The NEW waiting to exchange thread...

tombolonova1

I'm so fed up. Solicitors have everything to exchange but getting them to actually do it is impossible. Been waiting all week. Need to exchange today or we'll have to agree another completion date. One solicitor says they are waiting for the other and vice versa. Why are solicitors all so bad? I've not come across a good one yet!

mm1985

tombolonova1 said:

I'm so fed up. Solicitors have everything to exchange but getting them to actually do it is impossible. Been waiting all week. Need to exchange today or we'll have to agree another completion date. One solicitor says they are waiting for the other and vice versa. Why are solicitors all so bad? I've not come across a good one yet!

This process has confused. How exactly is exchange initiated? We have been told exchange will happen today or Monday for a move on Wednesday (this is after our first exchange/completion got cancelled) but do solicitors put a time in the diary for exchange or do they just fit it in when they can? 

Good luck and I really hope you exchange today

tombolonova1

mm1985 said:

tombolonova1 said:

I'm so fed up. Solicitors have everything to exchange but getting them to actually do it is impossible. Been waiting all week. Need to exchange today or we'll have to agree another completion date. One solicitor says they are waiting for the other and vice versa. Why are solicitors all so bad? I've not come across a good one yet!

This process has confused. How exactly is exchange initiated? We have been told exchange will happen today or Monday for a move on Wednesday (this is after our first exchange/completion got cancelled) but do solicitors put a time in the diary for exchange or do they just fit it in when they can? 

Good luck and I really hope you exchange today

We need to exchange 4/5 days before completion so mortgage funds and help to buy isa bonus can be claimed. I believe exchange is just a phone call between the solicitors, but getting them to talk to each other is a uphill battle

mm1985

tombolonova1 said:

mm1985 said:

tombolonova1 said:

I'm so fed up. Solicitors have everything to exchange but getting them to actually do it is impossible. Been waiting all week. Need to exchange today or we'll have to agree another completion date. One solicitor says they are waiting for the other and vice versa. Why are solicitors all so bad? I've not come across a good one yet!

This process has confused. How exactly is exchange initiated? We have been told exchange will happen today or Monday for a move on Wednesday (this is after our first exchange/completion got cancelled) but do solicitors put a time in the diary for exchange or do they just fit it in when they can? 

Good luck and I really hope you exchange today

We need to exchange 4/5 days before completion so mortgage funds and help to buy isa bonus can be claimed. I believe exchange is just a phone call between the solicitors, but getting them to talk to each other is a uphill battle

Our funds have been drawn down before exchange. They were requested on Tuesday and should be in the solicitors client account today apparently. I can’t see exchange happening today as solicitors are usually so busy with completions so I’m really hoping ours happens on Monday at the latest 

VintageHistorian

FTB_Help said:

Doodlebugs said:

.

When we found out there were tenants we asked for proof that notice had been served as they’d given us different dates of when it had been. We were told they couldn’t send a copy of the notice for GDPR reasons but their lettings manager emailed to confirm the date they had to vacate by. Was also neither of the dates the estate agent gave us, funnily enough. 

From the vendors solicitor we have received a copy of the notice. But as the tenants are intending to leave before the notice date, we also have an email from the lettings manager to confirm that date. Not sure how much weight I give an email from an estate agent though! 

Definitely can't trust agents!

When we booked our first viewing "they'll be out by Christmas" the EA told us! Of course that was all poo poo.

Our vendor has some sort of agreement with another solcitor (not dealing with the selling side) where some cash will be paid to the tennats to leave early,  chasing for a copy of that to tick as proof provided.

Also tempted to go for a 3rd visit closer to the time to measure up (and also have a sneak peak at hopfully, signs of packing!)

I'm just lurking on this thread as we're not currently selling, but the house I'm in right now was previously let out to students and they were tenants when we started the buying process.

