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The NEW waiting to exchange thread...

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  • Chavy89
    Chavy89 Posts: 119 Forumite
    100 Posts Name Dropper
    Well, we did not exchange yesterday.  After being told for the second time that our vendor was ready to go I now find that they have 4 enquiries outstanding on their purchase and although they are still pushing for completion on 25/3 I don't think it'll happen
    Reading your story i feel really bad for you so frustrating whats happening, 
    im waiting for enquirers on the place im buying my solicitor has told me once there back we can proceed to exchange i guess more waiting now   

  • fullofcold
    fullofcold Posts: 148 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Chavy89 said:
    Well, we did not exchange yesterday.  After being told for the second time that our vendor was ready to go I now find that they have 4 enquiries outstanding on their purchase and although they are still pushing for completion on 25/3 I don't think it'll happen
    Reading your story i feel really bad for you so frustrating whats happening, 
    im waiting for enquirers on the place im buying my solicitor has told me once there back we can proceed to exchange i guess more waiting now   

    I think the worst thing is that I work in the arena, and have done (not legal side) for 20 years.  It's almost worse because I know when things should be done and I hate being lied to.
    I am a Protection Adviser. You should note that this site doesn't check my status as a Protection Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • Sncjw
    Sncjw Posts: 3,564 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    So got some paperwork through today. Land registers, the list of items sellers are leaving and general information. 

    There’s nothing to say what date they want to exchange on but I need it to be end of the month if possible. Also need to complete around the 20th of the month but need a month notice for my current flat. The dates are stressing me out as I want to get my money’s worth in the flat rather than pay extra weeks or so money. 
    Mortgage free wannabe 

    Actual mortgage stating amount £75,150

    Overpayment paused to pay off cc 

    Starting balance £66,565.45

    Current balance £58,108

    Cc around 8k. 

  • Chavy89
    Chavy89 Posts: 119 Forumite
    100 Posts Name Dropper
    im just waiting for my enquirers to come back (12 of them raised) they all seem pretty basic and my solicitor has said after they come back we can move on to exchange heres hoping 
  • So my flat Sold STC 11.11.19
    Had offer accepted on the house 22.11.19
    Structural survey done- few issues to look at.
    Mortgage company survey done and offer received same day- beginning of December
    Structural survey issues result in the vendor making an insurance claim to get drain repairs done.
    Repairs done Jan 2020, chasing paperwork for warranty's etc. 
    Flat sale falls through last week after potential buyer being a nightmare for months :( - Flat back on the market. Get an offer in 48hours. Accepted. 
    That buyer then fails ID checks- back on the market.
    House insurance paperwork came through on Friday 13/03 
    Sorting house insurance out for the house, my solicitors ready to go with deposit etc, vendor still being slow sorting out remaining insurance issues. 

    Hopefully last viewing of the house this week, exchange Friday/Complete 27th hopefully... fingers crossed something will happen with the flat in the meantime!! Phew... it's been emotional!

  • fullofcold
    fullofcold Posts: 148 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    ConfusedSeller I feel your pain.  I will keep my fingers crossed for you.
    I am a Protection Adviser. You should note that this site doesn't check my status as a Protection Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • fullofcold
    fullofcold Posts: 148 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Enquiries are going to take weeks to answer - conversations happening whether the gentleman I am buying from will break the chain given covid 19, etc
    I am a Protection Adviser. You should note that this site doesn't check my status as a Protection Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • FtbDreaming
    FtbDreaming Posts: 1,127 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Enquiries are going to take weeks to answer - conversations happening whether the gentleman I am buying from will break the chain given covid 19, etc
    @fullofcold i have everything crossed for you! This covid19 is getting very stressful now isnt it. 

    I haven't heard anything for a week or so but not expecting much to happen fast now with all this going on. 
    Mortgage started August 2020 £69,700
    Mortgage ends Aug 2050 MFW: Aug 2027 
    Current Balance: £58,678
    MFW2020 #156 £723.13
    MFW2021 #26 £1184.71
    MFW2022 #11 £197.87
    MFW2023 £785
    MFW 2024 £528.15

    Determined to make it! 
  • Sncjw
    Sncjw Posts: 3,564 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I am unsure if my sale will be going ahead with this virus. I’ve emailed solicitor for information. I’m worried because if there’s a completion date on the exchange of contracts and we have to self isolate or lockdown then it goes against it. I’ve always wanted a home and looks like it could be slipping away 
    Mortgage free wannabe 

    Actual mortgage stating amount £75,150

    Overpayment paused to pay off cc 

    Starting balance £66,565.45

    Current balance £58,108

    Cc around 8k. 

  • Chavy89
    Chavy89 Posts: 119 Forumite
    100 Posts Name Dropper
    Hi All any help/advice is very welcome
    so im buying and im at the enquirers stage now im in regular contact with my seller who has told me he has answer to all my enquirers but 2 which are 
    10. Please let us have a copy of the planning permission dated 14/02/2013 under reference B130310.
    6. Please let us have a copy of the section 106 agreement dated 1st November 2012 referred to
    will the solicitors be ok with out these two or will he insist on this even if i say im not worried about them
    the property is a new build completed in 2017 so the vendor is saying he never had this info from 2012 and 2013 
    we got the NHBC certificate and insurance from back then also which was another quire 
    and help would be gd thank you 
     
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