The NEW waiting to exchange thread...

sukavi2011

Congratulations Hash, hope all goes well. I too have exchanged. complete on 14th sept. Cant wait, have been playing this game exactly a year and had some very stressful times along the way. Started packing last yr until sales/purchase fell through Had 6 days off work last week so started the repacking and thorough cleaning of my house for new buyers. Want that last week go as easy and stress free as poss. Especially as Im working right upto the day before. Only 2 more weekends in the place thats been home for almost 30 years so many memories esp as its been the home my children grew up in too. Sorry getting a bit sentimental now so will stop. Early night i think for rearly start tomorrow to continue sorting,packing, and cleaning. Congrats all others that have exchanged/completed and good luck to all those still waiting x x

enthusiasticsaver

Goodness CarriePopping what a stressful set of circumstances. Not only a PhD deadline and new job but house move as well. Enough to turn anyone to drink

Is there a reason the house has been undervalued - needs work?

hashtagyolo

Surrey_EA wrote: »

Congratulations!

As far as property transactions go, you appear to have enjoyed a pretty straightforward and quick experience.

Yeah, as a first time buyer, was still a rollercoaster ride haha.

juniordoc

Hi all, I'm new to the thread. We had our mortgage application submitted and valuation instructed.
The property is leasehold and we are FTB, seller is chain free. What are the chances of us completing by early December?
Our rental contract has a clause that says we can't end out tenancy for the 2 weeks before or after Christmas, and we really can't afford to pay both mortgage and rent for more than a month! I was hoping for an overlap more like 7-10 days.

trix-a-belle

further to http://forums.moneysavingexpert.com/showpost.php?p=72967796&postcount=129 & http://forums.moneysavingexpert.com/showpost.php?p=72988950&postcount=176
that lender decided no they wouldn't lend as its not built by a big house builder like bovis or persimmon (which is half the reason it appeals to me after nearly 10 years in a persimmon built house) but 'they don't like to turn away mortgage business' despite that was what they were doing and that 'any high street lenders won't lend due to the same reason' (my solicitor did not like that they made untrue statements like that when they found out) and kept trying to keep me on the phone to discuss it even though they couldn't do anything further.
Got the property info form over the following weekend which showed who the current owners are mortgaged with due to an ERC they will be paying which is a lender I am very familiar with due to them providing my previous mortgage so new application submitted, valuation done & offer issued, all with no issues, in under a week over the bank holiday weekend (didn't ask them to accelerate at all) so now just waiting for responses from the sellers and any questions from my purchasers who have also had a nightmare with lenders as their first went on a go slow if not totally awol & so have now swapped and are a little behind my revised application but also should have it all done by this week.

I just want to get moved, may need to pack some plates today to feel like i'm a little closer

tightasagnats

vixki wrote: »

I'm so tired of all this waiting around! Nothing has happened since the 18th for us (when we got searches back)... Our solicitor is waiting on enquiries from the sellers solicitors...and I'm hearing nothing.

We're on a rolling monthly contract with our rent and ideally we want to give our notice this month (period starts on the 13th) but if we don't hear anything by then we can't really.

I know.....why does everything take soooooooooooo looooooooooooooooooooooooooong????

5 weeks now after all else done waiting on one stupid document to be passed around and signed! Ok it's the transfer of freehold, but come on already! Some solicitors just really take the p***.

Arrrrrrrrrrrrrrrgh! Thank the lord we can have a vent on here and console one another. Friends are lovely but they can't maintain an interest in such a slow boring procedure!

Good luck and speedy wishes for all on here :beer:

henrypootle

Joining you all buying a repossession so have 28 days to get everything done!!


So far:


Offer accepted Tues 29/09/17
Mortgage application completed Wed 30/09/17


Popping in to solicitor today with ID, purchase questionnaire and payment for searches
Survey / valuation booked for 12/10/17


Want to get excited but soooo nervous about it all going wrong...


Using a financial advisor who has experience of this so he can do the chasing up of the mortgage side of things

Pulpstar

Lets see...

Sale verbally agreed 28-07
Onward purchase price agreed 31-07
Sale memo formalised 09-08
DIP mortgage (For purchase) applied for 09-08
DIP Accepted (With plenty of headroom...) 10-08
My property surveyed/valued (Whatever our FTB lender required I guess) 15-08 or so (Forgot exact date). No queries raised to my solicitor from this.

Still awaiting full mortgage approval for the moment - building society has asked me what the "Deductions..." are for on my wageslip - (Tax, NIC, student loan, 7.5% pension salary exchange).
Well that's money to keep the country running, money that in theory is my future state pension but in practice is simply national current spend, that's money to pay off my past self's debt & that is money for my future self :rotfl:

User1312

We finally exchanged last Friday! 15 weeks later. It was a probate property, so to previous poster who thought it would be a bit smoother - not necessarily! We found out probate hadn't even been applied for even though we were told it was, and then had to wait weeks for a third party solicitor to remove a claim of the property from the deeds. Complete 11th Sept but not moving until early Oct so a few weeks to get some work done!

toc25

Henrypootle - Wow 28 days! That's very quick, is that even possible? Get your searches started as they can take that long or more. Good luck.