The NEW waiting to exchange thread...

Luna1719

Hi all ,

Got a call from our solicitors this morning saying the chain was ready to exchange and should happen today . However we just heard back that they never heard from our buyers solicitor so exchange is unlikely to happen today . Does that happen often? 

My understanding was that once the solicitors asked for authority to exchange the entire chain should be ready ? 

rachlikeswinter

annetheman said:

Signed contract now in the post! We're on track to exchange next week date tbc... thanks to @oniongirl and @Doodlebugs
for offering to help, really great! Mr Catch Me if You Can was caught
Deposit paid and now just waiting for completion statement to further drain me while I eat a diet of plain rice and anxiety until the 26th Feb.

So glad you got it signed! I had to ask the guy I am (newly and distantly!) dating if he could be my witness on Tuesday because he's the only person I know who's local, plus has a printer to print the damn forms, and is clearly trying to get in my good books haha! We signed on his doorstep, he gave me some cake (double win) and off I went on my merry way.

So I posted all that off, finally got a response from Skipton today that they're releasing my funds to my solicitor - so maybe exchange tomorrow / Monday??? I'm getting fears of it being delayed and not being able to complete on the 26th and being homeless argh

oniongirl

oniongirl said:

My go! I've tried to stay calm and easy going, but it's tough.

30/06 - Put house on the market

04/07 - Accepted asking price offer

04/07 - View "our" new house

05/07 - Viewed it again, because I wasn't interested the first time thinking the other house we were seeing that same day was going to be better (it wasn't)

06/07 - offered under asking

07/07 - offered asking

09/07 - got AIP, and offer was accepted 

31/07 - chain complete: FTB > us > "our house" > "their house" > new build

09/10 - top of the chain collapses. Something about the searches on the new build means they have pulled out after 3 months. It appears this happened a while ago but they kept it quiet. After tears, we convince ourselves that staying put is better. Think of all the money we'll save. Our house is lovely. We're only going because we can, not because we must.

16/10 - the top of the chain have found somewhere else. That house is a divorcing couple, one going in to rented, the other to a new build. Nobody seems to know if there build is anywhere near being built or not. Give up hope of being in before Christmas.

02/11 - I'm sure something happened in between this and the last date, but I was consumed by doom and gloom. Our Sellers' agents ring us and say that someone has agreed to break the chain and move in to rented (unsure who) and now we're looking to exchange in December, subject to searches, according to our Sellers' agent. Emotions conflicted as was imagining swimming in piles of money that we'd"save" by not doubling our mortgage in the middle of a pandemic.

03/11 - according to MSE forum, searches are taking 6 weeks. Give up hope to be in before Christmas completely despite the agents saying it's very likely.

11/11 - get bored waiting to hear something, ANYTHING, and write this post

Between 11th November and the beginning of January, stuff happens. The council is mad at the new build developers for something. The fact there is a new build at the end of the chain is news to us. The council have started enforcement proceedings against the developer. Bad things. My solicitor says he's surprised we're still hanging on.
04/01 - our buyer's mortgage offer expires. They apply for a new one as they can't get an extension without having a firm completion date
13/01 - the mortgage valuer is supposed to come and value our house, but fails to turn up. They took our phone number down wrong so they couldn't confirm covid regulations with me, and rather than check back with our agents, they just didn't come
20/01 - mortgage valuer really comes
27/01 - solicitors at the top of the chain say they're ready to exchange, with completion on the 5th Feb. We cannot get removals, but agree to put our stuff in to storage overnight and sleep on the floor of our new house to get things going. 
28/01 - our buyer's solicitors say they're not ready. There was a mistake on the mortgage. The term is wrong. They're waiting for an amended offer
29/01 - our buyer's solicitors have received the amended offer. The offer has one of the applicant's name spelt incorrectly. Our seller's solicitor informs us that our seller's mortgage offer expires on the 14th, and due to a change in circumstances, they are sure they won't get an extension. Complete on the 12th OR NEVER.
01/02 - our buyers have gone above and beyond and managed to return their signed mortgage deed in record speed.
02/02 - our buyer's solicitors confirm they're ready to exchange. On the 11th, for completion on the 12th. Our solicitors say that's impossible, there's a chain of 6. Or 7. There's a lot of people. I ring my estate agents and tell them to tell our buyers to tell their solicitor to shut up and exchange now.
03/02 - My solicitors call to say they're going to try and get everyone in line for exchange, so I should check removals are still available. My removals say they're no longer available. I sob a little. He says he'll cancel someone else with a smaller job. I feel guilty for using girly tactics. And smug. This is what happens when you use budget removals.
04/02 - My solicitors call at 9am to get authority to exchange. At 12pm, our seller's agent emails to say it's got as far as the final solicitors. At 2:30pm I message my solicitor and ask if I should start worrying. They say they'll find out what's happening.
04/02, 3pm: We have exchanged!

