The NEW waiting to exchange thread...

Myci85

Hope all going well on your completion day @booksandbikes.

@annetheman that's fantastic news! Fingers crossed for you no hiccups in the next few weeks. 

We're all moved in now, we're moving from rented to bought, so had a week to decorate the new place, then this week has been trying to unpack whilst simultaneously clean up the rental. Exhausted but very happy in our new home. 😊

booksandbikes

Thanks @Myci85 We are finally in as well. After a long completion day (didn't get the keys until after 3.30pm) we are now in. The house and area are just as we hoped, and now we are just slowly going through all our things and trying to get a bit more organised. I feel like I can finally mentally relax a bit...😊

annetheman

We've had a few really good happy endings in here over the last few weeks! 

Bumping up for anyone who might be starting soon/recently started, though it seems things have really slowed down on the market recently... I remember this thread was so busy when everyone was wondering if they would make it in before Christmas in 2020!

So I am back in a new purchase with a house just 2 minutes walk from the rodent/Title issue/single-skin kitchen house.

**New timeline**

21 Mar 2024 - First viewed as back up to Rodent house; seller sadly died in late March 2024....
23 Sep 2024 - Back on the market with Probate, second viewing.
29 Sep 2024 - Offer made & rejected by seller, counter +£5,000 rejected by me.
22 Oct 2024 - Seller accepts my previously-rejected offer, I dither…
26 Oct 2024 - I pull out of Rodent house after 8 months...
28 Oct 2024 - Offer accepted on Probate house, 4.45% below asking!
28 Oct 2024 - Paid for searches, solicitor re-instructed (sigh!)
29 Oct 2024 - ID checks completed.
31 Oct 2024 - Memorandum of sale sent to solicitors.
31 Oct 2024 - Searches started.
31 Oct 2024 - AIP with Virgin Money at very top of my affordability.

So I'm on my fourth mortgage application of the year. Accepted 3 times, house failed valuation once and expired offer once... Now very nervous this one will be rejected due to so much change in my report recently (paid off 2 big debts, settle mortgage, moved to temp accommodation, etc etc) and it's at the top of my affordability this time, the others were a good £60-80,000 below... I hope to never do this again.

Usual anxiety replaced by a jaded weariness.

But I like this house more and more - just finding it hard to believe it'll happen! Anyway, waiting for exchange with you all (again) - wishing away the weekend so it can be Monday again good luck, everyone!

CherryK87

annetheman said:

We've had a few really good happy endings in here over the last few weeks! 

Bumping up for anyone who might be starting soon/recently started, though it seems things have really slowed down on the market recently... I remember this thread was so busy when everyone was wondering if they would make it in before Christmas in 2020!

So I am back in a new purchase with a house just 2 minutes walk from the rodent/Title issue/single-skin kitchen house.

**New timeline**

21 Mar 2024 - First viewed as back up to Rodent house; seller sadly died in late March 2024....
23 Sep 2024 - Back on the market with Probate, second viewing.
29 Sep 2024 - Offer made & rejected by seller, counter +£5,000 rejected by me.
22 Oct 2024 - Seller accepts my previously-rejected offer, I dither…
26 Oct 2024 - I pull out of Rodent house after 8 months...
28 Oct 2024 - Offer accepted on Probate house, 4.45% below asking!
28 Oct 2024 - Paid for searches, solicitor re-instructed (sigh!)
29 Oct 2024 - ID checks completed.
31 Oct 2024 - Memorandum of sale sent to solicitors.
31 Oct 2024 - Searches started.
31 Oct 2024 - AIP with Virgin Money at very top of my affordability.

So I'm on my fourth mortgage application of the year. Accepted 3 times, house failed valuation once and expired offer once... Now very nervous this one will be rejected due to so much change in my report recently (paid off 2 big debts, settle mortgage, moved to temp accommodation, etc etc) and it's at the top of my affordability this time, the others were a good £60-80,000 below... I hope to never do this again.

Usual anxiety replaced by a jaded weariness.

But I like this house more and more - just finding it hard to believe it'll happen! Anyway, waiting for exchange with you all (again) - wishing away the weekend so it can be Monday again good luck, everyone!

Ooh this is very exciting! I really hope this one works out for you this time. I know it must be really hard to believe it will happen, but perhaps this time it's meant to be, especially if you prefer it to the other one!

