The NEW waiting to exchange thread...

Sunnyarran

Hi hope u all can help. We are not far from exchanging and done property questioner. Got windows replaced 2015. Double Glazing provider has 10 year guarantee which is transferable. Haven't got physical copy of said guarantee. Also got Fensa certificate supplied with installation of windows. Buyers solicitors now asking for guarantee but explained that I have no physical copy and the installers are one of the biggest in UK. They also have insurance backing if they go out of business. Is there anymore I can do.

Thank u so much. Don't want to lose sale of house

Bluntman_1983

ShelboBaggins wrote: »

Joining the waiting party.

We were expecting a baby and needed more room and had initially hoped to be in our new home before our baby arrived in July (wishful thinking in hindsight!). It took us longer than anticipated to tart house up before putting it on market and then again to receive and accept an offer despite some positive viewings. Our little girl arrived on 10th July, just over 3 weeks after our offer on house we wanted to buy was accepted. Despite the whole process taking nearly 6 months it's not been as stressful as initially thought especially with baby, in fact baby has kept focus away from buying/selling...definitely a lot easier than first time around.

Here's our timeline so far:

10/4 - Our house put on market
13/6 - Viewing and offer made on our house - rejected too low
14/6 - Counter offer accepted £3.5k less than asking price
15/6 - Viewing on purchase property
17/6 - Initial offer £15k less than asking rejected, counter offer at asking price accepted
18/6 - Solicitor instructed for sale/purchase
20/6 - Mortgage application submitted
2/7 - Valuation survey undertaken on purchase property
2/7 - Mortgage offer received
10/7 - Daughter born :beer::j
17/7 - Valuation survey undertaken on our property
23/7 - Call from seller's estate agent advising seller's had pulled out of their purchase due to issues highlighted from survey. Had viewed 2 properties over weekend and put offer on one
31/7 - Title docs, property info, fixtures and fittings received from solicitor for purchase
6/8 - Mortgage deed and declaration received from solicitor
7/8 - Seaches for purchase requested
7/8 - Seller's estate agent advises sellers offer accepted on other house 26/7 and vendor not looking to purchase immediately therefore only 3 properties in chain
19/8 - Searches completed
20/8 - Initial queries from vendor's solicitor received
21/8 - Draft contract and title deed for sale received
27/8 - Documents returned to solicitors
28/8 - Homebuyers survey on purchase property undertaken
5/9 - Further queries from purchaser's solicitor received and responded to
6/9 - Vendor's solicitors respond to additional queries
9/9 - Survey report issued, query re chimney breast removal and whether building regs existed and whether supports conform
17/9 - Chimney breast query raised with vendor's solicitors
20/9 - Vendor's confirm work undertaken prior to their purchase as per extension....assume no further action

We have 3 properties/4 parties in the chain, our buyer is a buy-to-let investor and the party at top of chain have purchased their new property already.

Just awaiting confirmation from my buyer's solicitors that they have no further queries so hopefully all queries in the chain have now been resolved so should be moving to exchange contracts next week. I received contract docs for purchase yesterday and solicitors have advised that sellers at top of chain queried completion for 11th Oct, however the rest of chain were working towards end of Sep and hoping for 4th...negotiations will continue next week...

Very similar to our situation (see post on 17th Sept)! Son (baby #2) born on 16th July. Congratulations on your new arrival! Hope you're enjoying all the nappies!

We're still waiting to exchange.. Hope it will be today or tomorrow and also aiming for completion on the 4th.

All the best with your move.

marianiamh

“
Hi

Stumbled across this forum whilst googling how to get over the waiting to exchange period 😂

Our timeline is as follows:

8th July - Offer Accepted
9th July - Solicitors Instructed
12th July - New AIP as last one was for less borrowing
18th July - All documents sent to MA
19th July - Call to say Survey Booked for 22nd
22nd July - Valuation Survey carried out
22nd July - Text to say mortgage approved subject to valuation
25th July - All documents returned to solicitor and payment made for initial searches

Our vendors are divorcing and we just found out last week that they apparently cannot complete until October - something to do with their current mortgage I think!?

