The NEW waiting to exchange thread...

mm1985

gab3x said:

fleur8 said:

gab3x said:

Well everyone seems like we are about to exchange at 4pm on Friday 🤞 

As in, in 6 minutes time?!

Yes, now waiting to hear back from the solicitor. How long does it take??

Good luck! Hope it all went through 👍

gab3x

It's done, we exchanged and we're moving on 8th of January!!! Joy

badger09

badger09 said:

badger09 said:

Finally decided to post our timeline, which is bound to spell disaster!

28/7 Our ‘niche/marmite’ house live on RM

25/8 2 identical below asking offers from 2nd viewing, & another who viewed today. Told EA to seek ‘best & final’ offers by 27th

27/8 both increased offers to above asking price. Viewed house we are buying - in torrential rain (+ 1 other)

28/8 accepted our buyers’ offer even though £4k lower than other offer. Solicitor lined up

29/8 2nd viewing on house we are buying – in sunshine (+ 2 others). Negotiated below asking offer direct with seller (PBricks)

1/9 buyer does his own survey. All OK (house built late 1950s, extended 1990s) Exchanged contact details. He mentions end October completion if possible

2nd offer couple ask EA if another £10k will change our minds. Decide he might be a chancer, so stick with our agreement

2/9 seller’s offer accepted on onward purchase, mortgage application done. Wanted to buy this ‘forever’ home for years. Offered privately. Its tenanted, tenants will be out by end October, but they will move in with parents if any delay. Alarm bells ring but this is repeated on several conversations. EA dismissive about my concern over issues re evicting tenants

5/9 buyers get their mortgage offer. Sales & Purchase packs received from solicitor  

7/9 Homebuyers survey done on purchase (no mortgage)

8/9 Completed Property Information Form, Fittings & Contents etc. Solicitor already has contract papers re purchase (PPL)

11/9 Homebuyers Survey received – nothing untoward, valued at offer price

17/9 contract papers to buyers’ conveyancer (Countrywide Conveyancing). Contract papers re purchase received

22/9 our solicitor raises enquiries re purchase

7/10 buyer says their chain is ok, all mortgage offers in place, waiting for searches. Doesn’t know if solicitor has raised any enquiries on contract paperwork.

8/10 I phoned solicitor for update. Buyers solicitors have lost our pre contract paperwork! No replies to enquiries to sellers’ solicitors. Searches not yet received.

Seller says tenants in onward purchase ‘being awkward’. Alarm bells & sirens now going off. Very unsettled all weekend

13/10 solicitor phones, sellers not going ahead with sale. She said it was odd as on 9th she received replies to most enquiries.  Devastated; can’t lose sale as our house not easy to sell (failed 3 years ago). Decide to view others & look for rented. 

In view of friendly relationship with seller, decide to message to try a work around. Costed rental, storage, hassle factor etc etc we would offer sellers more, to cover additional SDLT they might pay due to delay. Wonder if we’re completely mad.

14/10 view chain free house, but too many compromises. Resigned to renting. Seller contacts me. Equally devastated by turn of events. What did we have in mind? We offered additional money if they completed to original timescale. They discussed with parents & accepted. Instructed their solicitor same day. I updated our solicitor. Immense relief.

20/10 single enquiry from buyers solicitor, reply same day

22/10 seller confirmed all enquiries dealt with. They are working towards completion mid November. Already sold some furniture. I feel much happier about whole situation.

23/10 receive 14 page ‘Client Report’ and half a rainforest of paperwork & replies to enquiries on our purchase. Solicitor on holiday next week

24/10 updated buyers. He will chase solicitor re only one enquiry. Sent me list of 10 enquiries, supposedly sent by conveyancer 8/10 BUT mine told me 13/10 she’d received only 1 enquiry.

27/10 Our solictor says list of 10 enquiries was received 26th by email. Somebody has been less than honest!

28/10 visited our new house to check boundaries with Title plan, chatted with sellers. Children excited to be staying with grandparents, boxes everywhere. Replied to Client Report.

31/10/20 today buyer tells me they’ve taken reduction on their sale in order to keep chain intact.

No chickens being counted – but all hopefully committed. Now for the COVID announcement!

Congratulations if you've got this far. You're either bored, or like me, derive some comfort from knowing you're not alone on this rollercoaster. Anyway, it has helped me to 'share'   

 

Haven't felt like posting update, but here goes:
18/11/20 solicitor phones, working through final batch of paperwork from sellers' solicitor when email pings. Basically, their onward purchase has been withdrawn from sale. As they were only selling so they could buy that particular property, which we knew, they also had to withdraw from sale. Devastated, for 2nd time, but this time its not recoverable.

Can't risk losing sale of our 'marmite' house this time, so have to think about renting. Honestly, can't think straight about anything.  

Spoke to our buyers who basically said, if we don't buy 'our house name' we're not moving. Tell them we'll look for rental immediately. It is their searches which are the hold up, so they check with their buyer who checks with their FTB - all agree that if they can't complete by 4th December (virtually impossible as search not expected until 27/11) they'd rather keep going with view to complete early January. 

