The NEW waiting to exchange thread...

caw379

gemmacampbell2019 said:

caw379 said:

Ah thanks for letting me know @gemmacampbell2019 I'm trying to get an idea of how quick lenders are. Sounds like Halifax is on it, good luck with the rest of the process!! 

Many thanks @caw379 . I just received my mortgage offer yesterday so full steam ahead now with solicitors searches and getting that draft contract from the vendor's solicitor!

Woohoo congrats!!! 

EssexGirl

Has anyone exchanged and completed on the same day recently? How did it go? 

toriade

Newbie here - its been a long drawn process, thanks to COVID

Mar 17 - New build viewed and reserved 

Mar 19 - Mortgage approved subject to valuation

Mar 23 - Enters lockdown, physical valuation required

May 22 - Pulled out from purchase due to "fleecehold"

May 27 - Reserved on another newbuild

May 28 - Existing mortgage application updated with new property

Jun 2 - Lender requests for latest payslips 

Jun 4 - New Mortgage approved subject to valuation, valuation instructed

Awaiting valuation, feedback says there is a backlog on this - fingers crossed. Anyone applied recently with Santander?

kjelyse

Is it common for solicitors to insist they can't start LA searches unless they have a draft contract from the vendor's side? That's where I'm stalled at the moment. 

Wkmg

kjelyse said:

Is it common for solicitors to insist they can't start LA searches unless they have a draft contract from the vendor's side? That's where I'm stalled at the moment. 

That’s what my solicitor told me. I assume it’s to stop you wasting money if it all goes tits up at an early stage. 

Squirrelz92

kjelyse said:

Is it common for solicitors to insist they can't start LA searches unless they have a draft contract from the vendor's side? That's where I'm stalled at the moment. 

LA searches being the first lot of searches they do? If so, I paid for my solicitors to start those searches as soon as my mortgage was offered to try and speed up the process. Annoyingly, everyone is ontop of everything apart from the seller who still hasn't filled in his batch of documents for his solicitor to send to mine to start queries. Damn annoying!

FtbDreaming

kjelyse said:

Is it common for solicitors to insist they can't start LA searches unless they have a draft contract from the vendor's side? That's where I'm stalled at the moment. 

Yes that’s what mine said and I was stuck at that for 13 weeks. They eventually came and I got the searches done in a week. There was no mention of my alleyway on the contract and now I’m back to waiting for draft contracts to be sent again. I am so peed off with the process I’ve half given up now 

Chloe901

kjelyse said:

Is it common for solicitors to insist they can't start LA searches unless they have a draft contract from the vendor's side? That's where I'm stalled at the moment. 

It was the same for us. I think our solicitor actually did the searches and had the results back, but needed to compare them to the draft contract before reporting back to us.

kasqueak

Hi all,
I’m now in this boat so thought I’d join in for some moral support as we all try and get in our new homes!
My timeline so far....

2/6 - accepted offer from cash buyer on our property
5/6 - solicitor instructed 
9/6 - our offer on house we’re purchasing was accepted!
12/6 - full mortgage application submitted to Halifax via a broker
16/6 - mortgage accepted (yay) 

We’re now at that stage I think where nothing much seems to happen for a while. I know our solicitor has instructed the searches on our new place. 

Squirrelz92

kasqueak said:

Hi all,
I’m now in this boat so thought I’d join in for some moral support as we all try and get in our new homes!
My timeline so far....

2/6 - accepted offer from cash buyer on our property
5/6 - solicitor instructed 
9/6 - our offer on house we’re purchasing was accepted!
12/6 - full mortgage application submitted to Halifax via a broker
16/6 - mortgage accepted (yay) 

We’re now at that stage I think where nothing much seems to happen for a while. I know our solicitor has instructed the searches on our new place. 

Wow that's quite the pace there! My mortgage offer took a similar time so we have both been blessed in that department! Fingers crossed your searches don't take too long. I'm still waiting for mine to come back but its only been a week so far of waiting. Are you getting a survey done?