oniongirl

Drawingaline said:

oniongirl said:

My go! I've tried to stay calm and easy going, but it's tough.

30/06 - Put house on the market

04/07 - Accepted asking price offer

04/07 - View "our" new house

05/07 - Viewed it again, because I wasn't interested the first time thinking the other house we were seeing that same day was going to be better (it wasn't)

06/07 - offered under asking

07/07 - offered asking

09/07 - got AIP, and offer was accepted 

31/07 - chain complete: FTB > us > "our house" > "their house" > new build

09/10 - top of the chain collapses. Something about the searches on the new build means they have pulled out after 3 months. It appears this happened a while ago but they kept it quiet. After tears, we convince ourselves that staying put is better. Think of all the money we'll save. Our house is lovely. We're only going because we can, not because we must.

16/10 - the top of the chain have found somewhere else. That house is a divorcing couple, one going in to rented, the other to a new build. Nobody seems to know if there build is anywhere near being built or not. Give up hope of being in before Christmas.

02/11 - I'm sure something happened in between this and the last date, but I was consumed by doom and gloom. Our Sellers' agents ring us and say that someone has agreed to break the chain and move in to rented (unsure who) and now we're looking to exchange in December, subject to searches, according to our Sellers' agent. Emotions conflicted as was imagining swimming in piles of money that we'd"save" by not doubling our mortgage in the middle of a pandemic.

03/11 - according to MSE forum, searches are taking 6 weeks. Give up hope to be in before Christmas completely despite the agents saying it's very likely.

11/11 - get bored waiting to hear something, ANYTHING, and write this post

This is us. When we lost our buyer we talked about staying out and being mortgage free in 10 years, what we could do with the £800 a month we are saving atm etc. New buyer found and I had a huge wobble, then guilt as our vendor had waited for us (basically ready to exchange on it!) Then hubby telling me to stop it and we really did need more space etc etc. So new offer accepted Tuesday, now I am back to stress and worry about doubling the mortgage payment for the next 30years!!! 

If it doesn't happen this time that's it, I am done. Staying put. Until the parking situation annoys me too much....

Oh, sorry you're going through this! It was horrible! We just exchanged and suddenly I don't care about anything any more. I'm delighted! You will be too. I can't wait for my shiny new (to me) house.

RoyalPlum

oniongirl said:

oniongirl said:

My go! I've tried to stay calm and easy going, but it's tough.

30/06 - Put house on the market

04/07 - Accepted asking price offer

04/07 - View "our" new house

05/07 - Viewed it again, because I wasn't interested the first time thinking the other house we were seeing that same day was going to be better (it wasn't)

06/07 - offered under asking

07/07 - offered asking

09/07 - got AIP, and offer was accepted 

31/07 - chain complete: FTB > us > "our house" > "their house" > new build

09/10 - top of the chain collapses. Something about the searches on the new build means they have pulled out after 3 months. It appears this happened a while ago but they kept it quiet. After tears, we convince ourselves that staying put is better. Think of all the money we'll save. Our house is lovely. We're only going because we can, not because we must.

16/10 - the top of the chain have found somewhere else. That house is a divorcing couple, one going in to rented, the other to a new build. Nobody seems to know if there build is anywhere near being built or not. Give up hope of being in before Christmas.

02/11 - I'm sure something happened in between this and the last date, but I was consumed by doom and gloom. Our Sellers' agents ring us and say that someone has agreed to break the chain and move in to rented (unsure who) and now we're looking to exchange in December, subject to searches, according to our Sellers' agent. Emotions conflicted as was imagining swimming in piles of money that we'd"save" by not doubling our mortgage in the middle of a pandemic.

