The NEW waiting to exchange thread...

MaryNB

MaryNB said:

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.

Today is the third day I've given authority to exchange. Still silence from the top of the chain.  I'm conscious I'm about to exchange on a house so may sure I respond to any calls or emails asap. I dunno why we keep hitting this wall of silence. If I don't exchange in time to give notice on my flat on Monday, I'm on the hook for rent until the end of Jan instead of the end of December. 

I am so annoyed and frustrated. They were the ones who suggested exchanging last Friday and yet have been dragging this out without any explanation.

badger09

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...

Oh Jadek I really feel for you, especially after that length of time.

Our vendor pulled out 8 days ago. Seems much longer due to lack of sleep since then! as we are determined to proceed with sale. Can't get 6 month rental but friend offered lifeline of furnished bungalow over an hour away in Wales. Beggars can't be choosers, its much better than Premier Inn and we're so grateful.

Viewed 2 other properties and 2 more lined up. Yesterday, decided to go for 2nd viewing on one we'd seen Friday, EA says offer made 30 mins ago . I stress our position, ie looking to exchange on sale before Christmas, complete early Jan, and have temp accommodation lined up. We're allowed to view immediately, but must make offer by close of business. Make clear to vendors that we want it, will match asking but won't engage in bidding war. Offer to EA very slightly above asking. Accepted this morning - so we're back on the rollercoaster.

Trying to be philosophical about this one and if doesn't work out, we're taking a break over Christmas as its affecting our health. Will look again in January. 

gingerlex

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...

Oh no! That's awful :-( 

Bad_Accountant

fiwen30 said:

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!

Congratulations! Hope you you get the call soon!

MaryNB

MaryNB said:

MaryNB said:

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.

Today is the third day I've given authority to exchange. Still silence from the top of the chain.  I'm conscious I'm about to exchange on a house so may sure I respond to any calls or emails asap. I dunno why we keep hitting this wall of silence. If I don't exchange in time to give notice on my flat on Monday, I'm on the hook for rent until the end of Jan instead of the end of December. 

I am so annoyed and frustrated. They were the ones who suggested exchanging last Friday and yet have been dragging this out without any explanation.

After three false starts I finally exchanged. YAY!! 🥳. Moving in tomorrow.

HoopyNJ

HoopyNJ said:

Thought I'd finally post here as things are moving super quickly and it's all getting very exciting! We're FTBs and the sellers have no chain.

• 22/08/20 - First viewing - fell in love but we'd only seen 5 houses by that point so wanted to keep options open.
• 27/09/20 - Second viewing, which confirmed our decision that the house was the one for us.
• 28/08/20 - Offer made, a bit of back and forthing and final offer accepted.
• Then we had the bank Holiday weekend, awful timing!
• 03/09/20 - Mortgage application submitted via broker
  
• 04/09/20 - Solicitors formally instructed
• 14/09/20 - all documentation finally sent to solicitor (We had to wait for a few bits and bobs like a gift letter etc)
• 17/09/20 - Mortgage approved
• 23/09/20 - Solicitor confirmed we were happy with mortgage offer. 
•  Got a call on 01/10/20 from the estate agent of all people who advised that the sellers had forgotten to complete a piece of paperwork and the sellers solicitor was just sitting on it. 
• 02/10/20 - Homebuyers report and contract pack received, enquiries raised by our solicitor. Searches commenced.

• 19/11/20 - Searches FINALLY back
• 25/11/20 - told by estate agent that our solicitor had received the responses to the final enquiries and had them on her desk.

Have heard nothing since yesterday, I imagine they are drawing up the report on title? Does anyone know how long this normally takes? I don't want to be that annoying person chasing every 5 minutes but  I'm so anxious to get a date so I can book time off work as my diary is filling up and I have fewer and fewer days available before Christmas!   

Drawingaline

Our report took about a week I think from the enquires coming back. There were then three final enquiries which took a bit longer. And then we lost our buyer......so now ready to exchange bin the purchase and back to the beginning with the sale!

katie91_2

I don’t know how much more of this I can take. We’re still no further on with our purchase after 3 1/2 months due to the chain collapsing twice. We accepted an offer on our flat this week (which we can keep, but are hoping to sell as we’d rather not be landlords) and the buyer pulled out literally AN HOUR after the memorandum was issued. It seems like nothing is going right and we’re getting nowhere. I am so fed up.

ThriftyGinger

Huge sympathy @katie91_2 - that's absolutely awful.

Just had my homebuyers report back, finally - there's nothing major in there. I asked whether the sellers had had their electrics and gas safety certificates to hand and... no, they've not had them checked, because apparently all the electrics and the boiler were new 2 years ago when they moved in so they didn't feel the need. I've had to ask them to go and do it. !!!!!!, their lack of due diligence all the way through, between this and the problems with the lease extension, has really held everything up. We're nearing the five month mark since the offer and I would have liked to have been in before Christmas!

Navigaor31

Just had an email from solicitor saying the last search is now not expected back until 18th December. ... There goes the hope of being in before Christmas.

They have suggested to the sellers that we set up ready for completion though, so that as soon as the search is back we are good to go and have been asked preference of dates.  So all in all its very positive and still a short time frame seeing as we only put our offer in October. So I can't really complain! 

There's a mild hope the search returns early I guess? Hahahah.

(I just want out of the in-laws house now!  Hahah)