenders, but my colleague noted that although it said there was an update/amendment there wasn't anything different about the paperwork and it doesn't show the new purchase price. Our broker is on holiday (again, 3rd holiday since September!) and I've been trying to chase the lady covering him who put the amendments through all afternoon to speak to her about it, but she's not responding to my calls or email. It would seem something has gone wrong somewhere. Will have to try again tomorrow. Very frustrating. 

@A__L, oh good for you. I bet it feels good to know what's happening and be able to give notice. I can't wait to tell our agency we're going, they are useless and I'll be so pleased to leave here and move into our own home. We've got to give 2 months notice which is a pain and a blessing, more money obviously, but will also give us plenty of time to get some stuff done in the new place without having to rush to leave here so we can get it all cleaned and sorted without too much stress. 

We don't have a break clause in our contract so need to pay fees. We're just so glad we have a date now to work with. I hope everything goes well with you! Fingers crossed

UnderOffer

A__L said:"

Camboudica said:

So, being that I work for my conveyancing/solicitors firm (I'm not a conveyancer) I am able to read through the emails etc on our case. My colleague went back to the Vendors sol after a discussion yesterday and explained that completion next week would be unachievable given that we are still waiting for the amended mortgage paperwork from the lender which shows the newly agreed property price.

Taking into account that once received we still need to sort out final paperwork and then start moving funds around for the deposit, and the fact that we then have a countywide shut down over the festive period, a completion in January seems a lot more doable. I suggested an exchange before Christmas and completion in January, which they seem happy with. Although the vendor is basically refusing to clear the property of her dilapidated junk until after exchange "in case she needs it". 

I have just tried to call our broker to see where we are with the amended mortgage paperwork but she is busy.

We're currently in rented so also need to give notice when we know for sure when we will complete. 

Hopefully we can get this all arranged in the next week or so, so we have some actual dates. 

We are also renting and finally got an agreed completion date today!! Feeling really happy now. We started packing our stuff today but it's making me realise we have a lot of stuff!! Man and van booked now and we are going to book professional cleaners (so expensive) to clean our rented accommodation. Just waiting on our EA to agree our last day in our rental

To clarify, your solicitor has confirmed you’ve exchanged and a completion date has been given? Or just a date to work too and not yet contractually exchanged? 

A__L

UnderOffer said:

A__L said:"

Camboudica said:

So, being that I work for my conveyancing/solicitors firm (I'm not a conveyancer) I am able to read through the emails etc on our case. My colleague went back to the Vendors sol after a discussion yesterday and explained that completion next week would be unachievable given that we are still waiting for the amended mortgage paperwork from the lender which shows the newly agreed property price.

Taking into account that once received we still need to sort out final paperwork and then start moving funds around for the deposit, and the fact that we then have a countywide shut down over the festive period, a completion in January seems a lot more doable. I suggested an exchange before Christmas and completion in January, which they seem happy with. Although the vendor is basically refusing to clear the property of her dilapidated junk until after exchange "in case she needs it". 

I have just tried to call our broker to see where we are with the amended mortgage paperwork but she is busy.

We're currently in rented so also need to give notice when we know for sure when we will complete. 

Hopefully we can get this all arranged in the next week or so, so we have some actual dates. 

We are also renting and finally got an agreed completion date today!! Feeling really happy now. We started packing our stuff today but it's making me realise we have a lot of stuff!! Man and van booked now and we are going to book professional cleaners (so expensive) to clean our rented accommodation. Just waiting on our EA to agree our last day in our rental

To clarify, your solicitor has confirmed you’ve exchanged and a completion date has been given? Or just a date to work too and not yet contractually exchanged? 

Our sellers are buying a new build so they are pushing a fast exchange and wanted to complete on notice which unfortunately doesn't work for us as renters. We have managed to negotiate a fixed complete date now. We are still waiting to exchange, our deposits have been sent to our solicitor. 

A__L

Camboudica said:

@EndlessStruggle, lol, yes! When I wrote 'dilapidated junk' it did cross my mind that the vendor might be an MSE forumite haha.

@sophieo16, it does seem very similar. I also realised after going through a number of emails on our case that the lender actually emailed on Friday to say our case had an update on the LMS portal, this is the portal we use to get the mortgage paperwork directly from the lenders, but my colleague noted that although it said there was an update/amendment there wasn't anything different about the paperwork and it doesn't show the new purchase price. Our broker is on holiday (again, 3rd holiday since September!) and I've been trying to chase the lady covering him who put the amendments through all afternoon to speak to her about it, but she's not responding to my calls or email. It would seem something has gone wrong somewhere. Will have to try again tomorrow. Very frustrating. 

@A__L, oh good for you. I bet it feels good to know what's happening and be able to give notice. I can't wait to tell our agency we're going, they are useless and I'll be so pleased to leave here and move into our own home. We've got to give 2 months notice which is a pain and a blessing, more money obviously, but will also give us plenty of time to get some stuff done in the new place without having to rush to leave here so we can get it all cleaned and sorted without too much stress. 

@Camboudica Tbh it feels like a weight has been lifted off my shoulders now. One less stress 😩 

We don't have a break clause in our contract and need to give "adequate" notice for early release and pay loads of fees, plus pay for professional cleaners, etc. Our move is going to be costly but just can't wait until it is done. I'm a bit worried as we will have over 6 weeks between exchange and complete but nothing else we can do. 

From the looks of it, it looks like you were able to renegotiate your purchase price - that sounds like amazing news!