Now trying to persuade landlord of new build, that a couple in their 70s, with guaranteed pension income, substantial savings, house equity well over £500k, non smoking non pet owners, prepared to pay several months up front if necessary, are suitable candidates. This is in an area with dozens of 4 bed properties available - aimed at students. But unlike them, we have no history as tenants!

Surrounded by boxes labelled for our new house, can't sleep, constant sick headache.
So, to all those who say glibly 'why don't you move into rented'? In the middle of lockdown with Christmas & New Year approaching, it really isn't always that simple.

Grateful to son in Hong Kong for being available to 'chat' at all hours of night (for me), but I wish he was here for a proper hug. 
Apologies - feeling very sorry for myself & easier to talk to strangers.

Congratulations to all who have completed their journey.  

I've posted between this (20th November) and today on other's situations but thought I'd update on ours.

We had a flurry of conflicting emails this morning from our buyer, who is in touch with chain below, saying he was still hopeful of exchange today as agreed, and 'Progress chaser' from our EA who said solicitor of FTB at bottom of chain wasn't ready! Resigned to the fact it wouldn't happen today, but would 'probably' happen early next week, I relaxed. 

Solicitor phoned 15.20  - she was very surprised, but not half as surprised as I was. We have exchanged! (On sale)

Still hasn't sunk in and can't believe I've just posted this.

ccfc1972

badger09 said:

badger09 said:

badger09 said:

Finally decided to post our timeline, which is bound to spell disaster!

28/7 Our ‘niche/marmite’ house live on RM

25/8 2 identical below asking offers from 2nd viewing, & another who viewed today. Told EA to seek ‘best & final’ offers by 27th

27/8 both increased offers to above asking price. Viewed house we are buying - in torrential rain (+ 1 other)

28/8 accepted our buyers’ offer even though £4k lower than other offer. Solicitor lined up

29/8 2nd viewing on house we are buying – in sunshine (+ 2 others). Negotiated below asking offer direct with seller (PBricks)

1/9 buyer does his own survey. All OK (house built late 1950s, extended 1990s) Exchanged contact details. He mentions end October completion if possible

2nd offer couple ask EA if another £10k will change our minds. Decide he might be a chancer, so stick with our agreement

2/9 seller’s offer accepted on onward purchase, mortgage application done. Wanted to buy this ‘forever’ home for years. Offered privately. Its tenanted, tenants will be out by end October, but they will move in with parents if any delay. Alarm bells ring but this is repeated on several conversations. EA dismissive about my concern over issues re evicting tenants

5/9 buyers get their mortgage offer. Sales & Purchase packs received from solicitor  

7/9 Homebuyers survey done on purchase (no mortgage)

8/9 Completed Property Information Form, Fittings & Contents etc. Solicitor already has contract papers re purchase (PPL)

11/9 Homebuyers Survey received – nothing untoward, valued at offer price

17/9 contract papers to buyers’ conveyancer (Countrywide Conveyancing). Contract papers re purchase received

22/9 our solicitor raises enquiries re purchase

7/10 buyer says their chain is ok, all mortgage offers in place, waiting for searches. Doesn’t know if solicitor has raised any enquiries on contract paperwork.

8/10 I phoned solicitor for update. Buyers solicitors have lost our pre contract paperwork! No replies to enquiries to sellers’ solicitors. Searches not yet received.

Seller says tenants in onward purchase ‘being awkward’. Alarm bells & sirens now going off. Very unsettled all weekend

13/10 solicitor phones, sellers not going ahead with sale. She said it was odd as on 9th she received replies to most enquiries.  Devastated; can’t lose sale as our house not easy to sell (failed 3 years ago). Decide to view others & look for rented. 

In view of friendly relationship with seller, decide to message to try a work around. Costed rental, storage, hassle factor etc etc we would offer sellers more, to cover additional SDLT they might pay due to delay. Wonder if we’re completely mad.

14/10 view chain free house, but too many compromises. Resigned to renting. Seller contacts me. Equally devastated by turn of events. What did we have in mind? We offered additional money if they completed to original timescale. They discussed with parents & accepted. Instructed their solicitor same day. I updated our solicitor. Immense relief.

20/10 single enquiry from buyers solicitor, reply same day

22/10 seller confirmed all enquiries dealt with. They are working towards completion mid November. Already sold some furniture. I feel much happier about whole situation.

23/10 receive 14 page ‘Client Report’ and half a rainforest of paperwork & replies to enquiries on our purchase. Solicitor on holiday next week

24/10 updated buyers. He will chase solicitor re only one enquiry. Sent me list of 10 enquiries, supposedly sent by conveyancer 8/10 BUT mine told me 13/10 she’d received only 1 enquiry.

27/10 Our solictor says list of 10 enquiries was received 26th by email. Somebody has been less than honest!

28/10 visited our new house to check boundaries with Title plan, chatted with sellers. Children excited to be staying with grandparents, boxes everywhere. Replied to Client Report.

