The NEW waiting to exchange thread...

emsjune78

Long time lurker here! Finally seem to be close to exchange so feeling brave enough to post a rough timeline and hope I don’t jinx myself:

23/01 accepted an offer on my current property :j

13/02 confirmed buyer is in a position to proceed

16/02 after a mad dash of viewing properties in what felt like an endless blur and losing out on a couple, offer accepted in the next town over on the perfect place! Adjust expectations of exactly where I’m going to live accordingly

20/02 telephone mortgage appointment with current lender (AIP already in place and porting mortgage to avoid early repayment penalty)

06/03 valuation takes place on current property

07/03 valuation takes place on new property and I’m aware that a previous sale fell through at this point as surveyor said may be damp (not worried as has recent damp course and 20 year guarantee as part of full refurb)

08/03 confirmation that valuation on new property is fine and full mortgage offer issued (TSB have been brilliant, no hassle whatsoever) :beer: Still worried about other valuation, what if it’s undervalued etc

09/03 EA rings and ruins weekend, buyers lender won’t lend on your property due to construction type?! :eek:

19/03 above issue finally resolved by my sending in my valuation report from when I purchased the property which shows the construction as stone and brick. EA passed this onto buyers broker. Issue transpired to have been surveyor noting that the same postcode was known to have some concrete construction! Practically every building on the street is different, not a typical residential road. EA says they’re going to report surveyor as the cause unnecessary issues every time they go out. They certainly turned me a bit greyer!

26/3 after every man and his dog going on holiday over Easter, EA rings to confirm that the buyers solicitor has emailed to say they are happy they have everything they need. Mortgage funds to be duly requested. 10th May suggested for completion. Keeping everything crossed!! Onward purchase ready and if I never have to speak to the EA on that side again all the better! :rotfl:He winds me up within seconds!!

Good luck to everyone wherever you are upto in the process. So stressful but so worth it.

Webber28

Hi all
My timeline
20th March, convince husband to move lol
22 & 25 March view the house
26 March make offer
28march offer accepted
29 March arrange survey and instruct solicitor
4 April survey done
11 April searches back
18 April receive contract pack and answers from seller
18 April contract signed and handed back in
18 April, no one seems to know who owns the bloody pavement outside the row we're buying��
Once that is figured out we're good to go. I even knocked on the neighbours door to ask.
Any suggestions??

Webber28

Good luck, I now hate holidays while waiting to sort this out:rotfl:

emsjune78

Waiting for the top of the chain to (hopefully) agree to suggested completion date, please today!! Everything crossed!! Removals provisionally booked and insurance quotes ready to go. Will we exchange today?? I really hope so!

letThemPlay

Hi All,

My timeline so far.

---

2019-04-10
Viewed Property

2019-04-11
Made offer on property
Offer accepted
Request Instruction documentation from solicitor
Contacted mortgage lender for appointment

2019-04-13
Full mortgage application submitted
Survey booked in

2019-04-15
Received Memorandum of Sale

2019-04-17
Send instruction documents back to solicitor with Id documents
Transferred initial payment to solicitor

2019-04-25
Survey takes place

2019-04-26
Received home buyers report

2019-04-27
Received full mortgage offer

---

Now waiting on solicitor to start searches and feed back their opinion from HBR.

It should be a fairly straight forward sale no chain, we're effectively first time buyers (although not technically for HTB), reading this thread is giving me nightmares, I just hope everything goes smoothly.

Kodagirl

Sellers estate agent is saying 2-3 weeks til exchange, today, offer was accepted 2nd March, solicitor wont commit, I should receive report on from solicitor on, hopefully the house we are buying, on Saturday, a cure for insomnia the conveyancer said, did make me chuckle, to read through and check to see if I have and further enquiries.
I’ve signed contract for my sale. Can there be much more? This is all so tedious, and feels so helpless at times. ��
Wishing everyone the best, who is going through this at the mo.

babyblade41

Kodagirl wrote: »

Sellers estate agent is saying 2-3 weeks til exchange, today, offer was accepted 2nd March, solicitor wont commit, I should receive report on from solicitor on, hopefully the house we are buying, on Saturday, a cure for insomnia the conveyancer said, did make me chuckle, to read through and check to see if I have and further enquiries.
I’ve signed contract for my sale. Can there be much more? This is all so tedious, and feels so helpless at times. ��
Wishing everyone the best, who is going through this at the mo.

