The NEW waiting to exchange thread...

Vichy03

RoyalPlum said:

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. 

It will happen just keep checking in with your solicitor and get you EA to check all is ready for the chosen day its frustrating isnt it. I was in complete shock ours was done so early I thought we'd be sat here at 5.00pm still waiting.  Fingers crossed you get to exchange Monday !

FTB_Help

Congrats to all those that exchanged and completed today, great to read your stories and give some hope to my situation...

Sent final enquiries to vendor mid Jan, not heard a peep from them despite my solicitor chasing and me chasing them directly twice in the last 2 weeks.

Beginning to worry....im going to follow up with them next week again, I've already signed and posted all docs to the solicitor for safe keeping and thought these final enquiries would be an easy quick response.

This has probably been the most frustrating part of my process so far, was fairly plain sailing up until the sending of final enquiries.

Lostthegame

Sotts said:

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 

All I’m waiting on now is a couple enquires and the HA to approve the mortgage offer. 

They’ve requested a letter from the bank just to specify that the mortgage amount is a 40% share of the full amount of the property value. I’m hoping that isn’t going to take too long!

Kelb93

Unexpectedly had an email from my broker this morning to say that my mortgage offer has been extended until the end of the month so I’m hoping for a miracle that we are able to complete before then! Will be calling the EA on Monday to see if she can help move things along. 

annetheman

Just had a pre-exchange viewing now absolutely desperate to exchange next week! Goodness I love the place. Last saw it on March 3rd 2020, it has been that much of an ordeal but I know it'll be worth it!

*wills away weekend* 

denideth

FTB_Help said:

Congrats to all those that exchanged and completed today, great to read your stories and give some hope to my situation...

Sent final enquiries to vendor mid Jan, not heard a peep from them despite my solicitor chasing and me chasing them directly twice in the last 2 weeks.

Beginning to worry....im going to follow up with them next week again, I've already signed and posted all docs to the solicitor for safe keeping and thought these final enquiries would be an easy quick response.

This has probably been the most frustrating part of my process so far, was fairly plain sailing up until the sending of final enquiries.

Our vendors took an absolute age to respond to anything and when they did, the responses didn't fully answer the questions asked. We got them to speed up/get their act together by ringing their EA and telling them we're not confident that they actually want to sell their house since they're messing about, and we may have to start looking elsewhere. Empty threats of course but it seemed to light a fire under their backside.

WiseOwl00

Initially had an offer accepted on a house in July, sellers pulled out in October. This timeline is for the second property:
17/10 - viewed property + put in an offer lower than asking price. 
18/10 - vendor asked for higher offer (still under asking price). Offer accepted. 
20/10 - information passed to estate agents. All solicitors instructed. 
26/10 - applied for mortgage (10% with Nationwide).
27/10 - Nationwide arranged date for valuation.
03/11 - Nationwide conducted valuation. 
10/11 - Nationwide asked for more information, mortgage advisor supplied.
12/11 - solicitor received contract pack. Paid solicitor fees + searches sent.
25/11 - mortgage offer received.
22/12 - searches due back (nearly 6 weeks after requesting!) 
04/01 - draft contract received to be signed (3 weeks after solicitor posted - post has been crazy round here!)
06/01 - solicitor has searches + raised enquiries.
08/01 - received fixture + fittings form and property information (finally!). 
04/02 - enquires finally resolved. 

Just in the process of deciding a date, should be in the next two weeks! This has been such a stressful process, but there's finally an end in sight! 

Anty21

Anty21 said:

Hi everyone 
I have been lurking for a while and some of your posts have really helped me keep things in perspective when my mind goes into overdrive.... 

Our timeline:

26/08 - house for sale
30/09 - sale agreed, FTB 
02/10- viewed & had purchase agreed after slight negotiation on our forever home
05/10 mortgage agreed in principal (port with current lender) and vendor confirms onward purchase agreed and chain complete
07/10 solicitors instructed 
12/10 mortgage final offer 20k short as won’t take furlough into account, apply direct with other lender 
20/10 mortgage approved (had to submit further supporting information 14/10 & 16/10)
30/10 contract pack received
02/11 searches requested 
27/11 survey complete - nothing of concern 
02/12 told searches for purchase won’t be back in time for Christmas completion
09/12 exchange on sale  
18/12 sale complete, break chain and move into temp accommodation  
05/01 searches back
19/01 all enquiries satisfied 

Just waiting for our vendors to get a couple of minor enquiries responded to from their vendors and we are good to go, think we will complete around 12/02 but hoping to exchange next week. 
There have been a few bumps along the way (including a leak where our furniture is stored during the floods this week 😱) & I have most definitely aged 10 years in 6 months, but we are so close now I am starting to feel a little excited.....Considering we have had Christmas and are in the middle of a pandemic I feel like we have made good time though the waiting game and radio silence at times has driven me insane......my liver will also be glad of a break once this is all over

@badger09 I have related to your posts a lot! Good luck to everyone else who is on this crazy journey 

Still waiting for the vendors to catch up with their onward purchase - so frustrating sitting and waiting when everything is in place our end to go.......and the radio silence from solicitors and EA is deafening, my brain is in overdrive - hoping for news on exchange this week 🤞🏻

Good luck to everyone else this week 

fastbs

Good luck to all this week, hoping for some good news! 🤞🏼

pinklady3333

Here we go again! 45 mins until things open again. 

How long do I wait before chasing....??