The NEW waiting to exchange thread...

annetheman

I remember when I bought in 2020-21, this thread really helped (especially as a solo homebuyer) - reading everyone else's progress and triumphs and excitement. It was the most active thread in the sub forum; here's hoping we can resurrect it 

I'm officially waiting to exchange 2024!

I'm in a chain of 3: my FTB in a rental > me selling shared ownership flat > my seller selling an ex-BTL. Everything is ready buyer side, now just a Title issue in progress on the purchase.

Before the below timelines, my then-EA bungled 3 offers so I had to start again and got another 3 offers. I also pulled out of another house purchase (had a mortgage offer for it) due to timelines caused by my sale issues.

Date	Event
27 Feb 2024	Offer accepted! (Pulled out of previous house 21 Feb due to timelines for my sale).
12 Mar 2024	Santander mortgage application (previous Accord mortgage offer rescinded as new house failed valuation).
18 Mar 2024	Valuation done
25 Mar 2024	Mortgage offer approved!
03 Apr 2024	Go-live with new ad with new EA
22 Apr 2024	Buyer viewing (total 21 viewings)
29 Apr 2024	Buyer offer and AIP (total 3 offers)
2 May 2024	Buyer approved by HA!
8 May 2024	Flat SSTC after AML checks cleared
16 May 2024	Seller queries sent including Title issue
20 May 2024	Buyer mortgage valuation
3 Jun 2024	Leasehold management pack received/buyer queries began
2 Jul 2024	Possessory Title application for purchase house garden land sent to LR expedited
18 Jul 2024	Signed docs sent to solicitor for sale and purchase
TBC???	Possessory Title for purchase house received from LR
10 Aug 2024	Pre-exchange final checks visit (rodent problem check; vacant possession check; electrics and gas okay check)
xx Aug 2024	Target date for exchange
23 Aug 2024	Target date for completion

RHemmings

Good luck with everything @annetheman

Boysmum1964

Good luck and hope it all goes to date. We are also under offer for the second time since going on the market in February. Look hearing how it goes. 

Myci85

Hope you get a date soon. 

We're 9.5 weeks in to our purchase, just waiting final response to enquiries our end, but the vendors pulled out of their first place and are 4 weeks in on their second, so we're a bit ahead of them. Place they're buying is end of chain, and they don't need a mortgage, so hoping it we can start talking about dates soon. 

RHemmings

Good luck @Myci85

Dollhouse123

I remember when I bought my flat this was the thread that taught me so much about the home buying process. I'm now looking to move into a house and just waiting for the results of my mortgage application.

I'll be posting my timeline when I've made more headway 

annetheman

Dollhouse123 said:

I remember when I bought my flat this was the thread that taught me so much about the home buying process. I'm now looking to move into a house and just waiting for the results of my mortgage application.

I'll be posting my timeline when I've made more headway 

Yes, it was the place to be to stay sane hope you make some headway in the right direction very soon!!

My seller's Possessory Title application for unregistered land in the garden has been 'completed' today - yay!

Just trying to understand what that means and how long to get it (Timelines could be anywhere from 1 day to 1 month); waiting for a call from the Land Registry this week. Really nice people, very helpful - they even call you back if you ask them to with an update!


So Land Registry Title timeline is:

02 July - ADV1 application sent to Land Registry
16 July - query sent to senior officer 
23 July - application 'completed' 

On my buyer side, I had the strangest call with my EA also who told me my buyer is renting from 'someone in the community' and it may not be legal and they threatened them to leave on the 23rd August 'or else'. It was just so weird, I honestly didn't know whether to laugh or be very concerned... But at least the update on the Title means we should be completing by then.... No broken legs?!

Awaiting granting of the Title and on to exchange!

annetheman

I've been reading people's timelines and exchange/completion stories on Reddit et al whilst I cry internally, I thought what better place to rant than the old MSE thread!

The Enemy Solicitor has already mucked up the Title application once, had to submit it again, then messed up the spelling of a name so had to respond to a requisition on the second application. Today finally the caseworker decided this new application now needs a site visit by an ordnance surveyor, presumably because they can see the applications have been made by a bunch of unserious clowns.

So, here we are on the 8th August, now waiting for the Land Registry to tell us when they will pop by to view the site, then send a report to the caseworker, who will then review it all and make final enquiries, then maybe possibly decide on the outcome by 22nd September when my mortgage expires.

If the mortgage had been easy to get, I wouldn't be so worried. The problem is this was VERY hard to get. Also, my poor buyer did the rookie mistake of putting in their notice so we were waiting to exchange, now we are just in a Title death loop and I'm going to mentally switch off from it all until end August. 

Reading others' progress to warm my heart.

Because mine is dismal.....:

<skipping the first house and the first sale that fell through from January to February>

27 February - Offer accepted! (Pulled out of previous house 21 Feb due to timelines for my sale).

12 March - Santander mortgage application (previous Accord mortgage offer rescinded as new house failed valuation).

18 March - Valuation done.

25 March - Mortgage offer approved

03 April - Go-live with new ad with new EA

22 April - Buyer viewing (total 21 viewings)

29 April - Buyer offer and AIP (total 3 offers)

2 May - Buyer approved by HA!

8 May - Flat SSTC after AML checks cleared

16 May - Seller queries sent including Title issue

20 May - Buyer mortgage valuation

3 Jun - Leasehold management pack received/buyer queries began

02 July - FR1 application sent to Land Registry
16 July - query sent to senior officer 
23 July - application 'completed' and rejected due to uncertified copies 
25 July - new application posted with original copies
02 August - application review started with LR
05 August - requisition due to misspelt names sent & responded to
08 August - caseworker orders site visit, date TBC

Myci85

Sending you some sympathy, it definitely doesn't sound like it's been easy from the word go. We've been in process for far less time than you (house number 1 started in March, current house in may) but it just feels like we're never actually going to get there. Mortgage issues to begin with with my partner being fixed term contract, then single skin walls being an issue, and now on this house everything is pretty much good to go our end, but our vendors are now onto their 3rd house, just when it felt like we might be close to talking dates! 

Hope you manage to get things sorted in time for your mortgage, or that extending the offer is easier than getting the initial offer was!

badger09

@annetheman
So sorry to hear you’re still having a carp time in the home selling/buying process. I remember you from when we were selling & buying in late 2020 early 2021. Sending +ve vibes to you, and  🚀 or  🧨 as appropriate to those that deserve them.