The NEW waiting to exchange thread...

homemover21

Natbag said:

I moved out of my rented flat last week, and am staying at my boyfriend's house temporarily until our purchase completes (probably a couple of months). I've changed my address on a couple of things, like car insurance (as that's a must to make sure your policy is valid). But anything linked to my credit file I'm leaving for now. I've already moved twice in the last 3 years, and each time my credit rating nosedived. Most stuff I get paperless or check online anyway, and I've simply set up a Royal Mail redirection service for now so I can wait and change everything over to our new fixed address once we're in.

Yes I did this as well. I had to reapply for my mortgage as it expired while waiting on my purchase and my mortgage company were happy to use my old address where my credit history resides as they understood my situation. 

naomibm

Natbag said:

How frustrating Insomniac101! Hope things progress quickly on that last point.
I'm getting annoyed, we are waiting for both buyers searches to come back - no idea why they are taking weeks longer than ours when the local authority has a quick turnaround time at the moment and they've had more time than us to request them. And absolutely nothing else is happening in the meantime despite my best efforts. I'm also nervous that my buyer seems to be really quiet, apparently his solicitor had sent queries to my solicitor but they were lost in the post, and I still haven't received any word from my solicitor on them, so I'm worried that they are stalling/not serious. My solicitor still hasn't replied to my email from Monday asking for an update either. Sigh.

ive always found that ringing solicitors works better than emailing! im literally ringing mine everyday at the moment- seems to be the only thing that gets them moving! 

homemover21

BountyBlink said:

Thanks all for your comments and replies about the QUANDARY of credit file / mortgages etc etc can I just ask though... won’t our solicitor have to inform mortgage company that we completed on our sale and effectively don’t live there and so our address is no longer? Or do you get a different solicitor??? We are porting our mortgage which is fine but as they clear off the mortgage, HSBC will know we don’t live there anymore?! Oh goodness the stress of this 🤦🏻‍♀️😩 we have a £3000 redemption penalty to pay And as long as we complete on another property within 6 months of this one settling we will get the redemption paid back... but surely with with them knowing we have cleared it off won’t they need to re credit check us? I’m sooooo confused and don’t want to make us homeless and be in a position where we have really messed up our mortgage chances! Thankfully we have a very large deposit. House we want to buy is £370,000 and the mortgage will be £130,000 but still, I’m super stressed about this! HELP 🤦🏻‍♀️😩

Your broker or you need to inform them. They will need your temporary address to forward you and correspondence. Just ensure that they use your old address for any further checks. They should be understanding of your situation. 

Natbag

naomibm said:

Natbag said:

How frustrating Insomniac101! Hope things progress quickly on that last point.
I'm getting annoyed, we are waiting for both buyers searches to come back - no idea why they are taking weeks longer than ours when the local authority has a quick turnaround time at the moment and they've had more time than us to request them. And absolutely nothing else is happening in the meantime despite my best efforts. I'm also nervous that my buyer seems to be really quiet, apparently his solicitor had sent queries to my solicitor but they were lost in the post, and I still haven't received any word from my solicitor on them, so I'm worried that they are stalling/not serious. My solicitor still hasn't replied to my email from Monday asking for an update either. Sigh.

ive always found that ringing solicitors works better than emailing! im literally ringing mine everyday at the moment- seems to be the only thing that gets them moving! 

I think I will do this afternoon, although I'm really not sure there's much to tell me which is the frustrating thing.
I would like to find out about these buyer queries though, and also see where we are up to. Ideally, I'd like as much done as possible by the time all the searches are returned but I get the feeling that we are just not being made priority (or anywhere near).

crumblylancashire

Insomniac101 said:

crumblylancashire said:

Insomniac101 said:

It’s Friday!! Another week! Good luck everyone!!! xxx

The end of yet another week of just waiting

I'm a bit of a nervous wreck today... we are supposed to exchange today, but haven't heard anything from solicitors - have emailed them first thing for an update.... a little background also is that we've had two sales fall through, 1 was at exchange... now we are half packed .... and mega nervous

Eek! Good luck!! Our first purchase fell through, for this house (which we offered and was accepted early Jan), the seller is talking about a definite date of the 26th... but not heard a thing from the solicitor, surely something has to happen soon.  We're pretty close to having our rental expire, so the worry about being homeless soon is real... been checking out Air BnB's, storage and hotels.  Fingers crossed you get exchanged today!!

Insomniac101

@crumblylancashire
I did post in-between and the exchange is off today, as the buyers solicitor raised "another" enquiry mid week and we are waiting for the Freeholder to respond.  Both us and our seller are ready and packed! We are now looking at exchange early next week and complete week beginning 22nd.  We've been on market since Jan 2020... this has been the most painful year!

naomibm

after yesterday saying we were ready to exchange....buyers solicitors now have more enquiries.  im so exhausted and havent slept for weeks.....😬

Natbag

Oh yikes, some bad luck going on in here today. Sorry to hear this. Hope you get some better news next week. TFI Friday eh? 

Sunsaru

I'm supposed to be exchanging today but the bank have asked for my giftee (is that a word??) to sign an extra form. She is 200+ miles away and a complete technophobe. Her printer has run out of ink and what would take you and me 20 secs to do has so far resulted in a 20 min phone call and radio silence for the last hour. I am in the hands of the powers that be as to what happens next.....

crumblylancashire

Insomniac101 said:

@crumblylancashire
I did post in-between and the exchange is off today, as the buyers solicitor raised "another" enquiry mid week and we are waiting for the Freeholder to respond.  Both us and our seller are ready and packed! We are not looking at exchange early next week and complete week beginning 22nd.  We've been on market since Jan 2020... this has been the most painful year!

Argh, missed that, crazy work day - oh no, that's nailbiting.  Really hope it gets sorted ASAP, that's a really long wait to move.  Sounds like it's pretty close though!