The NEW waiting to exchange thread...

Insomniac101

naomibm said:

hi everyone...ive been following everyone's journeys but haven't yet commented...good to see that others are exchanging and moving-it gives me hope! we sold ours a few months ago and have had offered accepted on our forever home not far from where we are. our buyers have been quite hard work, their solictor even worse and both digging their heals in and making it really stressful.  we have given them thousands off the price they offered just to get things moving. their solictors seem to constantly have ridiculous enquiries, we could have exchanged weeks ago...i would love to exchange this week but its looking unlikely. 

I feel for you, we are in a similar situation.
Our buyers and their solicitor keep coming back with more enquires! Our solicitor said "its the most enquires I've had on a conveyance ever!"
We are middle of chain and our seller is moving to rental to break the chain as they had problems with their onward purchase, but we are all ready.  The buyers were the ones who said they want exchange and complete before end of March, and set exchange this week, but their solicitor has come back with one more enquiry we were told yesterday..... breathe....

Natbag

Jazzy089 said:

Hi just looking people's thoughts on when we could be looking at exchange / completion. Timescale as follows so far: 
5/2 Viewed house
8/2 Offer accepted
9/2 DIP
11/2 Mortgage application submitted
15/2 Additional docs submitted
15/2 Solicitor instructed
16/2 Valuation done
18/2 Hard search done
22/2 Mortgage offer
25/2 Mortgage offer received in post
I have heard nothing since. I asked solicitor 2 weeks ago for update and was told they are waiting on deeds being sent from vendors solicitor and they will review once received.
The vendor has found a house and there is no chain on their end. We are FTBs so no chain either. Thanks for any input.

I'm about 3 weeks ahead of you, although we have been slowed by ID check complications and a language barrier. We're also in the middle of a double chain of three, but you can see my timeline so far below. We're currently still waiting on both sets of buyers' searches to come back, due mid and late March, and for our solicitor to deal with enquiries from one which were lost in the post. We are hoping to complete mid to late April, I think that is realistic - hopefully!

naomibm

Insomniac101 said:

naomibm said:

hi everyone...ive been following everyone's journeys but haven't yet commented...good to see that others are exchanging and moving-it gives me hope! we sold ours a few months ago and have had offered accepted on our forever home not far from where we are. our buyers have been quite hard work, their solictor even worse and both digging their heals in and making it really stressful.  we have given them thousands off the price they offered just to get things moving. their solictors seem to constantly have ridiculous enquiries, we could have exchanged weeks ago...i would love to exchange this week but its looking unlikely. 

I feel for you, we are in a similar situation.
Our buyers and their solicitor keep coming back with more enquires! Our solicitor said "its the most enquires I've had on a conveyance ever!"
We are middle of chain and our seller is moving to rental to break the chain as they had problems with their onward purchase, but we are all ready.  The buyers were the ones who said they want exchange and complete before end of March, and set exchange this week, but their solicitor has come back with one more enquiry we were told yesterday..... breathe....

i know!! similar here! in early jan they wanted to complete in 2 weeks and then said maybe 6 weeks is more realistic.  then 13 weeks later they are questioning why we want to move 'so fast'. grrrrr

houghton91

Insomniac101 said:

@parkingadvice1212 sounds about right with how slow this has all gone in the last month, though we did hear that our buyers solicitor emailed to clarify something yesterday?! When they were the ones rushing us to exchange and complete 🤦‍♀️ We and our sellers are ready, the sellers are packed and ready to go into rental to break the chain, we are packing.... and looking for removers, but we can’t book the removers till exchange with confirmation of completion date.  

I really feel for you!! I was the same this time last week - but it was my solicitor continually asking more questions. Hopefully yours have responded quickly so you can get this show on the road.

Insomniac101

timmins91 said:

Insomniac101 said:

@parkingadvice1212 sounds about right with how slow this has all gone in the last month, though we did hear that our buyers solicitor emailed to clarify something yesterday?! When they were the ones rushing us to exchange and complete 🤦‍♀️ We and our sellers are ready, the sellers are packed and ready to go into rental to break the chain, we are packing.... and looking for removers, but we can’t book the removers till exchange with confirmation of completion date.  

I really feel for you!! I was the same this time last week - but it was my solicitor continually asking more questions. Hopefully yours have responded quickly so you can get this show on the road.

Hoping they stick to exchange by end of this week, we have asked for another week before completion though, they asked for completion week beginning 15th, but not possible as we haven't been able to book removers, and also with no set date impossible to book removers. So we asked them to set a date early or mid week 22nd March.  

laurent22

Well after 7 long weeks my searches came back yesterday with no issues.  My Solicitor requested the mortgage funds from my lender yesterday at 4pm, and they have been cleared today.  So exchange and completion day tomorrow      I don't think I'll be sleeping tonight......
Good luck to everyone else in this crazy house buying process

denideth

The chain has decided on a completion date! Not long to go now - hoping for a smooth process over the next week or so.

SoTiredTho

Got a call about five minutes of wittering online yesterday to say we'd exchanged! Completing next wednesday, what a relief. 

Finally feel safe to start packing! 

amandacat

To those mentioning rentals and van sizes- we sold early last month and had planned to move into rental but couldn’t get a rental after weeks of looking- ended up moving in with family. We have pets that made it so much harder. 

We hired a man and van who had a 3.5 tonne Luton and I panicked it wouldn’t be big enough for our 3 bed house. We ended up getting rid of so much stuff. Turned out we could’ve fitted a lot more in. We had 2 large sofas, double bed, king size bed, living room and bedroom furniture plus a load of bags and boxes and still had loads of room. We got rid of all white goods and dining table set as they’d seen better days but to be honest it all would’ve fit but the guy I used was a pro at packing the van, I probably would’ve have fit it all in if I’d packed it myself. 

amandacat

amandacat said:

I previously had my timeline on here for selling and completed beginning of Feb.
Relocated and living with family so now the new timeline begins for our purchase. 

8.2.21- offer accepted on the house we want to purchase (no chain) house currently empty 
10.2.21- solicitors instructed and EA sent memo of sale
16.2.21- after some chasing we finally received the forms from the solicitors by email to fill in to get things started
22.2.21- visited solicitors office with ID, initial payment and signed forms (earliest date we could get as by appointment only understandably due to Covid) 
22.2.21- broker submitted full mortgage application 
26.2.21- mortgage offer received (desktop valuation was carried out) 
Now anxiously waiting for some sort of correspondence from our solicitors and have requested another viewing to remind myself what the house looks like and start measuring up and also to consider if I want to arrange a home buyers report or not (house was only built 3 years ago) 

Further updates 
2.3.21- chased solicitor to make sure they’d started conveyancing as we hadn’t heard a thing 
4.3.21- solicitor letter received confirming content of my mortgage offer
4.3.21- solicitors applied for searches, 40 working day turnaround apparently in my area (sob) 
8.3.21- received property information form, fixture and fittings form and land registry plan. Solicitor letter said lots of paperwork was missing so they were waiting to receive that from vendors solicitors. 

Now just waiting...living with family and desperate to have my own space again but despite no chain either end it looks like it’ll be a while