They are happy to exchange quickly though but it’s so frustrating waiting - especially when the property is going to be empty from next month and we have no chain!
Originally posted by marianiamh
”

8th August - all searches back and fine
Throughout August - Everything else returned
11th Sept - TR1 forms had to be done again as the vendors spelt their names wrong!!!
13th Sept - Vendors finally returned their signed contracts.
14th Sept - Bankruptcy check came back with a name the same as mines so had to make arrangement to certify it wasn't me.
16th Sept - certified bankruptcy search that it wasn't me.
17th Sept - Call from EA to say vendors solicitor is good to go
18th Sept - Called my solicitor to see what the hold up was and no response.
20th Sept - Call from EA to say their clients had just given the go ahead to exchange to their solicitor.
20th Sept - Email from my solicitor to say we 'may' exchange today - Fingers crossed but I am not holding my breath!
23rd Sept - Didn’t exchange - delay now from my buyer but apparently should exchange this week!

It’s all so exhausting, I feel like I want to cry!

Frustrating with the house being empty and the promise of a key (off the record) once we’ve exchanged!

marianiamh

Sammy_J wrote: »

Hoping to see a positive update! Did you end up exchanging??

No 😩😩😩

Delay now with my buyers solicitor who hasn’t signed one document but im told again that it should be this week.

marianiamh

Sammy_J wrote: »

Our purchase was moving so fast, I should have known it was too good to be true!

Our sellers are moving in with their daughter who is buying a new home for them all. We were told our purchase was not linked to the daughter’s purchase, that our sellers wouldn’t do anything to hold us up, and they expected we’d complete in September/October.

About 7 weeks after our offer was accepted, our Solicitor told us she was hoping we’d be able to exchange at the end of week commencing 9th September. So, we went into the office, signed all the contracts in readiness and then waited for the week to play out. The 13th came and went and when we chased for a reason, we were told that they don’t want to exchange with us until the daughter does on her home.

It’s such a tricky situation. We have moved quickly so it would have been remarkable if everything had gone to plan. It’s just so disappointing to be told that we’re not in a chain, to find out that we now in fact are 2 months into the process.

We know the daughter’s solicitor has received her searches and was going to raise enquiries but we’ve heard nothing from our solicitor since. We have queried the status of the chain so we can understand how long is it (pretty certain the daughter is selling too), but haven’t received any news on that over a week later. Disappointed!

Our timeline:

13/07 & 15/07: First and second viewings
16/07: Offer made, negotiated and accepted
17/07: Appointed mortgage broker
18/07: Instructed solicitor
22/07: Submitted full mortgage application to Halifax
25/07: Submitted forms and documentation to solicitors
26/07: Mortgage offer confirmed
09/09: All searches and enquiries completed so signed the contracts ready for a hopeful exchange on the 13th

Oh I feel you! We were told similar that we could complete beginning September and similar timeline to you. Then we found out our vendors are tied into their mortgage until 25th October! They can’t port it as they are divorcing! Bloody nightmare all the chasing! X

Kalimero82

Still no sign of a date for completion/exchange!

I was so furious with my lawyer and her lack of communication in the past 2/3 months that now I get an update at least once a week! :cool:

The latest news is that we are waiting for the vendor's lawyers to answer a few more enquiries, including information on some outstanding charges they haven't paid (?!?) and/or are planning to pay at completion. :eek:

The vendor are super-keen to complete this week but I don't see that happening unless (by some miracle) their lawyers provide satisfactory answers to all remaining questions.

I feel that we are very close but now I am so emotionally tired that I just want it done!!

ShelboBaggins

Bluntman_1983 wrote: »

Very similar to our situation (see post on 17th Sept)! Son (baby #2) born on 16th July. Congratulations on your new arrival! Hope you're enjoying all the nappies!

We're still waiting to exchange.. Hope it will be today or tomorrow and also aiming for completion on the 4th.

All the best with your move.

Thanks Bluntman, glad to know I'm not the only crazy one planning a move with a newborn! Congratulations to you too! I'm glad that I'm sorting things out this side of baby as I have a lot more time on my hands being on maternity leave, not that looking after baby isn't challenging enough but it helps distract from the endless nappies and feeds.