Sadly, we lost our buyers after our seller pulled out of their onward purchase due to time constraints for the buyer. Now we are still hoping that our seller finds somewhere (they have a second viewing on a property this weekend) and we are really hoping that we get a buyer for ours. Had one viewing the day after it went back to market, but sadly that prospective buyer found another property that was slightly bigger than ours. We have another prospective buyer coming to view it on Wednesday next week. Just keeping everything crossed.

The problem we have is that we can't really lower the asking price, especially not by 2% to then bump it to the top of the "newest" listings on Rightmove, so it will be way down the search list as it was originally listed on 2nd August. 

Just got to hope that what is meant to be will be. We were also hoping we might be able to complete before the end of March next year before the increase in stamp duty, but unfortunately that looks unlikely now too. Just all so stressful. 

Keeping everything crossed for everyone going through this crazy process! Good luck!! 

annetheman

CherryK87 said:

annetheman said:

We've had a few really good happy endings in here over the last few weeks! 

Bumping up for anyone who might be starting soon/recently started, though it seems things have really slowed down on the market recently... I remember this thread was so busy when everyone was wondering if they would make it in before Christmas in 2020!

So I am back in a new purchase with a house just 2 minutes walk from the rodent/Title issue/single-skin kitchen house.

**New timeline**

21 Mar 2024 - First viewed as back up to Rodent house; seller sadly died in late March 2024....
23 Sep 2024 - Back on the market with Probate, second viewing.
29 Sep 2024 - Offer made & rejected by seller, counter +£5,000 rejected by me.
22 Oct 2024 - Seller accepts my previously-rejected offer, I dither…
26 Oct 2024 - I pull out of Rodent house after 8 months...
28 Oct 2024 - Offer accepted on Probate house, 4.45% below asking!
28 Oct 2024 - Paid for searches, solicitor re-instructed (sigh!)
29 Oct 2024 - ID checks completed.
31 Oct 2024 - Memorandum of sale sent to solicitors.
31 Oct 2024 - Searches started.
31 Oct 2024 - AIP with Virgin Money at very top of my affordability.

So I'm on my fourth mortgage application of the year. Accepted 3 times, house failed valuation once and expired offer once... Now very nervous this one will be rejected due to so much change in my report recently (paid off 2 big debts, settle mortgage, moved to temp accommodation, etc etc) and it's at the top of my affordability this time, the others were a good £60-80,000 below... I hope to never do this again.

Usual anxiety replaced by a jaded weariness.

But I like this house more and more - just finding it hard to believe it'll happen! Anyway, waiting for exchange with you all (again) - wishing away the weekend so it can be Monday again good luck, everyone!

Ooh this is very exciting! I really hope this one works out for you this time. I know it must be really hard to believe it will happen, but perhaps this time it's meant to be, especially if you prefer it to the other one!

Sadly, we lost our buyers after our seller pulled out of their onward purchase due to time constraints for the buyer. Now we are still hoping that our seller finds somewhere (they have a second viewing on a property this weekend) and we are really hoping that we get a buyer for ours. Had one viewing the day after it went back to market, but sadly that prospective buyer found another property that was slightly bigger than ours. We have another prospective buyer coming to view it on Wednesday next week. Just keeping everything crossed.

The problem we have is that we can't really lower the asking price, especially not by 2% to then bump it to the top of the "newest" listings on Rightmove, so it will be way down the search list as it was originally listed on 2nd August. 

Just got to hope that what is meant to be will be. We were also hoping we might be able to complete before the end of March next year before the increase in stamp duty, but unfortunately that looks unlikely now too. Just all so stressful. 

Keeping everything crossed for everyone going through this crazy process! Good luck!! 

Keeping everything crossed for your viewing today @CherryK87, there are many buyers like you and me who are wanting to get things completed before SDLT discount ends, so definitely have hope about finding another one very soon and completing the chain! All the very best of luck!

I have only a minor update - searches coming in thick and fast and going with a new lender. I had a mortgage from Accord before and DIP in place so confident with this application, but the rate is higher. Still, grateful I can afford it and progress is progress!


