The NEW waiting to exchange thread...

Cheery_Daff

Amanda, we are four in the chain - seemingly useless first time buyer, our buyer, us, empty house. We sold ours early July and this coming Wednesday it will be dead on half a year (26 weeks) since we had our offer accepted on the new place (9th Aug) :eek: :rotfl:

Taken forever partly because it's got land and useless mortgage broker applied for a mortgage with a building society that explicitly stated they didn't accept as much land as we had (I did mention it and he said not to worry...). Solicitor had to split the title deeds into two before building society would accept - finally had mortgage offer mid November, signed all docs immediately - and the next day the bottom of the chain pulled out and our buyers had to sell again.

I'm very bored of the whole process now and will not be remotely surprised if something else stupid happens over the weekend.. :eek:

Going for a walk past tomorrow with my sister who hasn't seen it yet :j Partly just to make sure it hasn't burned down :rotfl:

Beaker99

Viewed and offered (accepted) last week in Oct.
Solicitor instructed and Mortage broker told to progress 2nd Nov (Accord / Yorkshire BS)
House valued weds 15th, should hear back on Tues. Structural booked for 24th Nov. Stressful times ahead!

House valued ok 20th Nov
Structural survey ok - everything legal, just crap build quality.
Problems around ID from - my mother who's gifted me some money - as with a lot of older people she has no photo ID and all bills in father's name. In the end we scrape together what we can and wheel mother to solicitors to sign docs in person.
Everyone shut down Dec 22nd to Jan 4th
Solicitors wrangle - We pay 'express' fees and solicitor duly turns around our bits in 24hrs, but seller hasn't done the same - more (albeit light) stress. - but worth noting, paying for a fast service only of use if both parties do it!!
Due to exchange Fri 19th Jan, slips due to dodgy answers from the management company director (an odd arrangement where all owners in the cul de sac have a share in the company) - in the end we exchange on the 23rd Jan.
No further complication and picked up keys on 30th Jan.. hooray! !!!

Now knee deep in masking tape and polyfilller... but hey, time to move on to my next MSE forum..

Hope this is a little useful to anyone going through this and GOOD LUCK!!

kezzygirl

Hi everyone, we too are waiting to exchange! Offer accepted 12th December, survey was booked for 9th Jan because of Christmas grrr. Survey has thrown up a few things we are getting quoted for- woodworm, roof slates slipped. Solicitor was awaiting feedback regarding this as to whether they have had work done previously. Tired of awaiting response so went direct to estate agent and asked them to ask vendor if we can arrange quotes. Within 10 minutes I had a call back agreeing. Now organising quotes!!

Exchange feels like a long way off, especially if these bits will be pricey to fix and we ask for money off. I'm worried they won t agree and it will all fall through!!

Amanda_Cm

Cheery Daff, that's a long time! Do you rent right now? Sounds exhausting!
But is almost the end. Is going to be really soon.

Beaker99, that was useful. Thank you. See you in the renovation Mse forum maybe.

Kezzygirl, I was wondering how is going for you. Do you buy some really old house?

A bit of update. I was stressing out about the 3 weeks without answer on enquiries and wrote email to the EA. He answer yesterday to say the vendor is 100% committed and he is buying empty property cash. The problem is that he gave us an address where there is no house for sale on the market. In the same time is saying that different branch of the same real estate company is in charge of the sale. This branch is not really near to the address as well.
I am a bit confused.

Mermaid89

FTB here going for Shared Ownership - Nerve wrecking is an understatement!
Due to us only putting down 10% deposit on the 50% share I've been told our lenders are very limited (i.e one - The Halifax) so feel like we have one shot only at this! Our timeline is:

13/01 - New build viewed
27/01 - New build viewed again, reserved and £500 paid to developers
27/01 - Mortgage broker advised and documents sent
28/01 - Solicitors engaged (but not yet paid for search fees until I know the mortgage is approved)
30/01 - Soft credit checks performed by HBOS
02/02 - Application submitted by mortgage broker
02/02 - Hard checks performed on credit file

I guess now its just a waiting game and hopefully a valuation will be done at some point? I'm impatient and equally excited and terrified.

Has anyone had a an application with Halifax recently and advise how quick they've been from application to valuation?

Vampyr

Still not exchanged. I'm told the middle of my chain will be sorting out their missing funds paperwork this week, though I'll believe it when I see it. This whole process is so stressful.

Vampyr

Cheery_Daff wrote: »

Just spoke to our buyers. Apparently their buyer (bottom of chain) agreed completion date - but didn't realise he had to pay deposit and exchange before that... :mad: He's now had a 'how to buy a house' lecture from estate agent, solicitor has given him details to pay deposit to (did they not do that before, or were they ignored?!), and he'll be paying up over the weekend so we should be set for Monday exchange.

Didn't his solicitor ask for a deposit? Doesn't sound like a likely story to be honest. I only say that because I've had this kind of nonsense explanation from my EA several times. Essentially the hold up gets blamed on someone else in the chain and you have no way of verifying if the explanation is correct or not. The couple of times I have been able to get another answer for the hold up from my solicitor, the explanation has been completely different to the EA's version!

Cheery_Daff

Welcome Mermaid, and good luck!

Walked down the public footpath past the new house today. We'd been assured the freezers full of meat (!) had now been removed - well, it appears they've been removed from the outbuildings - and just thrown on the grass, in full view of the public footpath and with the rotten meat spilling out all over the grass :eek: :eek:

Honestly, what does it take to get people to sort things out properly?! Mr Cheery is livid and talking about refusing to exhange :eek:

Will be on the phone to the solicitors at 9am :mad:

liquoricet

Welcome Mermaid our mortgage application was about a week until we were agreed subject to survey with a confirmation 2 days after the survey. It was with Leeds building society.

Vampyr, sounds like you're in a similar place to us. Fingers crossed!

Cheery, some people are disgusting. Never mind refusing to exchange, I hope they get done for disgusting fly tipping! Yuk.

Hope it gets sorted out!

kezzygirl

Amanda_Cm wrote: »

Cheery Daff, that's a long time! Do you rent right now? Sounds exhausting!
But is almost the end. Is going to be really soon.

Beaker99, that was useful. Thank you. See you in the renovation Mse forum maybe.

Kezzygirl, I was wondering how is going for you. Do you buy some really old house?

A bit of update. I was stressing out about the 3 weeks without answer on enquiries and wrote email to the EA. He answer yesterday to say the vendor is 100% committed and he is buying empty property cash. The problem is that he gave us an address where there is no house for sale on the market. In the same time is saying that different branch of the same real estate company is in charge of the sale. This branch is not really near to the address as well.
I am a bit confused.

It's about 100 years old, ex council house so lots of room!! We sre lucky as there is no chain and the house is empty!. Amanda cm did I read on another thread your buyer found you on fb?!