The NEW waiting to exchange thread...

Falafels

AllayaBroom said:

Falafels said:

AllayaBroom said:

So I've been waiting for my sellers to buy their onward purchase thankfully the house they're buying isn't in a chain - but it's been 15 weeks since our offer has been made and we've been told that the sellers are awaiting enquiries and searches to come back! I'm just feeling so impatient at the moment and I know it's the 'known' if buying a house to be waiting around for things to happen which is outside of your control but i'm wondering whether I should send this message to my seller:
Hi, apologies for messaging but it has now been 15 weeks since our offer and I think we have been more than reasonable with waiting. I understand you are waiting on information to to ensure your onward purchase progresses however we have been in the same position for the last few months. With news of another possible lockdown reappearing I'm sure you can understand that we're feeling a bit impatient. If you have a timeframe you can work towards, please can you let your solicitors know.

I wouldn't.

Chances are, there's nothing they can do about it; the enquiries and searches being out of their hands. I'm sure they'd like to complete as soon as possible, too. The likely outcome is that your message would extinguish any goodwill from them.

I totally get your frustration and anxiety. Totally. Much better to have a rant on here than send a message you'll likely regret!

Thanks for this. My fingers have been itching and patience is not my forte at times like this 😂 fingers crossed I'll get an update from my solicitors next week 🤞🏻

Good luck! It is a horrible time, I know. 

Hannimal

Finally exchanged! 


11/07 (Saturday) Viewed property. Offered, offer rejected with counter offer, I agreed to the counter offer and seller agreed
13/07 (Monday) Mortgage in principle issued through a broker and I instructed a solicitor 
14/07 Mortgage application submitted by the broker
14/07 Requested survey through mortgage company (Platform)
24/07 Survey instructed (Platform is incredibly slow)
26/07 Searches came back
14/08 Survey & valuation performed
19/08 Survey results back - showed some problems
25/08 Mortgage offer issued
03/09 Seller tells me all parties (except me) are ready to exchange (5 household chain)
04/09 Went around the house with a builder for some quotes re: problems and negotiated retaliation with sellers
10/09 Replies to all enquiries finally sorted
11/09 Agreed on exchange and completion date (25/09)
11/09 Requested closing statement for HTB ISA from Natwest
14/09 Completion date changed from 25th to 28th, agreed exchange on 21/09
18/09 Received closing statement got HTB ISA 
21/09 Completion date changed from 28th to 5th October
21/09 Failed to exchange due to above
22/09 Exchanged
05/10 Completion date

kasqueak

Hannimal said:

Finally exchanged! 


11/07 (Saturday) Viewed property. Offered, offer rejected with counter offer, I agreed to the counter offer and seller agreed
13/07 (Monday) Mortgage in principle issued through a broker and I instructed a solicitor 
14/07 Mortgage application submitted by the broker
14/07 Requested survey through mortgage company (Platform)
24/07 Survey instructed (Platform is incredibly slow)
26/07 Searches came back
14/08 Survey & valuation performed
19/08 Survey results back - showed some problems
25/08 Mortgage offer issued
03/09 Seller tells me all parties (except me) are ready to exchange (5 household chain)
04/09 Went around the house with a builder for some quotes re: problems and negotiated retaliation with sellers
10/09 Replies to all enquiries finally sorted
11/09 Agreed on exchange and completion date (25/09)
11/09 Requested closing statement for HTB ISA from Natwest
14/09 Completion date changed from 25th to 28th, agreed exchange on 21/09
18/09 Received closing statement got HTB ISA 
21/09 Completion date changed from 28th to 5th October
21/09 Failed to exchange due to above
22/09 Exchanged
05/10 Completion date

Congratulations! 

Must feel great to finally get the date!
We were meant to exchange yesterday but didn’t and now doesn’t look like it’s happening today either as other parties solicitor isn’t answering the phone to my solicitor! Sigh!!

Hannimal

kasqueak how frustrating! I hope it goes through soon - and thank you. I am very happy we managed to exchange today. there is someone further up in our chain who has been rather difficult...

stampystamp

Completion set for 30th 🤞🏻🙏🏻

Caramac

Does does anyone else feel weird working towards a date with no guarantee that it will finally happen. We are buying a new build expected to be finished at the end of November (though if it slips it’s just as likely to be next year). We advertised our house with vacant possession at the end of May and accepted an offer in early July.

We haven’t actively been progressing our sale but at the same time answered any queries or returned documents within a day or two. We received a letter last week suggesting a completion date of 23rd October which we agreed only to receive an email yesterday moving it forward a week.

