The NEW waiting to exchange thread...

Rachielovescats

After a mini problem today with my solicitor not having all the documents - I sent them in 2 sellotape reinforced envelopes; I’m pleased yo say that I’ve just had an email to say I’ve exchanged contracts! Super excited now for completion next week!

Vichy03

Exchanged today 🍾

Was expecting it to take all day but by 11.00am a chain of 4 we had exchanged. So many emotions felt today. Completion 12th February.. 

Timeline 
19th July house on the market 
22nd July offer accepted on sale and purchase 
Cash buyer chain of 3 including us FTB buying our buyers mortgage already agreed.
23rd July solicitor appointed 
29th July searches started 
13th August searches Back 
Awaiting updates from EA turns out we are in a chain of 5 not 3 and bottom of chain only just applied for searches and mortgage. 
22nd August our buyer now decides they want a survey ! 
25th August call from buyer they want to check garage roof 
29th August garage roof checked all fine just an over issue from surveyor! 
3rd September EA check all going well with chain and start to talk about dates. 
Delay after delay getting worried. 
22nd September 1.00pm email from solicitor to say all contracts signed all enguires answered. Get ready for exchange in the nect week. 
22nd September 4.00pm EA call to say buyer has pulled out. ( absolutely gutted ) 
House back on the market after a week 
2nd October offer accepted on sale and purchase. 
Solicitor started conveyancing again on new house after our seller only giving us 24 hours. 
10th October searches started 
18 November searches back 
All enquiries dealt with ourselves and seller ready just waiting in mortgage offer for first time buyer for our buyers. 
22nd December survey booked for FTB mortgage 
6th January mortgage offer received 
Then constant chasing for answer to enquiries from FTB to our buyers FTB asking for electricity checks our buyer refusing. 
28th February check done after our EA pushing our buyer to get it done or loose the house. 
29th January FTB happy with checks and solicitor confirms we can exchange 5th Feb 
Sleepless week 
5th February Exchanged 🍾🍾🍾

So relieved what a stressful journey 
Complete 12th Feb.  
Good luck to all still on this awful journey it will soon come to be your day!!

mowgliisaG

fastbs said:

mowgliisaG said:

Rachel* said:

I’m transferring the 10% deposit to my solicitor today, ready for exchange. All paperwork has been signed and hand delivered back to them, so fingers crossed all this stress will soon be over! 

Just curious how many days people are leaving between exchange and completion? Are you all using Covid clauses? I’m a FTB and this whole process has been so stressful, I just want to be completed ASAP. 

Sameday is common now but I think the stress is too much as something very small can go wrong in exchange and scupper everything. I left 3 days..exchanged Tuesday completing today 

Congrats! Hope the move goes smoothly 😊x

So happy to say we completed...all went smoothly..even had a bottle of Prosecco with the developer and his family to celebrate...an absolutely amazing day (though tiring as only had 3 hours sleep last night l, last minute packing and removals came at 7.45). All in and now for unpacking...first thing...the bed...a good sleep and on it tomorrow - but still got one bottle of Prosecco yet..

good luck to all those waiting..mine was mega frustrating but so so so worth it in end and you Instantly forget the hard times once you move xx

CodeMatcha

We are finally ready to exchange, but the people at the end of the chain have suddenly decided that they cannot do the 12th after all. Since I've managed to book time off work for the week after, I really hope they will agree to a different date before then... 

RoyalPlum

Well we got the phone call this morning that all links had agreed to 12th Feb as the completion date and that they would attempt to exchange today.  Unfortunately this did not happen. 🙃🙃🙃🙃🙃🙃🙃🙃🙃🙃🙃🙃🙃🙃🙃

We need 5 working days between exchange and completion so it is likely the 12th will not be happening and that we all need to agree on a new completion date.  It took the chain all week to agree on the 12th in the first place so I’m at a complete loss. 

RoyalPlum

Vichy03 said:

Exchanged today 🍾

Was expecting it to take all day but by 11.00am a chain of 4 we had exchanged. So many emotions felt today. Completion 12th February.. 

Timeline 
19th July house on the market 
22nd July offer accepted on sale and purchase 
Cash buyer chain of 3 including us FTB buying our buyers mortgage already agreed.
23rd July solicitor appointed 
29th July searches started 
13th August searches Back 
Awaiting updates from EA turns out we are in a chain of 5 not 3 and bottom of chain only just applied for searches and mortgage. 
22nd August our buyer now decides they want a survey ! 
25th August call from buyer they want to check garage roof 
29th August garage roof checked all fine just an over issue from surveyor! 
3rd September EA check all going well with chain and start to talk about dates. 
Delay after delay getting worried. 
22nd September 1.00pm email from solicitor to say all contracts signed all enguires answered. Get ready for exchange in the nect week. 
22nd September 4.00pm EA call to say buyer has pulled out. ( absolutely gutted ) 
House back on the market after a week 
2nd October offer accepted on sale and purchase. 
Solicitor started conveyancing again on new house after our seller only giving us 24 hours. 
10th October searches started 
18 November searches back 
All enquiries dealt with ourselves and seller ready just waiting in mortgage offer for first time buyer for our buyers. 
22nd December survey booked for FTB mortgage 
6th January mortgage offer received 
Then constant chasing for answer to enquiries from FTB to our buyers FTB asking for electricity checks our buyer refusing. 
28th February check done after our EA pushing our buyer to get it done or loose the house. 
29th January FTB happy with checks and solicitor confirms we can exchange 5th Feb 
Sleepless week 
5th February Exchanged 🍾🍾🍾

So relieved what a stressful journey 
Complete 12th Feb.  
Good luck to all still on this awful journey it will soon come to be your day!!

Congratulations!!!!!! We had a failed attempt at exchange today but I hope our day will come soon. 

DRP

Just exchanged to complete in 11 days... and no COVID clause ...fingers crossed

Sotts

So pleased for everyone exchanging today.  Ours will now be Monday as HA was slow approving our mortgage offer.
Funds all transferred, solicitor has done the pre exchange check with the lender.
So Monday exchange and friday completion.

HA emailed to say they've arranged for keys to be couriered over ready for me to collect friday 

Doodlebugs

So heartened to hear all the exchanges and completions today, congratulations all 🥳 

We are looking at exchange in 4 weeks time subject the tenants being able to vacate at the end of the month. The weeks are going by quite quickly at least and we have some sorting to do in our house to get ready at least, keeping us occupied. 

Doodlebugs

Can’t remember exact dates but:

End of July - house up for sale
Start of Sept - offer accepted from FTB
Mid Sept - offer on onward purchase 
Two days later - vendors change mind and decide not to sell at all. 

Start of Oct - offer on new house accepted, told their are tenants currently who will vacate before or just after Christmas, but 6 month notice is end of Feb. We decide to take the gamble and chain complete. 

Lots happens between then and Christmas, mortgages sorted, enquiries raised and answered. 

Jan - solicitor reports on purchase and sends contracts for signing. More enquiries from buyers. Tenants clearly not vacating before end of notice.

Start of Feb - buyers enquiries are all satisfied, we are all ready to go subject to tenants leaving. We were told they would leave mid feb, that’s been revised to end of feb now so thinking there may be an issue there. 

We’ve decided we will sell regardless of the tenant situation as our buyers have been so patient,  so we’re preparing to go into temporary accommodation alongside hopefully purchasing our new house. 

I’ll be hanging around here enjoying all your good news stories for a while!