03/11 - according to MSE forum, searches are taking 6 weeks. Give up hope to be in before Christmas completely despite the agents saying it's very likely.

11/11 - get bored waiting to hear something, ANYTHING, and write this post

Between 11th November and the beginning of January, stuff happens. The council is mad at the new build developers for something. The fact there is a new build at the end of the chain is news to us. The council have started enforcement proceedings against the developer. Bad things. My solicitor says he's surprised we're still hanging on.
04/01 - our buyer's mortgage offer expires. They apply for a new one as they can't get an extension without having a firm completion date
13/01 - the mortgage valuer is supposed to come and value our house, but fails to turn up. They took our phone number down wrong so they couldn't confirm covid regulations with me, and rather than check back with our agents, they just didn't come
20/01 - mortgage valuer really comes
27/01 - solicitors at the top of the chain say they're ready to exchange, with completion on the 5th Feb. We cannot get removals, but agree to put our stuff in to storage overnight and sleep on the floor of our new house to get things going. 
28/01 - our buyer's solicitors say they're not ready. There was a mistake on the mortgage. The term is wrong. They're waiting for an amended offer
29/01 - our buyer's solicitors have received the amended offer. The offer has one of the applicant's name spelt incorrectly. Our seller's solicitor informs us that our seller's mortgage offer expires on the 14th, and due to a change in circumstances, they are sure they won't get an extension. Complete on the 12th OR NEVER.
01/02 - our buyers have gone above and beyond and managed to return their signed mortgage deed in record speed.
02/02 - our buyer's solicitors confirm they're ready to exchange. On the 11th, for completion on the 12th. Our solicitors say that's impossible, there's a chain of 6. Or 7. There's a lot of people. I ring my estate agents and tell them to tell our buyers to tell their solicitor to shut up and exchange now.
03/02 - My solicitors call to say they're going to try and get everyone in line for exchange, so I should check removals are still available. My removals say they're no longer available. I sob a little. He says he'll cancel someone else with a smaller job. I feel guilty for using girly tactics. And smug. This is what happens when you use budget removals.
04/02 - My solicitors call at 9am to get authority to exchange. At 12pm, our seller's agent emails to say it's got as far as the final solicitors. At 2:30pm I message my solicitor and ask if I should start worrying. They say they'll find out what's happening.
04/02, 3pm: We have exchanged!

Now that is a long timeline.  Congratulations, I bet you feel so relieved. Enjoy the move. 

rachlikeswinter

oniongirl said:

oniongirl said:

My go! I've tried to stay calm and easy going, but it's tough.

30/06 - Put house on the market

04/07 - Accepted asking price offer

04/07 - View "our" new house

05/07 - Viewed it again, because I wasn't interested the first time thinking the other house we were seeing that same day was going to be better (it wasn't)

06/07 - offered under asking

07/07 - offered asking

09/07 - got AIP, and offer was accepted 

31/07 - chain complete: FTB > us > "our house" > "their house" > new build

09/10 - top of the chain collapses. Something about the searches on the new build means they have pulled out after 3 months. It appears this happened a while ago but they kept it quiet. After tears, we convince ourselves that staying put is better. Think of all the money we'll save. Our house is lovely. We're only going because we can, not because we must.

16/10 - the top of the chain have found somewhere else. That house is a divorcing couple, one going in to rented, the other to a new build. Nobody seems to know if there build is anywhere near being built or not. Give up hope of being in before Christmas.

02/11 - I'm sure something happened in between this and the last date, but I was consumed by doom and gloom. Our Sellers' agents ring us and say that someone has agreed to break the chain and move in to rented (unsure who) and now we're looking to exchange in December, subject to searches, according to our Sellers' agent. Emotions conflicted as was imagining swimming in piles of money that we'd"save" by not doubling our mortgage in the middle of a pandemic.

03/11 - according to MSE forum, searches are taking 6 weeks. Give up hope to be in before Christmas completely despite the agents saying it's very likely.

