The NEW waiting to exchange thread...

crumblylancashire

Insomniac101 said:

Not sure where to start, I’ve been reading for a while and finally I’m so nervous about our sale and purchase.  I need to get it off my chest. I’m not sleeping at night. It’s been a long year!

01/20 - Property listed for sale 

02/02/20 - 1st offer 

23/03/20 - lockdown 
April - Buyer (1st offer) pulls out as made redundant
10/06/20 (first weekend out of lockdown) - 2nd offer 
06/07/20 - survey and valuation on sale 
07/07/20- offer put on purchase (house1)
8/07/20 - announcement of stamp duty holiday
09/07/20 - Buyer (2nd offer) pulls out as now has more money with Stamp Duty Holiday  
16th July - Full structural survey and valuation on purchase (house 1), EA querying why our property is back on market.
Survey found the extension works (recent) had not been signed off by building regs, the bi-fold doors were held in place by spray foam
(mortgage approved around here)
20/07/20 - Pull our of purchase (house 1)
We continue to look as we are not in a rush as no sale
05/11/20 - Offer on sale and purchase (house 2), Offer memo issued to solicitors for Purchase (buyers struggling to get a solicitor who will take on new clients)
13/11/20 - Offer memos issued to solicitors on Sale of property.
20/11/20 - Home Buyers Survey and Valuation on Purchase (house 2) done
20/11/20 - Mortgage re-approved for purchase (house 2)
03/12/20 - Mortgage Valuation on sale property.
7/12/20 - Contract packs received and issued, searches begin
18/12/20 - Buyers mortgage approved
12/01/21 - Buyers 1st enquiries - answered
26/01/21 - Purchase enquiries raised by solicitor
03/02/21 - Buyers 2nd enquiries - answered
15/02/21 - Answers to purchase enquiries received 
I don't know how much more I can take...…this is so nerve wracking!!
(and we are trying to beat the march deadline)

Oh wow, that would have my stress levels through the roof - though it does sound like you're getting closer!  Can't be much left to do? 

Caz_Mnaz

Insomniac101 said:

Not sure where to start, I’ve been reading for a while and finally I’m so nervous about our sale and purchase.  I need to get it off my chest. I’m not sleeping at night. It’s been a long year!

Welcomed to the fun!!! Sounds like you've had a bit of a journey to get here!

Fingers crossed you are nearing the end at last! 

Insomniac101

Thanks all!  Bag of nerves here, so worried someone will pull out
Hoping to exchange by the end of the month, but the buyers solicitors have made so many enquiries, our solicitor is struggling to answer them, they keep asking more after we have answered. 
The sellers are waiting for a probate to be granted on their forward purchase, though they may move into rental if they are not ready by the time we are, we're stuck in the middle.
It's been a year of stress, with WFH in a 2 bed at the moment, with a young son I have to home school.
So glad we are not the only people waiting

pinkundine

It's completion day today. Haven't heard anything from the solicitors until just now, when I got an email from one of them saying "can you send me your contact number. I need to call you."

Of course I sent it immediately (while wondering how in the **** she doesn't have it on file) and now I'm trying very hard to be calm and not freak out while I wait for her to ring. Tried ringing her and got nowhere. 

If they hadn't been so useless for the last few months, I'd be less concerned that something has gone horribly wrong, but because they have been, now I'm very worried. 

mathdotrandom

pinkundine said:

It's completion day today. Haven't heard anything from the solicitors until just now, when I got an email from one of them saying "can you send me your contact number. I need to call you."

Of course I sent it immediately (while wondering how in the **** she doesn't have it on file) and now I'm trying very hard to be calm and not freak out while I wait for her to ring. Tried ringing her and got nowhere. 

If they hadn't been so useless for the last few months, I'd be less concerned that something has gone horribly wrong, but because they have been, now I'm very worried. 

Finger's crossed for you!!

Hopefully it is just a small technicality that they need to confirm with you before you complete. Are you doing simultaneous exchange and completion?

pinkundine

mathdotrandom said:

Finger's crossed for you!!

Hopefully it is just a small technicality that they need to confirm with you before you complete. Are you doing simultaneous exchange and completion?

Luckily I'm not doing simultaneous exchange and completion - because it turns out I won't be completing today. Solicitors somehow didn't send all of the required paperwork to the lender, so the funds can't be released today. They're "hoping" it'll be released tomorrow if they manage to get hold of the right people. 

mathdotrandom

pinkundine said:

mathdotrandom said:

Finger's crossed for you!!

Hopefully it is just a small technicality that they need to confirm with you before you complete. Are you doing simultaneous exchange and completion?

Luckily I'm not doing simultaneous exchange and completion - because it turns out I won't be completing today. Solicitors somehow didn't send all of the required paperwork to the lender, so the funds can't be released today. They're "hoping" it'll be released tomorrow if they manage to get hold of the right people. 

Frustrating but fixable, good luck for tomorrow!

pinkundine

mathdotrandom said:

Frustrating but fixable, good luck for tomorrow!

Thanks - it's super frustrating but at least the solicitors are the ones on the hook for the costs associated with not completing on time. It's the icing on the cake of their incompetence, frankly. 

Kelb93

Feeling more optimistic about my purchase today. Heard from my solicitor this morning. She told me top of the chain has said they might be in a position to break the chain to allow me and our seller to move before our mortgage offers expire. All being well could be next Friday 🤞🏻

Estate agent has also been in touch to say she is chasing top of the chain and needed me to confirm when my offer was up. She’s hopeful. Don’t want to get my hopes up though just in case! We’ve been ready to exchange since the 7th Jan. 

Good luck everyone hoping to hear something this week! 

lf93

I *think* we are close to exchanging. We are in a chain of 3 houses, the house we are selling is at the bottom. 
The two houses above us are ready to exchange. Our buyer is apparently just sorting out proof of funds for his solicitor (not sure why it's so late as we had to do that first thing!) but all enquiries are done. Then we can talk about dates!
I would love it to be first week of March but I think that's too optimistic. Thankfully our solicitor so far has been brill, but our buyer's not so much!