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The NEW waiting to exchange thread...

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Comments

  • Olive3
    Olive3 Posts: 26 Forumite
    Seventh Anniversary 10 Posts Combo Breaker
    We have exchanged! The buyers decided not to go with a COVID rider, so we exchanged yesterday. There was a last minute wobble, as the exchange deposit passed up from the start of the chain was less than 5% of the purchase price of the house we are buying. Despite us asking several times since January how much was coming up, and how much was acceptable - we got a call yesterday from our solicitor to say that there was a risk it would fall through as it was so low! But luckily, our vendors have broken the chain - so it didn't matter. Completion date is the 26th March - so time to start packing. 
    Good luck to everyone! 
  • Completing in 4 days.. I'm working surrounded by piles of boxes of things I've been collecting.. one too many trips to Screwfix  ;)
    what time of day do you complete as FTB? Our solicitor already has our money and the mortgage funds already so he can send the money at 9am on Tuesday.
  • naomibm
    naomibm Posts: 90 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    Olive3 said:
    We have exchanged! The buyers decided not to go with a COVID rider, so we exchanged yesterday. There was a last minute wobble, as the exchange deposit passed up from the start of the chain was less than 5% of the purchase price of the house we are buying. Despite us asking several times since January how much was coming up, and how much was acceptable - we got a call yesterday from our solicitor to say that there was a risk it would fall through as it was so low! But luckily, our vendors have broken the chain - so it didn't matter. Completion date is the 26th March - so time to start packing. 
    Good luck to everyone! 
    brilliant news! good to know its happening for some people! 🙂
  • naomibm
    naomibm Posts: 90 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    Completing in 4 days.. I'm working surrounded by piles of boxes of things I've been collecting.. one too many trips to Screwfix  ;)
    what time of day do you complete as FTB? Our solicitor already has our money and the mortgage funds already so he can send the money at 9am on Tuesday.
    unfortunately its all down to solicitors and the situation of the people you are buying from and their solictors...
  • Will be another sleepless weekend... the buyers solicitors have asked for something from the freeholder, which will probably drag on for another week I reckon, also doesn't help that the buyers solicitors is on annual leave.... why?? everyone knows March was going to be busy!
  • Caz_Mnaz
    Caz_Mnaz Posts: 304 Forumite
    100 Posts First Anniversary Name Dropper
    Completing in 4 days.. I'm working surrounded by piles of boxes of things I've been collecting.. one too many trips to Screwfix  ;)
    what time of day do you complete as FTB? Our solicitor already has our money and the mortgage funds already so he can send the money at 9am on Tuesday.
    I got the call around 11am for me. Not looking forward to this time round... 5th transaction of the day 😬
  • Sunsaru
    Sunsaru Posts: 737 Forumite
    500 Posts Second Anniversary Photogenic Name Dropper
    Sunsaru said:
    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.....
    Well, we got the form signed but it was after 5PM so it won't be till Monday before we exchange. Still hoping for completion on the 19th. Ahh well, my time will come.
    Congrats to everyone who did manage to get the job done today :)
    Nothing is foolproof to a talented fool.
  • ZappyBoy
    ZappyBoy Posts: 42 Forumite
    Third Anniversary 10 Posts
    Well after trying to exchange for two days and the sellers solicitor messing us about, we simultaneously exchanged and completed today. Changed the locks and secured the property. We then found out the previous owner has not paid the electricity bills so the supply has been disconnected. But that is a fight for another day, we are just happy we have our home. Best of luck to everyone waiting to exchange and complete. Have a good weekend.
  • I'd like to join if that's okay! I'm hopefully buying a 2 bed cute little terraced house in Catford, London. I'm a first time buyer, 36, and doing this on my own. I've been saving my whole adult life for this and really hoping it goes through! 

    Offer 6th March
    Accepted 8th March (after a little haggling) 
    Anti-money laundering checks completed 11th March 
    Survey booked for 24th March 
    Waiting for DIP from Metro bank; got one today from Atom which stretched me around £17k too far on the deposit front.... if Metro is the same then I will go to my fallback which is Accord but they have rubbish interest rates (I've got a complicated situation as I'm a contractor and despite a reasonably large income it's a more complicated picture and we're just doing this based on one contract....) 
    Also waiting for the solicitor's letters so I can fill in and instruct them - they said it would arrive today but it hasn't! 


  • Becksina
    Becksina Posts: 78 Forumite
    Fourth Anniversary 10 Posts Name Dropper Combo Breaker
    Well we are still waiting. We were told we’d complete this week (simultaneous exchange and completion) but Accord mortgage are basically auditing everything both conveyances have done before issuing funds. Has anyone else used Accord Mortgages had this? Our solicitor was NOT happy about this as there’s now a minimum 7 working day period for Accord to review all the work, meanwhile we are all packed and have been all week. 

    On top of that is the worlds most frustrating buyer, who has cut our internet off this week by setting her own up so I can’t work and have to take annual leave, has had workmen sent to my house despite not even having exchanged yet and has had all her mail redirected here and expects me to take it to hers constantly. Losing the will to live. I had to sit in all day yesterday with 2 toddlers to wait for a workman she said was coming who never showed up, she didn’t even say thanks! 

    I’m more excited to complete just to be done with them to be honest. The magic of the house has gone now it’s dragged on so long 
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