The NEW waiting to exchange thread...

sarcal3813

Contract and mortgage deed received by solicitors on Thursday. Waiting for the sellers solicitors to send over some paperwork. Still keeping everything crossed for completion 20th Nov. 

madwife260

So we exchanged today, ready for completion next Friday, 20th!!! Finally we can start getting a little excited....and nervous too!!!

Drawingaline

New buyer seems keen, mortgage application in, solicitors appointed draft contracts sent out. Fingers crossed it all goes well and we exchange and complete in Jan. Before Xmas would be fab, (our purchase is ready to exchange, so it's like they are buying chain free in most ways) but I am not putting that ridiculous amount of pressure onto us by expecting it. As long as they have a mortgage offer and initial enquiries answered by Xmas I will be happy. EA want this to go through as both sale and purchase are with the same agency. Need to get this over the line or we are staying put.

zodiac55

Searches instigated 15th September. Drainage isn’t back yet...however EA spoke to solicitors and apparently ‘end of November’ is what is being worked towards.

Offer accepted: 26th August
Mortgage offer: 15th September
Searches instigated: 15th September
Local and environmental search back: 6th October
Survey completed: 6th October
Drainage search back: ???
Exchange: ‘possibly end of November’

Chilli6

KE48 said:

Chilli6 said:

Getting closer... (no chain purchase) 
July 24th - offer accepted
Early August - mortgage offer
Late August - searches/Enquiries started
11th November - enquiries finally sorted. signed contract. Waiting for nationwide to OK the indemnities. 

Aiming to exchange and complete week of 23rd.... We will see

Out of interest, how long did your searches take?

I'm not completely sure as I find my solicitor tells me very little! They seemed only two or three weeks as enquiries from those then took much longer, only just being completed now. 

KE48

Chilli6 said:

KE48 said:

Chilli6 said:

Getting closer... (no chain purchase) 
July 24th - offer accepted
Early August - mortgage offer
Late August - searches/Enquiries started
11th November - enquiries finally sorted. signed contract. Waiting for nationwide to OK the indemnities. 

Aiming to exchange and complete week of 23rd.... We will see

Out of interest, how long did your searches take?

I'm not completely sure as I find my solicitor tells me very little! They seemed only two or three weeks as enquiries from those then took much longer, only just being completed now. 

Thanks! I did think it sounded like an awful long time. Good luck with the move! 

vkvp

Chilli6 said:

Getting closer... (no chain purchase) 
July 24th - offer accepted
Early August - mortgage offer
Late August - searches/Enquiries started
11th November - enquiries finally sorted. signed contract. Waiting for nationwide to OK the indemnities. 

Aiming to exchange and complete week of 23rd.... We will see

Hi, if I may ask what indemnities did you have to take? I'm in similar situation for BR indemnity, just wondering how long bank takes to accept or consider the request? 

sarahjanelodge

I'm stressing was sopose to exchange last Tuesday but now my solicitor has found a leasehold lasting 999 years from 1939 on the freehold property we are buying and has insisted it be removed. He states it won't have no immediate impact but thinks our lender won't release funds because of it. Sellers solicitors has applied to land registry but this can take ages right.... ?! 😢😭

Secretsusie

Secretsusie said:

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. 

We made it, very stressful last two weeks, due to sellers solicitor not answering queries ( I became detective and got the missing fensa, electrical and heating certificates myself)  but finally exchanged 13th with completion set at 20th November. 
So 9 weeks from offer to completion,  with a very simple chain, no mortgages, my buyer didn't have searches or survey, my searches and survey were completed within a week. All could have been done within 6 weeks if sellers solicitors had answered queries.
Booking removals has also been difficult. But fingers crossed it will all go smoothly. 

Chilli6

vkvp said:

Chilli6 said:

Getting closer... (no chain purchase) 
July 24th - offer accepted
Early August - mortgage offer
Late August - searches/Enquiries started
11th November - enquiries finally sorted. signed contract. Waiting for nationwide to OK the indemnities. 

Aiming to exchange and complete week of 23rd.... We will see

Hi, if I may ask what indemnities did you have to take? I'm in similar situation for BR indemnity, just wondering how long bank takes to accept or consider the request? 

I had 3 indemnities. Something to do with mines and minerals, lack of building regs for an extension and something to do with a drain through the garden. As you can tell I know little about their actual purpose but the solicitor felt them important!
They sent them to NW 28th Oct and we have yet to hear back. The EA said they usually take a few days but could be a week in current times. We're obviously now at 3 weeks so I'm hoping they will reply in time to exchange and complete week of 23rd.