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The NEW waiting to exchange thread...

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Comments

  • kazwookie
    kazwookie Posts: 14,269 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Tras1996, I suggest you get packing now, as (currently) it seems exchange and completion are taking place on the same day, to ensure nothing goes wrong.
    Packing takes a lot longer than you think, so I found out!! :)
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  • Thank you for input. Just want to know if I’m being unrealistic to think we could be in the house in 9 weeks? Solicitors have all they need now so hopefully searches don’t take too long. Have been told there are some delays but they are still being done. I’m not sure what a ‘normal’ time scale is let alone during these times. 


  • @Tras1996

    I should think as long as they buyer has all the answers and they are satisfied then is shouldn’t delay anything. If everything else has been done should be no reason to delay exchange. Good luck, I hope it all goes through smoothly. 
  • Sncjw
    Sncjw Posts: 3,562 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Funds have been released and solictor has the money. 

    Will be completing tomorrow eeek 
    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. 

  • Tiglet2
    Tiglet2 Posts: 2,673 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    @Tras1996
    It's good that you have answered some enquiries from the buyers.
    Has your solicitor raised any enquiries with the sellers?  Have they sent you the legal documents to sign and reported to you?
  • What a rollercoaster over the past day or so.
    25th March - Advised that developer at top of chain were not doing completions until further notice.
    8th April - Email from solicitor to advise developer are recommending chain looks at exchanging/completing on the 24th April.
    9th April - Another e-mail from solicitor to advise that the seller is now unwilling to commit to exchange/complete until the lockdown restrictions are lifted.  :/
    Things have not moved on much since this, but around the 14th April the agent tried to push the chain a little, but again seller was not budging.

    I've been in contact with my solicitor last week to ask for an update on their position. The agent are advising not to put too much pressure on, but my solicitor is advising that it would be helpful to have some clarification on things. Hopefully may get an update of sorts today, what a nightmare!
    A whirlwind of a couple of days!
    E-mail from solicitor yesterday to advise seller was looking at a simultaneous exchange/completion on the 28th May.
    Another e-mail this morning to advise vendors further up the chain were looking at 22nd May, which was agreed. It then transpired that all parties were looking at exchanging today...

    Finally I can say that exchange has happened! Completing on the 22nd May, phew!
  • Chavy89
    Chavy89 Posts: 119 Forumite
    100 Posts Name Dropper
    Sncjw said:
    Funds have been released and solictor has the money. 

    Will be completing tomorrow eeek 
    I second that, dont know why im a little nervous about owning my first ever property 
  • sjc93
    sjc93 Posts: 91 Forumite
    10 Posts Name Dropper
    I think exchange is in the very near future from us.... EA called us today to confirm the Vendors solicitor has gone back to them with all of the last enquiries & are asking for our solicitors to advise of exchange and completion dates. EA said about mid-may we should look at getting this all done at the moment - our solicitors are just being so painfully slow at the moment, understandably.

    I just want to get in our house and actually have a bloody garden to sit in!!!
  • Sncjw
    Sncjw Posts: 3,562 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Just to say we have completed at 9:50 I got the email to say we have. 
    Waiting nearly an hour to get the code for the keys as they are in a key lock outside the house. Agent was doing a quick call an hour ago. 

    Just annoying we want to get In an start to get sorted. 
    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
    edited 30 April 2020 at 2:57PM
    wow that was quick im still waiting been advised that it will be about mid-day for me 
    so still nothing yet my solicitor has transferred the funds we are just waiting for the other side to acknowledge payment  
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