The NEW waiting to exchange thread...

WiseOwl00

Does anyone know how long it roughly takes for the lender to reply to something raised by the solicitor? Our solicitor has had to let our lender know that one of the rooms in the house is not classed as a bedroom, and she just wants to double check they didn't value it as a 4-bed instead of a 3. Fairly certain they did just value it as a 3 as that's what it says on our mortgage offer, and on the house listing. She did this over a week ago now and still waiting to hear back. How long should I expect to wait? Weeks? Months? 

jonners666

badger09 said:

jonners666 said:

Our buyer apparently submitted their mortgage application last week, but we've had no contact about booking in a survey. 

This was booked pretty much the next day when we sent ours off - is it taking longer at the moment, or with different lenders?  

Some lenders are simply doing 'Desk top' survey/valuations, so a physical survey might not take place.

Ah okay - we had a bank valuation for our original sale, which fell through, so we imagined that if it ends up being the same surveying firm then they're unlikely to come out and revalue 4 months later. 

oniongirl

badger09 said:

oniongirl said:

badger09 said:

oniongirl said:

Things people said to me on Friday that did not make me feel great, 22nd January edition:
My estate agent: "If we don't have a date by then, then something is REALLY wrong", when I mentioned our broker says we need to apply for an extension on the 1st Feb at the latest because this has been going on since July.
My conveyancer: "I'm surprised you're still carrying on", when asked if there was an end in sight.

Oh no, I'm not surprised you're feeling down again. I haven't checked on your posts, but are your buyers ok with the continuing delay? IIRC, you don't have to move and are happy where you are. I guess at this stage, that is something to keep focussed on. 

Yes, I guess so - they just reapplied for a new mortgage as theirs expired before ours! They are FTBs and our property is (now) priced very competitively; we accepted their offer shortly before the stamp duty announcement and since then prices have gone up ~£20k. They've also spent a LOT of money on various reports and inspections. 

You're right. We can stay put. But we torture ourselves every weekend when we go on our walks as we walk by the house (it's "on the way" to the countryside) and fall more in love with the area! Oh well. It'll be fine, whatever happens.

Walking past every weekend sounds a bit masochistic .
I'm taking the opposite approach and not even looking at the photos and floorplan online. Not wise to go and look for real, as we're in Wales & house is in Shropshire. Just can't get enthusiastic about this purchase. However, my son in HK is making up for it, by constantly looking at the photos & noticing different things. He's also already bagged 'his' bedroom, in the unlikely event he'll be allowed in the country any time soon.

Solicitor phoned this morning to say earliest those higher up the chain will exchange is Mon 1st with completion Thurs 4th, and a COVID rider. I'd hoped to exchange by this Friday at the latest, but I've lost the will to argue. 

I think I will choose the phrase "naively hopeful".... We have planned to the last detail what will go where and what we'd like to buy and change... if we're going to be heartbroken, I want to be wailing-on-the-floor heartbroken, not just normal house fell through sad.

The 4th is next week! Exciting! Fingers crossed!

Anty21

badger09 said:

oniongirl said:

badger09 said:

oniongirl said:

Things people said to me on Friday that did not make me feel great, 22nd January edition:
My estate agent: "If we don't have a date by then, then something is REALLY wrong", when I mentioned our broker says we need to apply for an extension on the 1st Feb at the latest because this has been going on since July.
My conveyancer: "I'm surprised you're still carrying on", when asked if there was an end in sight.

Oh no, I'm not surprised you're feeling down again. I haven't checked on your posts, but are your buyers ok with the continuing delay? IIRC, you don't have to move and are happy where you are. I guess at this stage, that is something to keep focussed on. 

Yes, I guess so - they just reapplied for a new mortgage as theirs expired before ours! They are FTBs and our property is (now) priced very competitively; we accepted their offer shortly before the stamp duty announcement and since then prices have gone up ~£20k. They've also spent a LOT of money on various reports and inspections. 

You're right. We can stay put. But we torture ourselves every weekend when we go on our walks as we walk by the house (it's "on the way" to the countryside) and fall more in love with the area! Oh well. It'll be fine, whatever happens.

Walking past every weekend sounds a bit masochistic .
I'm taking the opposite approach and not even looking at the photos and floorplan online. Not wise to go and look for real, as we're in Wales & house is in Shropshire. Just can't get enthusiastic about this purchase. However, my son in HK is making up for it, by constantly looking at the photos & noticing different things. He's also already bagged 'his' bedroom, in the unlikely event he'll be allowed in the country any time soon.

Solicitor phoned this morning to say earliest those higher up the chain will exchange is Mon 1st with completion Thurs 4th, and a COVID rider. I'd hoped to exchange by this Friday at the latest, but I've lost the will to argue. 

