The NEW waiting to exchange thread...

hippocrates1

e93 said:

hippocrates1 said:

Do you think that by the time we’re talking about exchange I can delay completion by 6ish weeks to give my rental notice? Is that reasonable. There’s no chain property is unoccupied without a mortgage. 

You can certainly ask your solicitor for that. Our solicitor will not exchange more than 1 working day before completion "due to the covid-19 situation". Some people prefer to have a couple of weeks overlap so you don't need to rush to get out of your rental and can decorate without furniture

The property is unoccupied though so what could possibly happen the the covid 19 situation?

Luna1719

hippocrates1 said:

Do you think that by the time we’re talking about exchange I can delay completion by 6ish weeks to give my rental notice? Is that reasonable. There’s no chain property is unoccupied without a mortgage. 

Our sellers asked for a 6 weeks gap between exchange and completion . We exchanged on the 4 February and will only be completing on the 19 March .

not ideal for us as we had to complete on our sale on the 1 March ( the FTB at the bottom of the chain threatened to pull out if we didn’t move out by the 1 ) so we are now in an Airbnb until the 19 . 

It is doable , just depends if your sellers are happy with this timeline .

Becksina

Insomniac101 said:

So supposedly we are going to exchange middle to end of this week with agreement of completion 7 days after this.  We are waiting for the contract from sellers solicitors to
sign - didn’t turn up on Friday. 

I’ve been up all night worrying about little things, things I shouldn’t need to worry about yet eg: how quick can we get internet? My partner and I are both working from home and  so we might not be able to book so much time off given we haven’t been given any firm dates, but both of us with deadlines.

It’s Monday tomorrow, good luck to everyone waiting! 

We were told 2 weeks notice but ours is going live a week after we informed them 

tigerlily74

bliss said:

Been reading this thread for a long time since we put our offer in on a house at the beginning September 2020..
Seems like we've had the typical unresponsive and slow solicitors that lots of you have in here and it has helped to keep me a little more positive to know we're not alone! 

We're first time buyers in a chain of 3, our sellers are in ill health and are desperate to move into their new property. They issued us with an ultimatum last week of 1. knowing our intentions (we've made this clear numerous times), and 2. deadlines of exchange and completion by the end of this month. 

Reported this to my solicitors last week who have informed me that that have had to report an issue with the sewers to the lender and also the low EPC rating (it's very low and this had been known since we our the offer in and received the memorandum of sale). We will be making changes the the property to increase this rating the best we can. We have wondered why it has taken the solicitors to highlight these issues to the lender as such a late stage when they have had this information since mid-October at the latest. 

They said they'd chase the lender this week. They have not. 

On Wednesday we received our 'report'... it was a bundle of attachments with no explanation as to what they mean to us. It's kind of what I was expecting when they said please see the report and attachments. I've followed this up and the manager will kindly provide a 'better report'.

Am I wrong in thinking they should have provided a written report explaining the various documents to accompany the attached documents, as per the introductory paperwork I received when instructing them? 

It just seems like error after error, delay after delay. And today I found out that the vendors onward seller have relisted their purchase! 
We haven't had any proper updates until last week... just being told enquiries have been sent (but not what they are).... 

Sorry for the grumble and thanks for any replies in advance, it's so nice to see so many people exchanging and completing. 

You can chase the lender yourself. Nationwide were super helpful and took away a lot of our solicitor’s excuses.

yousnorkmaiden

Long time lurker on here since we had our mortgage offered in December last year. Our solicitor informed us she needed to report on two items (cladding and the cost of planned upcoming works). We aren’t expecting any problems with the cladding - does anyone have any experience with the second point AND what kind of wait are we looking at here? Our lender is Santander and they took FOREVER to offer our mortgage but hoping this might be a bit quicker??

e93

hippocrates1 said:

e93 said:

hippocrates1 said:

Do you think that by the time we’re talking about exchange I can delay completion by 6ish weeks to give my rental notice? Is that reasonable. There’s no chain property is unoccupied without a mortgage. 

You can certainly ask your solicitor for that. Our solicitor will not exchange more than 1 working day before completion "due to the covid-19 situation". Some people prefer to have a couple of weeks overlap so you don't need to rush to get out of your rental and can decorate without furniture

The property is unoccupied though so what could possibly happen the the covid 19 situation?

I was just pointing out that some solicitors seem to have a blanket policy on it at the moment. All you can do is ask, it would make sense in your situation 

Insomniac101

@parkingadvice1212 woot!! Which company?? We are hoping to set up two lines, one with Virgin for streaming etc and a Sky broadband for work 
Definitely can’t wait till May!! 

Anty21

Insomniac101 said:

So supposedly we are going to exchange middle to end of this week with agreement of completion 7 days after this.  We are waiting for the contract from sellers solicitors to
sign - didn’t turn up on Friday. 

I’ve been up all night worrying about little things, things I shouldn’t need to worry about yet eg: how quick can we get internet? My partner and I are both working from home and  so we might not be able to book so much time off given we haven’t been given any firm dates, but both of us with deadlines.

It’s Monday tomorrow, good luck to everyone waiting! 

I ordered our internet this weekend (BT) Did it all online and was v straightforward - first date was offered was the 17th March but we’re not due to compete until after that so I was able to select the date we are due to complete and can manage it all online if I need to change it. 

Good luck for exchange - also expecting ours to be this week (hoping tomorrow!)  🤞🏻🤞🏻

parkingadvice1212

Insomniac101 said:

@parkingadvice1212 woot!! Which company?? We are hoping to set up two lines, one with Virgin for streaming etc and a Sky broadband for work 
Definitely can’t wait till May!! 

Zen, but they use Openreach so any ISP except Virgin will face the same long lead times.
It's because we need an engineer visit to set up FTTP.
I've set up a monthly rolling contract with Cuckoo for an FTTC service which is going live a week after we move in, and will do until May.

bliss

tigerlily74 said:

bliss said:

Been reading this thread for a long time since we put our offer in on a house at the beginning September 2020..
Seems like we've had the typical unresponsive and slow solicitors that lots of you have in here and it has helped to keep me a little more positive to know we're not alone! 

We're first time buyers in a chain of 3, our sellers are in ill health and are desperate to move into their new property. They issued us with an ultimatum last week of 1. knowing our intentions (we've made this clear numerous times), and 2. deadlines of exchange and completion by the end of this month. 

Reported this to my solicitors last week who have informed me that that have had to report an issue with the sewers to the lender and also the low EPC rating (it's very low and this had been known since we our the offer in and received the memorandum of sale). We will be making changes the the property to increase this rating the best we can. We have wondered why it has taken the solicitors to highlight these issues to the lender as such a late stage when they have had this information since mid-October at the latest. 

They said they'd chase the lender this week. They have not. 

On Wednesday we received our 'report'... it was a bundle of attachments with no explanation as to what they mean to us. It's kind of what I was expecting when they said please see the report and attachments. I've followed this up and the manager will kindly provide a 'better report'.

Am I wrong in thinking they should have provided a written report explaining the various documents to accompany the attached documents, as per the introductory paperwork I received when instructing them? 

It just seems like error after error, delay after delay. And today I found out that the vendors onward seller have relisted their purchase! 
We haven't had any proper updates until last week... just being told enquiries have been sent (but not what they are).... 

Sorry for the grumble and thanks for any replies in advance, it's so nice to see so many people exchanging and completing. 

You can chase the lender yourself. Nationwide were super helpful and took away a lot of our solicitor’s excuses.

That's great, I hadn't thought of that, will ring them tomorrow and see if they have a better update !