The NEW waiting to exchange thread...

[Deleted User]

So, my solicitor said I'd hear from him by COP today, I sent him a nice chaser email & got a bounceback advising he's on holiday :mad:
Called the office and spoke to another solicitor who told me my documents are 'in a pile'.
I asked when they'd be ready, he said I can go pick them up after 5pm... We'll see. :doh:

Loubietoubs

Hi everyone. I’ve found this thread because I feel like I’m really at the end of my tether. I accepted the offer on my house mid February. I’m buying a new build on a shared ownership scheme. So with these schemes they have deadlines they want buyers to adhere to. I feel like I have made everyone aware of this the whole way along. We need to exchange by 11th April or I risk losing the house. Then exchange within 5 days. I go on holiday on the 11th April for 10 days, so really need to complete by 11th April. Solicitors involved have all said yeah that’s fine, we can complete by 5th April. So I really hoping to exchange today. But today I have been told the searches aren’t back until Monday. I was originally told searches were due back this Wednesday just gone, so completion on Friday now is unlikely. It feels like it’s one step forward and ten back. It’s jist me and my 3 children moving, so I am pretty much dealing with all this on my own. I am getting the point where I want to put two fingers up to everyone! The solicitors on my purchase side of things are all ready to go. It’s the buyers solicitors that seem to be dragging their heels! I don’t know whether to pack or not pack. I have no removal company booked. I’m in limbo!! Please someone tell me it gets better!

babyblade41

Loubietoubs wrote: »

Hi everyone. I’ve found this thread because I feel like I’m really at the end of my tether. I accepted the offer on my house mid February. I’m buying a new build on a shared ownership scheme. So with these schemes they have deadlines they want buyers to adhere to. I feel like I have made everyone aware of this the whole way along. We need to exchange by 11th April or I risk losing the house. Then exchange within 5 days. I go on holiday on the 11th April for 10 days, so really need to complete by 11th April. Solicitors involved have all said yeah that’s fine, we can complete by 5th April. So I really hoping to exchange today. But today I have been told the searches aren’t back until Monday. I was originally told searches were due back this Wednesday just gone, so completion on Friday now is unlikely. It feels like it’s one step forward and ten back. It’s jist me and my 3 children moving, so I am pretty much dealing with all this on my own. I am getting the point where I want to put two fingers up to everyone! The solicitors on my purchase side of things are all ready to go. It’s the buyers solicitors that seem to be dragging their heels! I don’t know whether to pack or not pack. I have no removal company booked. I’m in limbo!! Please someone tell me it gets better!

Sadly the joys of house buying.. a good solicitor (not conveyancer) is a godsend but you really are in the lap of the gods.. keep on sticking with it and all will be worth it

Loubietoubs

Thanks for that. I’ve now been told we are going to try to exchange and complete both on Friday! My head has gone. So I have to pack everything even though it could all fall through. Can anyone advise what my plan of action should be?

babyblade41

firsttimeworrywart wrote: »

Hi everyone,

Posted a few times on this thread but looking for a bit of advice now as I'm starting to lose patience... we had an offer accepted on a house 4 weeks ago, we've had our mortgage offer, surveys etc all OK but we are still yet to receive anything from the sellers side as apparently it's taking them so far, 4 weeks, to verify the sellers ID.. I keep chasing but I feel like I'm not getting anywhere.. should I be concerned? Any help much appreciated

What are the agents saying> They would be the ones who know what's happening.
I notice a few of the bigger high street agents have a sales progression team it gets passed to after offer haas been accepted

rescynic

firsttimeworrywart,

have you tried getting in contact with the seller directly? we gave ours a ring last week when we were having issues and things have now started to progress (the titles finally appeared at our solicitors at the end of last week),

might be worth a text/ call to them to say "here's what our side are saying, can you do anything to move it forward"

hope it helps

babyblade41

rescynic wrote: »

firsttimeworrywart,

have you tried getting in contact with the seller directly? we gave ours a ring last week when we were having issues and things have now started to progress (the titles finally appeared at our solicitors at the end of last week),

might be worth a text/ call to them to say "here's what our side are saying, can you do anything to move it forward"

hope it helps

I try not to converse with the vendors after offer as it can come back to bite you further down the line.

If agents aren't offering anything other than what is being said possibly start intimating to the agent due to the slow response, you will now be looking at alternative properties who are proceed able in a more timely fashion
If an ID check has taken 4 weeks then I'd say things are a little awry

manuski

I would not be surprised if many people pull the plug on purchases if we do indeed crash out on the 12th with no deal. High chance of a harsh economic downturn if that is the case which in turn can only negatively affect house prices which have already fallen for the first time in 7 years, If I was selling I would want to be getting things moving as fast as possible in the next few days.

letitbe90

manuski wrote: »

I would not be surprised if many people pull the plug on purchases if we do indeed crash out on the 12th with no deal. High chance of a harsh economic downturn if that is the case which in turn can only negatively affect house prices which have already fallen for the first time in 7 years, If I was selling I would want to be getting things moving as fast as possible in the next few days.

There is no way to crash out without a deal. Even as someone who wouldn't mind no deal, here are the facts


1) The chances of EU refusing an extension is very slim, it is in the interest of the EU to extend it and show EU is too important to give up. In the very unlikely scenario they were not to extend it we would...


2) Have enough people in Parliament to support a withdrawal of article 50 if the choice was no deal Brexit on the 12th of April.

3) If Theresa May decided to go ahead with No deal (most likely she won't but let's assume) and not withdraw article 50 on her own accord, it would trigger an immediate motion of no confidence which will win without a shadow of a doubt. They will then be able to take matters into their own hands, i.e. withdraw article 50.


4) There is a slither of a chance that TM might go through, although extremely unlikely. There are other variations again, which potentially could go through.


The only way no deal happens is not just by sheer accident, but by sheer amnesia or something as silly as to the tune of a significant amount of MP's failing to turn up to their job.

PrettyKittyKat

Well we finally completed on Friday. We accepted the offer on 6th Feb, first time buyers aware we had a deadline of completion by 11th March (set by our seller as we'd had two sales fall through). Sadly my buyers solicitors were poor and we spent a week dealing with their 'I just need the one last document' *get said document from buyer* 'Oh actually I just need the other document now*. We eventually exchanged on 25th March. My solicitors were amazing and super efficient, and they commented how they don't feel it would have completed so quickly without my constant chasing of my estate agents (who were managing the file very poorly!).

We originally put our property up for sale last April and sold within a day, so this has been a long time in the works but totally worth it! I hope you all get good news soon.