The NEW waiting to exchange thread...

howisthisriskfree

Natbag wrote: »

Leeds, only about half a mile from where we live now. We're in a chain of only 3, first time buyers are buying our house, us and the house we are buying is vacant.

Slight update, our buyers' electrician is hoping to come out Thursday so slight improvement on next week. Still no word of any progress updates or even estimated timescales from anyone, sigh.

Ah OK, I'm not your vendor then!

Got the same situation as you, sold my house (vacant now) to buyers whose FTB also pulled out last month but arranged another sale. That was the middle of last month, not heard anything since despite the estate agents being fairly positive there would not be too many delays because the new buyers could simply buy the old buyers searches.

Will be interesting to see who out of us can complete first!

vixki

My sellers solicitor still hasn't answered enquiries sent on the 10th August! We originally hoped to exchange by September 13th (our tenancy renewal date, we're on a rolling contract). Then, we wanted to aim for October 13th...which is next Wednesday. And nothing has progressed at all in the last month. If we can't exchange by next week, we'll have to stay where we are until at least mid December and I do not want that. It's a chain free place, I don't know why it's taking so long.

I don't know at what point we think of pulling out. Apparently the seller is "really eager to sell" but we have zero evidence of that, we're wasting money on renting our current expensive place the nothing seems to be happening.

dancing_star

vixki wrote: »

My sellers solicitor still hasn't answered enquiries sent on the 10th August! We originally hoped to exchange by September 13th (our tenancy renewal date, we're on a rolling contract). Then, we wanted to aim for October 13th...which is next Wednesday. And nothing has progressed at all in the last month. If we can't exchange by next week, we'll have to stay where we are until at least mid December and I do not want that. It's a chain free place, I don't know why it's taking so long.

I don't know at what point we think of pulling out. Apparently the seller is "really eager to sell" but we have zero evidence of that, we're wasting money on renting our current expensive place the nothing seems to be happening.

OMG! That's even worse than my story.

Vendors conveyancers haven't answered queries (or even the phone) since 5 September and my solicitor and I are going nuts. Hang on, it's not PM in Sheffield is it? I have no qualms about naming & shaming them.

Chain free too and the EA assures me the vendor is 'keen to sell'

Hope for positive news for you.

Natbag

howisthisriskfree wrote: »

Ah OK, I'm not your vendor then!

Got the same situation as you, sold my house (vacant now) to buyers whose FTB also pulled out last month but arranged another sale. That was the middle of last month, not heard anything since despite the estate agents being fairly positive there would not be too many delays because the new buyers could simply buy the old buyers searches.

Will be interesting to see who out of us can complete first!

Oh yeah, very similar story. Hopefully it won't be long for either of us now, fingers crossed!

HGW2012

We've exchanged!!!

Completion Friday :j:j:j

henrypootle

henrypootle wrote: »

Email received from the Solicitors today to say paperwork received from sellers solicitor, searches have been requested and the official 28 day deadline is 3rd October.
Haven't heard anything recently from Financial advisor so presume everything is okay with that.


Just shows how quick these things can be done!


Feeling a little more excited but in a nervous way. Every day that passes is another day that another offer hasn't been made!
Going to see the property on Saturday and going to start planning what to do with it.

Update - we're off to the Solicitor to sign today with a view to complete on Friday. Its will have taken just under 5 weeks from offer being accepted to getting keys - just shows how quick it can be done! Of course we did have to pay the solicitor more money for doing it quick!

HGW2012

Our time line

31/7 DIP
5/8 Offer accepted
7/8 Solicitor appointed (currently on hold until mortgage app through)
9/8 Broker appointment, all documents given and mortgage chosen through Halifax
18/8 1 pay slip requested from Halifax
21/8 Valuation and Home Buyers Survey booked for 31st
31/8 Valuation and Survey went ahead
5/9 Mortgage approved for full amount
6/9 Solicitors told to go go go!
6/9 Survey uploaded
25/9 Queries back
27/9 H2B ISA closed
2/10 H2B ISA bonus obtained by solicitor
3/10 Exchanged!!
6/10 Due to Complete :j:j

9 weeks from offer accepted.

vixki

dancing_star wrote: »

OMG! That's even worse than my story.

Vendors conveyancers haven't answered queries (or even the phone) since 5 September and my solicitor and I are going nuts. Hang on, it's not PM in Sheffield is it? I have no qualms about naming & shaming them.

Chain free too and the EA assures me the vendor is 'keen to sell'

Hope for positive news for you.

No, but I am in Derby so not very far away! Our solicitor has told us that they have heard once from the vendors solicitors, who after much chasing said they "forgot" about the enquiries!! Er?! If my solicitor forgot for months I'd be sacking him! That was over a week ago and still nothing though so I'm not sure.

It's a new build but a one off, not on an estate. If the problem is just that the vendor has hired rubbish solicitors, I wouldn't mind if they just told us that and hired different, better ones. Then at least we'd know things were progressing. As it is, we're in the same position now we were a month ago, what's to say we won't be this time next month? The month after?

SeduLOUs

Just wanted a bit of a rant. My contract paperwork was ready to sign about two months ago but I've been waiting ever since as the property was tenanted and the seller didn't 'remember' to give them notice until all of my searches etc were complete.

They moved out on Saturday, I viewed the property again as they were leaving and popped off my email to the solicitor to say I'm happy to exchange and get on with the informally agreed moving date of Friday.

Lo and behold, my seller has gone on holiday and hasn't signed his paperwork. He isn't back until 15th October.

Furious!

vixki

Oh, we've finally heard back from the EA. She doesn't work Friday or Monday apparently and nobody else covers her stuff, so any correspondence from those days apparently disappears into the ether.

And according to her, the vendors solicitors never received the enquiries in the first place - which isn't what our solicitor said (they said they received them but just didn't respond). Feel like we're going round in circles.