PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The NEW waiting to exchange thread...

Options
12942952972993002067

Comments

  • TamsinC
    TamsinC Posts: 625 Forumite
    Well suddenly things have happened - I dropped in to our solicitors office on Thursday to pick up some paperwork and our solicitor popped out to have a quick chat which was very good - she said the buyers were taking liberties and constant asking questions that were answered in the paperwork she had sent. Think she must have had a word with their solicitors and suddenly it's all go and we exchanged today dn complete on the sale on Friday

    Buying wise - looks like we need a deed of possession on a small parcel of land the owner has that isn't listed on the deeds and apparently there is a 6 month backlog for this kind of thing at the Land Registry Office!!! Good job we don't NEED to move in until l December!

    Time Scale so far . . . updates in bold
    Tenants asked us if they could leave house - 26/12/17
    Estate agents instructed - 31/12/17 (then a bit of bother)
    House on market - 10/1/18
    DIP from Nationwide 13/1/18
    Offer received and accepted on our house 17/1/18
    Offer made and accepted on the house we want 20/1/18
    Solicitors Instructed 17/01/18
    Documents picked up and filled in from Solicitor 17/1/18
    Documents and ID returned to Solicitor 19/1/18
    Solicitor composes draft contract & starts local searches - for selling 22/1/17 - for buying ?
    Mortgage application interview - 1/2/18 - 3 and 1/2 hours of going over and over the same stuff - still not finished - they are struggling with the fact that hubby will leave the forces in Dec and go onto a service pension - we can't say what his job or wages will be at that point and so are basing the mortgage application purely on his pension. They can't cope with that and the fact that deductions from his wages NOW won't be applicable in Dec. Head office and underwriters need to be contacted. This is making a compacted issue out of something that is not complicated.
    2nd Mortgage application interview - 8/1/18 - ANOTHER 2 hours going over the same information - they still don't get it but the application is going through.
    Basic surveys done for our purchase - 12/2/18 - nothing untoward found
    various letters and emails from our solicitors - they do seem to be on the ball though I am in contact a leasers twice a week to keep things moving forward.
    Valuation survey for mortgage - 14/2/18
    Chasing mortgage offer - 21/2/18
    Mortgage people see and approve valuation 23/2/18
    Building survey - 23/2/18 - awaiting report
    Emailed mortgage approval - 26/2/18
    Exchanged on the house we are selling 27/2/18
    Completion 2/3/18
    “Isn't this enough? Just this world? Just this beautiful, complex
    Wonderfully unfathomable, natural world” Tim Minchin
  • Tamsin, wow that was quick! Congrats!

    Rwcwilson, witch part of the country is that? Just wondering. Don't have experience with the white goods but it doesn't hurt to ask your solicitor.
  • First post on this thread, we're FTB so this is all a bit new to us. Can't wait to finally get on the ladder!

    Here's our timeline:-

    Start of Feb - Started search... DIP obtained from Nationwide
    2nd/3rd/4th Feb - Various viewings
    6th Feb - First offer... declined!
    7th Feb - Second offer... accepted!
    7th Feb - Full Mortgage App & Instructed Solicitors
    19th Feb - Mortgage Valuation (and Homebuyers Report)
    20th Feb - SMS / Email to say mortgage offer issued
    23rd Feb - Mortgage offer arrived in post
    23rd Feb - Confirmation from EA that chain complete as vendors buying a chain-free property

    So far so good... would be great to get in by end of April but not sure how likely that is.
  • liquoricet wrote: »
    MrBrindle, i had a flaky buyer who kept changing the exchange date. Personally i would refuse to do both in a day, it was suggested and we said no. Very glad we did or we would have lost money on removals.

    I would insist on at least 3/4 days and say it's so you can book removals. That way you can probably provisionally book and cancel if you have to.


    Yes, our solicitor has said that we will not exch/comp on the same day. We are a young family with two daughters under 3 years old, so it'll be far too much stress relying on a one day transaction between all the chains going to plan.

    Hopefully we'll get some news today.
  • Completion day set for 7th of March horay.
    They hope we will be able to exchange Friday.
    We didn't transfer the deposit yet. I was thinking about set up new payee and transfer £1 first but it looks like we don't have time.
    How did you do it? The hole amount or just small amount first to check if received?
  • Today the weather seems to be against us too!

    I signed the mortgage offer yesterday and sent it recorded delivery, but it has not been delivered yet due to the weather. Seller at the top of the chain is pushing for exchange now too...
  • RADDERS
    RADDERS Posts: 241 Forumite
    Part of the Furniture
    Amanda_Cm wrote: »
    Completion day set for 7th of March horay.
    They hope we will be able to exchange Friday.
    We didn't transfer the deposit yet. I was thinking about set up new payee and transfer £1 first but it looks like we don't have time.
    How did you do it? The hole amount or just small amount first to check if received?

    I would do as you suggested and maybe send £10 not £1 as that can sometimes cause problems as some fraudsters try that.
    When the solicitor confirms receipt then send the rest using the same details.
  • We completed today! Finally got there. Thanks for your support all! Now to battle the snow and get moved in :eek:
  • Well, as my mortgage offer has been received today it's time to join this thread. It is such a huge relief to get past the mortgage offer milestone, and we can definitely breathe a little easier now. We are both FTB, and had nothing in particular to worry about for the decision, but until we heard that approval we were just anticipating that something would crop up. Here is our timeline so far:

    Sat 3rd Feb: Offer Accepted.
    Fri 9th Feb: Mortgage Advisor meeting, had provided requested documents beforehand.
    Thu 15th Feb: Mortgage Advisor meeting to make full application. Application made to Virgin Money.
    Wed 21st Feb: Further documentation requested, and sent.
    Thu 22nd Feb: Valuation.
    Fri 23rd Feb: Further documentation requested, and sent.
    Wed 28th Feb: Mortgage offer received.

    Alongside this, our solicitor has completed all of the searches, and is currently waiting to hear back on a couple of enquiries from the vendor's solicitor.
  • Congrata Janey! :beer:
    Exoterror, Welcome! Do you have some expected dates for completion yet?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.