11/11 - get bored waiting to hear something, ANYTHING, and write this post

Between 11th November and the beginning of January, stuff happens. The council is mad at the new build developers for something. The fact there is a new build at the end of the chain is news to us. The council have started enforcement proceedings against the developer. Bad things. My solicitor says he's surprised we're still hanging on.
04/01 - our buyer's mortgage offer expires. They apply for a new one as they can't get an extension without having a firm completion date
13/01 - the mortgage valuer is supposed to come and value our house, but fails to turn up. They took our phone number down wrong so they couldn't confirm covid regulations with me, and rather than check back with our agents, they just didn't come
20/01 - mortgage valuer really comes
27/01 - solicitors at the top of the chain say they're ready to exchange, with completion on the 5th Feb. We cannot get removals, but agree to put our stuff in to storage overnight and sleep on the floor of our new house to get things going. 
28/01 - our buyer's solicitors say they're not ready. There was a mistake on the mortgage. The term is wrong. They're waiting for an amended offer
29/01 - our buyer's solicitors have received the amended offer. The offer has one of the applicant's name spelt incorrectly. Our seller's solicitor informs us that our seller's mortgage offer expires on the 14th, and due to a change in circumstances, they are sure they won't get an extension. Complete on the 12th OR NEVER.
01/02 - our buyers have gone above and beyond and managed to return their signed mortgage deed in record speed.
02/02 - our buyer's solicitors confirm they're ready to exchange. On the 11th, for completion on the 12th. Our solicitors say that's impossible, there's a chain of 6. Or 7. There's a lot of people. I ring my estate agents and tell them to tell our buyers to tell their solicitor to shut up and exchange now.
03/02 - My solicitors call to say they're going to try and get everyone in line for exchange, so I should check removals are still available. My removals say they're no longer available. I sob a little. He says he'll cancel someone else with a smaller job. I feel guilty for using girly tactics. And smug. This is what happens when you use budget removals.
04/02 - My solicitors call at 9am to get authority to exchange. At 12pm, our seller's agent emails to say it's got as far as the final solicitors. At 2:30pm I message my solicitor and ask if I should start worrying. They say they'll find out what's happening.
04/02, 3pm: We have exchanged!

My god, what a journey. Congratulations!!!! 

Kelb93

oniongirl said:

oniongirl said:

My go! I've tried to stay calm and easy going, but it's tough.

30/06 - Put house on the market

04/07 - Accepted asking price offer

04/07 - View "our" new house

05/07 - Viewed it again, because I wasn't interested the first time thinking the other house we were seeing that same day was going to be better (it wasn't)

06/07 - offered under asking

07/07 - offered asking

09/07 - got AIP, and offer was accepted 

31/07 - chain complete: FTB > us > "our house" > "their house" > new build

09/10 - top of the chain collapses. Something about the searches on the new build means they have pulled out after 3 months. It appears this happened a while ago but they kept it quiet. After tears, we convince ourselves that staying put is better. Think of all the money we'll save. Our house is lovely. We're only going because we can, not because we must.

16/10 - the top of the chain have found somewhere else. That house is a divorcing couple, one going in to rented, the other to a new build. Nobody seems to know if there build is anywhere near being built or not. Give up hope of being in before Christmas.

02/11 - I'm sure something happened in between this and the last date, but I was consumed by doom and gloom. Our Sellers' agents ring us and say that someone has agreed to break the chain and move in to rented (unsure who) and now we're looking to exchange in December, subject to searches, according to our Sellers' agent. Emotions conflicted as was imagining swimming in piles of money that we'd"save" by not doubling our mortgage in the middle of a pandemic.

03/11 - according to MSE forum, searches are taking 6 weeks. Give up hope to be in before Christmas completely despite the agents saying it's very likely.

