The NEW waiting to exchange thread...

phoebe1989seb

Ooh, that does sound tantalisingly like progress, Cheery Daff.....let's hope the completion monies aren't an issue!

Janey, I'm not surprised you're feeling stressed - it does seem that good communication goes out the window when buying/selling houses. I'm only glad our buyers, our EA and solicitors have been great. Otoh, the EA marketing the house we're buying have been less than perfect......fingers crossed it all sorts itself out and you can exchange on your preferred date.

Lifeofunmumsy and Aliliva, again why oh why in this day and age is communication so painful in these circs??? Keeping everything crossed for you too!

Natalie, that's awful......hope it all works out.....finally!

Fozziebeartoo, what a PITA - so sorry for you, but as Cheery says, it could all get back on track very quickly, so whilst I know it's easy to say, try not to get too depressed......{{{hugs}}}

Well, I was very shocked to actually receive the draft contract for our purchase in the mail today! Of course with it being a repo, there are all manner of caveats and get out clauses

Nonetheless, it has been signed and returned so with a bit of luck we might be exchanging (and hopefully simultaneously completing) next week! So we won't be parted from the pooches for too long, yay!

Keep the faith everyone x

vicki2221

Aliliva wrote: »

maybe wait and see if this second buyer puts on a higher offer and then what their survey says. Worst case scenario, if even their survey comes back with a less than positive answer, you might want to consider commissioning your own survey and address whichever issue they find.

Thanks for the advice, yes I will do this. If it happens again. Today we got a higher offer in and two more viewings booked for tomorrow. I can't believe how busy it has been with viewings since it went back on. Is was a very different story the end of last year.

Nicola83

So I can finally join this thread!!!
Our timeline:
4th January: Reserved new build property
5th January: Instructed solicitors and began mortgage application with MA
15th January: full mortgage application submitted
17th January : received ATP from H2B
19th January: Valuation carried out
23rd January: Valuation came back at price we're paying
30th January: Barclays requested copy of ATP from H2B, sent over same day.
6th February: received confirmation that we have our mortgage offer!!!

So we're hoping to exchange this week, all our searches have already come back fine, so solicitor is requesting authority to exchange from H2B hopefully tomorrow so we can exchange this week with a proposed completion date of 23rd Feb!!!

phoebe1989seb

vicki2221 wrote: »

Thanks for the advice, yes I will do this. If it happens again. Today we got a higher offer in and two more viewings booked for tomorrow. I can't believe how busy it has been with viewings since it went back on. Is was a very different story the end of last year.

Great news, Vicki......with any luck all that interest will result in a bidding war Either way, what Aliliva says makes a lot of sense and I think it's what we would have done had our buyers not shared the contents of the structural engineer's report with us/they had pulled out......

Nicola, welcome to the thread Wow, that's quick! Makes me wonder whether we should have gone for a new build, rather than a 400+ year old ruin, lol!

Tiglath

No exchange and no idea when it's going to happen. There are now apparently 8 parties in the chain, not 4, and some unknown party upstream still hasn't got the signature from the Residents Association that they need. This is allegedly the only thing holding up exchange. Our buyer's solicitor kicked off because we don't have FENSA certificates for a door and window that the buyer's going to rip out anyway, so to shut him up we've agreed to pay for a £70 indemnity policy. Close to losing patience with the lot of them - I bought beer on the way home. Really don't think we're completing on the 23rd at this rate, and that marks 6 months to the day that our offer was accepted.

phoebe1989seb

Blooming heck, Tiglath, where did those other four parties come from? Don't blame you for losing patience......the FENSA thing tripped us up when we sold the house before last :mad: I'm sure this whole indemnity thing is a con! We thought our brand-spanking, hardwood DG sash windows were covered by our building regs for renovation - turned out they weren't and as it was less than 12 months since fitting, we were told the *specialist* indemnity policy would be around £600!!! Fortunately our buyers (who couldn't give a toss as they loved the windows!) and their conveyancer forgot about it till post completion. We still had to get the insurance as it formed part of the contract, but as 12 months had now passed, we got a *cheapo* policy for £130

[STRIKE]Get sloshed[/STRIKE] Have a beer tonight and hopefully it'll sort itself out tomorrow - after all, you've come this far, the end must be in sight!

Tiglath

phoebe1989seb wrote: »

Blooming heck, Tiglath, where did those other four parties come from?

I have no idea. DH is the one speaking to estate agents and solicitors and never asks the right questions or relays conversations to me in detail; I can't do the talking because I'm busy at work all day, in and out of meetings. Driving me crazy. The longer the chain, the more chance of someone pulling a loose thread. I'm getting to the point where I don't care.

Cheery_Daff

Crikey Tiglath :eek: :eek: I can't imagine a chain that long, what a palaver!

Honestly, it's a surprise anyone ever manages to buy or sell a house :eek:

Tomorrow will be dead on 26 weeks since we had our offer accepted :eek: be nice if we could actually exchange... :rotfl:

Vampyr

FloppyDisk wrote: »

Nathalie that is awful. They need a TripAdvisor website for solicitors.

100% agree with this! :T

I can't believe how difficult it is to find a good solicitor. Over the course of the last 2 month, I've seen the work of 4 different conveyancing solicitors and they've all been shockingly bad!

Cheery_Daff

Touch wood, my solicitor has actually been pretty good, and we've had no trouble with buyers' solicitor. Seller's one seems not quite on the ball sometimes but got everything done - bottom of the chain one seems to have never sold a house before! :rotfl:

Ours was a recommendation, and I'll be recommending him myself as he's actually been ace at communicating all the way through and very sympathetic when various things have gone wrong. That does seem quite rare though!!