Try and think roughly12-14 weeks as an average.

Mine was no chain. no finance and still took 13 weeks as a problem occurred that had to go through LR

emsjune78

I’m at 14 weeks today, only three in the chain. Things crop up that need resolving, solicitors communicating between one another does seem painful at times! Easter and people on holiday, bank holidays only equate to extra days lost at the moment :rotfl: Still not exchanged, hit the wine slightly last night! Hoping for a breakthrough today to keep completion next week realistic and me somewhat sane!

chunkytfg

21/10 - AIP
7/11 - Offer accepted on House/ Landlord notified that our plans have changed and asking to be let off the lease(he agreed providing someone can be found)
20/11 - Mortgage application submitted
26/11 - House valuation survey completed
27/11 - Mortgage approved!
28/11 - Solicitor requesting Proof of deposit by way of bank statements.
4/12 - Solicitor sent more info including Fixtures and fittings form and Property info form.
- First round of enquiries letter also sent to sellers solicitor
- Informed searches have been done and awaiting responses plus do we want any of a selection of further searches done.
21/12- more searches back with no response from sellers Sol re equiries
18/01 still no response from sellers Sol regarding searches. EA being asked to chase by our SoL

22/01. Letter from Sol which included copy of title deeds with covenants which were pretty normal except that we have to keep a bush or tree in the front garden at all times!
- Aparently probate is still being applied for and not been granted yet. Once again the EA is proved wrong about the seller! We were told it's all sorted and in place
- Electrical installation survey included in lastest paperwork drop dated 15/01 as original paperwork for work done in 2017 lost. House is 'Unsatisfactory' but list of reasons why is really barely an issue and will take me an afternoon to fix so no problems there.
7/02-Another Email yesterday from our Solicitor stating they are still trying to get a response from the Sellers Solicitor in regards the Enquiries that were sent to them on the 4th December!
19/02- EA for Vendor rings to ask hows it's going. Mention we are getting 'disenchanted' with it and have started looking for alternatives.

EA states that he has spoken to the Vendor to find out whats going on as he couldnt believe probate hadn't been sorted yet. Told me he had originally valued the house 6 months prior to it going up for sale when the guy originally inherited it. Apparently there is also a property in spain he also got and because it's not in the UK he has been arguing over having to pay IHT on the estate hence no probate!

20/02 - Another update from EA. Probate should be dealt with this week and the Vendor want completion by 1st March with exchange by this friday(22nd feb!!!!) as he doesn't want to pay to renew the buildings insurance! Fat Chance of that happening!

His solicitor still hasn't responded to the first round of enquiries from 4th december, we have no contract to sign yet and it'll take a few days to send the money over!

However on the bright side it looks like things are possibly moving in the right direction! albeit slowly! :j:j

Spoke too soon.

27/2 - Solicitor emailed saying finally got a response from sellers Sol but not happy with response especially as not able to provide proof of building reg compliance for windows so wants indemnity policy.

I reckon his could become a sticking point as he 2 weeks ago wanted completion by 1st march so he doesn't have to renew his buildings insurance! :mad:

8/3 - 2 Weeks further along and EA has today got an update that the probate has finally been applied for last week and should be all done next week. No news on the indemnity policy yet.



We are now at just over 18 weeks for a no chain simple easy sale!!!

Now at 21 weeks and 4 weeks since probate was finally applied for only to be told today by our solicitor that there has been complications with the probate application and that they wont even respond to the last enquiries until probate has been granted. EA is about to be told we are happy to carry on with the purchase but until they are actually in a position to sell the house we will go back to looking for alternative houses:mad::mad::mad:

P!ssed off doesn't even begin to describe our feelings at the moment!!:mad::mad::mad::mad::mad:


1/05- 25 weeks and still no progress. Now getting warnings from mortgage lender that application expires and after ringing them no chance of extending it so will need Tom do a full application again!

