The NEW waiting to exchange thread...

Tabitharocks

bearclaws said:

Another week waiting on seller’s solicitors to respond to enquiries! Ahhhhhhh. Everything else is sorted and the questions are so basic, just respond to them!!!

Morning... I am going through EXACTLY the same thing... I just spend my non working time chasing solicitors... its a secondary job now.... so frustrating.

atrixa

Got a notification that contracts have exchanged! Just waiting on completion at some point today then I can pick up the keys. 

tiffy78

So finally informed this morning that exchange process started, we are in a large chain....only to be told that someone further up in the chain is waiting for a search back, 16 weeks in still waiting for a search....unbelievable Im at the point where im ready to throw it all in.

Drawingaline

Another week, still no news on the mortgage for our buyers. Beginning to lose hope now. Apparently their mortgage broker sent a very apologetic email to the EA, but we have satisfied all their enquiries and have one outstanding on our purchase and we are then ready to exchange. And they don't have the finances in place 🤦 due to a last minute change of lender.

atrixa

Picked up the keys at lunchtime, here's my completed timeline (exactly 3 months!):

16/07/20 - Meeting with mortgage advisor

20/07/20 - Offer accepted

20/07/20 - Subjective acceptance of mortgage application

21/07/20 - decision in principle

22/07/2020 - full application submitted

22/07/2020 - valuation booked

25/07/2020 - solicitors instructed

27/07/2020 - Mover membership insurance activated

04/08/2020  - queried vacant possession with vendor's solicitor

05/08/2020 - Nationwide requested July payslip

07/08/2020 - searches submitted expected return 07/09/2020.

14/08/2020 - text confirming mortgage offer!

18/08/2020 - electronic version of offer rec'd from broker.

19/08/2020 - paper copy of mortgage offer received and requested EICR

20/08/2020 - mortgage & title report rec'd from solicitors

24/08/2020 - completed application for income protection.

31/08/2020 - EICR back, quoted for repairs

02/09/2020 - Requested Damp and Timber Report

08/09/2020 - search report from solicitors

14/09/2020- received D&T report. Emailed solicitor re guarantee.

22/09/2020 - Contacted guarantor damp company

23/09/2020 - Damp company confirmed they didn't actually guarantee damp. Left a message with EA to get back to me.

30/09/2020- Price reagreed, instructed MA to change amount.

02/10/2020 - Text from lender confirming mortgage re-offered.

05/10/2020 - received e-copy of revised offer. Solicitor floated completion date of 15/16th October

06/10/2020 - Rec'd contract & documents to sign

07/10/2020 - Closed H2B ISA and posted docs back to solicitor.

09/10/2020 - Solicitor rec'd documents, I sent final monies over.

16/10/2020 - Exchanged around 10am, completed around 11, picked up keys at lunchtime!
Quite stressful around late September, but all in all, that went fairly smoothly! Best of luck to anyone still waiting.
I went round to the property with my boyfriend, who hasn't seen it before, due to Covid. There's lots of decorating work to do, but I'll spend tomorrow morning cleaning it. The kitchen and bathroom especially were disgusting, although nothing a held nose and some elbow grease won't sort out.

periwinkleperkins

 SLA for our 2nd set of local searches (direct with council as requirement of our lender) was today but still nothing ☹️

Solicitor says the 1st set of local searches that were done through an agency in early September highlighted no issues and so this should just be a formality 🤞

Developer says “build complete” due next week along with new home guarantee, solicitor has sent Form1 to Help to Buy, environmental and drainage searches were all ok and enquiries on Tp1 and draft contract sent with responses received... so fingers crossed we’re edging closer to exchange and then completion! 

Feels like forever since we paid the reservation fee in mid August!

söpöpöllö

impatient2020 said:

So as per my username I am getting impatient waiting to move. 

Back in Jan our offer was accepted on a house, all going smoothly and then lockdown happened. 

Early June we got told the chain collapsed. 

We really want the house and currently in rented accommodation so decided to wait it out. 

New chain began a week later. 

EA said it should be straight forward and the chain were happy to work towards our mortgage offer deadline of 28th Aug.
26th Aug we got told chain collapsed again. 

We registered back with all EA’s to check alternative’s but nothing came up as good so 8months already invested we decided to see this through. Managed to get a new offer. 

It’s now Oct and we have just been told a provisional completion date of 30th Oct but no exchange date has been discussed as searches are taking 4 weeks and counting for the top house. 

Also our searches are out of date so we need to purchase indemnity insurance! 

Anyone else finding local searches are taking an absolute age right now? We are FTB, is it normal to not have exchange/completion dates not discussed until last minute? 

We had our dates discussed out of nowhere, really. On the 30th of September the EA said we should be ready to exchange in the coming days, on the 1st of October the vendor queried whether their preferred completion day was fine by us. Then it went a bit quiet and on the 6th we exchanged, again a bit out of nowhere.

hounsehunterftb

Joining this thread..! Our timeline so far!

26th Sept 2020 - Property Viewing

28th Sept 2020 - Offer give on the house. Asked for full and final offer 

29th Sept 2020 - Full and final offer ACCEPTED!! 

1st Oct 2020 - Property taken off the market

2nd Oct 2020 - Memorandum of Sale Issued

5th Oct 2020 - Solicitors Instructed. Welcome Pack received

5th Oct 2020 - Contract pack received by our solicitors sent by vendor's solicitors

5th Oct 2020 - All the mortgage related documents uploaded on Habito portal 

6th Oct 2020 - Decision In Principle Issued by Habito for HSBC

8th Oct 2020 - Full application made with HSBC by Habito on our behalf

9th Oct 2020 - Initial Purchase Documents, Identity & Address Proof Deposit Documents 

submitted to the solicitors

9th Oct 2020 - Valuation booked for 13th October

13th October - Valuation completed! Matches the agreed purchase price! 

14th October - Full mortgage offer received from HSBC!!

15th October - Received Draft Contract, Land Registry Transfer of Deeds, Mortgage Deed etc from Solicitors for us to print, review, sign and post them back

16th October - Received Water and Environmental Searches. Water Search enquiries raised with seller's solicitors

badger09

@atrixa

Congratulations! 

I really don't understand vendors who leave their property in a disgusting condition, but then they probably lived like that, and I'm well aware we all have different standards  

A clean kitchen, bathroom & bed is all you need to start with. Enjoy your new home.

WiseOwl00

So after 3 months, the seller pulled out on us the other day and we're back to square 1.