The NEW waiting to exchange thread...

TamsinC

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

Amanda_Cm

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.

lmartin87

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.

MrBrindle

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.

Amanda_Cm

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?

michbright

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

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.

JaneyLouWho

We completed today! Finally got there. Thanks for your support all! Now to battle the snow and get moved in :eek:

Exoterror

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.

Amanda_Cm

Congrata Janey! :beer:
Exoterror, Welcome! Do you have some expected dates for completion yet?