The NEW waiting to exchange thread...

rachlikeswinter

annetheman said:

rachlikeswinter said:

Hi all, I'm due to complete tomorrow (eee!) and just received my completion statement from my solicitor. (It is WAY higher than expected but that's by the by.) Does it have to be paid before completion can happen? Or can I still complete and then pay it next week, say?

Obviously don't want to delay completion WHATSOEVER but I'll be getting my rental deposit back next week which would be very useful....

Hey completion twin from B1 EWS1 Kent Reliance journey -- we made it!!!

I would definitely pay it today to clear ahead of tomorrow, as there will be an amount due to be sent to seller for completion that your payment of completion statement will add up to. E.g.
Total due to seller = -100,000
Mortgage = +95,000
Your reservation fee = +500
Your money paid to solicitor upon instruction = +500
Completion statement = 4,000
Balance = £-4000
If there is that 4,000 pending, you won't be able to complete.
Funnily enough mine was less than I thought, I overestimated the apportionment funds! But I paid it last week so they have the full "completion balance" beforehand... 
It wasn't great of them to send it to you the day before! They sohuld have given at least a few days for you to have time to clear it etc but it'll be instant but still. In any case, happy completion day tomorrow!!

I just got confirmation from solicitors saying the completion monies have been sent to seller!!

They will let me know tomorrow once Legal completion is confirmed and I'll go pick up my keys  I CANNOT believe it. Seriously feels unreal! 

Omg I know we certainly did! Wow. So excited for tomorrow! I should be getting keys around 2pm  

So yeah thanks everyone - I just paid it. It was a bit off them giving me about 2 hours notice to get it in though!! And some of the costs are outrageous - £150 to use a Lifetime ISA and £95 for the partially gifted deposit!

The stress of this week/weeks/months/year means I not only have a constant twitchy eye but on a work zoom call today I started getting chest pains LOLLLL I'm never buying again. 

houghton91

Joined after lurking for so long to join this lovely stressful chain of waiting to exchange!! Here's our timeline so far:

House put on the market 6/1
Accepted an offer over asking price 11/1
Had offer accepted on our dream house 18/1
Mortgage application - 18/1
Mortgage offer received - 22/1
Searches ordered - 22/1
Contracts signed and sent to solicitor - 28/1
Searches received - 3/2
Enquiries raised - 4/2
Enquiries responded to 24/2
....
Requested completion date - 15/3

We're in a chain of three people (our sale to FTB and our purchase) and our buyers are in exactly the same position now - but my solicitor isn't giving me straight answers on when we can exchange. The only outstanding enquiries are from our buyer's solicitor about a copy of the sale of the house in 1926 but my solicitor is saying she's awaiting a reply from the land registry for that?

She said earlier she thinks we're close and it should happen 'within the next 2 weeks' however I have no idea if she means exchange or completion in 2 weeks. 

We're halfway through packing but can't really judge whether we should be doing it all ASAP or not!

ohdarn

timmins91 said:

Joined after lurking for so long to join this lovely stressful chain of waiting to exchange!! Here's our timeline so far:

House put on the market 6/1
Accepted an offer over asking price 11/1
Had offer accepted on our dream house 18/1
Mortgage application - 18/1
Mortgage offer received - 22/1
Searches ordered - 22/1
Contracts signed and sent to solicitor - 28/1
Searches received - 3/2
Enquiries raised - 4/2
Enquiries responded to 24/2
....
Requested completion date - 15/3

We're in a chain of three people (our sale to FTB and our purchase) and our buyers are in exactly the same position now - but my solicitor isn't giving me straight answers on when we can exchange. The only outstanding enquiries are from our buyer's solicitor about a copy of the sale of the house in 1926 but my solicitor is saying she's awaiting a reply from the land registry for that?

She said earlier she thinks we're close and it should happen 'within the next 2 weeks' however I have no idea if she means exchange or completion in 2 weeks. 

We're halfway through packing but can't really judge whether we should be doing it all ASAP or not!

How many people did you have to threaten to kill to get everything going so fast?

Nikkihud0609

Lucieb94 said:

Nikkihud0609 said:

Well we should be completing tomorrow but as we are using the Forces Help to Buy scheme it’s so up in the air! Waiting for their funds to be sent to our solicitor, they claim to have sent on Tuesday so should be there today but they say it can take 3-5 working days 😩. I’m so over this, it’s so draining! Absolutely won’t move house again!! Lol

I’m so glad I’ve found someone else also using FHTB!! Could you help me out with the process? Conveyancing wise we are pretty much there, signed contracts etc just exchange and completion to go, however waiting on FHTB. We should be receiving the promissory note in the post tomorrow all being well, do you know how long this usually takes to review and then what happens? Thank you 😊

I got to be honest they are useless!! Your solicitor needs to hound them daily to do anything. They’ve asked our solicitor 4 times now the final purchase price in the last 4 weeks! Solicitor told them on 4th Feb our completion date and that all funds were required by 25th but they’re claiming they sent it on 23rd so it should be with us by tomorrow but may be Tuesday! No one ever answers the phone and emails are sporadic. Make sure your solicitor tells them in plenty of time the exchange / completion date and prepare them for constantly answering ridiculous questions and chasing them daily lol. Getting the PIN etc is the easy bit and goes quite fast, it’s everything after that’s a nightmare. I know of 4 people who have used them and they’ve all been through the same with them. Just keep on at them. Massive good luck to you ☺️

Lucieb94

Nikkihud0609 said:

Lucieb94 said:

Nikkihud0609 said:

Well we should be completing tomorrow but as we are using the Forces Help to Buy scheme it’s so up in the air! Waiting for their funds to be sent to our solicitor, they claim to have sent on Tuesday so should be there today but they say it can take 3-5 working days 😩. I’m so over this, it’s so draining! Absolutely won’t move house again!! Lol

I’m so glad I’ve found someone else also using FHTB!! Could you help me out with the process? Conveyancing wise we are pretty much there, signed contracts etc just exchange and completion to go, however waiting on FHTB. We should be receiving the promissory note in the post tomorrow all being well, do you know how long this usually takes to review and then what happens? Thank you 😊

I got to be honest they are useless!! Your solicitor needs to hound them daily to do anything. They’ve asked our solicitor 4 times now the final purchase price in the last 4 weeks! Solicitor told them on 4th Feb our completion date and that all funds were required by 25th but they’re claiming they sent it on 23rd so it should be with us by tomorrow but may be Tuesday! No one ever answers the phone and emails are sporadic. Make sure your solicitor tells them in plenty of time the exchange / completion date and prepare them for constantly answering ridiculous questions and chasing them daily lol. Getting the PIN etc is the easy bit and goes quite fast, it’s everything after that’s a nightmare. I know of 4 people who have used them and they’ve all been through the same with them. Just keep on at them. Massive good luck to you ☺️

Thank you so much! Unfortunately our solicitor isn’t any better so she definitely won’t be hounding them. I’ll get my partner on the case! Thank you  

houghton91

ohdarn said:

timmins91 said:

Joined after lurking for so long to join this lovely stressful chain of waiting to exchange!! Here's our timeline so far:

House put on the market 6/1
Accepted an offer over asking price 11/1
Had offer accepted on our dream house 18/1
Mortgage application - 18/1
Mortgage offer received - 22/1
Searches ordered - 22/1
Contracts signed and sent to solicitor - 28/1
Searches received - 3/2
Enquiries raised - 4/2
Enquiries responded to 24/2
....
Requested completion date - 15/3

We're in a chain of three people (our sale to FTB and our purchase) and our buyers are in exactly the same position now - but my solicitor isn't giving me straight answers on when we can exchange. The only outstanding enquiries are from our buyer's solicitor about a copy of the sale of the house in 1926 but my solicitor is saying she's awaiting a reply from the land registry for that?

She said earlier she thinks we're close and it should happen 'within the next 2 weeks' however I have no idea if she means exchange or completion in 2 weeks. 

We're halfway through packing but can't really judge whether we should be doing it all ASAP or not!

How many people did you have to threaten to kill to get everything going so fast?

     Many apparently!! No I'm just very highly strung and call everyone pretty much every day. Being able to text my buyer and sellers when necessary has helped massively!

Nikkihud0609

Lucieb94 said:

Nikkihud0609 said:

Lucieb94 said:

Nikkihud0609 said:

Well we should be completing tomorrow but as we are using the Forces Help to Buy scheme it’s so up in the air! Waiting for their funds to be sent to our solicitor, they claim to have sent on Tuesday so should be there today but they say it can take 3-5 working days 😩. I’m so over this, it’s so draining! Absolutely won’t move house again!! Lol

I’m so glad I’ve found someone else also using FHTB!! Could you help me out with the process? Conveyancing wise we are pretty much there, signed contracts etc just exchange and completion to go, however waiting on FHTB. We should be receiving the promissory note in the post tomorrow all being well, do you know how long this usually takes to review and then what happens? Thank you 😊

I got to be honest they are useless!! Your solicitor needs to hound them daily to do anything. They’ve asked our solicitor 4 times now the final purchase price in the last 4 weeks! Solicitor told them on 4th Feb our completion date and that all funds were required by 25th but they’re claiming they sent it on 23rd so it should be with us by tomorrow but may be Tuesday! No one ever answers the phone and emails are sporadic. Make sure your solicitor tells them in plenty of time the exchange / completion date and prepare them for constantly answering ridiculous questions and chasing them daily lol. Getting the PIN etc is the easy bit and goes quite fast, it’s everything after that’s a nightmare. I know of 4 people who have used them and they’ve all been through the same with them. Just keep on at them. Massive good luck to you ☺️

Thank you so much! Unfortunately our solicitor isn’t any better so she definitely won’t be hounding them. I’ll get my partner on the case! Thank you  

I’ll PM you some numbers / emails for chasing, they don’t like speaking to Service Personnel so you definitely need to get your solicitor on side. But in the end we were all ringing them and emailing them 😂. 

e93

No update at all this week. Just emailed the solicitor to chase. We wanted to exchange this week but looks like that won't happen. All the paperwork and enquiries have been completed so I don't know what the hold up is! 

Doodlebugs

FTB_Help said:

That's fantastic news!!!

Bet you're relieved, this gives me hope on my situation.

You can now start planning house warming and book everyone in for the 21st June!

I didn’t think I was that concerned about them leaving but it certainly felt like a weight lifted. Not counting chickens yet. Not heard back from our EA on buyers position so going to chase that up tomorrow. 

Really looking forward to seeing the house again on Tuesday though. 

Irishpearce26

So still on for completion on the 3rd (I hope) but haven't exchanged yet. My solicitor is just getting confirmation on drawing down funds (im lucky that i have a very communicative solicitor). I know my buyer has exchanged already and the house we are buying is empty and is part of a part ex. Everything is booked and ready to go and the house is about 70% packed. I think ill only start to get nervous come Monday afternoon if we don't know what we will be exchanging. Also having to try and get a response from the developer as to the state the previous owners left some of the walls, this is one of the worst examples. Top corner near the ceiling in the lounge.