The NEW waiting to exchange thread...

mm1985

Mineral1 said:

Last minute glitch that's so annoying, how are these things not all sorted weeks in advance given how long the whole process takes. Best of luck for tomorrow!

Our last minute glitch was our buyers solicitors losing their signed contracts 🤦🏻‍♀️

Stand_up_Juno

rachtom84 said:

We've finally exchanged.. Solicitor has sent money to seller and we're waiting for when we can collect keys!!

Good luck everyone in your house buying/selling process...
This has been a long two year wait for us and its finally ended! 

Fantastic news. As I've only been waiting a year (not your two) then I can only half imagine how relieved and ecstatic you must be!

Well done. 

amandacat

mm1985 said:

Mineral1 said:

Last minute glitch that's so annoying, how are these things not all sorted weeks in advance given how long the whole process takes. Best of luck for tomorrow!

Our last minute glitch was our buyers solicitors losing their signed contracts 🤦🏻‍♀️

It’s awful isn’t it when you’re expecting to exchange on a certain day and then you can’t. I’d hoped to go into this weekend knowing my move was set in stone while I was packing. I’ll still be packing but it’s in the back of my mind that it still could collapse. I can see why they say house moves are one of the most stressful life events. 

mm1985

amandacat said:

mm1985 said:

Mineral1 said:

Last minute glitch that's so annoying, how are these things not all sorted weeks in advance given how long the whole process takes. Best of luck for tomorrow!

Our last minute glitch was our buyers solicitors losing their signed contracts 🤦🏻‍♀️

It’s awful isn’t it when you’re expecting to exchange on a certain day and then you can’t. I’d hoped to go into this weekend knowing my move was set in stone while I was packing. I’ll still be packing but it’s in the back of my mind that it still could collapse. I can see why they say house moves are one of the most stressful life events. 

I got an email today saying that our solicitor has spoken to all parties and confirmed exchange for Monday but just like you I would have liked the peace of mind going into the weekend. I’ll be packing too but definitely not as much as I would had done if we’d exchanged today. Instead I’ll probably have a super busy Tuesday trying to get everything sorted for the move on Wednesday 

WorkHealth

We are just selling and our transaction now ready for exchange but just waiting for buyers transaction to be ready and theirs started 5 weeks before ours. 

lf93

Our chain has got a bit longer which is concerning. Beforehand it was our buyer - us - our vendor. Searches due back soon so on track to complete before end of March. Now our vendor has offered on a house (which is empty). EA thinks it'll all be fine to go through together before March. I really don't think so! They mentioned renal accom for our vendors to break the chain, I hope they were serious because if it is all delayed beyond March because of this new addition we would either reduce our offer or pull out... 

Caz_Mnaz

Eurgh just seen this morning that our buyers house appeared back on rightmove for sale... Am assuming someone will update us? Knew it was going too well.... 😂🤦‍♀️

amandacat

lf93 said:

Our chain has got a bit longer which is concerning. Beforehand it was our buyer - us - our vendor. Searches due back soon so on track to complete before end of March. Now our vendor has offered on a house (which is empty). EA thinks it'll all be fine to go through together before March. I really don't think so! They mentioned renal accom for our vendors to break the chain, I hope they were serious because if it is all delayed beyond March because of this new addition we would either reduce our offer or pull out... 

We’re selling to a FTB, they are desperate to complete before the stamp duty holiday ends. We were originally looking to buy but everything seemed to be in a further chain and I couldn’t be sure we would complete in time. So we agreed go into rented which to be honest suits us as it gives us more time and I remember how hard it can be as a FTB so we broke the chain as we felt this was the fairest thing to do. It’s a shame not everyone thinks that way. I hope you get completed in time but definitely reduce your offer if not as they shouldn’t have changed their mind last minute. 

amandacat

Caz_Mnaz said:

Eurgh just seen this morning that our buyers house appeared back on rightmove for sale... Am assuming someone will update us? Knew it was going too well.... 😂🤦‍♀️

Oh no, that’s awful to find out that way. If it’s any comfort, our first buyer pulled out and we got another offer within a couple of days. If exchange happens by Tuesday as planned then the whole sale will have only taken 2 months for us so it can move quickly if all solicitors are on board and all parties respond to queries quickly. 

Tiglet2

amandacat said:

lf93 said:

Our chain has got a bit longer which is concerning. Beforehand it was our buyer - us - our vendor. Searches due back soon so on track to complete before end of March. Now our vendor has offered on a house (which is empty). EA thinks it'll all be fine to go through together before March. I really don't think so! They mentioned renal accom for our vendors to break the chain, I hope they were serious because if it is all delayed beyond March because of this new addition we would either reduce our offer or pull out... 

We’re selling to a FTB, they are desperate to complete before the stamp duty holiday ends. We were originally looking to buy but everything seemed to be in a further chain and I couldn’t be sure we would complete in time. So we agreed go into rented which to be honest suits us as it gives us more time and I remember how hard it can be as a FTB so we broke the chain as we felt this was the fairest thing to do. It’s a shame not everyone thinks that way. I hope you get completed in time but definitely reduce your offer if not as they shouldn’t have changed their mind last minute. 

First time buyers haven't had to pay stamp duty on properties up to £300k since 2017 and 5% between £300k and £500k, so does the stamp duty holiday affect them?