The NEW waiting to exchange thread...

breakfast_epiphanies

The Christmas waiting game.... we could have exchanged/completed last week, but as Christmas got closer others in the chain didn’t want to. We could have done it next week, but everything’s closed. So the 5th January it is.... two weeks of twiddling my thumbs and packing. 

kenneth77

Anyone calling solicitors today for updates or is it pointless?! Will they be winding down and ready to close. Ours is open over the break other tjan the bank holidays although buyers solicitors and one we buying are not. We believe almost everything has been completed and waiting for contracts and reports and then arrange dates?! 

kenneth77

Update called mine, they going through stuff over the Xmas break and anticipate exchange and completion mid to late January 

tink_1983

We where due to exchange yesterday for completion on 5th jan. Only to get a call from my solicitor yesterday to say buyer has pulled out. No reasons cited, they walked away. Broken hearted, but trying to stay positive. House back on rightmove and hopeful to still be able to buy the house we want if we can get new buyer asap. Fingers crossed for you all :-)

tink_1983

calamityjenny said:

tink_1983 said:

We where due to exchange yesterday for completion on 5th jan. Only to get a call from my solicitor yesterday to say buyer has pulled out. No reasons cited, they walked away. Broken hearted, but trying to stay positive. House back on rightmove and hopeful to still be able to buy the house we want if we can get new buyer asap. Fingers crossed for you all :-)

Oh that's rubbish, you must be totally gutted - we were ready to exchange, but our purchase has gone belly up too, the sellers don't seem to want to actually move - so we're hunting for a new house in the new year.  Got to stay positive, hope your house sells again quickly.

Totally gutted yeh. Itll work out as it's meant to. I try to remember that and that I cant control the uncontrollable. 
Being positive but tbh I'm devastated and my enthusiasm for Christmas has died. But my kids dont know and to young to understand so we carry on :-) 
Good luck to you too 

badger09

Drawingaline said:

Ok removal company just got back to me, they had one van available on the 27th Jan!!!! So paid the deposit and every thing is now in the hands of fate I suppose.

Correct decision! Keeping everything crossed for you.

badger09

tink_1983 said:

We where due to exchange yesterday for completion on 5th jan. Only to get a call from my solicitor yesterday to say buyer has pulled out. No reasons cited, they walked away. Broken hearted, but trying to stay positive. House back on rightmove and hopeful to still be able to buy the house we want if we can get new buyer asap. Fingers crossed for you all :-)

That is awful! Hope you find a new buyer very quickly.

Our vendors pulled out (twice) but we've managed to exchange on sale & start purchase process on another place, whose buyers also pulled out on 'agreed' exchange date. We're all living in what looks like a self storage/Amazon type warehouse.

JasonLastName

13/10 Offer accepted
11/11 Homebuyer Report, Searches and mortgage offer received
Since the 11/11 I have been told just waiting on leasehold management pack. Called EA for udpates and they said vendors purchase is complete and just waiting on vendors solicitor sending info (or receiving it from management) to my solicitor. Is this typical wait period? I'm a FTB its making me anxious as im approaching the end of my renting tenancy (can't extend as housemate is moving out).

Is it acceptable to keep ringing the EA every week for an update? My solicitor emailed to say we received some replies to enquiries on the 16/12 but that there were still a few outstanding as well as the management pack.

once received the management pack, assuming no issues (humour me...) how long could I expect to complete after this point?

Driving myself a bit crazy thinking about this everyday.

Moonrat

WiseOwl00 said:

17/10 - viewed property + put in an offer lower than asking price. 
18/10 - vendor asked for higher offer (still under asking price). Offer accepted. 
20/10 - information passed to estate agents. All solicitors instructed. 
26/10 - applied for mortgage (10% with Nationwide).
27/10 - Nationwide arranged date for valuation.
03/11 - Nationwide conducted valuation. 
10/11 - Nationwide asked for more information, mortgage advisor. Supplied.
12/11 - solicitor received contract pack. Paid solicitor fees + searches sent.
25/11 - mortgage offer received.
22/12 - searches due back (nearly 6 weeks after requesting!) 

It's been 10 weeks since our offer was accepted, and still no exchange/completion date. This is on top of the 12 weeks we wasted on the  house we had an offer accepted on previously, where the vendors completely dragged us along! All together it's been 23 weeks since we started the house buying process, and I've watched so many people I know buy homes along the way. Hoping for end of January/early February, but won't hold my breath. 🤞🏻

I could've written this!

We had our offer accepted on 2/10, so we're around 12 weeks in and had to pull out of a previous purchase. Our searches were returned on 22/12 but our solicitor has been far from responsive. We weren't even sure they'd sent off for searches until they came back because we'd had no correspondence for 8 weeks!
So far the searches are the only info we've had from them, but I'm assuming they must've completed the enquires?
Got sent our mortgage confirmation stuff from the solicitors 23/12 also. 

Hoping we can exchange/complete next month... But not gonna hold my breath either! 

WiseOwl00

Moonrat said:

WiseOwl00 said:

17/10 - viewed property + put in an offer lower than asking price. 
18/10 - vendor asked for higher offer (still under asking price). Offer accepted. 
20/10 - information passed to estate agents. All solicitors instructed. 
26/10 - applied for mortgage (10% with Nationwide).
27/10 - Nationwide arranged date for valuation.
03/11 - Nationwide conducted valuation. 
10/11 - Nationwide asked for more information, mortgage advisor. Supplied.
12/11 - solicitor received contract pack. Paid solicitor fees + searches sent.
25/11 - mortgage offer received.
22/12 - searches due back (nearly 6 weeks after requesting!) 

It's been 10 weeks since our offer was accepted, and still no exchange/completion date. This is on top of the 12 weeks we wasted on the  house we had an offer accepted on previously, where the vendors completely dragged us along! All together it's been 23 weeks since we started the house buying process, and I've watched so many people I know buy homes along the way. Hoping for end of January/early February, but won't hold my breath. 🤞🏻

I could've written this!

We had our offer accepted on 2/10, so we're around 12 weeks in and had to pull out of a previous purchase. Our searches were returned on 22/12 but our solicitor has been far from responsive. We weren't even sure they'd sent off for searches until they came back because we'd had no correspondence for 8 weeks!
So far the searches are the only info we've had from them, but I'm assuming they must've completed the enquires?
Got sent our mortgage confirmation stuff from the solicitors 23/12 also. 

Hoping we can exchange/complete next month... But not gonna hold my breath either! 

Luckily our solicitor is good at replying. She was with us with the first property we were trying to buy and the vast majority of times I've spoken to her has literally just been "still waiting on the other side". I think our solicitor has written a list of enquiries and will be sending them once she's reviewed the searches early January? I'm in contact with our seller and they are pretty much packed and ready to go, same as us! I've just received such little information, we haven't even got the fixtures and fittings form through yet and the seller sent it a month ago to their solicitors. 

I'm setting my expectations more for February now, but feel like that's even optimistic with how the last 6 months have gone!