The NEW waiting to exchange thread...

retepetsir

oniongirl said:

Got an email from our sellers' agents last night at 7pm, to inform us that their mortgage offer expires in 2 weeks, everyone is ready and can we all please agree for completion on the 5th, less than two weeks away. We would have to exchange this Friday to give our Lender enough time to release our mortgage funds.

Still not sure whether our buyer has their new mortgage offer back yet (the valuation was on Wednesday last week). There are NO removals available at this short notice, although our agent recommended a "budget" firm who are coming over today for a quote who do have some space. Turns out our solicitors know them too, and think they're top blokes, so fingers crossed their quote really is budget!

Trying to stay calm, but failing miserably! 

Sounds like us, it's gone from 3 weeks time with a week between Exchange and Completion, to moving next Thursday and not even having Exchanged.

janoid19

I've eventually been given a completion date of 19th Feb! 

Getting very real now so very exciting! 

rachlikeswinter

rachlikeswinter said:

JessJ23425 said:

rachlikeswinter said:

For those of you using a LISA as all or part of your deposit - how long did it take for the solicitor to draw down the money? I paid half my deposit last Friday, the other half is in the LISA. After they acknowledged receipt they’ve given me the formal ‘are you happy to exchange’ email and set a completion date. But the money is currently still in my LISA account... just wondering when it’ll disappear! I signed the withdrawal permission form about 3 months ago. 

Weird feeling actually wanting all of my money to get out of my life ha. 

We used Skipton and contacted them a day after the declarations were received, they just asked us what day to send the money to the solicitor! We're running a bit late on everything and they sent it the next working day for us no problems.

Lostthegame said:

rachlikeswinter said:

For those of you using a LISA as all or part of your deposit - how long did it take for the solicitor to draw down the money? I paid half my deposit last Friday, the other half is in the LISA. After they acknowledged receipt they’ve given me the formal ‘are you happy to exchange’ email and set a completion date. But the money is currently still in my LISA account... just wondering when it’ll disappear! I signed the withdrawal permission form about 3 months ago. 

Weird feeling actually wanting all of my money to get out of my life ha. 

My LISA was with Moneybox, it took about a week from me contacting them to withdraw the LISA to them sending the money to my solicitor.

Thanks both - I'm with Skipton so I'll drop them a line today to see if they need me to authorise or something.

Update - turns out Skipton haven't received anything from my Solicitor whatsoever. Called my solicitor (miraculously she actually answered herself and not one of her admin people) and she was like 'Oh yeah we haven't sent you the Investor declaration, you need to do that'. !!!!!!. So just downloaded it and sent it back to them, to send to Skipton. They've been so rubbish with stuff like this - they emailed me the mortgage deeds to sign weeks ago, then after so many unanswered emails and phone calls telling them I don't have a printer, yesterday they were like "Where are your signed mortgage deeds" I'm like - seriously. So they've now APPARENTLY printed them off for me and sent them recorded to me to sign.

So the email they sent saying "We are now in a position to exchange, give us your money" was complete nonsense.

oniongirl

retepetsir said:

oniongirl said:

Got an email from our sellers' agents last night at 7pm, to inform us that their mortgage offer expires in 2 weeks, everyone is ready and can we all please agree for completion on the 5th, less than two weeks away. We would have to exchange this Friday to give our Lender enough time to release our mortgage funds.

Still not sure whether our buyer has their new mortgage offer back yet (the valuation was on Wednesday last week). There are NO removals available at this short notice, although our agent recommended a "budget" firm who are coming over today for a quote who do have some space. Turns out our solicitors know them too, and think they're top blokes, so fingers crossed their quote really is budget!

Trying to stay calm, but failing miserably! 

Sounds like us, it's gone from 3 weeks time with a week between Exchange and Completion, to moving next Thursday and not even having Exchanged.

We didn't even have a guesstimate of when it was going to be! We were just getting ready to apply for a new mortgage because the end seemed so far away.

Now everyone is rushing around like mad trying to get things in place.

Had a call from my agents: our buyers' mortgage offer was indeed back. But unfortunately it had the wrong term on it, and that'll take at least 48 hours to come back

2 minutes later, our agent rings back to say actually, their solicitors have already received the corrected offer, they're just checking it then the mortgage deed needs signing, and then they're ready too.

