The NEW waiting to exchange thread...

Peppermint90

I'm so tired of this house buying business. A rollercoaster of emotions...
It is heartwarming to read as you guys collect your keys one by one though...

Sotts

annetheman said:

@Sotts
If you want to give notice on your flat with as little overlap as possible, you might be able to once the last queries are sorted?

I gave notice to vacate on 28th Feb, completion date is agreed with HA of 26th Feb, but not yet exchanged so still 'pencilled' rather than penned!

AS I SUSPECTED, HA actually rejected my mortgage offer saying it means I don't meet eligibility for affordability as a condition of sale BUT they had old (March 2020) calculations with incorrect share %, income and outgoings. 
*heart stopped, panic in the middle of a meeting*
I sent the updated eligibility with correct details and EA just confirmed: "Fantastic. That's great news. Thank you I will pass on this info in order for [HA] to approve mortgage offer and move to exchange."

She anticipates a Monday exchange..... I am literally holding my breathe! I won't be able to think straight until we exchange!   

Wow too much stress for you but glad you're almost sorted.  If I give notice before 5th February, then it's a month overlap and i pay rent until 4th March (which is fine) but if it's after 5th February then I have to pay rent until 4th April.    The outstanding enquiries related to parking (i received the permit licence yesterday) and use of the roof terrace, which I'm actually not that bothered about.   I reckon I'll have news early next week as my solicitor tends to work over the weekend.  

Lostthegame

Last Thursday was when my searches came back. Solicitor said they were preparing a report for me soon... haven’t heard anything since! How long is soon..?

The good news is that my LISA withdrawal is complete and my solicitor has the funds and they’re aware it all has to be completed within 90 days maximum. I just hope they don’t use the 90 days as an excuse to not be in a rush.

katie91_2

Daft question, but how do you know when exchange is complete? Assuming it’s just an email/phone call from your conveyancer?

We were told we’re exchanging either today or Monday and ours just rang to take authority, but at 4pm on a Friday I don’t see how it’s getting up the chain and back before they all go home!

youth_leader

I've just heard from my vendor's EA and she would now like a week between exchange and completion. I've suggested 4 March and written to my solicitor again this afternoon, hope it can be done.

tigerlily74

Well, solicitors are now talking to each other and agreeing completion on the 12th (someone early in the chain is fixated on Fridays) with suggested exchange on the 5th. I just hope they aren’t also fixated on exchanging exactly a week before because I would just like to exchange any day between now and 3 days before completion.

Now to get my poor cats vaccinated and try and book them into a cattery, assuming my onward purchase fails spectacularly and we have a gap. I hope it all works out. For the weekend I am just going to assume it will and try to relax with a glass of wine.

badger09

WiseOwl00 said:

Still not got an exchange or completion date, so looks like another miserable weekend ahead of me. Not sure how much more of this I can take. 

Keep the faith WiseOwl00. You WILL get there!

Vichy03

Finally have dates agreed 
Exchange 5th February 
Completion 12th February 
Waiting in FTB ISA closing statement as was hoping to exchange today but happy we finally have dates 📅 
Not to long now we've waited this long 2 more weeks to go !!

badger09

katie91_2 said:

Daft question, but how do you know when exchange is complete? Assuming it’s just an email/phone call from your conveyancer?

We were told we’re exchanging either today or Monday and ours just rang to take authority, but at 4pm on a Friday I don’t see how it’s getting up the chain and back before they all go home!

Solicitor should either phone or email you depending how they usually contact you. 

Unfortunately if there is a long chain, it can take a few hours as the deposits feed up through the chain. 

Fingers crossed for you. 

katie91_2

badger09 said:

katie91_2 said:

Daft question, but how do you know when exchange is complete? Assuming it’s just an email/phone call from your conveyancer?

We were told we’re exchanging either today or Monday and ours just rang to take authority, but at 4pm on a Friday I don’t see how it’s getting up the chain and back before they all go home!

Solicitor should either phone or email you depending how they usually contact you. 

Unfortunately if there is a long chain, it can take a few hours as the deposits feed up through the chain. 

Fingers crossed for you. 

Thanks - we’re the bottom of a chain of 4 and they didn’t ring for authority till 4pm, so I can’t imagine it’s getting up the chain and confirmed back in an hour before they all clock off! Monday it is 😩