The NEW waiting to exchange thread...

LucyR_

Thanks everybody for the greetings and well wishes! Good luck to those waiting to exchange soon!

Apparently our estate agent had contacted the solicitor to discuss exchanging draft contracts before we’d even had the chance to take our ID/documents in, so I’m hoping this will happen ASAP so they can get cracking on the searches and investigating the details of the leasehold. V. Nervous they’ll want to exchange while I’m on holiday. Will need to take a leaf out of all of your books and gently put pressure on to keep things moving I think!

ashe

Amanda_Cm wrote: »

ashe, we got mortgage offer from Nationwide.
We didn't have that communication with our mortgage broker and the credit check was done after the valuation (checked Experian) so I think our mortgage wasn't approved subject to valuation.

Interesting, good to know, thanks!

ashe

Update...New info in bold

23/06 house listed on Rightmove with EA1
20/7 discussed fees with EA1 after reading details on here, revamped rightmove ad completely as their photos were terrible and rewrote the description. EA1 not willing to negotiate on fees, they had overvalued the property for the market and despite us reducing it significantly, still wanted their fixed fee, as is their right I suppose. For the record, their fixed fee was equivalent to 4% of the property value now it had been reduced and we were locked in to a 6 month contract.
15/08 got tired of poor quality viewers EA1 was sending over that had no interest to buy (EA on the day was even saying 'yeah they view all our houses, have done for past 2 years but never offer'!), tried one more time to negotiate a fee and said if not willing to negotiate would price back to their original valuation which wont sell and wait out the contract. No movement on their side, so price increased.

2018
01/12 requested quotes from other EA's, played off the ones we liked best and had the best local presence and negotiated 12 week contract with EA2 for 1.2% fee, due to go live mid Jan
23/1 Ad goes live on Rightmove with new EA2
30/1 first house viewing with new EA2, asking price offer next day
31/1 Solicitors instructed for sale
1/2-9/2 Many, Many house viewings, viewed every house that met our criteria in area we were looking to move to
9/2 first 2 offers rejected, 3rd offer accepted on property with l loads of space that meets all our needs
12/2 meeting our mortgage broker to go through the full application. Previously had an AIP but it had expired but should not be an issue
12/2 solicitors instructed, DIP Accept decision received, only asked for payslips
13/2 Booked Homebuyers survey for thursday. Company has scope for fast turnaround and will get report same day
13/2 Checked my Credit file on Noddle out of interest to find that my 'excellent' credit rating (Never missed any payments, never had any issues getting credit - any credit card I apply for gives me ridiculous limits like 15k) is tarnished by a £67 default on EE!! Had a heart attack. Took out a phone for an ex partner in 2013, she turned it into her name but then defaulted but looks like EE records have it in my name still, at her address. This was all sorted in 2016 with EE assuring me that it wouldnt impact me - was only when I used Noddle rather than Experian that it came to light. Frantic emails and calls to EE. Panic!
14/2 Full mortgage application completed with broker via nationwide, decision Accept, will only relax when we get the offer in full! Broker said if accepted at this stage hes never had it come back with an issue and normally they accept small telecoms defaults anyway.
14/2 Call from EE Credit team, said nothing on my file with experian other than linked address - said yes my info concurs but on callcredit it shows a default, she said let me check and went away for a few minutes, came back and said yes our mistake that, sincere apologies - correction sent to all CRA's to confirm not my default and remove linked address as I have never lived there. said would take 24 hours to remove default, up to 14 days to remove linked address. Relief!
15/2 Homebuyers survey takes place today, report available at some point later in the day. EA called to say Nationwide have been in touch and are going to contact the seller to conduct the valuation (we booked the Homebuyers independently). Hopefully valuation will be quick and we can find out if we can get a concrete offer shortly so we can relax.
If it declines, hopefully we have grounds for appeal if its to do with CRA info.ced and we were locked in to a 6 month contract.

15/2 Homebuyers report received, all clear apart from a few whinges about no mains powered smoke alarms and the fact that boiler is in the loft. Nothing of any concern! relief.

