The NEW waiting to exchange thread...

boldaslove

FTB here with my partner, thought I'd join in as it helps pass a bit of the waiting time!

2/7 - viewed house, offered asking price. 
3/7 - offer accepted.
6/7 - mortgage application submitted via broker.
10/7 - DIP received. Solicitors instructed.
27/7 - lender's valuation instructed

Solicitor hasn't done anything yet as they haven't received a draft contract. Should this have happened by now? I've been following this forum for a while and it seems like there's just not a set order to do things! We really want to get this completed before winter as we're nervous about a lockdown happening. There's been 6 of us living in a house so we're all gasping for space now    

Lancs1234

Feel like I can actually join this thread properly now! We are FTB buying a property with no chain and the seller having already moved and our timeline is.. 

First Viewing - 3rd June
DIP applied for and received - 5th June 
Second Viewing - 8th June
Offer submitted and accepted - 9th June
Mortgage applied for (issues submitting due to mortgage officially being pulled from market) - 15th June
Valuation - 18th June
Solicitors instructed to begin searches - 24th July
Mortgage offer - 27th July

Hoping it all runs quickly and smoothly from here. Fingers still crossed for an august completion.

Hannimal

11/07 viewed property
11/07 offer accepted 
13/07 AIP
13/07 instructed the solicitor 
14/07 mortgage application submitted
24/07 survey instructed
26/07 searches came back
14/08 survey date

kasqueak

boldaslove said:

FTB here with my partner, thought I'd join in as it helps pass a bit of the waiting time!

2/7 - viewed house, offered asking price. 
3/7 - offer accepted.
6/7 - mortgage application submitted via broker.
10/7 - DIP received. Solicitors instructed.
27/7 - lender's valuation instructed

Solicitor hasn't done anything yet as they haven't received a draft contract. Should this have happened by now? I've been following this forum for a while and it seems like there's just not a set order to do things! We really want to get this completed before winter as we're nervous about a lockdown happening. There's been 6 of us living in a house so we're all gasping for space now    

We waited 6 weeks after we had our offer accepted until the vendors solicitor sent the draft contracts to our solicitor. It’s all such a slow frustrating process! Fingers crossed it all goes smoothly now

Hannimal

heston2014 said:

Joining in and here’s our timeline:
26/06 - Offer accepted, submitted full mortgage application and instructed solicitor.
01/07 - searches requested
07/07 - Offer by text received subject to valuation
08/07 - Called to chase valuation, had already been carried out remote and got full offer!
21/07 - Home buyers report carried out, no major issues found.
22/07 - transferred deposit in tranches and signed Contract ready for exchange once searches come over.
23/07 - search report returned
24/07 - Exchanged contracts! 🎉
31/07 - Completion date 🤞🏽😅🍾
Good luck to everyone still waiting to exchange! Keep chasing and escalate if necessary to get things moving quicker! 

That is so quick! Amazingly well done, congrats. I take yours wasn't on a chain?

FtbDreaming

Well I signed my stuff today! 140 mile round trip but it was worth it so I wasn’t sat next to the letter box for weeks waiting for the postman. 

I was expecting lots of stuff but it was just a couple of pages and 3 signatures. The solicitors receptionist witnessed it. 

My solicitor is off till Wednesday then I’m hoping we can have a completion date for Monday or the following Monday. I have my deposit funds ready so it’s just a case of requesting the Halifax mortgage funds. 

I really really hope this is it 

heston2014

Hannimal said:

heston2014 said:

Joining in and here’s our timeline:
26/06 - Offer accepted, submitted full mortgage application and instructed solicitor.
01/07 - searches requested
07/07 - Offer by text received subject to valuation
08/07 - Called to chase valuation, had already been carried out remote and got full offer!
21/07 - Home buyers report carried out, no major issues found.
22/07 - transferred deposit in tranches and signed Contract ready for exchange once searches come over.
23/07 - search report returned
24/07 - Exchanged contracts! 🎉
31/07 - Completion date 🤞🏽😅🍾
Good luck to everyone still waiting to exchange! Keep chasing and escalate if necessary to get things moving quicker! 

That is so quick! Amazingly well done, congrats. I take yours wasn't on a chain?

Thank you and yes no chain both parties. :-)

heston2014

FtbDreaming said:
have my deposit funds ready so it’s just a case of requesting the Halifax mortgage funds. 

Are you transferring your deposit via CHAPS / same day?
We did ours in tranches over 4 days as NatWest has a daily limit on online bank transfers.  So we started the process Tuesday, exchanged Friday.  It was easy enough and saved us fee of £23 if did it via CHAPS and a trip to a branch. 
We had to transfer deposit to exchange contracts and have transferred stamp duty and solicitors fees today as we are completing on Friday.  Sounds like you haven't exchanged yet but have signed contracts, if you haven't yet paid deposit?

FtbDreaming

Its a right to acquire purchase so no need for exchange just completion as we’re already in the house and the majority of deposit is covered by the discount. 

Ooh I didn’t even think of that to be honest. My money is in the Natwest and it’ll be around £3700 needs paying to solicitors for deposit and fees. I’ll chase it up first thing Wednesday when she’s in. To be honest I think it’ll be the 10th I’m completing as Halifax need a few days notice so don’t think there will be enough time between Wednesday and next Monday. 

kasqueak

FtbDreaming said:

Well I signed my stuff today! 140 mile round trip but it was worth it so I wasn’t sat next to the letter box for weeks waiting for the postman. 

I was expecting lots of stuff but it was just a couple of pages and 3 signatures. The solicitors receptionist witnessed it. 

My solicitor is off till Wednesday then I’m hoping we can have a completion date for Monday or the following Monday. I have my deposit funds ready so it’s just a case of requesting the Halifax mortgage funds. 

I really really hope this is it 

I hope this is it now! You’ve been waiting so long!