I can't take all this flipflopping!

badger09

retepetsir said:

So, time for an update...

Finally received all the paperwork last week for searches, conveyencer report, mortgage deed, transfer form and contract to review and sign. The seller's solicitor had got two names wrong on the contract so that wasn't a good start! Our solcitior used tip-ex to correct it, haha.

We'd provisionally booked in 16th February due to removals availability, which everyone seemed happy with, and hoped to Exchange this week.

Fast forward to this week - received an email from our solicitor yesterday to say that the lady we are buying from, who's in a care home, has tested positive for Covid-19 . Due to her already ill health they are not sure if she will recover. Her family were selling on her behalf as they have Power of Attorney, but this would disappear if the worst were to happen and they'd then need to apply for probate!!!

They still want to get it all through and hopefully she will recover, but in doing so they've asked to Complete asap. I've rung around and gone with our fourth choice of removal company who were also twice as expensive, but they have a cancellation for Thursday 4th. It's going to cost over £1,000 more but in the grand scheme of things, isn't much to pay if it means we get the house we want?

So it looks like we could be moving a week today and probably Exchanging on the same day. Panic! Ahhhhhhhhhhhhhh 

It also means I don't have the 2+ weeks usually needed to do things like move broadband, so that could cause some issues with my work and the kids home schooling - I may need to work out a tethering solution. 

  
Oh no! My advice would be get it over the line, whatever it takes. The last thing you need is a Probate sale should the worst happen (with apologies to the owner's family).

An extra £1k will be a drop in the ocean. Our moving costs more than doubled when we had to move into temp accommodation, but its only money

I posted earlier about lack of broadband. We're both coping with 80GB mobile package £20 each. Way over the top for my needs, but husband is watching live sport most days and still within the allowance.

Fingers crossed you can move very quickly

badger09

oniongirl said:

Got an email from our sellers' agents last night at 7pm, to inform us that their mortgage offer expires in 2 weeks, everyone is ready and can we all please agree for completion on the 5th, less than two weeks away. We would have to exchange this Friday to give our Lender enough time to release our mortgage funds.

Still not sure whether our buyer has their new mortgage offer back yet (the valuation was on Wednesday last week). There are NO removals available at this short notice, although our agent recommended a "budget" firm who are coming over today for a quote who do have some space. Turns out our solicitors know them too, and think they're top blokes, so fingers crossed their quote really is budget!

Trying to stay calm, but failing miserably! 

Keeping everything crossed. Sounds like you're almost there

Caz_Mnaz

Hurrah my chain is fixed, although two new buyers into the mix so we now have to wait for them to start from scratch so I can safely say I won't be meeting the current SD deadline.... I might have completed by Christmas? 

JessJ23425

rachlikeswinter said:

rachlikeswinter said:

JessJ23425 said:

rachlikeswinter said:

For those of you using a LISA as all or part of your deposit - how long did it take for the solicitor to draw down the money? I paid half my deposit last Friday, the other half is in the LISA. After they acknowledged receipt they’ve given me the formal ‘are you happy to exchange’ email and set a completion date. But the money is currently still in my LISA account... just wondering when it’ll disappear! I signed the withdrawal permission form about 3 months ago. 

Weird feeling actually wanting all of my money to get out of my life ha. 

We used Skipton and contacted them a day after the declarations were received, they just asked us what day to send the money to the solicitor! We're running a bit late on everything and they sent it the next working day for us no problems.

Lostthegame said:

rachlikeswinter said:

For those of you using a LISA as all or part of your deposit - how long did it take for the solicitor to draw down the money? I paid half my deposit last Friday, the other half is in the LISA. After they acknowledged receipt they’ve given me the formal ‘are you happy to exchange’ email and set a completion date. But the money is currently still in my LISA account... just wondering when it’ll disappear! I signed the withdrawal permission form about 3 months ago. 

Weird feeling actually wanting all of my money to get out of my life ha. 

My LISA was with Moneybox, it took about a week from me contacting them to withdraw the LISA to them sending the money to my solicitor.

Thanks both - I'm with Skipton so I'll drop them a line today to see if they need me to authorise or something.