16/2 Our buyers Homebuyers report is back in and I am kicking myself. Volunteered some information in conversation that previous owners put the bathroom window in, he put in report to check for building regs. It's been there 17 years and it didnt come up on my survey, but apparently its needed. Buyer says not a dealbreaker but would like to investigate, he discusses with solicitors and they steer him away from indemnity and he suggests getting council in to sign it off retrospectively. Another thing to stress about!

16/2 Mortgage broker tells us we are approved pending valuation. Still really hoping they don't ask for 3 months bank statements. My partner and I both do a lot of matched betting and always assumed as you make a guaranteed profit there would be no issues so probably our main source of stress has been needing to show statements. We found out this is bad on Jan 31 and havent done any since, so if they ask for 1 months statements we are clear as we can delay a week and give them the latest statement, but if they ask for 3 months game over. Still, broker said they only asked for payslips and hes never had them be requested after that stage, but we will see.

17/2 Nationwide valuation takes place first thing

17/2 Buyer asks if he can come along and look at the window and have a chat, agree he can come tomorrow (sunday)

17/2 Nationwide text at 6PM to say they've received the valuation report and will be in touch soon

18/2 buyer comes and is more than happy with window installation and quality, is going to tell solicitors not a problem at all.

19/2 we are going on holiday to Amsterdam for 4 days - really hoping based on some of the timescales we have seen on here that we might get a mortgage offer Monday or Tuesday (and no statement request!)

Feels like we are almost there but things are never that easy are they lol.

JaneyLouWho

I am intrigued to see what happens today. My seller told me on Friday night that his solicitor had advised him to book removals for Friday 23rd, and had started to draw down his mortgage funds. Unfortunately she didnt think the check with my solicitor whether this was achievable! Hopefully some miracle will occur today that allows my solicitor to confirm my mortgage funds will be available at short notice, the rest of the chain agrees they are ready, and we all exchange this afternoon without a hitch and agree completion on Friday.

It doesnt hurt to dream, does it? :rotfl: Will keep you posted!

Cheery_Daff

:rotfl: good luck JaneyLouWho!

Aliliva

lots of developments in the last three days: the vendors solicitor decided to answer the last two queries and I'm about to post the signed contract. I've already transferred the 10% deposit to my sol, so it's really just a matter of days for exchange!
And we're finally talking dates for completion, but given that I don't want to risk it I suggested it to happen 10 working days after exchange...and in the meantime, I can start some real furniture shopping (aka, daydreaming cause I don't have any money left)

lovehols

Alilva - sounds like exchange is imminent now, fingers crossed.

Good news for us the septic tank survey was well worth the £200 odd as we have negotiated a huge chunk off the asking price. We just had to reduce our borrowing in light of this so the broker is dealing with Barclays and the new paperwork should be with solicitors by Thursday. Hopefully this means we can exchange fairly quickly now as there is nothing else.

Tried to communicate this to solicitor but she never answers the phone. Never spoken to her by phone I've communicated with her voicemail and email so just left her another message.

Cheery_Daff

Ooh, good news lovehols! :j :j We had so many delays with the mortgage before our survey that I'm not sure I could have dealt with having to try to renegotiate at that point Pathetic but there we are Well done you though! :j

Fingers crossed for you too Aliliva :j

Seven days and counting til we move... :eek: Thought I'd be more relaxed once we'd actually exchanged but in actual fact I'm terrified :rotfl: Lived here for 12 years, partner for nearly 30 (!), and we're going from city to rather rural, so lots of changes... :eek:

Fortunately I'm staying out of the packing by virtue of being at work all week

JaneyLouWho

No exchange today, but my solicitor did send off my certificate of title and the mortgage tracker now says its been recieved and apparently -funds are ready for release-. No idea whether they are ready for release by Friday though!!
Still hoping for exchange tomorrow! :T

G.McC

Nationwide valuation is this morning! Fingers crossed it all goes well and we don't have to wait too long before finding out if they'll give us a mortgage offer!