The NEW waiting to exchange thread...

sjc93

Just to give you an update today...

The solicitors have requested the funds today from our LISA provider, however, they've now had to go back to the vendors solicitor for enquiries that should have been raised a month ago when the searches were made 🤬😭feels like we're never going to get in there!

PJBRFC

Thought I might add our long winded story into this thread.
6th December we accepted an offer on our house, same day we had an offer accepted on the house we wanted. Our house had only been on the market for 4 weeks. 

• 8th Jan - Draft contracts sent/received. 
• 10th Jan - Mortgage offer received.
• 18th Jan - Report on title received from solicitors, including all search results. 
• 3rd Feb - Homebuyers report done.
• 14th Feb - Report received, happy with contents. Meanwhile we'd barely heard anything from our buyers solicitors and our solicitors were struggling to contact them.
• 24th Feb - Purchase pretty much ready to go, all enquiries answered. Just waiting for enquiries on our sale.
• Circa 27th Feb - Call from EA, our vendors have pulled out of the sale with no real reason given. Lots of wasted money and annoyance our side. We decide to go ahead with the sale of our house anyway as it was a 5 year old new build and we wanted to escape fleecehold management fees that were beginning to grow. Management company was awful. 
• 17th March - Enquiries almost answered on sale. Struggling to get some info from management company that buyers solicitor requested. Meanwhile we'd had an offer rejected on another house and decided we weren't willing to pay anymore. Viewed 5 other houses, none were what we wanted.
• 21st March - Move most of our house into storage and move in with in-laws.
• 9th April - Agree to simultaneously exchange/complete on 17th April. Had to get new redemption figures from HtB and Nationwide. Originally meant to complete on 27th March, but delays with buyers solicitors prevented that.
• 16th April - Buyers change mind and want £5000 off the price. We say no it's too late and we will re-market the property. A nervous 5 hours later, buyers confirm they will proceed as planned. 
• 17th April - Complete house sale.
• 23rd April - Call from EA we were originally buying from. Original vendor now wants to sell again. We re-negotiated 10K off the price to cover our storage and move to in-laws (we are paying them rent). Solicitor confirms all previous work done was still valid and that we would continue where we left off from our abortive transaction. They went back to vendors solicitors to confirm that nothing had changed with enquiries and the situation. (They are moving to rented).
• 28th April - Revised mortgage application goes into Barclays.
• 21 May - Mortgage offer issued and solicitors/EA confirm we are ready to go as soon as offer is received at solicitors.

Our solicitors have been fantastic the whole way through this process, and have been contactable and working throughout the pandemic. We just want to get into the new house now before anything else can go wrong. I've also learnt that paying for a good solicitor and a good local EA are crucial to the process. Our EA was fantastic at chasing the useless solicitor our buyer had chosen. 

Catwales

Offer accepted on property 19.02.20
Decided on solicitor and instructed them 21.02.20
Mortgage appt 26.02.20
Valuation and homebuyers report 09.03.20
Mortgage offer 10.03.20
Mortgage report and deed 18.03.20
Solicitors Search of register 08.04.20
New price negotiated 15.05.20
New mortgage offer 20.05.20
Solicitors Personal searches appointment 20.05.20

kazwookie

Offer in Feb accepted

My house sold and moved out of 24th March

Vendors go into SI and refuse to move

We go into a hol let and are very stressed etc as this was not the plan

14th May vendors remove house off market!!! grrrrrrrrrrrrrrrrrr  !!  boy was I cross all this time sitting about

Plan B is in operation, which is still  being formulated

GDB2222

kazwookie said:

Offer in Feb accepted

My house sold and moved out of 24th March

Vendors go into SI and refuse to move

We go into a hol let and are very stressed etc as this was not the plan

14th May vendors remove house off market!!! grrrrrrrrrrrrrrrrrr  !!  boy was I cross all this time sitting about

Plan B is in operation, which is still  being formulated

Isn’t that why nearly everyone exchanges on their sale and purchase at the same time? 

KPyro

Woohoo! It's starting! Though I feel like we've been doing this in a very wobbly order.
Offer was accepted on a house just before lockdown, we knew at that point that our vendor hadn't yet offered on a house and we might be waiting for a chain to form. We decided to get a move on with the mortgage paperwork but didn't instruct a solicitor yet due to the uncertainty with covid and our seller not having found anywhere to buy - had no idea at that point if we'd be looking at things moving in a few weeks, months, or whether we'd be lucky to be in by xmas.
Start of this week we got confirmation of our mortgage offer, called the EA to update them and ask for an update on our vendor, next day found out she has now had an offer accepted and we were the bottom (FTB) of a 3 house chain.
We are now spending tonight and the weekend working through the paperwork for the solicitors and sorting out quotes for a survey. 
Can't quite believe that it's happening!

SPAT34

Thought I would join this thread as a way to let out my nervous energy and not drive my husband too mad!
Our rough time line:
- Put house on market 24th January
- Accepted offer 11th February
- Our offer on new house accepted 21st February
- Applied for mortgage 27th February
- Survey and valuation conducted. Mortgage approved 4th March
- Majority of paperwork/searches in chain complete by lockdown 23rd March.
- 8 weeks of wondering and waiting
- 18th May, solicitors start working again. Just final enquiries to be answered. No idea how long will take!
Getting very twitchy! Would have liked to have started packing during lockdown while had plenty of time but was too scared to jinx it all! Hoping we can get final bits sorted next week and set a date during June. 

FtbDreaming

My solicitor said the searches are due to come back around the 1st June so hopefully things will get moving soon. I’m a bit worried about the alleyway. Apparently it’s called a floating freehold I don’t know if it’s gonna be a problem. I’m assuming millions of houses have them. 

onthemend88

All of our searches are back now and the solicitor is posting us all the documents we need to sign - could anyone tell me which documents these are (some of them require a witness). 

We have a completion date of the 17th July and hopefully will be exchanging about 2 weeks before completion

kjelyse

Early days for me to be posting here, I know! First time buyer, no chain on either side.

15/05 - MiP accepted 
16/05 - viewed house of my dreams, immediate offer & acceptance
18/05 - solicitor instructed, received memorandum of sale from EA
20/05 - full mortgage application submitted
22/05 - documents received from solicitor via snail mail, immediately filled out and returned; submitted evidence to mortgage underwriter 
25/05 - homebuyer's survey done (probably should have waited, oops...)