**New timeline**

21 Mar 2024 - First viewed as back up to Rodent house; seller sadly died in late March 2024....
23 Sep 2024 - Back on the market with Probate, second viewing.
29 Sep 2024 - Offer made & rejected by seller, counter +£5,000 rejected by me.
22 Oct 2024 - Seller accepts my previously-rejected offer, I dither…
26 Oct 2024 - I pull out of Rodent house after 8 months...
28 Oct 2024 - Offer accepted on Probate house, 4.45% below asking!
28 Oct 2024 - Paid for searches, solicitor re-instructed (sigh!)
29 Oct 2024 - ID checks completed.
31 Oct 2024 - Memorandum of sale sent to solicitors.
31 Oct 2024 - Searches started.
31 Oct 2024 - DIP with Virgin Money at very top of my affordability.
04 Nov 2024 - Some searches completed.
05 Nov 2024 - Virgin Money offered less than applied for after hard check DIP.
06 Nov 2022 - AIP with Accord mortgage, full application.
07 Nov 2024 - Accord mortgage valuation booked, surveyor can't use the key (...)
11 Nov 2024 - Accord mortgage valuation re-booked.

6th lender hard check of the year, dear oh dear. The EA's December completion timeline isn't looking so daft at least, I think it might be possible but I am keeping my expectations low after the journey I've had  

To more progress in our final 2 working days of the week! Seems to be going really fast! Good luck everyone!

annetheman

Hi everyone,

Happy Monday 6 weeks before Christmas... Any updates or news from anyone to start the week? Or heard from solicitors what Christmas shutdown might look like for you?

From me: nothing much on Probate house, valuation happened today and contract pack was finally sent to my solicitor. She is working until 23rd December but confirmed the last day to complete* is Friday 20th December. 

*Rodent house has drained any excitement around potential completion dates, but useful to know. Fully prepared to be nowhere near until February, at least... And looking on the bright side, saving + spending time with family!

It does seem like a lot of the spring/summer sales are completing now, judging from all the timelines being posted (mostly on reddit), which is very exciting!

Good luck all for a super productive week ahead, hope any viewings, offers, valuations, queries and any other general pre-exchange faff goes well...!

Edit: mortgage offer approved!

**New timeline**

21 Mar 2024 - First viewed as back up to Rodent house; seller sadly died in late March 2024....
23 Sep 2024 - Back on the market with Probate, second viewing.
29 Sep 2024 - Offer made & rejected by seller, counter +£5,000 rejected by me.
22 Oct 2024 - Seller accepts my previously-rejected offer, I dither…
26 Oct 2024 - I pull out of Rodent house after 8 months...
28 Oct 2024 - Offer accepted on Probate house, 4.45% below asking!
28 Oct 2024 - Paid for searches, solicitor re-instructed (sigh!)
29 Oct 2024 - ID checks completed.
31 Oct 2024 - Memorandum of sale sent to solicitors.
31 Oct 2024 - Searches started.
31 Oct 2024 - DIP with Virgin Money at very top of my affordability.
04 Nov 2024 - Some searches completed.
05 Nov 2024 - Virgin Money offered less than applied for after hard check DIP.
06 Nov 2022 - AIP with Accord mortgage, full application.
07 Nov 2024 - Accord mortgage valuation booked, surveyor can't use the key (...)
11 Nov 2024 - Accord mortgage valuation re-booked.
12 Nov 2024 - Accord mortgage approved.

CherryK87

annetheman said:

Hi everyone,

Happy Monday 6 weeks before Christmas... Any updates or news from anyone to start the week? Or heard from solicitors what Christmas shutdown might look like for you?

From me: nothing much on Probate house, valuation happened today and contract pack was finally sent to my solicitor. She is working until 23rd December but confirmed the last day to complete* is Friday 20th December. 

*Rodent house has drained any excitement around potential completion dates, but useful to know. Fully prepared to be nowhere near until February, at least... And looking on the bright side, saving + spending time with family!

It does seem like a lot of the spring/summer sales are completing now, judging from all the timelines being posted (mostly on reddit), which is very exciting!

Good luck all for a super productive week ahead, hope any viewings, offers, valuations, queries and any other general pre-exchange faff goes well...!

Edit: mortgage offer approved!

