The NEW waiting to exchange thread...

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)

SNIP


24/06- After 8 months of trying to buy this Probate sale we have finally found a house comparable to itin equally terrible condition with equal potential so today we made an offer on it and we now just wait an see what happens. The other house is still officially off the market with us prepared to buy it if it ever becomes available to actually buy but both myself and my GF think both houses are equally good and in the same area so we will just suck up the extra conveyancing costs, start the ball rolling on the new one(assuming we can agree a price) and then the one who exchanges contracts first is the one we buy.

27/06- after trying for 7 months to buy the last house our offer has been accepted on the other house yesterday and Mortgage application is already submitted along with solicitor informed that we are starting the process of buying this house also and to not do any more chargeable work on the other house purchase until we have decided what to do

And so it begins again!:rotfl::eek::beer::j

28/06 - Got my Mortgage applied for yesterday and 10 mins later confirmation that a valuation survey has been booked for today. No hanging like last time. This time i'll be pushing all the way. the Vendor has just had the sale fallen through at the last hour so shouldn't be any reason why we can't get to exchange stage asap.

2/07 - Mortgage valuation done last week and today Mortgage company confirmed all paperwork received and Valuation report acceptable for the house price.

Also phonemail from first house EA saying probate still not granted but now they are just waiting for Oaths to be signed from all the beneficiaries some of whom live in spain and then probate should be granted! Not quite sure whats going on as i'd been told the only person involved in the sale was the brother of the guy who died and now we find out there is multiple people! Thinking the new house is the better choice now though regardless.

8/07 - Confirmation email from Mortgage lender received on friday(5/7) offering us the mortgage we applied for so thats the money sorted just got to sort out the rest of the stuff now.
-Starting our 'being annoying' approach to buying this one today by sending my first email to Solicitor asking if the searches have been applied for and if not why not as they were paid for them a week ago.

17/07- Sellers solicitor finally pulled there finger out and sent over draft contract pack. So after an email thins morning confirmation that searches being applied for today received by my Sol's Assistant.

-Side note- i've discovered if I CC in the Assistant to my emails I generally get a reply within an hour or two but if I only email the Sol herself it takes at least a week!! Useful tip for you all:beer::beer:

6/08 - Email from Solicitor saying seller Sol suggested 15th Aug as completion date. Our Sol replied pointing out that they still haven't replied to our enquiries and our searches still have not come back!!

Catkei

4th May - Viewed property
7th May - First offer made and declined
11th May - Viewed another property
13th May - Second offer on 1st property
14th May - Offer accepted
21st May - Notified by EA that vendors have had their offer accepted and their purchase is no onward chain (yippee)
22nd May - Solicitor instructed
29th May - Mortgage appointment with Nationwide, application submitted
5th June - Valuation done and mortgage offer issued
8th June - Mortgage offer received in post
Then there was all the legal stuff, queries etc. The homebuyers report came back with nothing serious, just recommendation to check electrics but that seems quite common.
7th August - contract and resolution to queries received in post. Suggested completion date 24th August!!

Was admittedly getting antsy earlier last week and started looking around at other properties, but excited now things seem to be moving along again. Off to close our HTB accounts and get someone to witness our signatures!

rococomaiden

16th May - Offer accepted on a property
23rd May - bank valuation 35k under, back to the drawing board! Probably a blessing in disguise as there was water damage to fix...

3rd June - Offer accepted on different property
19th June - valuation successful, mortgage offer received, searches underway
2nd July - Survey date
4th July - Solicitors searches and report received. We have to pay an annual £5 fee to a family and abide by their covenants (!). The fixtures and fittings form was missed...
8th July - The missed form was emailed to us, confirmed all white goods to be included.
10th July - survey received. A few issues to be expected with age of house, decided not to renegotiate.
8th August - after repeatedly chasing the solicitor back and forth she thinks she is ready to exchange today with a view to complete on the 16th (so it would be 2.5 months from offer acceptance to completion which isn't bad I suppose). Keeping fingers crossed today!

Catkei

rococomaiden wrote: »

16th May - Offer accepted on a property
23rd May - bank valuation 35k under, back to the drawing board! Probably a blessing in disguise as there was water damage to fix...

3rd June - Offer accepted on different property
19th June - valuation successful, mortgage offer received, searches underway
2nd July - Survey date
4th July - Solicitors searches and report received. We have to pay an annual £5 fee to a family and abide by their covenants (!). The fixtures and fittings form was missed...
8th July - The missed form was emailed to us, confirmed all white goods to be included.
10th July - survey received. A few issues to be expected with age of house, decided not to renegotiate.
8th August - after repeatedly chasing the solicitor back and forth she thinks she is ready to exchange today with a view to complete on the 16th (so it would be 2.5 months from offer acceptance to completion which isn't bad I suppose). Keeping fingers crossed today!

That's not a bad timeline even with the little hiccup at the start! Some people on here seem to have quite the mare with their purchase and sale - so far it's been 3 months for us, but we've had some delays due to everyone having some annual leave in between. Cross fingers it all works out for you!!

rococomaiden

rococomaiden wrote: »

16th May - Offer accepted on a property
23rd May - bank valuation 35k under, back to the drawing board! Probably a blessing in disguise as there was water damage to fix...

3rd June - Offer accepted on different property
19th June - valuation successful, mortgage offer received, searches underway
2nd July - Survey date
4th July - Solicitors searches and report received. We have to pay an annual £5 fee to a family and abide by their covenants (!). The fixtures and fittings form was missed...
8th July - The missed form was emailed to us, confirmed all white goods to be included.
10th July - survey received. A few issues to be expected with age of house, decided not to renegotiate.
8th August - after repeatedly chasing the solicitor back and forth she thinks she is ready to exchange today with a view to complete on the 16th (so it would be 2.5 months from offer acceptance to completion which isn't bad I suppose). Keeping fingers crossed today!

