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The NEW waiting to exchange thread...

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Comments

  • lillypoo
    lillypoo Posts: 311 Forumite
    Sixth Anniversary 100 Posts Photogenic Name Dropper
    good luck to you too insomniac
    we were originally supposed to complete yesterday
    then we were supposed to exchange yesterday
    now i will be chasing solicitors right along side you

    i am so fed up with this process ... it feels like 120mph then 30 mph then 120 mph then stalling on an upward slope....
    dont know which bit was worse, the frantic packing when given a very close completion date or the sitting around in an empty house now everythings in storage and NOTHING seeming to happen

    ah well .... lets hope we all have at least some information and good news later today. 
  • lillypoo
    lillypoo Posts: 311 Forumite
    Sixth Anniversary 100 Posts Photogenic Name Dropper
    ps ...does anyone else feel really guilty for chasing solicitors ad estate agents? i KNOW theyere working for me yet i feel like im being a nuisance on the rare occasions i phone anyone.
  • Drem1992
    Drem1992 Posts: 36 Forumite
    10 Posts Name Dropper
    FTB here, we're still fairly early on in the process compared to most of you!
    Timeline
    18/02- offer accepted
    18/02- mortgage application made to NatWest
    20/02- solicitors instructed
    11/03- mortgage application rejected by NatWest 😭
    11/03- mortgage application made to Halifax
    17/03- mortgage approved by Halifax 🥳
    22/03- home buyers survey will happen

    Solicitors are waiting for survey to be completed before they start their searches. 
    Have been trying to work out a possible timeline for when this will all be done but I realise that's almost impossible at this stage. I'm itching to move in and get decorating! We're very lucky to be first time buyers in a rental where we only have to give 4 weeks notice, and our vendor is moving into rental, so once all the paperwork and legal bits are done we shouldn't have to wait too long to move in.
    Anyone else spending too much time on Pinterest/Instagram planning out the DIY jobs and browsing furniture online? 😂

    Emily
  • Sunsaru
    Sunsaru Posts: 737 Forumite
    500 Posts Second Anniversary Photogenic Name Dropper
    lillypoo said:
    ps ...does anyone else feel really guilty for chasing solicitors ad estate agents? i KNOW theyere working for me yet i feel like im being a nuisance on the rare occasions i phone anyone.
    Yup!!! I alway start with "I'm so sorry to harass you..."
    Nothing is foolproof to a talented fool.
  • Caz_Mnaz
    Caz_Mnaz Posts: 304 Forumite
    100 Posts First Anniversary Name Dropper
    Sunsaru said:
    lillypoo said:
    ps ...does anyone else feel really guilty for chasing solicitors ad estate agents? i KNOW theyere working for me yet i feel like im being a nuisance on the rare occasions i phone anyone.
    Yup!!! I alway start with "I'm so sorry to harass you..."
    Nope, I always just email /call my solicitor with 'don't suppose we've heard anything H' and he normally replies with 'nope I've heard chuff all from the chain' 😂 I love him he's great

    And I don't even have to chase my buying and selling agents as they ring once a week with updates or confirm no news.

    Feel very lucky after hearing some people's experiences! 
  • Sunsaru
    Sunsaru Posts: 737 Forumite
    500 Posts Second Anniversary Photogenic Name Dropper
    Drem1992 said:
    Anyone else spending too much time on Pinterest/Instagram planning out the DIY jobs and browsing furniture online? 😂

    Emily
    FTB here too, completing today. 
    I've had a spreadsheet with costs and links from about a week after instructing my solicitors in Jan. Furniture, white goods, beds.  I must have had 6 or 7 viewings to date taking tradesmen or just my tape measure round.
    This process can get stressful at times so it's good to focus on the funs bits.
    Nothing is foolproof to a talented fool.
  • Sunsaru
    Sunsaru Posts: 737 Forumite
    500 Posts Second Anniversary Photogenic Name Dropper
    Caz_Mnaz said:
    Sunsaru said:
    lillypoo said:
    ps ...does anyone else feel really guilty for chasing solicitors ad estate agents? i KNOW theyere working for me yet i feel like im being a nuisance on the rare occasions i phone anyone.
    Yup!!! I alway start with "I'm so sorry to harass you..."
    Nope, I always just email /call my solicitor with 'don't suppose we've heard anything H' and he normally replies with 'nope I've heard chuff all from the chain' 😂 I love him he's great

    And I don't even have to chase my buying and selling agents as they ring once a week with updates or confirm no news.

