The NEW waiting to exchange thread...

Sammy_J

marianiamh wrote: »

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

Feeling your pain! Our sellers told us on Sunday that they were now ready to exchange. We transferred our deposit to our solicitor and took out the home insurance ready for the exchange and it didn’t happen. It now turns out the sellers have delayed their solicitor again. We should apparently have an update on Monday but starting to lose hope now.

ShelboBaggins

marianiamh wrote: »

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

Sammy_J wrote: »

Feeling your pain! Our sellers told us on Sunday that they were now ready to exchange. We transferred our deposit to our solicitor and took out the home insurance ready for the exchange and it didn’t happen. It now turns out the sellers have delayed their solicitor again. We should apparently have an update on Monday but starting to lose hope now.

Frustrating isn't it. We were hoping to exchange this week as had been working towards end of Sept completion. Last friday I hear that top of chain have suggested 11th and come Monday I learn that our vendors had also agreed with this despite provisionally booking removals for 4th (found out when tried to use same firm). Our solicitor had experienced problems getting hold of our buyer's solicitor and turns out their solicitor had left the firm so no progress had been made on their side for a few weeks. Thankfully things have notched up a gear this week, however my buyer apparently can't exchange until 2nd Oct but were ok with 11th so no big issue. Got email today via buyer's solicitor requesting us to take out an indemnity insurance policy for the wall between dining room and kitchen which had been opened up probably 30 years ago (at least 2 owners before me), likely didn't need building regs when this happened but at this stage I just want to get things moving rather than quibble over the £50-100 for insurance.

Buyer also asked if washing machine and tumble dryer were to be included despite me stating to the contrary in fixtures and fittings form, said we were open to negotiate if they wanted them, put forward £75 and they said they were willing to make use of them at no extra cost....so why bloody ask us how much!?! I'll leave the washing machine as I bought it when I moved in nearly 17yrs ago :rotfl: but will sell the dryer on to at least get something towards the cost of a newer one.

Fingers crossed exchange goes ahead on Wednesday and we're in our new home in 2 weeks time.

Sammy_J

ShelboBaggins wrote: »

Frustrating isn't it. We were hoping to exchange this week as had been working towards end of Sept completion. Last friday I hear that top of chain have suggested 11th and come Monday I learn that our vendors had also agreed with this despite provisionally booking removals for 4th (found out when tried to use same firm). Our solicitor had experienced problems getting hold of our buyer's solicitor and turns out their solicitor had left the firm so no progress had been made on their side for a few weeks. Thankfully things have notched up a gear this week, however my buyer apparently can't exchange until 2nd Oct but were ok with 11th so no big issue. Got email today via buyer's solicitor requesting us to take out an indemnity insurance policy for the wall between dining room and kitchen which had been opened up probably 30 years ago (at least 2 owners before me), likely didn't need building regs when this happened but at this stage I just want to get things moving rather than quibble over the £50-100 for insurance.

Buyer also asked if washing machine and tumble dryer were to be included despite me stating to the contrary in fixtures and fittings form, said we were open to negotiate if they wanted them, put forward £75 and they said they were willing to make use of them at no extra cost....so why bloody ask us how much!?! I'll leave the washing machine as I bought it when I moved in nearly 17yrs ago :rotfl: but will sell the dryer on to at least get something towards the cost of a newer one.

Fingers crossed exchange goes ahead on Wednesday and we're in our new home in 2 weeks time.

Wishing you all the best! Fingers crossed we all get over the line next week!

Halfie

Joining in the fun and games!

We're waiting to exchange and it's all gone very quiet indeed.

Our timeline:

25th July: AIP received through broker
31st July: Viewed House, put offer in
2nd August: Full mortgage application submitted
5th August: Money taken from bank for application fee and valuation
6th August: Offer withdrawn on property 1 and offer accepted on second house
17th August: Offer withdrawn from second property due to planning permission in place for 40 kennels 1/2 mile from the house
17th August: offer accepted on property 3 (!!!)
17th August: Instructed Solicitors to start work on property 3
20th August: new house details passed to Masthaven and request for increase of lend
22nd - 28th August: Request for additional information from lender
4th September: Enquiries received from our buyer
6th September: Solicitor advised draft contract received, searches have been instructed and queries raised with our vendor's solicitor Fixtures & fittings form received from vendor.
9th September: all answers provided to our solicitor for buyers
17th September: Mortgage offer received

We've had nothing from our solicitors for over 3 weeks even though we have asked them to let us know what enquiries have been raised (as some of these we may choose to overlook depending on their nature). I called them last week as I wanted to know if we needed to wait for them to review the mortgage offer before we accepted and was just told "Have a look and sign if you want to" despite us paying them for a mortgage offer review.

We're really mindful of the fact our buyers are expecting their first baby so want to move things along - anything we can do or does it sound like we are still miles off exchanging?

Jellytot123

Hi all,

Thought I'd join in! We are currently waiting to exchange. We are buying a new build which is ready. It all started in July when we accepted an offer on ours. The mortgage application process was quick using a broker and we had the dip, valuation and formal mortgage offer all within a week!
Since then it feels like forever and we are finally ready to exchange. Our buyer is waiting doe a management pack to come through from her management company for her buyer which we are hoping will be back today so we can all exchange this week.
We have agreed a provisional completion date in 3 weeks time and all parties are happy with this date jist need to get exchanged ASAP. We've been chasing our solicitor at all times and she said we are now jist waiting for our buyer to sort this last bit out with regards to their sale.
I feel like I am walking on eggshells, my stomach is literally in knots all the time and I'm not sleeping through worry! I worry about everything and keep stressing about someone pulling out, mortgage being withdrawn (no new credit or loans etc applied for but £270 but on an exisitng credit card since offer) and now I'm flapping about that causing a problem although everyone tells me not to.
Anyone else feeling so run down with worry over it all? We've had 2 previous house sales fall through due to people pulling out and I just st feel that until we've got those keys so much could go wrong and I can't rest x

Piiiinksocks

I feel a bit of a fraud posting in here, but I won’t really believe we’re waiting to exchange until we’ve actually done it!

