The NEW waiting to exchange thread...

Caz_Mnaz

Cuddlybearman said:

My buyer has pulled out................4 months completely wasted and i'm sitting here ready to exchange with my seller. I cant believe this i feel sick.

Gonna have to put back on the market and go back to some previous viewings and see what they think. I guess ive just about got enough time before the SD holiday ends if it goes quick. Although I did just read that its is being debated virtually in parliament now on Monday - so maybe a good chance it will get extended. I just hope my sellers don't have enough and pull out too.

I feel for you!!! It only took a week for our chain to reform but we've accepted we've had it unless SD is extended now there's two new buyers in the mix both needing surveys/mortgages etc. Did they say why they've pulled out? I know it doesn't matter but if it's something you /they had no control over it does make it sliiiightly easier to bare 

TrudieinLondon

Cuddlybearman said:

My buyer has pulled out................4 months completely wasted and i'm sitting here ready to exchange with my seller. I cant believe this i feel sick.

Gonna have to put back on the market and go back to some previous viewings and see what they think. I guess ive just about got enough time before the SD holiday ends if it goes quick. Although I did just read that its is being debated virtually in parliament now on Monday - so maybe a good chance it will get extended. I just hope my sellers don't have enough and pull out too.

Oh No! Did they say why? I guess a lot of people who were once very confident of their financial position are now not. Good luck.

badger09

Cuddlybearman said:

My buyer has pulled out................4 months completely wasted and i'm sitting here ready to exchange with my seller. I cant believe this i feel sick.

Gonna have to put back on the market and go back to some previous viewings and see what they think. I guess ive just about got enough time before the SD holiday ends if it goes quick. Although I did just read that its is being debated virtually in parliament now on Monday - so maybe a good chance it will get extended. I just hope my sellers don't have enough and pull out too.

That's horrible news for you. Did they give a reason?

Vichy03

TrudieinLondon said:

Vichy03 said:

TrudieinLondon said:

I am in the position that as far as I know everyone is ready to exchange. Estate Agent is pushing for dates. Solicitor seems very laid back about this and seems to be reluctant to commit to anything. My suspicion is he's putting exchange off because he has too much work on so cant fit it in. What would others do in this situation? Specifically, how often would you be hassling him. Last spoke in Monday and have just been waiting to hear ever since.

Same we are waiting for dates but the bottom of chains solicitors and our buyers solicitors have 0 Communication. Its getting so frustrating now we have been readyvas have our sellers since October we have been waitibg more than patiently now for the other two.. no one is getting any answers to dates since Monday another wasted week 😪 
How on earth do they manage to get any completions done at all when they don't talk to anyone ! 
Fed up and so over it all now 🙄 

Yes it's really hard to know how to deal with it. I know a lot of people on here say you shouldnt keep contacting solicitors but from working in other project management scenarios I know it's the more persistent people who get results. I'm worried being too patient is going to send my file to the bottom of the pile. I didnt specify a time I wanted things to be done originally because I assumed at the end of September we had plenty of time. Starting to regret that now as I feel I might miss the March deadline just because of apathy.

Well experience so far is if we don't pester nothing happens they sat on 4 questions that had been answered by the vendor that day for 2 weeks before passing to the FTB solicitors..
We are all ready to exchange FTB ISA has been closed we are just waiting on the solicitors now.. fingers crossed we get answers today you too.. but I very much have no confidence at all any more 😕 

WiseOwl00

tigerlily74 said:

@wiseowl00 how did you find out how long it would take for your solicitor to hear back from your lender? I can’t find anything by searching online and I don’t want to harass my solicitor!

They told my solicitor that they'd received her letter, and then gave us a date that we should hear back from them. 

tigerlily74

WiseOwl00 said:

tigerlily74 said:

@wiseowl00 how did you find out how long it would take for your solicitor to hear back from your lender? I can’t find anything by searching online and I don’t want to harass my solicitor!

They told my solicitor that they'd received her letter, and then gave us a date that we should hear back from them. 

WiseOwl00 said:

tigerlily74 said:

@wiseowl00 how did you find out how long it would take for your solicitor to hear back from your lender? I can’t find anything by searching online and I don’t want to harass my solicitor!

They told my solicitor that they'd received her letter, and then gave us a date that we should hear back from them. 

Ah ok, thanks, I will check in with her and them on Monday then. 

Cuddlybearman

badger09 said:

Cuddlybearman said:

My buyer has pulled out................4 months completely wasted and i'm sitting here ready to exchange with my seller. I cant believe this i feel sick.

Gonna have to put back on the market and go back to some previous viewings and see what they think. I guess ive just about got enough time before the SD holiday ends if it goes quick. Although I did just read that its is being debated virtually in parliament now on Monday - so maybe a good chance it will get extended. I just hope my sellers don't have enough and pull out too.

That's horrible news for you. Did they give a reason?

You may notice from previous threads the drama i have had with this buyer. I really cant believe anything i'm told and i suspect that the reason he has given up now is probably the same reason he was given 3 months ago but tried to find a way round it.

He was applying for a BTL mortgage and apparently the bank had a suspicion that he was actually using the BTL process to go round the fact he didn't earn much money and then actually live in the house. He obviously denies that but the more i think about it the more i think its possible.

ccfc1972

Been a while since I checked in.
We were forced to break the chain and move into the in-laws, due to a land registry issue at the top of the chain. We have now been here for one week.
I have had an update today that the issue is now sorted (allegedly) and they have suggested a completion date of the 12th February.
Will it happen? 🙈🙏

kenneth77

Exchanged today!!! However..... all our funds are from our mortgage  equity and that and so far we haven't received completion statement? Getting rather worried we should have. Am I right be be concerned!!?? Solicitor definitely said you've exchanged tho and email from bank confirming funds were requested 

badger09

kenneth77 said:

Exchanged today!!! However..... all our funds are from our mortgage  equity and that and so far we haven't received completion statement? Getting rather worried we should have. Am I right be be concerned!!?? Solicitor definitely said you've exchanged tho and email from bank confirming funds were requested 

When is Completion? 

Do you need to add money from your own funds or is full purchase price met by your mortgage & equity from sale? Is that enough to cover solicitors & EA fees as well? 

I would be concerned unless sale proceeds covers all the above