11/11 - get bored waiting to hear something, ANYTHING, and write this post

Between 11th November and the beginning of January, stuff happens. The council is mad at the new build developers for something. The fact there is a new build at the end of the chain is news to us. The council have started enforcement proceedings against the developer. Bad things. My solicitor says he's surprised we're still hanging on.
04/01 - our buyer's mortgage offer expires. They apply for a new one as they can't get an extension without having a firm completion date
13/01 - the mortgage valuer is supposed to come and value our house, but fails to turn up. They took our phone number down wrong so they couldn't confirm covid regulations with me, and rather than check back with our agents, they just didn't come
20/01 - mortgage valuer really comes
27/01 - solicitors at the top of the chain say they're ready to exchange, with completion on the 5th Feb. We cannot get removals, but agree to put our stuff in to storage overnight and sleep on the floor of our new house to get things going. 
28/01 - our buyer's solicitors say they're not ready. There was a mistake on the mortgage. The term is wrong. They're waiting for an amended offer
29/01 - our buyer's solicitors have received the amended offer. The offer has one of the applicant's name spelt incorrectly. Our seller's solicitor informs us that our seller's mortgage offer expires on the 14th, and due to a change in circumstances, they are sure they won't get an extension. Complete on the 12th OR NEVER.
01/02 - our buyers have gone above and beyond and managed to return their signed mortgage deed in record speed.
02/02 - our buyer's solicitors confirm they're ready to exchange. On the 11th, for completion on the 12th. Our solicitors say that's impossible, there's a chain of 6. Or 7. There's a lot of people. I ring my estate agents and tell them to tell our buyers to tell their solicitor to shut up and exchange now.
03/02 - My solicitors call to say they're going to try and get everyone in line for exchange, so I should check removals are still available. My removals say they're no longer available. I sob a little. He says he'll cancel someone else with a smaller job. I feel guilty for using girly tactics. And smug. This is what happens when you use budget removals.
04/02 - My solicitors call at 9am to get authority to exchange. At 12pm, our seller's agent emails to say it's got as far as the final solicitors. At 2:30pm I message my solicitor and ask if I should start worrying. They say they'll find out what's happening.
04/02, 3pm: We have exchanged!

Congratulations!! Your journey through all this sounds insane. Hope the move goes well. 
Gives me some hope I might exchange soon - 6th months today since I had my offer accepted! 

crumblylancashire

oniongirl said:

oniongirl said:

My go! I've tried to stay calm and easy going, but it's tough.

30/06 - Put house on the market

04/07 - Accepted asking price offer

04/07 - View "our" new house

05/07 - Viewed it again, because I wasn't interested the first time thinking the other house we were seeing that same day was going to be better (it wasn't)
.
.
.

03/02 - My solicitors call to say they're going to try and get everyone in line for exchange, so I should check removals are still available. My removals say they're no longer available. I sob a little. He says he'll cancel someone else with a smaller job. I feel guilty for using girly tactics. And smug. This is what happens when you use budget removals.
04/02 - My solicitors call at 9am to get authority to exchange. At 12pm, our seller's agent emails to say it's got as far as the final solicitors. At 2:30pm I message my solicitor and ask if I should start worrying. They say they'll find out what's happening.
04/02, 3pm: We have exchanged!

Flaming heck, that' more stress than I think I could handle - congratulations on the exchange! Get the wine out!!

We have just us (in rented, I sold my last house about 4 years ago) -> house we're buying -> empty house they're buying, so hoping it's pretty smooth sailing.  We have to move before our landlord sticks this rental house on the market in April, so that's the only worry.

annetheman

rachlikeswinter said:

annetheman said:

Signed contract now in the post! We're on track to exchange next week date tbc... thanks to @oniongirl and @Doodlebugs
for offering to help, really great! Mr Catch Me if You Can was caught
Deposit paid and now just waiting for completion statement to further drain me while I eat a diet of plain rice and anxiety until the 26th Feb.

So glad you got it signed! I had to ask the guy I am (newly and distantly!) dating if he could be my witness on Tuesday because he's the only person I know who's local, plus has a printer to print the damn forms, and is clearly trying to get in my good books haha! We signed on his doorstep, he gave me some cake (double win) and off I went on my merry way.

So I posted all that off, finally got a response from Skipton today that they're releasing my funds to my solicitor - so maybe exchange tomorrow / Monday??? I'm getting fears of it being delayed and not being able to complete on the 26th and being homeless argh

Good luck! You will complete on the 26th, no doubt about it (completion twins!)

Remember in the KR thread, I thought that I (and you and a few others) were very lax, leaving loads of time between exchange and completion... Suddenly it looks like it'll be more like 2 weeks than 4?!

Madness! Can't imagine the stress if I had planned for 1 week or even same day!

Wouldn't it be funny if we exchanged on the same day 

Caz_Mnaz

Am enjoying all these good news stories guys 😊