We've been looking for other houses including a completely different area and my GF seems quite happy with the idea of movingly somewhere else. Seems to be a slightly worse commute for her but socially it work seems better. All means unless the current seller pulls his finger out and completes before 26th may then he's going to need to seriously incentivise us to go through it all again!:mad::mad:

letitbe90

chunkytfg wrote: »

21/10 - AIP
7/11 - Offer accepted on House/ Landlord notified that our plans have changed and asking to be let off the lease(he agreed providing someone can be found)
20/11 - Mortgage application submitted
26/11 - House valuation survey completed
27/11 - Mortgage approved!
28/11 - Solicitor requesting Proof of deposit by way of bank statements.
4/12 - Solicitor sent more info including Fixtures and fittings form and Property info form.
- First round of enquiries letter also sent to sellers solicitor
- Informed searches have been done and awaiting responses plus do we want any of a selection of further searches done.
21/12- more searches back with no response from sellers Sol re equiries
18/01 still no response from sellers Sol regarding searches. EA being asked to chase by our SoL

22/01. Letter from Sol which included copy of title deeds with covenants which were pretty normal except that we have to keep a bush or tree in the front garden at all times!
- Aparently probate is still being applied for and not been granted yet. Once again the EA is proved wrong about the seller! We were told it's all sorted and in place
- Electrical installation survey included in lastest paperwork drop dated 15/01 as original paperwork for work done in 2017 lost. House is 'Unsatisfactory' but list of reasons why is really barely an issue and will take me an afternoon to fix so no problems there.
7/02-Another Email yesterday from our Solicitor stating they are still trying to get a response from the Sellers Solicitor in regards the Enquiries that were sent to them on the 4th December!
19/02- EA for Vendor rings to ask hows it's going. Mention we are getting 'disenchanted' with it and have started looking for alternatives.

EA states that he has spoken to the Vendor to find out whats going on as he couldnt believe probate hadn't been sorted yet. Told me he had originally valued the house 6 months prior to it going up for sale when the guy originally inherited it. Apparently there is also a property in spain he also got and because it's not in the UK he has been arguing over having to pay IHT on the estate hence no probate!

20/02 - Another update from EA. Probate should be dealt with this week and the Vendor want completion by 1st March with exchange by this friday(22nd feb!!!!) as he doesn't want to pay to renew the buildings insurance! Fat Chance of that happening!

His solicitor still hasn't responded to the first round of enquiries from 4th december, we have no contract to sign yet and it'll take a few days to send the money over!

However on the bright side it looks like things are possibly moving in the right direction! albeit slowly! :j:j

Spoke too soon.

27/2 - Solicitor emailed saying finally got a response from sellers Sol but not happy with response especially as not able to provide proof of building reg compliance for windows so wants indemnity policy.

I reckon his could become a sticking point as he 2 weeks ago wanted completion by 1st march so he doesn't have to renew his buildings insurance! :mad:

8/3 - 2 Weeks further along and EA has today got an update that the probate has finally been applied for last week and should be all done next week. No news on the indemnity policy yet.



We are now at just over 18 weeks for a no chain simple easy sale!!!

Now at 21 weeks and 4 weeks since probate was finally applied for only to be told today by our solicitor that there has been complications with the probate application and that they wont even respond to the last enquiries until probate has been granted. EA is about to be told we are happy to carry on with the purchase but until they are actually in a position to sell the house we will go back to looking for alternative houses:mad::mad::mad:

P!ssed off doesn't even begin to describe our feelings at the moment!!:mad::mad::mad::mad::mad:


1/05- 25 weeks and still no progress. Now getting warnings from mortgage lender that application expires and after ringing them no chance of extending it so will need Tom do a full application again!

We've been looking for other houses including a completely different area and my GF seems quite happy with the idea of movingly somewhere else. Seems to be a slightly worse commute for her but socially it work seems better. All means unless the current seller pulls his finger out and completes before 26th may then he's going to need to seriously incentivise us to go through it all again!:mad::mad:

Ouch, just a heads up as someone who is also buying a property and awaiting for probate to be granted, due to changes this year (April 2019) where probate fees are going up, there was a flood of applications of probate prior to this date which has resulted in a backlog at the probate offices. This has turned a typical 2 week turn around time to around 6 weeks (i.e. up to 4 weeks delay). Thought I'd mention it so you can work around this.