We are arranging storage for our furniture and are frantically trying to arrange a house clearance company to collect furniture which won’t fit in our new house plus some junk.

We have been asking via solicitors whether the buyers want the fridge freezer, washing machine and tumble dryer left at no extra cost for over a month with no response. 

I’ve been awake since 3am with my mind racing with the likelihood that we leave here and the sale doesn’t complete.

Bertiemaus

Hello! 

Was hoping I would be able to post joining in with the nail biting wait but just had an email from our solicitors that have thrown us a bit. 

We thought we were nearing the end of the process and as both sides are chain free hoped it would be straight forward. We had our mortgage offer made last week and are in the home stretch with some enquiries we had made to the sellers (a leaking lateral drain and dates missing from gas and electric reports). 

We had been in regular correspondence with an assistant at the solicitors regarding these queries and some pertaining to the contract pack. All fairly simple. Searches were returned 2 weeks ago and they said they were waiting for our mortgage offer to come through to properly review them. 

We enquired if there was anything outstanding on our end and when we might be able to talk exchange and completion dates. The email response was that they were ‘looking to begin raising enquiries with the sellers solicitors either this week or next.’ 

I thought raising enquires happened much sooner in the process? Indeed, through the correspondence about the contract pack I thought it was in process. Is this normal to be raising the enquiries at this point? Or do all enquires happen after searches are complete? 

Our sellers are a bit annoyed that the process has already dragged a bit and we’re obviously keen to get moving! 

I’m a FTB so may just not understand the process, but don’t want to go back strong and annoyed if it’s misplaced. Any help would be so appreciated. 

Thanks! 

matthew91822

matthew91822 said:

Waiting to exchange now. In the period of hearing nothing for weeks. Got a bit of a complicated legal situation with the vendor which now means there's a power of attorney solicitor managing the estate so 3 solicitors involved which mean communication takes forever. My conveyancing solicitor talks to their conveyancing solicitor that talks to the power of attorney solicitor.
Nervous that a second lockdown is gonna balls it up further, I just want to move in to a new house - the house is empty!

Seller pulled out today for unknown reasons. Similar houses have been selling for 10k more than I had offer accepted on so I bet I will see the house re-listed. Beyond gutted. Back to the mortgage section I go 

CBush86

matthew91822 said:

matthew91822 said:

Waiting to exchange now. In the period of hearing nothing for weeks. Got a bit of a complicated legal situation with the vendor which now means there's a power of attorney solicitor managing the estate so 3 solicitors involved which mean communication takes forever. My conveyancing solicitor talks to their conveyancing solicitor that talks to the power of attorney solicitor.
Nervous that a second lockdown is gonna balls it up further, I just want to move in to a new house - the house is empty!

Seller pulled out today for unknown reasons. Similar houses have been selling for 10k more than I had offer accepted on so I bet I will see the house re-listed. Beyond gutted. Back to the mortgage section I go 

Sorry to hear that, thats really rubbish ☹️

foreverhome3

Bertiemaus said:

Hello! 

Was hoping I would be able to post joining in with the nail biting wait but just had an email from our solicitors that have thrown us a bit. 

We thought we were nearing the end of the process and as both sides are chain free hoped it would be straight forward. We had our mortgage offer made last week and are in the home stretch with some enquiries we had made to the sellers (a leaking lateral drain and dates missing from gas and electric reports). 

We had been in regular correspondence with an assistant at the solicitors regarding these queries and some pertaining to the contract pack. All fairly simple. Searches were returned 2 weeks ago and they said they were waiting for our mortgage offer to come through to properly review them. 

We enquired if there was anything outstanding on our end and when we might be able to talk exchange and completion dates. The email response was that they were ‘looking to begin raising enquiries with the sellers solicitors either this week or next.’ 

I thought raising enquires happened much sooner in the process? Indeed, through the correspondence about the contract pack I thought it was in process. Is this normal to be raising the enquiries at this point? Or do all enquires happen after searches are complete? 

Our sellers are a bit annoyed that the process has already dragged a bit and we’re obviously keen to get moving! 

I’m a FTB so may just not understand the process, but don’t want to go back strong and annoyed if it’s misplaced. Any help would be so appreciated. 

 

Thanks! 

We are buying and selling a property at the moment, the buying process is going well but the sale is very slow. Draft contracts were sent 25th August but no enquiries have yet been raised, when chased the buyers solicitors said that they are waiting for all searches to be back before raising enquiries. I think this is causing delays as it is a leasehold property and they have also had the leasehold management pack for 2 weeks and no enquiries regarding contract or leasehold made. Fingers crossed the searches are due back this week and hopefully not to many enquiries! We are desperate to move to our new home.