9th August - Solicitor was unable to contact the sellers solicitor yesterday so could not exchange. however, we finally exchanged this morning :j completion scheduled for next Friday! (I know you are supposed to avoid Fridays, but we are not going to move in until we finish the painting etc. so we don't need to book a removal van yet). I also bought home/contents insurance today and encourage others to remember to do this on exchange day.

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)

SNIP


24/06- After 8 months of trying to buy this Probate sale we have finally found a house comparable to itin equally terrible condition with equal potential so today we made an offer on it and we now just wait an see what happens. The other house is still officially off the market with us prepared to buy it if it ever becomes available to actually buy but both myself and my GF think both houses are equally good and in the same area so we will just suck up the extra conveyancing costs, start the ball rolling on the new one(assuming we can agree a price) and then the one who exchanges contracts first is the one we buy.

27/06- after trying for 7 months to buy the last house our offer has been accepted on the other house yesterday and Mortgage application is already submitted along with solicitor informed that we are starting the process of buying this house also and to not do any more chargeable work on the other house purchase until we have decided what to do

And so it begins again!:rotfl::eek::beer::j

28/06 - Got my Mortgage applied for yesterday and 10 mins later confirmation that a valuation survey has been booked for today. No hanging like last time. This time i'll be pushing all the way. the Vendor has just had the sale fallen through at the last hour so shouldn't be any reason why we can't get to exchange stage asap.

2/07 - Mortgage valuation done last week and today Mortgage company confirmed all paperwork received and Valuation report acceptable for the house price.

Also phonemail from first house EA saying probate still not granted but now they are just waiting for Oaths to be signed from all the beneficiaries some of whom live in spain and then probate should be granted! Not quite sure whats going on as i'd been told the only person involved in the sale was the brother of the guy who died and now we find out there is multiple people! Thinking the new house is the better choice now though regardless.

8/07 - Confirmation email from Mortgage lender received on friday(5/7) offering us the mortgage we applied for so thats the money sorted just got to sort out the rest of the stuff now.
-Starting our 'being annoying' approach to buying this one today by sending my first email to Solicitor asking if the searches have been applied for and if not why not as they were paid for them a week ago.

17/07- Sellers solicitor finally pulled there finger out and sent over draft contract pack. So after an email thins morning confirmation that searches being applied for today received by my Sol's Assistant.

-Side note- i've discovered if I CC in the Assistant to my emails I generally get a reply within an hour or two but if I only email the Sol herself it takes at least a week!! Useful tip for you all:beer::beer:

6/08 - Email from Solicitor saying seller Sol suggested 15th Aug as completion date. Our Sol replied pointing out that they still haven't replied to our enquiries and our searches still have not come back!

8/08 - Searches received from Sol. Nothing odd on t that wasn't already on the other searches from the last house.

9/08 - Email from Sol. Enquiries have been replied to finally and she has gone back to the sellers for more info on one of them. Once thats sorted we can start thinking about exchange and completion!

penguineater

Catkei wrote: »

4th May - Viewed property
7th May - First offer made and declined
11th May - Viewed another property
13th May - Second offer on 1st property
14th May - Offer accepted
21st May - Notified by EA that vendors have had their offer accepted and their purchase is no onward chain (yippee)
22nd May - Solicitor instructed
29th May - Mortgage appointment with Nationwide, application submitted
5th June - Valuation done and mortgage offer issued
8th June - Mortgage offer received in post
Then there was all the legal stuff, queries etc. The homebuyers report came back with nothing serious, just recommendation to check electrics but that seems quite common.
7th August - contract and resolution to queries received in post. Suggested completion date 24th August!!

Was admittedly getting antsy earlier last week and started looking around at other properties, but excited now things seem to be moving along again. Off to close our HTB accounts and get someone to witness our signatures!

I wanna be a lil nosey and ask what the asking price of their house was, and the two offers you gave?


Did you try and low ball slightly?

plantqueen

18/6 - First viewing
19/6 - Second viewing
20/6 - Offer made
21/6 - Offer declined. Seller wants to wait until other viewings completed.
22/6 - Second offer made and accepted!
24/6 - Solicitor instructed.
4/07 - Mortgage application sent.
9/07 - Mortgage offer received!
10/7 - Survey completed.
20/7 - Damp & timber survey done (no issues)
23/7 - EICR flags full rewire needed which was not expected.
1/08 - Reduced purchase price agreed in light of above.
6/08 - Contract and transfer docs signed and posted
8/08 - Get a call from sols to say because our survey flagged risk of Japanese knotweed the Mortgage lender is not happy until this is clarified! Off to book a JK inspection! More money down the drain!
9/08 - ID certification and land reg forms signed and posted
10/8 - Get a call from inspector to confirm no JK! Relief!

Now eagerly waiting for Monday to come hoping to get an exchange date this week. On our side we’re all ready to go hopefully nothing else crops up!

excelwizard

Things have moved on this week for us - searches sent off and draft contract being looked at by our solicitors. We have to be out of our rental in 4 weeks :eek: will it be done in time? I just can't tell. There's no chain on either side but as we all know that's never a guarantee that things will move quickly

Catkei

penguineater wrote: »

I wanna be a lil nosey and ask what the asking price of their house was, and the two offers you gave?


Did you try and low ball slightly?

Asking at the time was 189.950 (it's a 2bed end terrace in a not so expensive area in the SW). But it had been on for 215k, reduced to 200k, then 195k and then reduced again. Had been on the market for 4months. We went in at 180k, was obviously told no! So went up to 185k and it was accepted. In context a mid terrace on same road sold for 185k November last year. We would have gone up to asking, but that would have been max for this particular house.