The NEW waiting to exchange thread...

TrudieinLondon

Trouble is if you dont hear anything for weeks you start to wonder if everything is still going ahead. I once had a seller drop out and wasn't informed about it by anyone until I saw a new for sale notice outside the house.  I think if I ever did this again I would make sure I chose a solicitor with some sort of formal communications policy in place, even if it's just an online portal you could check on.

kenneth77

Tiglet2 said:

kenneth77 said:

How often is everyone contacting for updates? Rang yesterday afternoon and just waiting for the ok from one solicitor in chain on enquiries they had, everyone wants to proceed ASAP and are otherwise ready so just waiting on solicitors to communicate to each other. Is it worth calling or emailing daily or should I leave them to it and wait to be called? 

Do you think emailing/calling every day helps the solicitor do his work?  It is well known that conveyancers are struggling to cope with the pandemic and the stamp duty holiday so if you want to impede their progress go ahead.  Clients often call/email asking if they can help speed things up.  What they actually do is slow things down.  I'm sorry if that sounds harsh, but the reality is that there is nothing a client can do to speed things except for respond quickly when asked to.  Otherwise it's in the hands of third parties, of which you have no control.

While i appreciate the intention of this unfortunately had it not for us previously contacting our solicitors for an update did we find there had been a error in something passed to us after a misunderstanding with someone in the chain. Had we not have contacted for updates then who knows when we or they have actually found this out, so contacting them isn't always a bad idea 

ccfc1972

We're having an absolute nightmare with this!
We were due to exchange this week with a view to complete on Friday but last week an issue came up with the purchase of the Freehold. Apparently the correct paperwork had not been received. It appears they are now expecting this on Thursday but it will be too late to exchange/complete on Friday. 
So, top of the chain is now suggesting we exchange on the 15th and complete on the 22nd (one week between)
Bottom of the chain (our buyers) solicitor is suggesting we change a few days before completion.
Our solicitors for our purchase are strongly advising a simultaneous exchange/completion.
How on EARTH are we supposed to get everyone on the same page? And why does it seem like it is my job? 🙈

Caz_Mnaz

ccfc1972 said:

We're having an absolute nightmare with this!
We were due to exchange this week with a view to complete on Friday but last week an issue came up with the purchase of the Freehold. Apparently the correct paperwork had not been received. It appears they are now expecting this on Thursday but it will be too late to exchange/complete on Friday. 
So, top of the chain is now suggesting we exchange on the 15th and complete on the 22nd (one week between)
Bottom of the chain (our buyers) solicitor is suggesting we change a few days before completion.
Our solicitors for our purchase are strongly advising a simultaneous exchange/completion.
How on EARTH are we supposed to get everyone on the same page? And why does it seem like it is my job? 🙈

oh that sounds a NIGHTMARE! Our bottom of chain have asked if we can go into temporary accommodation....for the sake of perhaps 2 weeks I'm pretty reluctant! Nothing wrong with our purchase it's ticking along nicely, just we lost a fortnight on the rest of the chain due to isolating!!

ccfc1972

Caz_Mnaz said:

ccfc1972 said:

We're having an absolute nightmare with this!
We were due to exchange this week with a view to complete on Friday but last week an issue came up with the purchase of the Freehold. Apparently the correct paperwork had not been received. It appears they are now expecting this on Thursday but it will be too late to exchange/complete on Friday. 
So, top of the chain is now suggesting we exchange on the 15th and complete on the 22nd (one week between)
Bottom of the chain (our buyers) solicitor is suggesting we change a few days before completion.
Our solicitors for our purchase are strongly advising a simultaneous exchange/completion.
How on EARTH are we supposed to get everyone on the same page? And why does it seem like it is my job? 🙈

oh that sounds a NIGHTMARE! Our bottom of chain have asked if we can go into temporary accommodation....for the sake of perhaps 2 weeks I'm pretty reluctant! Nothing wrong with our purchase it's ticking along nicely, just we lost a fortnight on the rest of the chain due to isolating!!

We really might have to do the same if it drags on a week longer. Our buyers' mortgage offer runs out on the 25th Jan, so even the 22nd is pushing it and they will be panicking more than us even i'm sure. When I spoke to him he didn't even understand the difference between exchange and completion, which isn't ideal haha.
But we've always known we may have to break the chain and just get ours sold if the purchase drags on. We thought we were finally sorted and were going to be able to complete at the same time, but that may not now be the case.

Caz_Mnaz

ccfc1972 said:

We really might have to do the same if it drags on a week longer. Our buyers' mortgage offer runs out on the 25th Jan, so even the 22nd is pushing it and they will be panicking more than us even i'm sure. When I spoke to him he didn't even understand the difference between exchange and completion, which isn't ideal haha.
But we've always known we may have to break the chain and just get ours sold if the purchase drags on. We thought we were finally sorted and were going to be able to complete at the same time, but that may not now be the case.

Do you have somewhere to go? We are relatively lucky in that we can move back with respective parents and we have no kids, but it's a farce I can do without as I'm still going to be working from home (ie my old room at my mums?!) and have a high pressure job. If it means saving my sale then I will have to consider it though!

Totally forgot about mortgage offer cut off dates....I have until June. SURELY I'll be ok...….?

ccfc1972

Caz_Mnaz said:

ccfc1972 said:

We really might have to do the same if it drags on a week longer. Our buyers' mortgage offer runs out on the 25th Jan, so even the 22nd is pushing it and they will be panicking more than us even i'm sure. When I spoke to him he didn't even understand the difference between exchange and completion, which isn't ideal haha.
But we've always known we may have to break the chain and just get ours sold if the purchase drags on. We thought we were finally sorted and were going to be able to complete at the same time, but that may not now be the case.

Do you have somewhere to go? We are relatively lucky in that we can move back with respective parents and we have no kids, but it's a farce I can do without as I'm still going to be working from home (ie my old room at my mums?!) and have a high pressure job. If it means saving my sale then I will have to consider it though!

Totally forgot about mortgage offer cut off dates....I have until June. SURELY I'll be ok...….?

We do...sort of!
My wife's parents only live down the road, but they are re-decorating so would probably mean all 3 of us cramming into an attic on matresses. Plus they live with the wife's Grandma, who is in her late 80s, so not ideal COVID-wise.
Just hoping it doesn't come to that.
I'm sure you'll be fine with June 😂

mm1985

We’ve just set another completion date of 20th so really hoping it all works out this time. Our buyers buyers are going over to have one last look at the house this evening so fingers crossed that now doesn’t bring up any issues 

badger09

Haven’t been around much due to very stressful move into temp accommodation in Wales in freezing fog.  

Had to make several unplanned last minute 3hour round trips as my car failed MOT 2 days before move. 

Most of our stuff now in storage but don’t know how long we’ll be before house purchase goes through (IF it goes through, 1st didn’t, buyers changed their minds 3 months in) so had to plan for several months here. 

Huge frustration as no internet & laptop refuses to tether to phone. Was ok with previous phone, but that chose to die day before exchange, taking all my house moves notes, contacts etc with it😡
Finally managed to respond to solicitors report on next purchase, yesterday. No lie, paperwork she sent weighs over 1kg. Resorted to 3 photos of parts of my letter sent by email.  

Still sleep deprived, tearful & definitely alcohol dependant but still here on the rollercoaster. 

Good luck to everyone else hoping to exchange/ complete soon

tigerlily74

Good luck badger! I hope things start to improve for you!