**New timeline**

21 Mar 2024 - First viewed as back up to Rodent house; seller sadly died in late March 2024....
23 Sep 2024 - Back on the market with Probate, second viewing.
29 Sep 2024 - Offer made & rejected by seller, counter +£5,000 rejected by me.
22 Oct 2024 - Seller accepts my previously-rejected offer, I dither…
26 Oct 2024 - I pull out of Rodent house after 8 months...
28 Oct 2024 - Offer accepted on Probate house, 4.45% below asking!
28 Oct 2024 - Paid for searches, solicitor re-instructed (sigh!)
29 Oct 2024 - ID checks completed.
31 Oct 2024 - Memorandum of sale sent to solicitors.
31 Oct 2024 - Searches started.
31 Oct 2024 - DIP with Virgin Money at very top of my affordability.
04 Nov 2024 - Some searches completed.
05 Nov 2024 - Virgin Money offered less than applied for after hard check DIP.
06 Nov 2022 - AIP with Accord mortgage, full application.
07 Nov 2024 - Accord mortgage valuation booked, surveyor can't use the key (...)
11 Nov 2024 - Accord mortgage valuation re-booked.
12 Nov 2024 - Accord mortgage approved.

Good news the mortgage was approved! 
We also have some good news in that we managed to resell our flat, again to first time buyers. 

We are now just waiting to hear whether our seller has their offer accepted on a property and the subsequent chain position. Really hoping it doesn't end up being a long chain as it just means so much more can go wrong. 

In the meantime we have been keeping an eye out on the market and even went to view another property which was chain free, but unfortunately nothing we have seen even comes close to the one we have put the offer in on. Just got to hope at this point that the seller does have an offer accepted. Not holding my breath though! 

annetheman

CherryK87 said:

annetheman said:

Hi everyone,

Happy Monday 6 weeks before Christmas... Any updates or news from anyone to start the week? Or heard from solicitors what Christmas shutdown might look like for you?

From me: nothing much on Probate house, valuation happened today and contract pack was finally sent to my solicitor. She is working until 23rd December but confirmed the last day to complete* is Friday 20th December. 

*Rodent house has drained any excitement around potential completion dates, but useful to know. Fully prepared to be nowhere near until February, at least... And looking on the bright side, saving + spending time with family!

It does seem like a lot of the spring/summer sales are completing now, judging from all the timelines being posted (mostly on reddit), which is very exciting!

Good luck all for a super productive week ahead, hope any viewings, offers, valuations, queries and any other general pre-exchange faff goes well...!

Edit: mortgage offer approved!

**New timeline**

21 Mar 2024 - First viewed as back up to Rodent house; seller sadly died in late March 2024....
23 Sep 2024 - Back on the market with Probate, second viewing.
29 Sep 2024 - Offer made & rejected by seller, counter +£5,000 rejected by me.
22 Oct 2024 - Seller accepts my previously-rejected offer, I dither…
26 Oct 2024 - I pull out of Rodent house after 8 months...
28 Oct 2024 - Offer accepted on Probate house, 4.45% below asking!
28 Oct 2024 - Paid for searches, solicitor re-instructed (sigh!)
29 Oct 2024 - ID checks completed.
31 Oct 2024 - Memorandum of sale sent to solicitors.
31 Oct 2024 - Searches started.
31 Oct 2024 - DIP with Virgin Money at very top of my affordability.
04 Nov 2024 - Some searches completed.
05 Nov 2024 - Virgin Money offered less than applied for after hard check DIP.
06 Nov 2022 - AIP with Accord mortgage, full application.
07 Nov 2024 - Accord mortgage valuation booked, surveyor can't use the key (...)
11 Nov 2024 - Accord mortgage valuation re-booked.
12 Nov 2024 - Accord mortgage approved.

Good news the mortgage was approved! 
We also have some good news in that we managed to resell our flat, again to first time buyers. 

We are now just waiting to hear whether our seller has their offer accepted on a property and the subsequent chain position. Really hoping it doesn't end up being a long chain as it just means so much more can go wrong. 

In the meantime we have been keeping an eye out on the market and even went to view another property which was chain free, but unfortunately nothing we have seen even comes close to the one we have put the offer in on. Just got to hope at this point that the seller does have an offer accepted. Not holding my breath though! 

Fantastic news, congrats on securing new buyers! Fingers crossed your reformed chain is indeed very short chain overall, and it bodes really well that you have been able to pull it back together so quickly!

