The NEW waiting to exchange thread...

withaspritz

I'll go as well - we're selling with no chain (rent until new build is ready to move in)

29/06 - Offer received
24/07 - Valuation survey
26/07 - Mortgage offer given to buyer
Our buyer's side is still waiting for searches to come back then they will start enquiries with our solicitor

ftb95

ftb95 said:

The end is finally in sight!
FTB, 90% LTV and no chain.
May 21st - Offer accepted, mortgage application submitted and solicitors instructed.
June 1st - Valuation completed and application sent to underwriter.
June 8th - Paid product fee and mortgage offer issued.
June 9th - Searches submitted.
June 29th - Searches completed & LISA declaration sent to provider. Proposed completion date of July 24th.
July 22nd - LISA funds received by my solicitor, new completion date of July 31st set due to additional queries.
July 24th - Contract etc. signed by myself and delivered to solicitors. Paid remainder of deposit and fees.
July 31st - Simultaneous exchange of contracts/completion & keys to my first home!

I've just exchanged! 1 day earlier but solicitors were ready and there's no chain... 
Solicitors have confirmed they've received my mortgage funds so we're all set to complete tomorrow woo!

Gonzo44

Gonzo44 said:

Joining this thread - hopefully this is the right place? Buying in Scotland if that’s important info to include.

Here is my timeline:

• Jan 20 - viewing on property and submitted note of interest. Closing date set, submitted bid. Successful!
• Feb 20 - mortgage approval. Assigned conveyancing solicitor. Completion date set for end March
• March 20 - Solicitor waiting for sellers to send Title deeds, they may be lost and need reconstituting (not sure if this is the correct term). Starting to get worried. 
• June 20 - Sellers contact to re start process! new completion date set for end August.

• Lockdown - solicitor advises sellers want to postpone due to uncertainty (understandable).

• July 20 - Still no Title deeds. Starting to get worried again!

Here’s my question, am I worrying unnecessarily?  If so, when should I get to the point of worrying - I know we still have 4 weeks left at the moment which is probably plenty of time?

Our solicitor has now started to receive documentation from the sellers solicitor - so, fingers crossed, that is progress and things will move forward!!!

kasqueak

KeepOnKnitting said:

I have today metaphorically banged the solicitors' heads together. My solicitor say he has had no reply from seller's solicitor. Seller's solicitor says he has had no reply from my solicitor. I have emailed the lot of them and asked them to aim for completion at the end of August.  

I keep having the same issue. Each side saying they’re waiting for the other side. We’ve had no progress for weeks it’s so frustrating as I hoped we’d be in during August but at this rate it just seems a pipe dream 😭

gingercordial

I last posted on this thread back on 31 January when we'd had an offer accepted.  I said I knew lots could go wrong - I wasn't expecting a pandemic!  Our sellers did nothing about finding somewhere, refused to even consider renting, then Covid hit.  We decided that with changes to our lifestyles (less travelling, much more working from home) plus market uncertainty it was no longer the right place for us so we pulled out in May.

After lockdown, we viewed a property on 27 June not really expecting much of it.  Really really liked it so we made an offer and that was accepted on 30 June, so a full five months from our original acceptance and we were back in the same place.  Thankfully our new sellers seem motivated to move!

Timeline so far:

27/6 - viewing
29/6 - offer made
30/6 - offer accepted after some negotiation back and forth
30/7 - informed our sellers have had an offer accepted on a vacant property so the chain is complete (and actually this wasn't breaking news, but the EA for that purchase had neglected to tell the EA for ours, ugh)
30/7 - searches ordered, mortgage application going in tomorrow...

Squirrelz92

Wooooooo and it is has been confirmed! Signature finally acquired from the 3rd party, lender has confirmed they will release the funds to my solicitor on the 3rd and I am set to exchange and complete on Monday! Eeeeekk!!!!

FtbDreaming

Congratulations @squirrellz92

my solicitor has requested a completion date of 17th August!! I genuinely can’t wait till this is over! 

JT1987LBN

Great thread. I'll add mine.
Started looking for properties 28/02/20
Put our house on market 07/03/20
Got an offer 15/03/20
Put our offer in 16/03/20
Sale fell through due to covid 28/05/20
Got another offer 02/06/20
Offer fell through due to covid 19/06/20
Same seller sorted mortgage and re-offered 26/06/20
Agreed informal completion date 14/08/20
Sent contracts in the post 02/08/20
And now we wait! Realistically we think end August, hoping everything goes ok, third time lucky after a lot of stress!

kjelyse

Finally talking to my solicitor about completion dates! I've suggested a wide net - anywhere between August 14th and 20th. Fingers crossed!

28tsw

28tsw said:

We’re a chain of 3. So far...
3/7 offer made on our house and we made offer on a house, all accepted same day
4/7 broker appointment 
6/7 solicitor instructed 

7/7 dip submitted 
14/7 mortgage application submitted 
15/7 finally able to send instruction pack back to solicitor due to slow answering questions 
16/7 chased by chain due to no contact from solicitor, complained 
17/7 request searches to start
21/7 mortgage approved pending valuation 
22/7 another complaint this time from agent that solicitor not replying, further complaint 
24/7 Full offer of mortgage 

so will see what happens next. Solicitor peed off with complaints but seems to have lit a fire under them. We need to complete before end of September as our buyer will have no home then. We are ahead of her with our mortgage application though.

How long did everyone wait to get their ID back? It’s been 1.5 weeks since we sent ours to solicitor.

We got a report on our purchase this weekend. Searches not back yet and waiting on HSBC to confirm they are okay with the lease. Seems like we are making good time on this side.
However our buyer not had mortgage through yet, applied same day as us and we’ve had ours over a week now. It’s our buyer who wants it done within 12 weeks so happy they are holding it up and not us but am concerned as valuation was over a week ago.