The NEW waiting to exchange thread...

zodiac55

FTB here, ever since Mortgage offer on 08/09 it has been a painful wait. Searches are back, just waiting for the sellers’ to come back as well before any dates of exchange are mentioned. I really hate being in limbo about this! If my solicitor just mentioned any sort of time frame it would definitely put me at ease for a bit! Was hoping to complete by Xmas...

bearclaws

AllayaBroom said:

FTB buyer - waiting to exchange
never thought I'd be wishing weekends away - looking forward to 'working days' where things can actually get a move on! 🤪

Yep, for me Fridays are the worst because I imagine my conveyancers are helping other people exchange while I twiddle my thumbs. Don’t mind the weekend because it means we’re closer to Monday - what a sad life 😂

doingitanyway

Hi everyone. I haven't been waiting very long but I am detailing my journey so I can keep track...
I accepted an offer on 24/09
I appointed my solicitor on 25/09
I completed and returned legal forms sent on 28/09
Solicitor confirmed receipt of paperwork on 07/10
There is no chain as I will be staying with friends if need be and it isn't the buyers first home.
My property doesn't appear anywhere online. I would have expected it to still appear as with under offer or SSTC. Is this cause for concern? 
Is there anything I should be chasing?
Just ordered some boxes as I care for a relative who often needs a high level of care so trying to get organised.
All comments gratefully received. Thanks

CBush86

CBush86 said:

Drawingaline said:

CBush86 said:

Drawingaline said:

CBush86 said:

So had an update from our solicitor this afternoon, there is one enquiry outstanding on our purchase which relates to the solar panels on the property. These are owned outright, so our solicitors are asking for the building regulation consent form which our sellers do not have. They have provided the MCS Cert but dont have any other paperwork. The panels were fitted by previous owners in 2011. What can we do now as they don't have this form, can it be sought retrospectively and who would provide it? 

Is it required by your lender? If not, then it is up to you to decide if you want to go ahead with the purchase without it.

To be honest I don't even know if the lender has any requirements or not and if this is one of them, our solicitor hasn't told us. 🙄 Feel like this is now going to massively delay things 😩

Ask your solicitor if it's required for your lender then it needs sorting, if it isn't then you need to ask your solicitor what the consequences might be without it. And then decide if you are happy to go ahead without it. 

Thank you - have asked the questions above already, annoying that I probably won't get a response from them now for another week but hey ho! 

Had an update on Friday, all enquiries now received and satisfied 😊 just waiting to hear if our vendors have had their mortgage offer yet, I *think* that is all we are waiting for to enable us to talk exchange/completion dates 😁😁😁

Secretsusie

Secretsusie said:

Joining the fun. 
Offer made and accepted  from cash buyer 19/9.
Offer made and accepted on purchase 21/9. Downsize so no mortgage involved. Property empty so no chain. 
Solicitor instructed 22/9. Searches ordered 24/9.
Buyers ID and proof of funds accepted 28/9.
Sellers information pack competed and returned 2/10.
Survey booked for purchase 9/10. 
Hoping for exchange and completion before the end of November.  



 

Draft contract for sale returned 10/10. 

ftb_1995

Joining the fun also. Received our mortgage offer last week and asked the solicitor for an update with the legal stuff. Apparently local searches are having huge delays atm... oh more waiting then

skidmarks1961

Sold to cash buyer 2/7 no EA involved exchanged 5/10 completed 6/10. We haven’t bought yet so that was the chain. 

Splatfoot

I think I might join this thread! We are only selling at the moment as we are moving into a horsebox we are converting. We are then having an adventure until we find a place we want to buy 😊😊😊
House went on the market the day of lockdown back in March. 🙄 when the market re-opened in May we had a few viewings and a couple of early offers of which we rejected one and then another came a week later. This one was more in line with what we need but they hadn't sold their property yet.

So we carried on taking viewings.  early July we had a knock at the door and the people that put in the second offer had come down to talk to us. They had now had an offer on their property but it was a bit less than they were after. Would we take 5k less than their original offer. We hmmed and ahhed then agreed. Everything moved really quickly, from the official offer on the 13th July, paperwork moving quickly between solicitors and their survey was done on the 23rd July.

 And then it all went wrong 😁 We didn't have building control sign off for our loft conversion, their solicitor said no to an indemnity, the survey picked up a couple of things (repointing which they quoted at 4k) and a beam at the side of our house which does need replacing  but is not going anywhere.... anyway to cut a long story short, they pulled out.grrrr.. They were almost like FTB as they had bought a new house previously and ours is 70 years old. I also don't think they could stretch themselves to the estimated work. Anyway, we went back on the market on the 6th August, received an offer on the 10th.  We did the repointing  (£480!) and got the building control sign off done in 4 days. This time it seems slower, I'm not sure our buyers have even had their searches back yet. We're in a chain of 4, we are at the top and end. Buyers survey has been done, questions answered etc. 

We think everyone has their ducks in a row so we might have to start pushing for dates next week. If I were my buyers I would be as there have been two houses in my street come up for sale for way more than ours. One is sold Sstc. Ours is as big, position is great with good views. 

If you got This far then well done, I'm waffling! So basically we are hoping it's so done and dusted within the next 2/3 weeks as we've got an awful lot to do!!

badger09

katie91_2 said:

We’re in the waiting to exchange club. Had an offer accepted mid August. Our legal work is almost complete on the property we’re buying and we have our mortgage offer. We thought we were in a chain of 3 as our vendors seller said they were willing to move in with family, however we’ve just been told they’ve now decided they won’t and are still looking for a house (at the other end of the country). 

I do wonder how anyone actually buys a house. The stress is going to finish me off long before we ever get the keys at this rate!

I definitely feel your pain.

We have a chain of 3 below us and our vendors are hoping to buy their 'forever home'. They've said all along that they will move in with family or rent, rather than risk losing us and the following chain. However, their 'forever home' is currently tenanted and it sounds as though the owner/landlord hasn't a clue. So its now a waiting game. However, we've decided, very reluctantly, that if they won't complete in time for our chain, then we will move into temp accommodation and look for another property.  

Tabitharocks

FTB here! So my timeline is as follows:-

• Offer accepted on property- 3rd July
• Solicitors instructed- 3rd July
• Full Mortgage approved- 19th August
• Homebuyers survey- 9th September
• Land searches received- 11th September
• Draft contracts from vendors sent to my solicitors-12th September
• Enquiries raised- 2nd October
• Enquiries answered- 6th October

So my situation is becoming a little bit desperate.  It turns out that although I am buying a freehold property, the lease has fallen to under 60 years and this means the seller will need to extend the lease.  To top this off, I have been given notice on my current property and have to be out by 8th Nov.  Realistically, can anyone advise as to whether it is possible that we can exchange and complete by then or am I having to look for temporary accommodation? I have tried to contact my solicitor but they have been on annual leave. Its SUPER stressful!