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The NEW waiting to exchange thread...

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Comments

  • To me surely it's in the solicitors interest to push things through and keep in the case, as they want to get paid at the end of the day on completion.
  • [
    • Accepted offer! We're getting our new house!!!!! :T:rotfl::j
    [/QUOTE]
    brilliant you have had a torrid time with it haven't you. Its also reassuring for the rest of us still here waiting to see it does come to an end eventually:T
  • mooma29 wrote: »
    [
    • Accepted offer! We're getting our new house!!!!! :T:rotfl::j
    brilliant you have had a torrid time with it haven't you. Its also reassuring for the rest of us still here waiting to see it does come to an end eventually:T[/QUOTE]


    Thankyou! I just can't believe we got so far down the line before. Crazy and the bottom of the chain have wasted legal fees and survey fees for nothing!!
  • TamsinC
    TamsinC Posts: 625 Forumite
    Hi, this is a bit unrelated but does anyone know how long on average it is before the first fee (I think it's £360.00) for conveyancing comes out of your account to go to your solicitor to begin the process?


    I had my mortgage offer made from Natwest through a mortgage advisor, they advised the solicitor which was on the Natwest approved list, who sent me out all of the documents to fill in and I returned them via registered mail so I know they got there, it's been two weeks now and I've never heard anything back.


    Although I know the conveyancing period takes many weeks or even months my bank account details were included in the documents so I was just wondering if they'll take the payment via a BACS payment or I would have to issue this amount to them?


    I've emailed to ask them this but had no reply, the solicitor is TMJ based in Hartlepool by the way.


    Many thanks.
    They cant take money from your account unless you set up a direct debit - you need to pay them.
    “Isn't this enough? Just this world? Just this beautiful, complex
    Wonderfully unfathomable, natural world” Tim Minchin
  • TamsinC
    TamsinC Posts: 625 Forumite
    jennhg88 wrote: »
    • House on market - 26 April
    • Accepted offer on house - 22 May
    • Reserved new build - 25 May
    • Full mortgage application in - 31 May
    • Mortgage offer received - 14 June
    • Ready to exchange on purchase - 18 June
    • Enquiries received and answered on sale 14 - 26 June
    • Buyer changed solicitor - 30 June
    • New contract, enquires etc dealt with 13 Jul - 01 Aug
    • Land Registry issue with title plan of sale resolved - 07 Aug
    • Informed ready to exchange on sale 08 Aug.
    • Informed bottom of the chain have now requested survey but will not book it until solicitor returns from holiday on 20 Aug - 09 Aug.
    • Survey for bottom of chain property booked 23 Aug.
    • Bottom of chain buyer requested asbestos survey - conducted 29 Aug.
    • Chaos with bottom of the chain buyer until 05 Sep
    • Put our house back on the market - 06 Sep
    • House valued for part ex - 11 Sep
    • Accepted offer! We're getting our new house!!!!! :T:rotfl::j
    Fabulous news - I bet you are relieved now - many congrats
    “Isn't this enough? Just this world? Just this beautiful, complex
    Wonderfully unfathomable, natural world” Tim Minchin
  • Roo89
    Roo89 Posts: 69 Forumite
    We have exchanged!!! :j:beer::j

    Completing on the 21st and I cannot wait.

    Condensed Timeline

    30th Jan - DIP Approved
    12th Feb - Offer Accepted
    12th April - Ready to Exchange waiting on chain
    13th Sept - EXCHANGED
  • Hi, thanks for replying. Stupidly, my son didn't listen to us, he listened to his fiancee who wanted cheap, cheap, cheap and used an online solicitor!!! DUH! :(
  • Bass_9
    Bass_9 Posts: 151 Forumite
    Roo89 wrote: »
    We have exchanged!!! :j:beer::j

    Completing on the 21st and I cannot wait.

    Condensed Timeline

    30th Jan - DIP Approved
    12th Feb - Offer Accepted
    12th April - Ready to Exchange waiting on chain
    13th Sept - EXCHANGED

    Wow, you've had a long wait from your offer - congrats! :beer:
  • Roo89
    Roo89 Posts: 69 Forumite
    edited 14 September 2018 at 10:15AM
    Bass_9 wrote: »
    Wow, you've had a long wait from your offer - congrats! :beer:

    Yes, there were a lot of issues with our seller's vendor, they pulled out of 2 houses, delayed exchange by not answering enquiries and then lied that they were ready when they didn't have a mortgage offer :wall:

    It's been very stressful and I honestly never plan to move again, but once we're in and unpacked it will have all been worth it

    Detailed Timeline:
    30th Jan - DIP Approved
    10th Feb - First Viewing
    12th Feb - Second Viewing – Offer Made – Offer Accepted
    20th Feb - Mortgage Application Submitted
    27th Feb - Valuation and Home Buyers Survey
    14th March - Mortgage Approved
    12th April - Ready to Exchange waiting on Chain
    18th May - Vendor 3 pulls out of purchase
    13th June - Vendor 3 offer accepted on house
    25th June - Vendor 3 pull out of purchase make new offer on house 3
    3rd July - Chain Complete
    24th August - Attempt to Exchange 1
    28th August - Attempt to Exchange 2
    29th August - Attempt to Exchange 3
    30th August - Vendor 3 confirms no mortgage offer and vendor 4 confirms not ready
    10th September - Apply for emergency 14 day grace period on our Mortgage Offer – Granted
    14th September - Exchanged
    21st September - Complete
  • SG27
    SG27 Posts: 2,773 Forumite
    Just completed! :)

    Just got to wait now for the vendor to let us know they are out so we can go and collect the keys from them.
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