The NEW waiting to exchange thread...

CBush86

Went out without my phone and had a missed call from the EA, and they NEVER ever phone me, so now my mind is racing thinking have our buyers pulled out or something else has gone wrong & I won't be able to get hold of them now until tomorrow so I will be worrying all night thinking the worst 😔

onlyliveonce

Just thought i would have a rant.

Our buyers haven't got a mortgage offer yet, 10 weeks from today we accepted there offer after the 1st buyers couldnt get a mortgage.

My solicitor is getting a bit fed up with them holding things up and me pestering for weekly updates.

Iam thinking forget the whole idea. I have an email in my draft folder to our solicitor, estate agent and our sellers agent telling them i dont wish to proceed any further. World war 3 will break out with my OH and I when I send it.

We know the sellers of the house we want. They called my OH talking about exchanging today and completing next week, they couldnt grasp the fact our equity from our house sale was needed to fund the purchase of theres and they never knew our house sale would impact our purchase if there. If only we had 50 gees under our bed!

SharkMoney

Failed exchange again!!!! They said they are still awaiting full funds!!!! I’m getting suspicious the buyer is having money problems sending the deposit!!!!!!

Hannah13409

CBush86 said:

Went out without my phone and had a missed call from the EA, and they NEVER ever phone me, so now my mind is racing thinking have our buyers pulled out or something else has gone wrong & I won't be able to get hold of them now until tomorrow so I will be worrying all night thinking the worst 😔

Try not to worry probably just want to confirm dates etc 

CBush86

Hannah13409 said:

CBush86 said:

Went out without my phone and had a missed call from the EA, and they NEVER ever phone me, so now my mind is racing thinking have our buyers pulled out or something else has gone wrong & I won't be able to get hold of them now until tomorrow so I will be worrying all night thinking the worst 😔

Try not to worry probably just want to confirm dates etc 

Thank you, I am such a worrier but hopefully it is nothing, wish they would have left me a voice mail! 

CBush86

SharkMoney said:

Failed exchange again!!!! They said they are still awaiting full funds!!!! I’m getting suspicious the buyer is having money problems sending the deposit!!!!!!

Oh no! Fingers crossed for tomorrow! 

shaunad93

Today I received all results of the searches as well as a contract and transfer deeds to sign and get witnessed. Completed and hand posted to the solicitor within 3 hours of receiving them in the post (as well as giving my LISA request form too). However just 1 week ago I was informed by my solicitor that the sellers are waiting on their mortgage offer and also some enquiries of the property they are buying. Did I sign everything today just to quicken the process so that as soon as the sellers are ready I have already done all the necessities or could it be that in the last week the sellers have had everything sorted? 

I’m a FTB and pretty clueless. There’s been no mention of a completion date and my deposit money hasn’t been requested from me yet. 

AlwaysWanderlusting

shaunad93 said:

Today I received all results of the searches as well as a contract and transfer deeds to sign and get witnessed. Completed and hand posted to the solicitor within 3 hours of receiving them in the post (as well as giving my LISA request form too). However just 1 week ago I was informed by my solicitor that the sellers are waiting on their mortgage offer and also some enquiries of the property they are buying. Did I sign everything today just to quicken the process so that as soon as the sellers are ready I have already done all the necessities or could it be that in the last week the sellers have had everything sorted? 

I’m a FTB and pretty clueless. There’s been no mention of a completion date and my deposit money hasn’t been requested from me yet. 

It's in anticipation of everything being sorted and the solicitors having all the paperwork they need, but it doesn't necessarily mean your sellers are ready - it'll depend on your chain.
I've had all the documents that need signing with the searches but I know we're quite ready yet and though the deposit etc. have been mentioned, the solicitor wasn't keen to talk until they're done with the last of the enquiries they're making. I have mentioned a preferred exchange/completion date but that's because I have to give notice where I'm currently living. 

purple_ck

SharkMoney said:

Failed exchange again!!!! They said they are still awaiting full funds!!!! I’m getting suspicious the buyer is having money problems sending the deposit!!!!!!

mine might not be going ahead tomorrow because of the bank not releasing funds. Even though I have had my mortgage offer since the 20th July! They haven't uploaded it to this loan system that the solicitors need to be able to go in and request the funds. absolute disgrace to be honest. it should have been done in July when the offer was done. there is no excuse ! 

it sounds like this might be the problem here too. I have sent my deposit so just waiting on these funds being released. if the banks are that overwhelmed just now maybe they should get people back off furlough!  no need for people to be on it if the work is there ! (sorry full on rant there) haha. just so fed up with this whole process. it's been an absolute joke from the get go.

shaunad93

AlwaysWanderlusting said:

shaunad93 said:

Today I received all results of the searches as well as a contract and transfer deeds to sign and get witnessed. Completed and hand posted to the solicitor within 3 hours of receiving them in the post (as well as giving my LISA request form too). However just 1 week ago I was informed by my solicitor that the sellers are waiting on their mortgage offer and also some enquiries of the property they are buying. Did I sign everything today just to quicken the process so that as soon as the sellers are ready I have already done all the necessities or could it be that in the last week the sellers have had everything sorted? 

I’m a FTB and pretty clueless. There’s been no mention of a completion date and my deposit money hasn’t been requested from me yet. 

It's in anticipation of everything being sorted and the solicitors having all the paperwork they need, but it doesn't necessarily mean your sellers are ready - it'll depend on your chain.
I've had all the documents that need signing with the searches but I know we're quite ready yet and though the deposit etc. have been mentioned, the solicitor wasn't keen to talk until they're done with the last of the enquiries they're making. I have mentioned a preferred exchange/completion date but that's because I have to give notice where I'm currently living. 

Thanks! I wondered if this might be the case but suppose I was hoping there had been movement. Never mind! Good luck with your purchase