We moved last year into rented accommodation, failed to sell our house (2 sales fell through after 7 ish weeks both times. First was an impatient buyer, 2nd was a bad survey). We rented the house, tenants asked to buy (but wanted to pay approx £40k less than market value...) then handed their notice in. We marketed again, accepted an offer mid August and completed last Thursday.

Due to the bad luck, we hadn’t even entertained the idea of house hunting - our purchase fell through last year and we felt devastated. So we started booking house viewings the day we exchanged, nothing really pulled me in but we needed to start the search really. First house was meh, but the second house was amazing. First viewing was Saturday 21st, second viewing on Monday 23rd, first offer accepted on Tuesday 24th. We had the solicitors instructed, AIP and the memo of sale on 25th September.

Everything has now stopped and likely will for a few weeks. We had a few kind & CC to pay off with the proceeds of our sale, so had to wait for that to go through before putting in our mortgage application. The broker (L&C) were going to submit yesterday but apparently their application team has to get some submissions in for some rates that got pulled - ours should be in tomorrow with HSBC which I’ve heard is very quick at the moment.

ShelboBaggins

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.

23/9 - Parties above in chain request 11 Oct completion (provisionally advised 4th Oct). Still trying to get hold of my buyer's solicitor, advised person had left firm and was being reassigned. Vendors agree to indemnity insurance for lack of building regs for extension and chimney breast removal
26/9 - Confirm vendors and party above are ready to proceed
27/9 - Agree to indemnity insurance as request of buyer for internal wall removed by previous owners 30+ years ago due to lack of building regs. Advised that due to buyer's mortgage cannot exchange until 2 Oct
1/10 - Solicitors confirm all parties ready to exchange

So exchange should be happening today, and hopefully I'm just waiting for a phonecall or email from solicitors to confirm this has taken place. In a difficult position as called removals company yesterday as had previously asked them to pencil us in for 11th and they advised that they have now had a confirmed booking for 11th and are expecting another to confirm later that day so might not be able to move us. Was hoping to hear back from them later that evening but called again earlier and they've said that the other party haven't confirmed yet so as far as the see it, it's first come first served so if we're able to email our acceptance form to them once we've exchanged later before the other party so then we're good to go. Would rather not have to go to other removals firms we got quotes from as one had some bad reviews and the other won't remove our stuff from loft despite being a lot more expensive than the other 2.

Waiting patiently.....

ShelboBaggins

ShelboBaggins wrote: »

So exchange should be happening today, and hopefully I'm just waiting for a phonecall or email from solicitors to confirm this has taken place.

Waiting patiently.....

Yay solicitor confirmed exchange took place earlier so all set for next Friday. Also arranging removals via my cousin's partner who has his own company and will be saving us a lot of money hopefully.

Anyone else close to exchange?

Sammy_J

ShelboBaggins wrote: »

Yay solicitor confirmed exchange took place earlier so all set for next Friday. Also arranging removals via my cousin's partner who has his own company and will be saving us a lot of money hopefully.

Anyone else close to exchange?

Wonderful news, congratulations!!! Really pleased for you!

We’re still none the wiser. Sellers still confidently acting as if they’re moving (packing, notifying suppliers etc), but still no positive update on the delay in the daughter’s chain, which is delaying our purchase. Spoke to Estate Agents today and they’re hoping to hear tomorrow. In the meantime we chose to give notice on our flat - silly, I know, but we don’t want to delay the proposed completion date due to the month’s notice we have to give (don’t want both properties for too long). Proposed date of completion is 18th October. If it doesn’t happen then it will be off home to my parents for us and to storage for our things!

Marteebee

Been lurking here for a couple months now so thought I'd chime in with my part! We're FTB and waiting for it all to happen now really!

June 19 - See a few houses, settle on one we like and go for a viewing
02 July 19 - Agree we both like house, book second viewing and phone appointment with Nationwide for mortgage AIP
05 July 19 - Nationwide decline us as I didn't declare a payday loan I had (Completely forgot!)
August 1st - Still sad from rejection, see the house we wanted dropping in price another £5k bringing it more in line with area prices
August 2nd - Call up a mortgage broker and get going on another check (What have I got to lose except credit score?! :P)
August 9th - Call with broker, told chances aren't amazing due to my history but we'll try
August 13th - AIP pops into our inbox! Not an ideal interest rate/terms but we're happy cause at least we have an AIP!
August 14th - Out of the blue, broker phones, has found us a much better deal on better terms. Happy days! Proceed to full offer and we book viewing on the house
August 17th - House Viewing - Happy days, we decide we both like it as much as we did a few months back.
August 21st - 2nd viewing booked for following day
August 22nd - Agree verbal price with seller, knock off another couple grand. (Assuming offer)
August 26th - Full mortgage offer comes through, offer made and accepted and Sold STC!
August 30 - Solicitors instructed
Sep 1 - 27 - Yawn, waiting for sellers pack with the fixtures stuff.
Sep 10th - Surveyor instructed
Sep 26th - Survey completed and given. No large red flags, only bits we knew about already.
Oct 2nd - Pay solicitors to get checks on the go. (Didn't want to pay until seller returned pack)

Sorry for the wall of dates but all happy it's on the go now and staying positive, maybe 4-6 weeks away from the keys! Eek! No chains either side so at least it's not dependent on others!