Update - turns out Skipton haven't received anything from my Solicitor whatsoever. Called my solicitor (miraculously she actually answered herself and not one of her admin people) and she was like 'Oh yeah we haven't sent you the Investor declaration, you need to do that'. !!!!!!. So just downloaded it and sent it back to them, to send to Skipton. They've been so rubbish with stuff like this - they emailed me the mortgage deeds to sign weeks ago, then after so many unanswered emails and phone calls telling them I don't have a printer, yesterday they were like "Where are your signed mortgage deeds" I'm like - seriously. So they've now APPARENTLY printed them off for me and sent them recorded to me to sign.

So the email they sent saying "We are now in a position to exchange, give us your money" was complete nonsense.

Hilarious isn't it! Funnily enough we had exactly the same situation, it was only thanks to us having the foresight to download the conveyancer declaration that we got it quicker. Then on top of that they add £75 to the bill to request LISA funds!

Despite us being ready to exchange a long long time ago, they also add £100 to the bill to exchange and complete within 5 days due to their complete lack of urgency on anything. Will be very thankful to have this process over with and never deal with this firm again.

rachlikeswinter

JessJ23425 said:

rachlikeswinter said:

rachlikeswinter said:

JessJ23425 said:

rachlikeswinter said:

For those of you using a LISA as all or part of your deposit - how long did it take for the solicitor to draw down the money? I paid half my deposit last Friday, the other half is in the LISA. After they acknowledged receipt they’ve given me the formal ‘are you happy to exchange’ email and set a completion date. But the money is currently still in my LISA account... just wondering when it’ll disappear! I signed the withdrawal permission form about 3 months ago. 

Weird feeling actually wanting all of my money to get out of my life ha. 

We used Skipton and contacted them a day after the declarations were received, they just asked us what day to send the money to the solicitor! We're running a bit late on everything and they sent it the next working day for us no problems.

Lostthegame said:

rachlikeswinter said:

For those of you using a LISA as all or part of your deposit - how long did it take for the solicitor to draw down the money? I paid half my deposit last Friday, the other half is in the LISA. After they acknowledged receipt they’ve given me the formal ‘are you happy to exchange’ email and set a completion date. But the money is currently still in my LISA account... just wondering when it’ll disappear! I signed the withdrawal permission form about 3 months ago. 

Weird feeling actually wanting all of my money to get out of my life ha. 

My LISA was with Moneybox, it took about a week from me contacting them to withdraw the LISA to them sending the money to my solicitor.

Thanks both - I'm with Skipton so I'll drop them a line today to see if they need me to authorise or something.

Update - turns out Skipton haven't received anything from my Solicitor whatsoever. Called my solicitor (miraculously she actually answered herself and not one of her admin people) and she was like 'Oh yeah we haven't sent you the Investor declaration, you need to do that'. !!!!!!. So just downloaded it and sent it back to them, to send to Skipton. They've been so rubbish with stuff like this - they emailed me the mortgage deeds to sign weeks ago, then after so many unanswered emails and phone calls telling them I don't have a printer, yesterday they were like "Where are your signed mortgage deeds" I'm like - seriously. So they've now APPARENTLY printed them off for me and sent them recorded to me to sign.

So the email they sent saying "We are now in a position to exchange, give us your money" was complete nonsense.

Hilarious isn't it! Funnily enough we had exactly the same situation, it was only thanks to us having the foresight to download the conveyancer declaration that we got it quicker. Then on top of that they add £75 to the bill to request LISA funds!

Despite us being ready to exchange a long long time ago, they also add £100 to the bill to exchange and complete within 5 days due to their complete lack of urgency on anything. Will be very thankful to have this process over with and never deal with this firm again.

Ugh, my 'using LISA charge' is £145!! So ridiculous.

Luckily I'm still a month off from agreed completion date so I've got a bit of time on my hands. If cash is still in my account next week I'll ask what's going on. Gave notice to my landlord yesterday so I'm moving out now regardless!!

calamityjenny

Caz_Mnaz said:

Hurrah my chain is fixed, although two new buyers into the mix so we now have to wait for them to start from scratch so I can safely say I won't be meeting the current SD deadline.... I might have completed by Christmas? 

I guess it all depends?  After the last purchase fell through, we started again 3 weeks ago... and we're pretty much good to exchange again.  Searches and mortgage were fast, because the lender just changed it over to the new house and sent the valuer out.  Just need to wait for the rest of the chain now.