On the advice of our solicitor (and based on the fact that the agents were clearly trying to get us to sign them up to let the place out, despite us telling them repeatedly that WE were going to live in the house) we refused to exchange contracts until I'd been to the house and seen that it was empty and everyone had moved out. Solicitor said it also meant I could check nothing had been damaged (potentially out of spite) while they moved out.

In our case it was all fine, nothing had been damaged and the place was indeed empty. But if you view before they leave then you don't know what will happen in the intervening period. You might also find it's harder to gain access when people are living there due to Covid. If it's empty then there's no reason for anyone to decline.

FTB_Help

VintageHistorian said:

FTB_Help said:

Doodlebugs said:

.

When we found out there were tenants we asked for proof that notice had been served as they’d given us different dates of when it had been. We were told they couldn’t send a copy of the notice for GDPR reasons but their lettings manager emailed to confirm the date they had to vacate by. Was also neither of the dates the estate agent gave us, funnily enough. 

From the vendors solicitor we have received a copy of the notice. But as the tenants are intending to leave before the notice date, we also have an email from the lettings manager to confirm that date. Not sure how much weight I give an email from an estate agent though! 

Definitely can't trust agents!

When we booked our first viewing "they'll be out by Christmas" the EA told us! Of course that was all poo poo.

Our vendor has some sort of agreement with another solcitor (not dealing with the selling side) where some cash will be paid to the tennats to leave early,  chasing for a copy of that to tick as proof provided.

Also tempted to go for a 3rd visit closer to the time to measure up (and also have a sneak peak at hopfully, signs of packing!)

I'm just lurking on this thread as we're not currently selling, but the house I'm in right now was previously let out to students and they were tenants when we started the buying process.

On the advice of our solicitor (and based on the fact that the agents were clearly trying to get us to sign them up to let the place out, despite us telling them repeatedly that WE were going to live in the house) we refused to exchange contracts until I'd been to the house and seen that it was empty and everyone had moved out. Solicitor said it also meant I could check nothing had been damaged (potentially out of spite) while they moved out.

In our case it was all fine, nothing had been damaged and the place was indeed empty. But if you view before they leave then you don't know what will happen in the intervening period. You might also find it's harder to gain access when people are living there due to Covid. If it's empty then there's no reason for anyone to decline.

Thanks, yes we're due to visit the day they leave (before we exchange) to do checks.

They did allow a structural engineer in, mid Dec (tier 4) to check something out for us (along with lender valuation and surveyor in Oct) and were accommodating for these visits, which im hoping it is because the vendor is offering them a big sum to leave a month early.

Fingers crossed 🤞  toes crossed everything works out as planned.

Im ftb so no chain my side, just want to get in there before stamp duty holiday.

Doodlebugs

FTB_Help said:

Definitely can't trust agents!

When we booked our first viewing "they'll be out by Christmas" the EA told us! Of course that was all poo poo.

Our vendor has some sort of agreement with another solcitor (not dealing with the selling side) where some cash will be paid to the tennats to leave early,  chasing for a copy of that to tick as proof provided.

Also tempted to go for a 3rd visit closer to the time to measure up (and also have a sneak peak at hopfully, signs of packing!)

Ahh yes, we had the whole ‘they will be out before Christmas’ and ‘they’re leaving mid-Jan’ from the estate agents. We knew it wasn’t true because we’d spoken to the tenants ourselves. We also had our vendors asking us for more money so they could pay the tenants to leave early. We said we’re happy to wait instead. 

I think my daily walk, closer to the date they’re leaving, might take me past the house, just to be nosy. 

rachtom84

Arrrrr anxiously waiting for an email update from my solicitors to say exchange and completion has happened........ 

mm1985

rachtom84 said:

Arrrrr anxiously waiting for an email update from my solicitors to say exchange and completion has happened........ 

good luck 🤞 hope you get it soon 

rachtom84

Still waiting for the sellers solicitors to do the final checks on their file.... Arrrrr