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The NEW waiting to exchange thread...

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  • FloppyDisk
    FloppyDisk Posts: 864 Forumite
    Tenth Anniversary 500 Posts
    Has anyone else had a chain free purchase that involved renting on either side? We will need to wait for exchange before we give notice, but if exchange happens just after the day of the month that our contract falls on, we then have an extra two months to pay. Our vendors are also moving into rented so likely to drag their feet to save themselves rent.
    Mortgage Apr 18 £417,894 BTL Mar 18 £162,857
    Mortgage now -- £350,085 BTL now --- £162,668
  • Amanda_Cm
    Amanda_Cm Posts: 168 Forumite
    Vicki, that's great. Fingers crossed!
    Janey, that's sound niiceee!
    Spendinglikemad, the day will come. Don't worry and keep your mind busy with something else but push the solicitor in the same time.
    FloppyDisk, we are in a similar situation. First time buyers. Our vendor is buying the house of his mum without searches and mortgage. She is going to nursing home.
    We have to give notice till 28th of March. I was just wondering if to wait just Exchange to give notice or is better to wait Completion.
  • FloppyDisk
    FloppyDisk Posts: 864 Forumite
    Tenth Anniversary 500 Posts
    At exchange, you should state the date for completion, so there should be no unknowns, we are intending to give notice then and hopefully tie in the completion date to our rental contract. If you wait until completion you are definitely going to have to pay at least a month of extra rent, whereas if you do it at exchange you could time it perfectly and not waste any money, or at least minimise it.

    I guess we will get to exchange and then hope our landlords be willing to negotiate and perhaps do a month's notice but not necessarily on the correct day of the month!
    Mortgage Apr 18 £417,894 BTL Mar 18 £162,857
    Mortgage now -- £350,085 BTL now --- £162,668
  • Amanda_Cm
    Amanda_Cm Posts: 168 Forumite
    Got a call from our solicitor. Vendors is keep changing the completion day. First he said he wants to complete till end of February. Then was 7 of March. Now he says 12th of March witch is Monday.
    If it doesn't happen then, I plan to press him a little bit saying that if we don't exchange by the 23th of March, we will ask him to pay our rent for as long as we have to stay in rented or walk away.
    I think that's fair.
  • Fisa002
    Fisa002 Posts: 145 Forumite
    Does anyone know what happened with Happytails, the original poster and her situation?
  • Solicitor just called me back to say she thinks we should hear back from land registry by Thurs/Friday this week (as they said it may take 17/18 days rather than 15) so will be switching off now until end of the week, nothing more to chase!

    We did reserve a beautiful little puppy as a new addition to our family so we have lots to plan and the week will hopefully go fast

    Keep chasing everyone!!

    SLM
  • Tiglath
    Tiglath Posts: 3,816 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker Debt-free and Proud!
    Due to complete and move in on Monday 12th. Removals firm coming Saturday to do most of it, then back on Monday. We haven't heard from our solicitor since we exchanged on 17th Feb - should I be worried? I'm assuming she's arranging for the release of the mortgage funds etc.
    "Save £12k in 2019" #120 - £100,699.57/£100,000
  • Tootling
    Tootling Posts: 36 Forumite
    Ugh!

    We are nearly there.

    Basic overview...

    House on sale in March last year.

    Got one offer a few weeks in. Turned it down. Regretted it ever since.

    Waited months for another.

    They pulled out just before we'd have been prepared to exchange.

    Back on the market. Chucked estate agent who kept bringing huge families of people and their mothers to view our small 3 bed semi and being surprised when they realised that no 6 people will not be able to fit.

    Found new buyers in november. Yay!

    Intended to go into rental but found a house instead. Got into a chain.

    Two weeks ago we broke our chain by moving out into temp housing situation.

    Now we are waiting to exchange with the house we are buying. But there are all kinds of nigly things.

    We are waiting for an indemnity policy to hopefully come into effect. This could have been sorted out weeks ago but despite back and forth has not.

    Further down the chain the solicitors have been having this argument.

    One says he is waiting for answers from questions. The other days they have already been answered. So they have been back and forth saying this apparently. I thought this had our should have been sorted a week ago. EA seem to come up with a different answer each week. But no they are still basically saying yes i did, no you haven't, yes i did. JUST ANSWER THEM AGAIN!

    And at the very bottom done confusion over fields. Which should be sorted. But every time we phone the EA says oh toys will be sorted out by friday and then it has been sorted out.. and now it hasn't.

    :eek::eek::eek:

    So exchanging any time this week is looking unlikely. Maybe bext week. But the week after our seller is away on a conference so won't be able to do anything.

    Everything is being really annoying! And even on our side of things my OH went on a business trip to Korea and came back 3 days before we had to move. Everything felt mad.

    But now i am here and due to move have no job. So have nothing better to do it than job hunt and phone solicitors abd Estate Agents bugging them likevan incessant flea.
  • Slinky
    Slinky Posts: 11,003 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Fisa002 wrote: »
    Does anyone know what happened with Happytails, the original poster and her situation?


    I've wondered this myself. The last time I checked her profile she hadn't logged in for several months. I do hope things worked out for her in the end.
    Make £2025 in 2025
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    Make £2023 in 2023  Total: £2606.33/£2023  128.8%



  • Fisa002
    Fisa002 Posts: 145 Forumite
    Slinky wrote: »
    I've wondered this myself. The last time I checked her profile she hadn't logged in for several months. I do hope things worked out for her in the end.
    Speaking of the devil they have just posted in awaiting mortgage decision. Apparently, staying put and remortgaging to do current house up x
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