The NEW waiting to exchange thread...

Bryony84

Well, I've been here before (before Christmas) but now back waiting and waiting and waiting. Our chain of 6 originally has changed to 9 because the person who was meant to be breaking the chain decided to change their mind at the last minute. We have almost lost our FTB at the bottom twice because their mortgage offer expired. They are now on their last possible completion date (19th) or they will be forced to pull out. As far as I'm aware, we are only waiting on one search coming back from further up the chain which they told us would be back yesterday and then told us it would actually be tomorrow (I don't have a lot of trust in the word of this particular solicitor). We have packed up half the house already because we have 2 small kids and have to do it in bits so will be devastated if this all falls apart at the last hurdle. We sold and bought at the beginning of August so this has been a long slog!

mjle

Bryony84 said:

Well, I've been here before (before Christmas) but now back waiting and waiting and waiting. Our chain of 6 originally has changed to 9 because the person who was meant to be breaking the chain decided to change their mind at the last minute. We have almost lost our FTB at the bottom twice because their mortgage offer expired. They are now on their last possible completion date (19th) or they will be forced to pull out. As far as I'm aware, we are only waiting on one search coming back from further up the chain which they told us would be back yesterday and then told us it would actually be tomorrow (I don't have a lot of trust in the word of this particular solicitor). We have packed up half the house already because we have 2 small kids and have to do it in bits so will be devastated if this all falls apart at the last hurdle. We sold and bought at the beginning of August so this has been a long slog!

Hopefully it all comes together for you! ! 

Bryony84

Navigaor31 said:

Another day ..
No confirmation from the top of the chain as to a completion on 15th. Even though they suggested this. 

Again the chain fund themselves in limbo because they can't sort themselves out. (Literally nothing stopping them.moving other than themselves).

The people we are buying from have now threatebd to pull out of their transaction if this date is not confirmed.  (Can't blame them). 

Literally getting ridiculous...had three dates set.  Agreed to by everyone. Then the second we are about too exchange they pull out. 
Solicitors have had funds drawn down and sent back each time it's been that last minute. 

It's all getting a bit ridiculous seeing as everyone has been ready paperwork/ solicitor wise since Christmas.  

It sounds like we are in a very similar situation, we were all set to move before Christmas and paperwork has all been ready and waiting since then. Several solicitors further up the chain have been delaying/giving wrong information etc and we have passed 3 intended exchange/completion timelines now. Frustrating given that they were hassling us months ago to move quicker! Fingers crossed that you get exchange soon.

Natbag

crumblylancashire said:

Oh ouch, that's complicated! I last sold about 3 years ago, when I split from the ex - who initially refused to sell and I had to give all the equity over to persuade him to sell up (which was pretty stressful), and have been in rented since.  Buying this time just under my name, although my boyfriend will be living with me.   Good luck with it all!

Thank you! My ex did refuse to sell to start with, I gave him a year's grace, and then he stalled for another 3 months. Now he's complaining about having to pay stamp duty on his new purchase - well, if only someone had warned him! Idiot.
I was going to buy on my own, but my boyfriend and I are constantly living at each other's places so decided it made sense to buy together - we're lucky to have found our ideal 5-bedroom house to fit the 4 kids we have between us!
Even more complicated is that I'm leaving my flat in 3 weeks when the tenancy is up, putting all my stuff into storage and moving in with him until our purchase completes. Jeeeez!

Cuddlybearman

My buyer says he has his mortgage offer - considering this is something ive been waiting to hear for 4 months i don't feel as elated as i thought......maybe just tired of the rollercoaster

oniongirl

Cuddlybearman said:

My buyer says he has his mortgage offer - considering this is something ive been waiting to hear for 4 months i don't feel as elated as i thought......maybe just tired of the rollercoaster

Yay! At least you know something is happening. Our transaction took so long we just stopped caring and chasing completely. It clearly wasn't making a difference. Then suddenly everything came together and we couldn't find removals it was so short notice!

Fingers crossed this means the end is approaching for you...

SlowlyLosingIt

Ok I have to stop watching and post...hopefully it's an outlet for the anxiety that is building! Our timeline:
Nov 2020 - accepted offer on our house from cash buyer (no chain either side- we don't live there)
Dec 2020- they ordered survey 
Early Jan 2021 - survey complete and searches ordered
Late Jan 2021- we put offer on house 
That week ...mortgage applied for, offer the next day. Searches ordered. Survey done.
Now ....still waiting for purchases searches to come back ARGH. Ready to exchange on that wondering when to give our notice ...will we make the stamp duty and save 12 grand ...conveyancer has quit today ...

Like everyone else...sick of ringing and ringing hoping for an exchange date on the sale and getting literally no update. I just don't understand it! 

Caz_Mnaz

My searched in the North East took literally months. Horrendous when you cant do anything!!

My sol confirmed my sale and purchase all ready to go... We just have to wait for the bottom of the chain to catch up and no-ones talking dates yet as it's too early (they've just got surveys and searches underway etc 😬) 

AHT2020

Hi all,

I have been lurking for a while now so thought it was about time I officially joined in the waiting game!

Our timeline:

10/10/20- Our house goes on the market

21/10/20- Offer accepted on our house (chain of three below us) 

23/10/20- Our offer is accepted on our purchase (no onward chain, sellers moving into rented)

23/10/20- Solicitor appointed for sale and purchase

04/11/20- Mortgage application submitted  

09/11/20- Valuation and home buyers survey completed on our purchase

12/11/20- Our buyers buyer pulls out of their purchase

20/11/20- Our house goes back on the market 

01/12/20- Our sellers say they will give us until after Christmas to get back under offer 

02/12/20- Our mortgage offer issued

09/12/20- Our sellers decide to put their house back on the market after all

16/12/20- Offer accepted on our house (purchasing with cash from sale, their buyer  has nothing to sell)

17/12/20- Our seller accepts a higher offer on their house from a cash buyer

06/01/21- Home buyers report completed at our address

06/01/21- Our offer is accepted on a different house (unoccupied with no onward chain)

14/01/21- Mortgage application submitted  

03/02/21- Building survey and valuation completed on our purchase 

05/02/21- Our mortgage offer issued

Ideally we would like our sale and purchase to complete together however are prepared to move into rented if needs be to ensure that our buyer gets the stamp duty holiday benefit. We have our mortgage offer, our searches are being done and some enquiries have been raised on our purchase but we have no real idea where we are at with our sale, we’ve answered some enquiries and they had their survey at the beginning of January.

Now we just wait! Good luck to everyone and congratulations to those of you who have exchanged already!

crumblylancashire

oniongirl said:

.... Our transaction took so long we just stopped caring and chasing completely. It clearly wasn't making a difference. Then suddenly everything came together and we couldn't find removals it was so short notice!

I'm about just just quit on chasing, and just try to stop obsessing and waiting and checking emails constantly.  It's taking over my life and the not knowing is just bad for my head.  I was hoping to be moving this month, the landlord in the place I'm in now, wants it back in about 4 weeks, so he can do it up for selling.  Meh, what will be, just going to try to forget about it for the next few weeks... but good to know it all just happened for you, hoping that happens for us too!  If not, then in a few weeks time we need to find somewhere to rent.