The NEW waiting to exchange thread...

houghton91

One week today until completion for us - looong weekend of packing/clearing and now we're just twiddling our thumbs and waiting to move now!

Fingers crossed for some more good news on this thread this week.

Coopsy85

timmins91 said:

One week today until completion for us - looong weekend of packing/clearing and now we're just twiddling our thumbs and waiting to move now!

Fingers crossed for some more good news on this thread this week.

So, you are 1 week ahead of us. I'm thinking about what we need to keep out after a mammoth packing session this coming weekend - any tips? what have you kept unpacked? i'm thinking just a weeks worth of clothes and really plan out meals to try and empty fridge and freezer??? 

crumblylancashire

Very exciting and scary... should be exchanging on Friday and completing the following Friday 26th, just got the contract paperwork through to sign, and need to get the insurance sorted.  Just hoping Accord don't spend ages doing final checks and slow it all down! 

Mani_London

Natbag said:

Congrats Mani_London! Hope you're enjoying your new home
Nothing much going on here, although my boyfriend announced last night that he had missed a call from the EA on Friday and hadn't called them back yet. Sigh! Hoping it's just a weekly update-type call and nothing disastrous. 

Thanks Natbag: Best of luck o you

Insomniac101

Mani_London said:

I want to share a good news on Monday Morning. We completed on Friday afternoon. Phewwww man. this is a roller coaster ride but well worth it. Best of luck to everyone who is waiting. 

Congratulations!!

Insomniac101

We hope to hear back from our freeholder on the enquiry this week.  Why the buyers solicitor raised another just before exchange on Friday really confuses me!! We will hopefully exchange during the week, as completion was agreed for week beginning 22nd, but all depending on our freeholder response, save me now!

crumblylancashire

I have a question about insurance...apparently I need to get the policy in place this week, but the solicitor says that the policy must say that Accord have an interest in the house, or something along those lines.  Has anyone has to also do that, and which insurance company would you recommend?

Insomniac101

@crumblylancashire
We were advised to get quotes and for it to start on day of exchange, but of course our exchange date has been pushed back.  So the quote is in place and ready for us to call up to start as soon as we exchange, all remote purchase have 14 days cooling off period where you can cancel/postpone.

When doing the quote they ask if the house is "owned outright",  "owned with mortgage" etc - I'm guessing when it comes to this section you may be able to give detail (we were not asked)?  We are currently with Direct Line and will probably keep them, as their customer service is brilliant, you speak to a human 95% of the time. (though they sometimes are a little dearer)

Natbag

crumblylancashire said:

I have a question about insurance...apparently I need to get the policy in place this week, but the solicitor says that the policy must say that Accord have an interest in the house, or something along those lines.  Has anyone has to also do that, and which insurance company would you recommend?

Yes, this is very typical when insuring a house that is mortgaged. You just have to let the insurer know that Accord have a financial interest in the property as the mortgage lender, and ask them to make sure that the policy wording reflects that. You need to have the property insured from the date of the exchange, this is usually a requirement of the lender to protect their investment and you'll need to provide the proof/paperwork. Many insurers will cover you on buildings and contents on your current home, and buildings only on your new home for the period between exchange and completion, with everything moving over on completion day. I recommend Direct Line too, been with them a few years and they've always been great, easy to get hold of by phone or webchat (handy when dates are up in the air!), and I've used their home emergency additional cover a few times lately and the service has been really fast.

homemover21

Exchanged today with completion tomorrow! 8 months since we put our house up for sale and 3 months since offer accepted on our purchase.