The NEW waiting to exchange thread...

TamsinC

SG27 wrote: »

And now on the 5th day of attempting to exchange we are told our sellers sellers havent even signed their contract. Supposedly this is happening today and we can try again tomorrow.

Im so tired of this now. I dont even want the house anymore. I think we will give an ultimatum and threaten to pull out. At the moment I feel like pulling out now.

O M G :eek::eek::eek: How can people be SO incompetent -and I would feel like pulling out too. I would issue that ultimatum.

I tell you what, whenever we sell and buy again - I'm going to sell first, go into rented, and then buy

PassingOutInTheParade

TamsinC wrote: »

O M G :eek::eek::eek: How can people be SO incompetent -and I would feel like pulling out too. I would issue that ultimatum.

I tell you what, whenever we sell and buy again - I'm going to sell first, go into rented, and then buy

Don't count on that being any easier either.

I completed on my sale early March this year, had a property lined-up which fell through just 2 days before but didn't want to cause heartache for the chain so carried on.

Managed to get into a rental which is now costing £750 a month plus storage for some furniture.

Had an offer accepted in mid May, and was due to complete within 4-6 weeks. How wrong was I? Due to the seller's solicitor being totally incompetent and poor at communicating, we are still forking out for rental with only a glimmer of hope in sight.

TamsinC

PassingOutInTheParade wrote: »

Don't count on that being any easier either.

I completed on my sale early March this year, had a property lined-up which fell through just 2 days before but didn't want to cause heartache for the chain so carried on.

Managed to get into a rental which is now costing £750 a month plus storage for some furniture.

Had an offer accepted in mid May, and was due to complete within 4-6 weeks. How wrong was I? Due to the seller's solicitor being totally incompetent and poor at communicating, we are still forking out for rental with only a glimmer of hope in sight.

It's basically what we did anyway as we are in rented MOD quarters at the moment - we sold our house first, whilst living in rented in MOD quarters and have now bought. It's been a very long process started mid Jan and will finish when we complete mid Sept. We are a one house chain as well. Cant imagine how we would have coped with all the hold ups etc if we had been trying to sell and buy at the same time. At least all the delays haven't impacted on anything other than time really yes, we are still paying rent here but that doesn't bother us really.

SG27

TamsinC wrote: »

O M G :eek::eek::eek:
I tell you what, whenever we sell and buy again - I'm going to sell first, go into rented, and then buy

Im never doing it again!!

mooma29

SG27 wrote: »

Its odd isnt it. For us we were told everyone was agreed and ready at the end of the week before last. It took us 3 days to get out deposit out of savings and too our solicitor to be ready for exchange. What I dont understand is how can someone get to that position without signing the contract, it just doesn't make any sense. I think we are being lied to for some reason. I just cant work out why?

reading all your stories does make me nervous. I have signed and sent back both lots of contracts, on the same day I got them, and I cant understand why anyone wouldn't, you are right it makes no sense. I think that we are in a 3 house chain. I have FTB and the lady I'm buying from is moving into an empty property (I think.) I've had no problems with PPL so far but reading everyone's stories I wonder if its just a matter of time:( .our hold up is my buyer getting their address corrected on their credit file. they're waiting for it to update, been 3 weeks so far but they cant make the company do it any faster that they do it. Ive been told it can take up to six weeks, so I guess I just have to sit tight for now, but its very frustrating as you all know:rotfl:

bigstevex

Thoughts on timescale for exchange?
We have FTB buying our house and we're buying a house where the sole occupant is moving into rented.
Our sale is well advanced, all searches/questions etc have been sorted, just an outstanding deposit question our solicitor tells me.

The purchase, our solicitor got the draft contract etc and all the searches on friday just gone.

We go on holiday for 3 weeks in ~2 weeks time and want to exchange before we go, are we being realistic?


Failing this, can we sign everything send all the deposits etc to solicitor and say you have permission to exchange? We're contactable, slight time difference on the West Coast usa though

jennhg88

2 weeks and no queries have been raised yet? Unlikely IMO.

bigstevex

jennhg88 wrote: »

2 weeks and no queries have been raised yet? Unlikely IMO.

I think we've accepted the unlikely outcome, still holding onto a slither of hope 2 Weeks and 2 days technically. I checked all the land registry stuff in advance and all looks normal there, no strange covenants etc to query or missing access rights etc and I know they have all the building regs certs etc for the work done to the property too.

jennhg88

bigstevex wrote: »

I think we've accepted the unlikely outcome, still holding onto a slither of hope 2 Weeks and 2 days technically. I checked all the land registry stuff in advance and all looks normal there, no strange covenants etc to query or missing access rights etc and I know they have all the building regs certs etc for the work done to the property too.

You never know what could crop up, what if the certs aren't actually what they said they were for? For example.
Sorry I am a moany old cynic these days :rotfl:

SG27

jennhg88 wrote: »

You never know what could crop up, what if the certs aren't actually what they said they were for? For example.
Sorry I am a moany old cynic these days :rotfl:

I would also say no chance. There will be some enquiries even just about the wording in the contract.

It took us around 3 months to get all our enquires resolved on our purchase!