31/10/20 today buyer tells me they’ve taken reduction on their sale in order to keep chain intact.

No chickens being counted – but all hopefully committed. Now for the COVID announcement!

Congratulations if you've got this far. You're either bored, or like me, derive some comfort from knowing you're not alone on this rollercoaster. Anyway, it has helped me to 'share'   

 

Haven't felt like posting update, but here goes:
18/11/20 solicitor phones, working through final batch of paperwork from sellers' solicitor when email pings. Basically, their onward purchase has been withdrawn from sale. As they were only selling so they could buy that particular property, which we knew, they also had to withdraw from sale. Devastated, for 2nd time, but this time its not recoverable.

Can't risk losing sale of our 'marmite' house this time, so have to think about renting. Honestly, can't think straight about anything.  

Spoke to our buyers who basically said, if we don't buy 'our house name' we're not moving. Tell them we'll look for rental immediately. It is their searches which are the hold up, so they check with their buyer who checks with their FTB - all agree that if they can't complete by 4th December (virtually impossible as search not expected until 27/11) they'd rather keep going with view to complete early January. 

Now trying to persuade landlord of new build, that a couple in their 70s, with guaranteed pension income, substantial savings, house equity well over £500k, non smoking non pet owners, prepared to pay several months up front if necessary, are suitable candidates. This is in an area with dozens of 4 bed properties available - aimed at students. But unlike them, we have no history as tenants!

Surrounded by boxes labelled for our new house, can't sleep, constant sick headache.
So, to all those who say glibly 'why don't you move into rented'? In the middle of lockdown with Christmas & New Year approaching, it really isn't always that simple.

Grateful to son in Hong Kong for being available to 'chat' at all hours of night (for me), but I wish he was here for a proper hug. 
Apologies - feeling very sorry for myself & easier to talk to strangers.

Congratulations to all who have completed their journey.  

I've posted between this (20th November) and today on other's situations but thought I'd update on ours.

We had a flurry of conflicting emails this morning from our buyer, who is in touch with chain below, saying he was still hopeful of exchange today as agreed, and 'Progress chaser' from our EA who said solicitor of FTB at bottom of chain wasn't ready! Resigned to the fact it wouldn't happen today, but would 'probably' happen early next week, I relaxed. 

Solicitor phoned 15.20  - she was very surprised, but not half as surprised as I was. We have exchanged! (On sale)

Still hasn't sunk in and can't believe I've just posted this.

Awesome news, congratulations.

youth_leader

I've finally heard something nine weeks on, thankfully.  I chased my vendor's EA for an update by email eight days ago without response, but left a message today which she has responded to.  Seems there is a 'note' on the file saying my vendor has asked her solicitor to exchange early February.  I'm in rented- my fixed term tenancy runs out on 7 Feb - to leave on 6 Feb I would have to give notice on 6 January, which I can't do.   Luckily I can go onto a statutory periodic monthly contract, good to have a timeline at last.

Jenjen

gab3x said:

It's done, we exchanged and we're moving on 8th of January!!! Joy

Us too! (You're not in Lancashire are you? ). It's been a stressful road to get here and I've been more of a lurker than a poster but I'm so happy that everything is finally sorted and we can enjoy Christmas with a fixed plan for the new year. 

kenneth77

Final search back for us and looks like it's a case of solicitors going though everything before sorting contracts. Our solicitors are 200 miles away, our buyer in similar situation due to online agents recommendation so does anyone know how to you received and sign all required documents? Last time we used a local solicitor and popped in the office to sort 

gab3x

Jenjen said:

gab3x said:

It's done, we exchanged and we're moving on 8th of January!!! Joy

Us too! (You're not in Lancashire are you? ). It's been a stressful road to get here and I've been more of a lurker than a poster but I'm so happy that everything is finally sorted and we can enjoy Christmas with a fixed plan for the new year. 

Congrats to you as well We are moving from zone 2 London to Surrey. Cannot wait!

badger09

Jenjen said:

gab3x said:

It's done, we exchanged and we're moving on 8th of January!!! Joy

Us too! (You're not in Lancashire are you? ). It's been a stressful road to get here and I've been more of a lurker than a poster but I'm so happy that everything is finally sorted and we can enjoy Christmas with a fixed plan for the new year. 

Same dates for us (Shropshire). Exchanged yesterday, completion 8th Jan. All our stuff being packed 6th & going into storage on 7th - so glad I paid deposit for these dates!. Moving to temporary furnished in Wales in full lockdown 7th or 8th, then hopefully back to Shropshire as soon as purchase can be finalised. 

Lots of hassle after 20 years here in a 'marmite' house we've loved but looking forward to the next phase and an easier life for however long we have left

tigerlily74

kenneth77 said:

Final search back for us and looks like it's a case of solicitors going though everything before sorting contracts. Our solicitors are 200 miles away, our buyer in similar situation due to online agents recommendation so does anyone know how to you received and sign all required documents? Last time we used a local solicitor and popped in the office to sort 

We printed ours off and couriered them back, we could have posted them but were in a rush.