The NEW waiting to exchange thread...

Surrey_EA

Natbag wrote: »

new fuse box (I disagree) and an RCD for the bathroom lights. Sigh. We should be ready to exchange and I can feel it all going wrong again.

If that's all he managed to find, I'd hope your buyers wouldn't worry too much, they're not expensive jobs.

Fingers crossed.

Sadie23

Completed today! Offer was accepted 25/5/17 (probate property, we're FTB), off to get the keys wahooooo!

toc25

Good luck Cinders, Sounds like you deserve a smooth ride this time. Fingers crossed.

Congratulations Sadie23 very exciting :beer:

I can't wait till Thursday. Every day seems to drag! :rotfl:

mrs_M

@natbag - Thanks, its very frustrating - refreshing my emails every 5 mins today in the hopes of a 'you've exchanged' email! - Have to ask, I recognise your username from another forum, are you a paper-crafter?

@cinders - hope everything goes well

@Sadie23 :T :T :T

cjmillsnun

Natbag wrote: »

Good luck HGW2012, hope all goes well!
mrs M - sorry to hear that, it's so frustrating when people go at a snail's pace.
Flowerpower - yep, it certainly is.

I'm awaiting a call from my EA to tell us our buyers' thoughts on their electrician friend's report from yesterday. He spent 3 hours checking every socket, switch and behind every appliance in the place then told them the house needs a new fuse box (I disagree) and an RCD for the bathroom lights. Sigh. We should be ready to exchange and I can feel it all going wrong again.

Why just an RCD for the bathroom lights. The current regs require RCDs for all fixed wiring. That said if the electrics are in good condition then they count as C3 defects (rectification advised but not necessary). These EICRs look at the current regs rather than those in force at the time of installation and therefore will invariably find defects. As someone else said if that’s all there is then it really is nothing to worry about. The most expensive thing there is the consumer unit change (which would rectify the RCD situation at the same time) which would only be £500 at absolute top whack in central London. Other areas would be a lower price.

juniordoc

About time I joined in properly and posted my timeline, me and my partner are FTB after 6 years of saving a deposit!
We are buying a 2 bed flat (1900 built house recently converted into 2 flats), leasehold and it's currently vacant, we are in rented atm.
-14/8 Offer accepted
-16/8 Mortgage application submitted
-17/8 Mortgage application denied - Nationwide classing as a "new build" and won't lend more than 80% LTV
-17/8 Solicitor number 1 instructed,
-21/8 Solicitor no 1 tells us they are representing the vendor and can't also represent us
5 day holiday in Porto *woooo*
-30/8 Solicitor number 2 instructed, new mortgage application submitted
-14/9 Valuation and Homebuyer Report - some issues with shared roof, damp and under-floor ventilation
-18/9 New mortgage offer approved
2 entire weeks pass, still no contract documents received from vendors solicitors, apparently the delay is to due to them drafting the lease
2/10 Our solicitor confirms contract documents received, searches applied for

I rang our solicitor this morning and apparently she still has not had a chance to read through the contract documents and will be in touch "in due course". I'm anticipating we might need to meet her to discuss the survey results and negotiating the terms of the lease, but she is showing no signs of wanting to meet with us

Cinders:

toc25 & mrs M - thank you very much :beer:

Cinders:

juniordoc wrote: »

About time I joined in properly and posted my timeline, me and my partner are FTB after 6 years of saving a deposit!
We are buying a 2 bed flat (1900 built house recently converted into 2 flats), leasehold and it's currently vacant, we are in rented atm.
-14/8 Offer accepted
-16/8 Mortgage application submitted
-17/8 Mortgage application denied - Nationwide classing as a "new build" and won't lend more than 80% LTV
-17/8 Solicitor number 1 instructed,
-21/8 Solicitor no 1 tells us they are representing the vendor and can't also represent us
5 day holiday in Porto *woooo*
-30/8 Solicitor number 2 instructed, new mortgage application submitted
-14/9 Valuation and Homebuyer Report - some issues with shared roof, damp and under-floor ventilation
-18/9 New mortgage offer approved
2 entire weeks pass, still no contract documents received from vendors solicitors, apparently the delay is to due to them drafting the lease
2/10 Our solicitor confirms contract documents received, searches applied for

I rang our solicitor this morning and apparently she still has not had a chance to read through the contract documents and will be in touch "in due course". I'm anticipating we might need to meet her to discuss the survey results and negotiating the terms of the lease, but she is showing no signs of wanting to meet with us

Sounds like you've had a bit of a shaky start, but hopefully the rest will be plain sailing. How long are the searches taking in your area?

Natbag

Cinders: wrote: »

It sounds as if your buyers might be trying to get a reduction in price. Hopefully it can be sorted out quickly, with minimal fuss. Were you hoping to exchange soon?

Yes, within the next week. We knocked £5k off after our first sale fell through and stated 'offers over'. This couple saw it at the higher price but missed out, then viewed it at the lower price and we accepted their first, lowest offer so I'd be loathed to start negotiating on price now. Got the feeling we won't have a choice if we don't want it all to fall through again

Natbag

Good luck Cinders, hope all goes well for you too this time.
Surrey_EA, thanks. Apparently our EA has received the report, so they obviously have something to discuss over it otherwise they wouldn't have submitted it to them. Sigh.
Sadie23 - congratulations! Happy new home day!
mrs M - yes! Or at least I used to be, not so much these days though.
cjmillsmum - thanks for the info. He said he'd put a few C2s down. I'm not happy that he's not an unbiased source though, being a friend of theirs.
juniordoc - welcome! Hope all goes smoothly for you. The waiting is the worst!