The NEW waiting to exchange thread...

sujsuj

Caramac said:

I wish my solicitors would email documents/letters rather than posting them. We were supposed to exchange/complete last week but couldn’t as we have to provide more information for an indemnity policy. OH rang them on Tuesday and was told they’d written to us about it on Monday. If they’d emailed it we could have replied that evening.

Isaid that to my solicitors and they are doing it.

uralmaid

The thing which gets me is that now most things can be done on the internet yet the solicitors still manage to drag their feet.  It's as if they dont do anything until you ring them or email them and then they do a bit of work on your stuff then put it back on a pile until you contact them again. It is infuriating

sujsuj

Jamaicanmelaff said:

Finally exchanged today (offer accepted March 10th)!! Completion tomorrow. So excited to finally be getting over the line.

If Exchanged today & completion tomorrow , do you still have to pay  Exchange Deposit..? Thats not needed..?

sujsuj

jimjam83 said:

We are at the tail end of the process too but we’ve just tested positive for COVID and will need to self-isolate for the next 10 days. We haven’t signed contracts yet but I’m presuming this would not be done electronically? It looks like we’ll be delaying things for a couple of weeks now 😫

I think thats reason why some prefer exchange & completion together.

sujsuj

WiseOwl00 said:

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

Whats was the reason given for pulling out..??

sujsuj

atrixa said:

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.

That looks to be a Smooth sail!! I wish this in my case..

gary_lau12

I am in a position where I have been waiting for 5 while months and into the 6th month... The seller's solicitor is dragging their heels!! My solicitor has tried to get them to answer some enquires since August and they still aren't able to answer all of them... My landlord is selling the flat so I will need to move out in 4 weeks time... So I don't know where I can turn to for help. I have contacted the estate agent and solicitor repeatedly and still no answer... 

Tiglet2

gary_lau12 said:

I am in a position where I have been waiting for 5 while months and into the 6th month... The seller's solicitor is dragging their heels!! My solicitor has tried to get them to answer some enquires since August and they still aren't able to answer all of them... My landlord is selling the flat so I will need to move out in 4 weeks time... So I don't know where I can turn to for help. I have contacted the estate agent and solicitor repeatedly and still no answer... 

There are lots of posts on here relating to tenants rights - have a read.  I'm pretty sure you will not have to move out of your current flat.  If the landlord is selling as vacant possession, the buyer's solicitor will not allow the buyer to exchange without the property being vacant first.  Your landlord cannot make you vacate to suit his timetable.  He has to issue you with the correct Section 21 Notice and then if you're still there at the expiry of the Notice, the landlord will have to pursue vacant possession through the courts, which at the current time will take the best part of a year.  I'm not an expert on landlord/tenant rights though, but plenty of posters on here are.

By the way, if your seller's solicitor hasn't answered all of the enquiries in full, then you won't be exchanging any time soon.

bearclaws

Supposed to complete today. Woke up at 6.30, didn’t really get back to sleep properly, on tenterhooks now just waiting for the phone to ring. No idea what time it’s supposed to happen - fingers crossed everything goes smoothly!🤞🏼

bouzer

bearclaws said:

Supposed to complete today. Woke up at 6.30, didn’t really get back to sleep properly, on tenterhooks now just waiting for the phone to ring. No idea what time it’s supposed to happen - fingers crossed everything goes smoothly!🤞🏼

Good luck 🤞🏼 

Im due to exchange and complete today so haven't slept a wink either! Had a call to confirm we are happy to exchange contracts, so things are happening!