    Feel very lucky after hearing some people's experiences! 
    It's only my solicitor and MA that I've had to chase. The selling agent has been nothing short of world class.
    Nothing is foolproof to a talented fool.

  • Have been trying to work out a possible timeline for when this will all be done but I realise that's almost impossible at this stage. I'm itching to move in and get decorating! We're very lucky to be first time buyers in a rental where we only have to give 4 weeks notice, and our vendor is moving into rental, so once all the paperwork and legal bits are done we shouldn't have to wait too long to move in.
    Anyone else spending too much time on Pinterest/Instagram planning out the DIY jobs and browsing furniture online? 😂

    Emily
    I am probably... a month ahead of you in the process (Offer accepted on the 1st February but mortgage offer granted on the 10th February) & we have just started to talk dates! Provisionally we are aiming for the 23rd April to move! I know that a lot of things can vary place to place (we are in the north east) but we are in a similar position of currently renting & buying off sellers who are moving into rented accommodation & by my count we are looking at 81 days from offer to completion - hopefully! 

    It might be worth having a look at how long searches in your area are taking, it’s been linked in this thread before but googling “searchflow personal search turnaround” should give you an idea (it should take you to a list of different council areas and timescales- I’m still a newbie so it won’t let me post a direct link!)
    Ours is only around 8 working days but some places are creeping up to 45+ days for searches to be returned. 

    I keep going through phases of planning out everything ... then realising that I really can’t commit to anything until we are in... then planning out everything all over again!
  • Drem1992
    Drem1992 Posts: 36 Forumite
    10 Posts Name Dropper
    It might be worth having a look at how long searches in your area are taking, it’s been linked in this thread before but googling “searchflow personal search turnaround” should give you an idea (it should take you to a list of different council areas and timescales- I’m still a newbie so it won’t let me post a direct link!)
    Ours is only around 8 working days but some places are creeping up to 45+ days for searches to be returned. 
    Thank you so much I didn't know about this, our area says 6 working days which sounds amazingly short! Hopefully won't have to wait too long!
  • Natbag
    Natbag Posts: 1,563 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    flyingv said:
    So sorry some of you are having the wait from hell.  Really hope you all get good news soon and that you'll all be on the move and surrounded by boxes in your new homes!
    An update from me:
    24/09 - flat went on the market - loads of viewings and a couple of (very) low-ball offers from investors
    21/12 - reduced the price
    13/01 - accepted an offer just under the revised price from a relocation company paying cash who want a 12-week completion (yikes!)
    13/01 - instructed solicitor
    19/01 - hand-delivered what felt like an entire forest of paper back to the solicitor's office
    28/01 - draft contracts sent to buyer's solicitor
    19/02 - spoke to EA who told me all was progressing well, searches had been requested and enquiries raised with my solicitor
    12/03 - spoke to EA again, all searches are back except the LA search and responses to enquiries have been received.  LA search is due back on 23rd March. 
    Hopefully once the LA search is back that will be it and we can start thinking about dates.  Exciting!

    You're at a similar stage and timeline to me, we have all our searches back but can't proceed until both sets of buyers have theirs back - one due today and one next week I'm told. Hoping to get my solicitor to update me on the enquiries, as I'm under the impression they are mostly done but for any last-minute ones off the back of the searches, and I want to start talking about dates now because I really need to push this ahead due to our current living situation and there are six parties who need to agree. Urgh!
    Property buying/selling timeline - currently into week 21
    04/12/20: Both properties listed for sale
    11/01/21: Offers accepted on both sales & on our joint purchase
    25/01/21: Identity checks completed, solicitors instructed
    27/01/21: Purchase survey & valuation complete, mortgage offer received 
    05/02/21: Reduction agreed on partner's sale (under-valuation) & on purchase. Mortgage offer amended
    08/02/21: Buyers pack returned to solicitor - sellers packs already returned
    26/02/21: Partner's sale contract signed
    10/03/21: Purchase searches all back
    16/03/21: My sale contract signed
    28/03/21: Purchase enquiries satisfied, Title Report & contracts issued, contracts signed & returned
    11/05/21: Still waiting on final enquiry in the adjoining chain to be resolved. Consent to break the chain granted, instruction to move to exchange given.
    17/05/21: All parties agreed to June 3rd for completion
    27/05/21: Exchanged on my sale only
    28/05/21: ALL EXCHANGED!
    03/06/21: Completion
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