The NEW waiting to exchange thread...

Z3DD3Z

Hi all,


very much enjoyed reading the whole thread, it has been great in helping my anxiety but also feel like I have been on a journey with you all. Nearly there on the exchange but.......


I have just seen a letter from my solicitor's to the Bank re some contract issues, there is one that really worries me,


"Please note that the lease contains a clause stating that when the property is sold an
Assignment Fee in the sum of 0.25% of the sale price is payable to the management company"


is this a normal clause, seems a bit excessive to me? do you think I will be successfully able to negotiate this to be taken out?


Many thanks


Z

diggingdude

Exchanging tomorrow with completion next Wednesday. Woohoo

Olliejoe

And the wait continues......

Nearly been 3 weeks since we were ready to exchange.

letitbe90

letitbe90 wrote: »

So mortgage went through, solicitors have started searches. I have taken a risk and did these before the top of the chain was confirmed. I was told the top would be looking to buy but might rent. Two weeks on, I have today heard they were not willing to vacate yet and still looking today so this means still no chain confirmed.

I really like the house so I am willing to take risk that my side being complete will

a) encourage someone to break the chain
b) not get gazzumped or otherwise, hoping the vendor will see as as dead serious buyers, enough to not make them not reconsider selling to us!

An update, chain is now complete :T. The vendor decided to pull out of purchasing that house and now buying another property which is chain free instead.


Hoping to exchange in the coming month.

JadeC93

Olliejoe wrote: »

And the wait continues......

Nearly been 3 weeks since we were ready to exchange.

We are in the same position! 3 weeks since we were ready to exchange and still waiting for the rest of the chain to catch up.. only 3 of us in this chain!

Olliejoe

JadeC93 wrote: »

We are in the same position! 3 weeks since we were ready to exchange and still waiting for the rest of the chain to catch up.. only 3 of us in this chain!

Our purchase is chain free. Our Vendors are still looking for rental accommodation. We have to complete by 3rd of May but need 4 weeks between exchange and completion so we can give our notice on our rental house.

Jacquelyne

Hello all. I’m buying a place with my other half and we are hoping to exchange on Friday this week with completion on 29th March.

He is a first time buyer but I’m not so I’m a little bit more experienced than he is with regards to buying and selling houses. I have been handling most of the paperwork and admin side of things but I’m starting to feel very nervous now, thinking that maybe I have forgotten to do something important that will mean we can’t exchange on Friday! :eek:

PrettyKittyKat

PrettyKittyKat wrote: »

We are *hopefully* close to exchange now. Our buyers have sent everything back then the solicitors mentioned they needed their help to buy isa closing statements. The buyers hadn't been instructed to close them yet, so did this straight away. They have one closing statement so hoping the other has come yesterday so they can send it over, then hopefully we can exchange. Completion date has been agreed as 29th March.

For those that have exchanged - we have been told to arrange buildings insurance from date of exchange with the mortgage company listed as joint policyholder or with an interest registered. I have tried doing a quote online using a comparison website and can't see how to put the mortgage company as a joint policyholder/register their interest. Does anyone know the best way to do this? Do you have to go direct with the insurer rather than use a comparison site?

Our buyers provided the closing statements then the solicitor suddenly made them aware that the scanned copies of the contract were not sufficient and they needed to send the originals - not sure why they didn't tell them this the week before! i got abit firm with the estate agents and said that they need to get the solicitor to check things properly (it's an inhouse one) to make sure that nothing else is outstanding, it's so frustrating for the piece of information needed to be provided and then hear 'Oh and we also need...'!!!! Everything should be with the solicitor tomorrow so hoping for a Thursday exchange day, or definitely on Friday!

Angelschild

Hi, new to this thread, am now officially in the waiting to exchange thread!! (well assuming nothing wrong in my mortgage offer!!)


Timeline thus far:
9th Feb - house viewed
11th Feb - first offer made - refused
11th Feb - second offer made
13th Feb - offer accepted
14th Feb - solicitor instructed
28th Feb - initial searches conducted
08th Mar - confirmation full application has been submitted (to Accord)
12th Mar - Valuation takes place
20th Mar - confirmation full offer in the post

Benzanna

09/10/18 Applied for shared ownership 2 bed house
09/10/18 Assessed by Financial adviser for affordability
09/11/18 Agreement in principle received from bank (Via FA)
15/11/18 Allocation offered from Housing Association (after council allocated to me from a long list of applicants)
22/11/18 Reserved house with HA
22/11/18 Received memorandum of sale
28/11/18 Solicitor appointed
06/12/18 Mortgage offer received
Exchange date was 28/02/19, but HA's solicitors not providing info so extended to 14/03/19, again HA's solicitors delayed and exchange deadline moved to May 15th 2019
Mortgage offer expires end May, so will need an extension.

Originally told completion would be March/April, the a delay to July, then a delay to August, and now it's supposed to be 10th June, but I'm not holding my breath!