IMO it is a good thing you're keeping an eye out for other options, just looking. You're absolutely right, in the Eng&Wal system, so much can go wrong and collapse -- I realised when I was in my first ever chain earlier this year, having an option B you're interested in is extremely helpful, even if it isn't a patch on option A at first...

My option B has become option why-on-earth-was-this-not-A 8 months later!

Hope you have some good news in the coming few days from your sellers, and best of luck all!

CherryK87

annetheman said:

CherryK87 said:

annetheman said:

Hi everyone,

Happy Monday 6 weeks before Christmas... Any updates or news from anyone to start the week? Or heard from solicitors what Christmas shutdown might look like for you?

From me: nothing much on Probate house, valuation happened today and contract pack was finally sent to my solicitor. She is working until 23rd December but confirmed the last day to complete* is Friday 20th December. 

*Rodent house has drained any excitement around potential completion dates, but useful to know. Fully prepared to be nowhere near until February, at least... And looking on the bright side, saving + spending time with family!

It does seem like a lot of the spring/summer sales are completing now, judging from all the timelines being posted (mostly on reddit), which is very exciting!

Good luck all for a super productive week ahead, hope any viewings, offers, valuations, queries and any other general pre-exchange faff goes well...!

Edit: mortgage offer approved!

**New timeline**

21 Mar 2024 - First viewed as back up to Rodent house; seller sadly died in late March 2024....
23 Sep 2024 - Back on the market with Probate, second viewing.
29 Sep 2024 - Offer made & rejected by seller, counter +£5,000 rejected by me.
22 Oct 2024 - Seller accepts my previously-rejected offer, I dither…
26 Oct 2024 - I pull out of Rodent house after 8 months...
28 Oct 2024 - Offer accepted on Probate house, 4.45% below asking!
28 Oct 2024 - Paid for searches, solicitor re-instructed (sigh!)
29 Oct 2024 - ID checks completed.
31 Oct 2024 - Memorandum of sale sent to solicitors.
31 Oct 2024 - Searches started.
31 Oct 2024 - DIP with Virgin Money at very top of my affordability.
04 Nov 2024 - Some searches completed.
05 Nov 2024 - Virgin Money offered less than applied for after hard check DIP.
06 Nov 2022 - AIP with Accord mortgage, full application.
07 Nov 2024 - Accord mortgage valuation booked, surveyor can't use the key (...)
11 Nov 2024 - Accord mortgage valuation re-booked.
12 Nov 2024 - Accord mortgage approved.

Good news the mortgage was approved! 
We also have some good news in that we managed to resell our flat, again to first time buyers. 

We are now just waiting to hear whether our seller has their offer accepted on a property and the subsequent chain position. Really hoping it doesn't end up being a long chain as it just means so much more can go wrong. 

In the meantime we have been keeping an eye out on the market and even went to view another property which was chain free, but unfortunately nothing we have seen even comes close to the one we have put the offer in on. Just got to hope at this point that the seller does have an offer accepted. Not holding my breath though! 

Fantastic news, congrats on securing new buyers! Fingers crossed your reformed chain is indeed very short chain overall, and it bodes really well that you have been able to pull it back together so quickly!

IMO it is a good thing you're keeping an eye out for other options, just looking. You're absolutely right, in the Eng&Wal system, so much can go wrong and collapse -- I realised when I was in my first ever chain earlier this year, having an option B you're interested in is extremely helpful, even if it isn't a patch on option A at first...

My option B has become option why-on-earth-was-this-not-A 8 months later!

Hope you have some good news in the coming few days from your sellers, and best of luck all!

Thank you! We were so happy to secure the new buyers. Hopefully it all goes smoothly with their lenders and the survey when that's undertaken. 

Yes, definitely going to continue looking at the market and hopefully maybe an option B will crop up for us! 

Really hoping your option B comes to fruition after everything you went through with option A! 

Good luck to everyone going through this crazy process! 

alexscoines

Hope I’m ok to join. Looking for a community who will understand the stress. We first went on the market in Feb, and having lost one purchase (the vendor became unreasonable), we are now on our 2nd. 3 houses in the chain behind us all ready to go.

2 more queries left for our vendor, which look quite simple, so maybe in for Xmas??

Still too scared to start packing..