The NEW waiting to exchange thread...

Roo89

The saga that is my purchase continues, it'll be 7 months next week since our offer was accepted

The mortgage product expired for vendor 2 and although they applied and were approved for a new product the paperwork won’t arrive with their solicitor until tomorrow, and rather than own up to this and let people know they just dodged calls, as did their solicitor.

On top of that, the top of the chain’s solicitor has suddenly remembered that they need 5 – 10 working days between exchange and completion because of transferring equity from the current house to the new build. So even though they were chasing to exchange Monday and yesterday they wouldn’t actually have been able to complete on the 10th :wall:

Our solicitor is going to try and draw down the funds for us before the 10th so that we can use the 14 days grace period and complete on the 21st

Estate Agent will call tomorrow to confirm this.....

Surrey_EA

studentguy wrote: »

Yup - thing is, it doesn't have to be, it's mostly because people are crap at their jobs.

That can often be the case, equally it is frequently because buyers and sellers are ill prepared, too slow to deal with things, and do not fully understand the process, or understand it perfectly, but go deliberately slowly to suit their own agenda.

Any house sale will only move as quickly as the slowest element, the key is identifying the slowest element and dealing with whatever it might be.

Magnus91

Magnus91 wrote: »

Really hopeful that something will happen this week.

Made direct contact with the seller last week and it makes it so much easier! Just waiting for the buyer's pack from the management agency, which we should have sometime tomorrow :cheesy:

Then I think we can exchange....

The pack was apparently sent over this afternoon! :j

Going to call up my solicitor in the morning to confirm then we're one step closer to the end!

Abi2018

Hi guys, I am just interested to know how long you guys were chasing replies front the sellers solicitors? It is a leasehold so I understand that it takes longer. This is the stage I'm up to now (waiting for the last few) before we exchange but have been waiting a few weeks, I am probably impatient but I am feeling slightly fed up now! There are no chains at all to this sale either so hopefully won't be too long.

TIA

Margot123

Surrey_EA wrote: »

That can often be the case, equally it is frequently because buyers and sellers are ill prepared, too slow to deal with things, and do not fully understand the process, or understand it perfectly, but go deliberately slowly to suit their own agenda.

Any house sale will only move as quickly as the slowest element, the key is identifying the slowest element and dealing with whatever it might be.

So true, the process is dictated by the slowest moving cog.
The cog can run very slowly for a number of reasons: finances, personal situations, Probate sale, even the weather!

[Deleted User]

Update!

Update from the solicitor today.

All enquiries, searches and offer in order. Going in this week to sign mortgage deed with a hopeful exchange next week!

Won't feel happy till its done however!

jaelato1

SG27 wrote: »

17/8 completion of 14/9 agreed, told chain is ready....

23/8 first attempt recieve no response from vendors solictor
24/8 recieve no response
25/8 recieve no response
Bank holiday weekend
28/8 vendors solicitor claims the delay was due to not being able to contact their client. Vendor herself contradicts saying not heard from her solicitor for 2 weeks and been contactable.
29/8 Vendors give authority in the morning! But now apparently vendors vendor have not signed their contracts. This will be done today ready for tomorrow so we are told.
30/8 recieve no response
3/9 contracts signed but at wrong office
4/9 no response
5/9 EXCHANGED!!

Wow what a relief. I never thought that was going to actually happen. Time to relax

Ill post my full sale and purchase timeline when I get a chance to find it. I can honestly day selling and buying a house is one of the most stressful things I've done
5 months of hell!

I have been following your journey. Congratulations!!!:T:T

Trixsie1989

Well done SG!

Anyone else waiting for completion date and just feel a bit in limbo? Can't wait for it all to be settled now, although I know our sol has spoken to lender to confirm funds etc something is telling me not to get excited in case they whip the offer away at the last minute

SG27

Full timeline


28/4 offer accepted on sale
29/4 offer on purchase
03/5 draft contract pack sent from our solicitor
04/5 draft contract recieved from vendor
03/5 valuation on sale
09/5 enquiries raised on purchase
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
30/5 homebuyers survey on our sale .....
31/5 some enquiry responses recieved on purchase
04/6 buyers solicitor insisting on listed building consent for work not requiring LBC!?
15/6 buyers refuse to pay for indemnity, we agree to pay
25/6 EXCHANGED on sale!! Phew...
28/6 building survey on purchase
05/7 remaining enquiries resent after chasing for 3 weeks with no response
25/7 final enquiries replied to
17/8 completion of 14/9 agreed, told chain is ready....
23/8 first attempt recieve no response from vendors solictor
24/8 recieve no response
25/8 recieve no response
28/8 vendors solicitor claims the delay was due to not being able to contact their client. Vendor herself contradicts saying not heard from her solicitor for 2 weeks and been contactable.
29/8 Vendors give authority in the morning! But now apparently vendors vendor have not signed their contracts. This will be done today ready for tomorrow so we are told.
30/8 recieve no response
3/9 contracts signed but at wrong office
4/9 no response
5/9 EXCHANGED!!

hobbeskat

Can I join in? FTB, no chain on either side, offered 30/06. Signed contracts last week but solicitor wants current gas safety cert (it was only expired by 2 days!) So can't exchange until they get it. Completion was set for 28 September.