At least you have dates for both - everything crossed for you that it happens then, it’s such an emotional rollercoaster 

Anty21

oniongirl said:

badger09 said:

oniongirl said:

Things people said to me on Friday that did not make me feel great, 22nd January edition:
My estate agent: "If we don't have a date by then, then something is REALLY wrong", when I mentioned our broker says we need to apply for an extension on the 1st Feb at the latest because this has been going on since July.
My conveyancer: "I'm surprised you're still carrying on", when asked if there was an end in sight.

Oh no, I'm not surprised you're feeling down again. I haven't checked on your posts, but are your buyers ok with the continuing delay? IIRC, you don't have to move and are happy where you are. I guess at this stage, that is something to keep focussed on. 

Yes, I guess so - they just reapplied for a new mortgage as theirs expired before ours! They are FTBs and our property is (now) priced very competitively; we accepted their offer shortly before the stamp duty announcement and since then prices have gone up ~£20k. They've also spent a LOT of money on various reports and inspections. 

You're right. We can stay put. But we torture ourselves every weekend when we go on our walks as we walk by the house (it's "on the way" to the countryside) and fall more in love with the area! Oh well. It'll be fine, whatever happens.

We are guilty of this too - and looking online at the photos/floor plans, hope you will soon have some answers and an idea of when you can exchange & complete  

badger09

oniongirl said:

badger09 said:

oniongirl said:

badger09 said:

oniongirl said:

Things people said to me on Friday that did not make me feel great, 22nd January edition:
My estate agent: "If we don't have a date by then, then something is REALLY wrong", when I mentioned our broker says we need to apply for an extension on the 1st Feb at the latest because this has been going on since July.
My conveyancer: "I'm surprised you're still carrying on", when asked if there was an end in sight.

Oh no, I'm not surprised you're feeling down again. I haven't checked on your posts, but are your buyers ok with the continuing delay? IIRC, you don't have to move and are happy where you are. I guess at this stage, that is something to keep focussed on. 

Yes, I guess so - they just reapplied for a new mortgage as theirs expired before ours! They are FTBs and our property is (now) priced very competitively; we accepted their offer shortly before the stamp duty announcement and since then prices have gone up ~£20k. They've also spent a LOT of money on various reports and inspections. 

You're right. We can stay put. But we torture ourselves every weekend when we go on our walks as we walk by the house (it's "on the way" to the countryside) and fall more in love with the area! Oh well. It'll be fine, whatever happens.

Walking past every weekend sounds a bit masochistic .
I'm taking the opposite approach and not even looking at the photos and floorplan online. Not wise to go and look for real, as we're in Wales & house is in Shropshire. Just can't get enthusiastic about this purchase. However, my son in HK is making up for it, by constantly looking at the photos & noticing different things. He's also already bagged 'his' bedroom, in the unlikely event he'll be allowed in the country any time soon.

Solicitor phoned this morning to say earliest those higher up the chain will exchange is Mon 1st with completion Thurs 4th, and a COVID rider. I'd hoped to exchange by this Friday at the latest, but I've lost the will to argue. 

I think I will choose the phrase "naively hopeful".... We have planned to the last detail what will go where and what we'd like to buy and change... if we're going to be heartbroken, I want to be wailing-on-the-floor heartbroken, not just normal house fell through sad.

The 4th is next week! Exciting! Fingers crossed!

I really do hope this works out for you after all this time.

I did the wailing-on-the-floor-heartbroken when we lost our previous purchase in October and again, finally, on 18th November (not that the date is etched in my mind). Against our better judgement, we had planned where everything would go, what new furniture to buy, and I'd even bought a 'statement' lamp for the hall. I think I'm now in self preservation mode, so won't get excited until its definitely happening.

I am looking forward to being able to sleep in my own bed, and use my own pans, kitchen equipment & glasses though

Nile_E_Coyote

We are near enough ready to set a completion date. Have had to renegotiate with the seller for some pretty big works on the survey though.

Initiated it yesterday and heard nothing yet.

tigerlily74

My solicitor has also
reported some things to the lender today. I hope they are still happy to lend and we get a response this week! It’s hard not
to get super stressed out. I think she has decided to get on and do as much as she can while we still wait for this last thing.

Nile_E_Coyote

tigerlily74 said:

My solicitor has also
reported some things to the lender today. I hope they are still happy to lend and we get a response this week! It’s hard not
to get super stressed out. I think she has decided to get on and do as much as she can while we still wait for this last thing.

My solicitor doesn't seem to want to do anything. He told us to go to the lender to talk about lack of buikding reg issues etc. 

Is that normal?

JessJ23425

Getting very worried now!
Completion still planned for Friday, but solicitor had to send a final enquiry regarding some S106 agreement yesterday - still not exchanged. Have completion statement and waiting on confirmation to get the rest sent but it's cutting it fine now.