It looks like completion will now be 11th for us as much as I pushed for 4th but hoping we'll still exchange this week. Have had quotes for removals yesterday and today and we've opted for full packing/removal service with little one in tow as we don't have anyone to help us. Fingers crossed your exchange goes ahead imminently and all the best too.

Sammy_J

marianiamh wrote: »

Oh I feel you! We were told similar that we could complete beginning September and similar timeline to you. Then we found out our vendors are tied into their mortgage until 25th October! They can’t port it as they are divorcing! Bloody nightmare all the chasing! X

Stick in there, it will happen for us all eventually!

Update from us is that everything now appears to be back on track.

I had a phone call over the weekend explaining that the seller is pulling out of their purchase, but they still want to sell to us and so will be moving into rented. They asked if we could complete on the 15th October but we’ve asked for the 18th as it’s better for us for our work schedules and means a few days less of starting the mortgage and paying our rent at the same time.

I feel so terrible for them that they can’t buy the house they want, and so relieved that they don’t want to lose us. If I do say so myself, we’ve been very good buyers! Ha!

Solicitor phoned this morning to confirm sellers were ready to exchange albeit for completion on the 15th so she was going back to go back to them about the 18th. We’ve transferred our deposit over and taken out the insurance expecting the exchange today and it doesn’t look like it has happened. Really hoping they are happy with the 18th and it happens tomorrow!

Zed19

Hi all, I've been following this thread for a while and thought I'd join in. I'm a FTB and the flat I'm purchasing is chain free.

My current timeline is as follows:
12/08/19 - Viewed Property
11/09/19 - Offer put in
12/09/19 - Offer Accepted
13/09/19 - Solicitor instructed
14/09/19 - Send docs back to Solicitor
14/09/19 - Mortgage Sent off
16/09/19 - Memorandum of Sale received
23/09/19 - Mortgage Valuation
24/09/19 - Mortgage offer received (email)

The property I'm purchasing is a leasehold flat and the property has fallen through on a few occasions for various personal reasons with other buyers (couples breaking up, being made redundant). I've paid for the searches already but my solicitor said they are waiting for the draft contract to be sent over. As the property has fallen through before I thought this would be ready in hand but obviously not.

I don't know if I'm being unrealistic but I'd like everything to be over with by the end of November. At what point do I start to chase people? and do I chase the EA or my solicitor? is it bad to call the seller's solicitor direct?

Any advice would be much appreciated. Thanks in advance

marianiamh

marianiamh wrote: »

“
Hi

Stumbled across this forum whilst googling how to get over the waiting to exchange period 😂

Our timeline is as follows:

8th July - Offer Accepted
9th July - Solicitors Instructed
12th July - New AIP as last one was for less borrowing
18th July - All documents sent to MA
19th July - Call to say Survey Booked for 22nd
22nd July - Valuation Survey carried out
22nd July - Text to say mortgage approved subject to valuation
25th July - All documents returned to solicitor and payment made for initial searches

Our vendors are divorcing and we just found out last week that they apparently cannot complete until October - something to do with their current mortgage I think!?

They are happy to exchange quickly though but it’s so frustrating waiting - especially when the property is going to be empty from next month and we have no chain!
Originally posted by marianiamh
”

8th August - all searches back and fine
Throughout August - Everything else returned
11th Sept - TR1 forms had to be done again as the vendors spelt their names wrong!!!
13th Sept - Vendors finally returned their signed contracts.
14th Sept - Bankruptcy check came back with a name the same as mines so had to make arrangement to certify it wasn't me.
16th Sept - certified bankruptcy search that it wasn't me.
17th Sept - Call from EA to say vendors solicitor is good to go
18th Sept - Called my solicitor to see what the hold up was and no response.
20th Sept - Call from EA to say their clients had just given the go ahead to exchange to their solicitor.
20th Sept - Email from my solicitor to say we 'may' exchange today - Fingers crossed but I am not holding my breath!
23rd Sept - Didn’t exchange - delay now from my buyer but apparently should exchange this week!

It’s all so exhausting, I feel like I want to cry!

Frustrating with the house being empty and the promise of a key (off the record) once we’ve exchanged!

27th September - still not exchanged. They’re now saying next Friday 4th October 😩