The NEW waiting to exchange thread...

Elika0215

Umm - did Martin Lewis read my post and call the buyers? Two days after posting (following 6 months of delaying tactics) we exchanged contracts!! Completion expected next week.

a1y5on

Waiting to exchange is so frustrating and stressful!

Had our mortgage offer beginning of November and all searches back by the end of November. Enquiries went to our sellers solicitor on 4th December. And they still haven’t replied!!! I ended up doing my own enquiries to try and hurry things along which seemed to work. Until they then raised queries on their related purchase.

Can’t help but think our sellers are trying to delay the process for whatever reason but it’s so frustrating.

Am hoping we manage to exchange/complete within the next two weeks!

Bossypants

Congrats Clarabel and Elika, well done both! :beer:

Good luck a1y5on, you have my commiserations. It's the not knowing which is the worst part. Hope you get there soon!

My buyers' mortgage valuation is booked in for tomorrow. *chews nails*

a1y5on

Thanks Bossypants.

It’ll probably all sort itself quite quickly now but when it’s taking 4 months to move into a house that is empty it gets a little/lot annoying :rotfl:

kernewek

Found this thread really interesting. We're in the process of upsizing from our first house. This is our timeline. Have quite a long chain but so far so good. Fingers crossed.



08/09 - View potential new house.
20/09 - Put our house on market
23/10 - Receive non-proceedable offer of asking price
26/11 - Offer on our house becomes proceedable and accepted.

26/11 - Solicitor appointed

26/11 - Make first offer - Rejected
26/11 - Make second offer
27/11 - Second offer rejected
29/11 - Make third offer - rejected
30/11 - Fourth and final offer submitted
6/12 - Offer accepted
8/12 - Try to submit mortgage application - but returned to underwriting
17/12 - After lots of back and forth appointment with mortgage advisor at Nationwide
28/12 - Questions from underwriters, responded to and supporting documents sent. Full application submitted.
3/1 - Further documents regarding deposit requested. - Sent
3/1 - Searches requested

8/1 - Further questions from underwriters - responded to
9/1 - Valuation booked
9/1 - Respond to enquiries from buyers solicitor
11/1 - Information received from sellers solicitor and enquiries raised
15/1 - Valuation takes place
15/1 - Mortgage offer issued.
16/1 - Informed chain moving along nicely. All either ready or nearly ready to exchange.

diggingdude

Can I join the party?

Hoping this property doesn't fall through like ones in the past. Noting these down so I can monitor the process

5th Jan - View four houses, suspected two are owned by same person
8th Jan - submit offer
8th Jan - offer rejected, new offer submitted
9th Jan - Call estate agent as not heard anything. Estate agents admit offer not passed on :mad:
9th Jan - Call back, can I raise extra £500 - No, point out work needed which I likely won't do regardkess :rotfl:
9th Jan - offer accepted
10th Jan - complete paperwork with solicitor, book in mortgage application for 14th
11th Jan - pop over to house, notice randoms in driveway, panic
12th Jan - remind estate agents to take house off market, this is done, feel better
14th Jan - Sit through mortgage application, all looks ok
16th Jan - print off and send stuff mortgage company wants.

Just hope it goes through

Chimpy9

a1y5on wrote: »

Waiting to exchange is so frustrating and stressful!

Had our mortgage offer beginning of November and all searches back by the end of November. Enquiries went to our sellers solicitor on 4th December. And they still haven’t replied!!! I ended up doing my own enquiries to try and hurry things along which seemed to work. Until they then raised queries on their related purchase.

Can’t help but think our sellers are trying to delay the process for whatever reason but it’s so frustrating.

Am hoping we manage to exchange/complete within the next two weeks!

We’re on a similar timeline to you, we’re waiting on our sellers answers to enquiries and title and our buyers solicitor doesn’t appear to be on the ball. My solicitor has had to send him stuff twice.

Finchy2018

12 Dec - offer accepted
17 Dec - Instructed solicitor
2nd Jan - mortgage application submitted
4th Jan - mortgage val
7th Jan - mortgage offer recieved
16th Jan - Contract and searches received - requested completion of w/c 4th Feb,

I think we'll miss the cut off for serving notice this month, but will be signing and returning contracts tomorrow and sending over the deposit monies.

We're so close to the finish line (although this is how far we go last time except it took 2 months to get here to be told the top of the chain decided to switch houses and start over with their process)

mooma29

I’m still sitting here twiddling my thumbs. I’m a tiny bit suspicious my buyer has cold feet even though he has begged and pleaded with us to stick with him for 6 months while he sorted his financial life out. Came for another viewing at the weekend and suddenly realised the house is ex la. And therefore some of the neighbours are council tenants. I get that’s a no no for some people but really having visited four times, considering the size of the house for the money and basically it’s address how could you not realise that? He does live in the same city by the way not from some distant town or something. He claims his solicitor hasn’t sent him the paperwork yet but I don’t know if I believe him or not. More nail biting and insomnia for me till my ea gets to the bottom of it. Assuming I eventually sell this blooming house I am never ever moving again. I don’t care how feeble I become I will just live in one room like a hermit ��

hobnobgti

First time poster in here but thought I'd occupy myself with this to keep my mind off it for a bit

Timeline:-
4/1 - View house, offer made that evening and accepted
9/1 - Mortgage application submitted. All done online and approved pending valuation by afternoon
11/1 - Valuation completed and satisfactory
14/1 - Homebuyer report and mortgage offer received. Solicitor instructed

Having had regular news its now the waiting game to hear back re searches and other conveyancing bits. Agent originally said we're looking at early March completion so I hope that sticks (if that sounds realistic? Chain free)