The NEW waiting to exchange thread...

Natbag

janoid19 said:

Just exchanged and completed this morning after everything going quiet! 

Collecting the keys at 4 after work!!! so relieved and excited!

Congrats! And happy new home!

J-Mac

ohdarn said:

So today's been one of the darker days of this process.
We thought we were nearing the end of the road, enquiries were slowly being sorted out and final amounts figured out. We were looking forward to getting an exchange date.
But it turns out our buyer does not yet have a mortgage offer (despite them pushing for exchange dates several times) and needs a valuation survey doing before they'll get their offer.
If the surveyor values the house at any less than the asking price, then the whole thing falls apart as we just can't afford anything else.
None told us that this was the scenario, our estate agent just kept insisting it was because of delays (surely not five month delays) and then kept lying about what she'd told my wife.
Normally I try to be as polite as possible and very very rarely get grumpy but I just lost it at them.
I'm sick of it all now.

So many people going through similarly horrible experiences! 
I'm currently on my third buyer. Offer accepted first week of Jan, all searches completed within 2/3 weeks.  But all of a sudden silence when my EA asked buyer for proof of mortgage application as there had been nothing regarding booking valuation surveys. After some pressing from me directly (buyer lives 2 doors down) and threatening to put house back on the market, buyer tells me mortgage has been applied for around a week ago (I suspect their first application was declined - BTL mortgage) and to give them until early March to wait for a decision. They also advise they have a bridging loan ready to buy my house if they get denied for the mortgage (which rose my suspicions of a previous decline). Can't do anything now but to just sit and wait! So frustrating! Trying to get their solicitors to complete enquiries without waiting for the mortgage decision to come through is also proving to be a nightmare!

niknaks0285

Insomniac101 said:

Friday... eagerly awaiting for an end of week update from our solicitor, unsure if they will give one, or if i will be sending a chaser over the weekend again

I too waiting for an update, emailed and left a voicemail for our solicitor this morning. Husband is ready for the hills! 

mjle

Have no confidence in getting our purchase completed, with our sellers solicitor been so hard to contact!
Have an awful feeling we might have to break chain and move out so we dont lose our sale  

patience27

So i told myself at the start of this process that I knew it was stressful, I was not going to let it get to me, I was just going to go with the flow. HA! It is true you block all your prior moves from your memory, it is truly a horrendous process. I lived in the States for 8 years and buying/selling there was such a dream. I cannot believe I am here again, sitting on tenterhooks, expecting everything to fall through at any moment. So cheers to all you lovely people in the same boat, I thought I would join the group and see if sharing a little helps with managing the stress (yes I picked my username to try and remind myself of my commitment at the start of this process).

Irishpearce26

FTB_Help said:

It definitely sounds like yours is moving along as planned if they've booked you in.

One thing to maybe see if you can do when you view before exchange (assuming there's a gap between exchange and completion) get a locksmith out as soon as you exchange to change the locks as you won't know how many keys the tenants may have copied - just me being paranoid (i blame all the true crime podcasts I've been hooked on) and also check the loft to see if the roof is still sound.

Keep us updated and fingers crossed 🤞it all goes well next week

Legally you cant do anything to the house until you complete as you don't own the house until then and anything could happen between exchange and complete! I have never changed the locks after I've bought never had a reason to feel I should and its quite an additional expense. Maybe im more trusting in people than i should 

Lostthegame

Just heard from my solicitor that completion date is March 1st... I shall try and remain cautiously optimistic!

niknaks0285

patience27 said:

So i told myself at the start of this process that I knew it was stressful, I was not going to let it get to me, I was just going to go with the flow. HA! It is true you block all your prior moves from your memory, it is truly a horrendous process. I lived in the States for 8 years and buying/selling there was such a dream. I cannot believe I am here again, sitting on tenterhooks, expecting everything to fall through at any moment. So cheers to all you lovely people in the same boat, I thought I would join the group and see if sharing a little helps with managing the stress (yes I picked my username to try and remind myself of my commitment at the start of this process).

Welcome! As someone else said this isnt just an exchange and complete thread. It's almost therapy! Stress is only word to describe the house moving process in this country. @$#$!$@ lol 

Mani_London

My Solicitors raised pre contract enquires on 10th of February. I am chasing my EA to chase vendors and answer those. They are not that serious either. Sellers are desperate to move as well as we are to meet the Stamp duty holiday. But no reply from vendors solicitors. This is so frustrating.  

Caz_Mnaz

Update from my agent.... Two houses below me have only just booked surveys for first week of march, but everyone still really confident we'll get through by end of March but he says too early for dates and therefore for me to try and tentatively book removals..... I can see where this is going.... Me moving a 2 bed house in a hyundai with new home owner sat waiting 😂🤦‍♀️