We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The NEW waiting to exchange thread...
Options
Comments
-
Congratulations!!!GN2020 said:We got our mortgage offer this morning! 😃
Just waiting for the solicitors to do their thing now, may have to look at the no search indemnity insurance though as the council for the area we’re buying aren’t doing any searches until the end of January due to a massive backlog! 😩
Hopefully it’ll all go well from now ok though, our solicitor has been very good so far so I’m not overly worried about anything now!FTB 🙂
05/10/20 DIP
10/10/20 Offer made on property
12/10/20 Instructed solicitors
16/10/20 Mortgage application made
10/11/20 Solicitors received the contract pack from vendor and started the searches
18/11/20 Homebuyers survey + mortgage valuation conducted
19/11/20 Survey report and valuation received
20/11/20 Drainage and environmental search back, waiting on personal search. Initial enquires sent to vendors solicitor01/12/20 Mortgage offer received 🎉
07/12/20 Final search and enquires back25/01/21 Exchanged 🎉
29/01/21 Completed on our first home 🏡1 -
Finally able to join in here.
House was on the market for 4 months - found a buyer and somewhere to go, and then both fell through!
New buyer and new house purchase - hope this time it goes a little smoother!5 -
Our buyer has mortgage offer! One step closer. Our offer expires at the end of Jan, need to really push to get the legals through. Luckily our purchase is all done ready to exchange. Really worried about the timescale especially with Xmas in the mix though.Debt free Feb 2021 🎉2
-
Completed today, so relieved and pleased!
Chain free, 4 months, many enquiries but we got there.
House looks as good as I remember, just the rather large puddle sitting against the front wall of the house to deal with (we had 48 hours of snow and rain.) Didn't view in wet weather and its a good 4 inches deep so will be one of first things to look into - drainage! Should have worn my wellies!6 -
Was hoping to have everything done before Christmas but its been pushed back till next month.0
-
Congrats, busy weekend ahead of you but it is all good work - nestingChilli6 said:Completed today, so relieved and pleased!
Chain free, 4 months, many enquiries but we got there.
House looks as good as I remember, just the rather large puddle sitting against the front wall of the house to deal with (we had 48 hours of snow and rain.) Didn't view in wet weather and its a good 4 inches deep so will be one of first things to look into - drainage! Should have worn my wellies!
0 -
-
This was discussed here. https://forums.moneysavingexpert.com/discussion/6220523/exactly-why-you-don-t-want-a-long-gap-between-exchange-and-completion/p1gab3x said:Something to stress about:
https://www.thetimes.co.uk/edition/money/45k-cost-of-house-sale-that-fell-apart-when-property-chain-collapsed-llg2xhxv0What I took away from that thread is it’s a very rare problems, most solicitors see it happen once or twice in their careers. Probably caused by one of the borrowers hiding debts or financial problems and it was only found after exchange. Horrible situation but not a new/frequentl thing.Mortgage - £274,000 to pay
WEAR A MASK1 -
Yes, it does say 0.1%, thanks for the linkBad_Accountant said:Horrible situation but not a new/frequentl thing.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards