The NEW waiting to exchange thread...

SG27

TamsinC wrote: »

I've tried to scale back my timeline a bit so it isn't so long. I am daring to get excited now after chatting to our broker - Mortgage is a tad complicated as involves a 1 bed holiday let attached to the house so ned a specialised mortgage and also involves Forces help to buy (nothing like the government scheme for new builds), but he is very confident he can get us a good deal, though probably needs to be a holiday let mortgage on a slightly higher interest rate. This is fine. Using his recommended solicitors as well as all forces friendly etc and he is ex forces as well and so if 'looking after his own' so to speak.

Trying to arrange a historic buildings survey as house is 400 years old, they are taking bookings for JULY!!!:eek: But Don't trust the RICS structural survey after having one done on the last house and it being full of !!!! covering language. This one will actually do all it says on the tin. I personally don't think we need it but nw I'm covering my !!!! just in case. Costs a fair bit more than normal but should be worth it.

Congrats to all those exchanging and completing.

Time Scale so far . . . updates in bold
Estate agents instructed for house sale - 31/12/17
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 house 1 20/1/18
Solicitors Instructed 17/01/18
Documents and ID etc to Solicitors 19/1/18
Mortgage application interview - 1/2/18 3 and 1/2 hours of torture
2nd Mortgage application interview - 8/1/18 - ANOTHER 2 hours - gah
Emailed mortgage approval - 26/2/18
Exchanged on the house sale 27/2/18
Completion on house sale 2/3/18
Chasing building survey on house we are buying 6/3/18
Received survey 7/3/18
vendor's solicitor STILL needs to do Deed of Easement 19/3/18 been waiting months now
pulled out of the sale 27/4/18
Offer accepted on house 2 19/5/18
Broker instructed as complicated case, solicitors instructed 21/5/18
EA sees proof of funds and ID check 22/5/18

Just book it in now for as early as you can! Its unlikely it would actually hold anything up you can still get on with all the other legal stuff in the meantime.

Im going from a 300 year old cottage to a boring 1960s semi

SG27

We have received our completion statement and are going to sign our contract Thursday. our solicitor has requested exchange and completion dates from our buyers! Im sure something will go drastically wrong nothing is this straight forward?!

28/4 offer accepted
03/5 draft contract pack sent from our solicitor
03/5 valuation
08/5 buyer mortgage approved!
17/5 searches back, enquiries received and repied to.
22/5 completion statement received, solicitor requested exchange date from buyer!
24/5 appointment to sign contracts

tiny_jackal

My timeline:

- offer accepted 22 Feb
- mortgage in place 1st of March
- searches came back mid-March
- enquiries raised with managing agency 14 of March
- managing agency acknowledged enquiries 5 of May

Currently waiting for answers from managing agency, then we can proceed to exchange. I am doing the conveyancing with one of the big online firms, they seem good so far. I went from anxiety to impatience, now I am kinda losing interest, it's just been dragging on for too long...

lena_halo

Just sitting here anxiously stalking our solicitor's online portal for updates :rotfl:

We are at second enquiry stage with both our sale and purchase. Contract for the sale is signed. Mortgage deed and insurance quote for the Purchase sent through to solicitors last week. Surely we must be close now to thinking about exchange dates...

tiny_jackal

SG27 wrote: »

We have received our completion statement and are going to sign our contract Thursday. our solicitor has requested exchange and completion dates from our buyers! Im sure something will go drastically wrong nothing is this straight forward?!

28/4 offer accepted
03/5 draft contract pack sent from our solicitor
03/5 valuation
08/5 buyer mortgage approved!
17/5 searches back, enquiries received and repied to.
22/5 completion statement received, solicitor requested exchange date from buyer!
24/5 appointment to sign contracts

So quick!!! I am super-envious!! :mad:

SG27

tiny_jackal wrote: »

So quick!!! I am super-envious!! :mad:

Well we aren't there yet! Hopefully your managing agency will get back soon. Thats one whole issue we dont have to worry about.

TamsinC

SG27 wrote: »

Just book it in now for as early as you can! Its unlikely it would actually hold anything up you can still get on with all the other legal stuff in the meantime.

Im going from a 300 year old cottage to a boring 1960s semi

Booked for the 2nd July

We've been living in 1950s rented MOD accommodation for the last 25 years - I was brought up in old characterful properties - the youngest was Victorian, the oldest 1645, Finally going 'home'.

There are charms and advantages with 1960s too.

lena_halo

SG27 wrote: »

28/4 offer accepted
03/5 draft contract pack sent from our solicitor
03/5 valuation
08/5 buyer mortgage approved!
17/5 searches back, enquiries received and repied to.
22/5 completion statement received, solicitor requested exchange date from buyer!
24/5 appointment to sign contracts

So quick! We are already in week 9 since we had our offer accepted and solicitors instructed and ours has been pretty straightforward so far (fingers crossed). You must have some excellent solicitors all round! :beer:

Akahotpot

Got a text saying mortgage pack to be sent to solicitor in next 5 days
Thats everything done just need to wait until sols confirms and I can sign contracts

KL0001

We’re getting there. Updates in bold

28/3 - Estate agents draw up floor plan and photos
28/3 - mortgage AIP
29/3 - 1st viewing before
30/3 - full asking price offer received, we accepted
5/4 - viewed 5 properties, offer on one, accepted after negitiations that evening
6/4 - appoint solicitors, mortgage valuation on property selling
10/4. - mortgage appointment (via phone call)
13/4 - hand deliver paperwork and ID to solicitor
17/4 - mortgage valuation on property buying
23/4 - mortgage approved, draft contract sent to buyers
3/5 - draft contract received from vendors solicitor
4/5 - survey on house selling
16/5 - searches completed on property buying
18/5 - flood report requested
22/5 - received statements and contracts to read through in post.
30/5 - appointment booked at solicitor to sign contracts, unfortunately this was the earliest date we could get, a shame as we’d hoped to exchange by the end of May, but will probably be a bit later now.