The NEW waiting to exchange thread...

HoopyNJ

Jadek said:

So, offer was accepted in March, after almost nine long months we were finally due to exchange on Friday just gone, with completion happening this Friday coming (27th). We failed to exchange on Friday because the seller hadn't confirmed the completion date, which at the time I put down to a breakdown of communication somewhere. It meant that completion would be pushed back, but I thought, nevermind, as long as we exchange before the end of the month so that we can give notice on our rental.

Monday morning, I get a call to say the seller has pulled out. 

Nine months and £2k~ in fees down the drain. Honestly it's the wasted time that stings the most. 

So we're back to square one. I've lined up four viewings for Friday and if none of them are any good then we might just give it a break for a bit and start looking again in the new year. We're trying to see it as an opportunity to find something nicer...

I'm so sorry! I can't imagine how disappointed you must feel.

Chilli6

Finally got a proposed completion date of 4th December. 
The mortgage lender had asked for more info on the lack of PP of the extension, they got confirmation there was no PP this week and decided all was OK. Not quite sure what that was all about but I'm happy it's getting close now! 

MaryNB

sarcal3813 said:

Can anyone tell me what happens on the day of completion? We’re buying an empty house and not moving straight in. I’m just wondering if I’ll need the day off work or anything? 

You'll need to pick up the keys and take meter readings to set up utilities. And then contact the relevant utility companies (the ones listed on the PIF) to set up accounts.

You may want to take the afternoon off but no point in taking the full day off. Completion probably won't happen until around lunchtime. 

MaryNB

MaryNB said:

MaryNB said:

MaryNB said:

sarcal3813 said:

MaryNB said:

sarcal3813 said:

So we’ve waited patiently all week with no update from the solicitors to say if Friday (tomorrow) would go ahead as our exchange and completion date. 

I’m going to phone them in the morning and get an update 🤞

I'm in a similar position. Supposed to exchange tomorrow (completing next week) but have heard nothing from the sellers' solicitor since my solicitor confirmed the contract and deposit were ready to go. EA confirmed on Monday that the sellers (and their sellers) want to exchange tomorrow.  My solicitor and the EA were chasing today but I still haven't heard anything.

It’s so frustrating isn’t it! It’s like a rollercoaster ride. 

Best of luck for you, I hope you manage to exchange tomorrow still. 🤞

Hope your exchange is going better than mine!

Got a call from the estate agent this morning saying my solicitors told him they were waiting for something from me, or there was an outstanding enquiry. Eh, what?!! Rang them, the didn't say anything of the sort. While I had asked for a copy of the original deeds on Monday, I said it was a nice to have and I didn't want it to hold up exchange. My solicitor told the seller's solicitor on Wednesday that we were ready for Friday. I gave her my signed contract, mortgage deed and 10% deposit first thing Wednesday morning. 

Estate agent said he'd chase. I've heard nothing since 10am. My solicitor finishes work in an hour. 

After chasing all day I finally find out there are several enquiries outstanding on my seller's onward purchase. Really annoyed nobody let me know until the proposed day of exchange was nearly over. The silence was deafening.  
Hopefully we can exchange next week. 

Solicitor just emailed to say Halifax confirmed they will release funds on Friday and she asked me for my authority to exchange. Completion still on target for the 27th despite the delay to exchange. SO EXCITED!!!

Aghhhh! Once again someone in the chain is incorrectly blaming me for holding things up. My solicitor confirmed funds this morning and I gave authority to exchange. Just got a call from the EA to say he's been told they're waiting on confirmation of funds from me 🤦. Rang my solicitor and she said she's been told it's the top end of the chain that's holding things up.

WorkingHard

Well that's it we've exchanged and I can now have a good nights sleep!

Good luck everyone waiting x

Navigaor31

I'm trying to be patient. 
We have done the whole preliminary checks of property information forms. We are purely waiting for the local authority search. All others are back. 

Help to buy ISA are closed and statements on their way. 

After that we are discussing completion dates... I'm really hoping we get some sort of update this week!

The not knowing is worse than waiting for a job interview decision.  I don't really care when we move just want a date to work towards. 

sarcal3813

22/08 - Offer accepted
22/09 -Mortgage application in and new solicitor appointed
07/10 - Mortgage offer received 
31/10 - Searches back (not sure when they were sent for) 
02/12 - Exchange and completion 🤞

ParkingBad

sarcal3813 said:

22/08 - Offer accepted
22/09 -Mortgage application in and new solicitor appointed
07/10 - Mortgage offer received 
31/10 - Searches back (not sure when they were sent for) 
02/12 - Exchange and completion 🤞

what caused the hold up between offer acceptance and mortgage application?

sarcal3813

ParkingBad said:

sarcal3813 said:

22/08 - Offer accepted
22/09 -Mortgage application in and new solicitor appointed
07/10 - Mortgage offer received 
31/10 - Searches back (not sure when they were sent for) 
02/12 - Exchange and completion 🤞

what caused the hold up between offer acceptance and mortgage application?

The solicitor we originally had wasn’t on panel with the mortgage lender we had to choose for financial reasons, so we had to sign up with a new one. 

fiwen30

Completion day today! Just waiting on that call from the EA to confirm receipt of funds, and then we can go and get the keys!