progress made in 7 weeks of Buying/Selling Process

sujsuj

1. Offer made on my House - July last week
2. I made offer on new House - July last week
3. Memorandum  received on my Purchase - July last week
4. Memorandum  sent on my sale - Aug 1st week
5. Draft Contract on my Purchase received - Aug 1st week
6. Draft contract  sent on my Sale - Aug 1st week
7. Search reports (Premium Plus Planning, LOCAL AUTHORITY SEARCH, Drainage & Water searches) ready - September 1st Week

8. Morage Offer/approval - September II Week
9. My Buyer's Mortage offer/Approval - September III Week
10.  My Buyer's searches completion - September III Week
11. Some queries are exchanges ongoing, last set of Queries expected to complete September Last week
12. No confirmation on the First member of chain..

Q1. Not clear how things are progressing in this case..? Is this going slow or OK speed. ..? ?
Q2. Not clear when my solicitor should start talking about completion dates..? I asked once but haven't got any reply yet. What instruction I need to give him now..? What I felt is things will be very slow until you follow up.  Am I close to ask for a completion date?
Q3. Do I need to give any specific Instruction to my solicitors about my mortgage..? Already informed him its Approved. I gave my Lender my solicirors details while applying mortage . Do I need to give any other instruction to my solicitor on my mortgage related paperwork and engagement with lendor solicitors..? Or it might have started already by default as gave details to lener already..?

Sorry so many question..Keen to see this completed as Covid situation is going up again.!!

hazyjo

You might be better on the 'waiting to exchange' thread which must be around here somewhere.

It's all likely to take an average of 12 weeks. Maybe longer atm due to lack of staff and people's availability etc.

I certainly wouldn't be worrying for taking about completion after only 7 weeks.

Good luck.

sujsuj

I am not clear whats pending now? or when I will be clear of acompletion date..?

Tiglet2

Q1. Ok
Q2. No point asking about completion dates until all enquiries on both sale and purchase are satisfactorily answered. 

Q3. Your lender will send a copy of the mortgage offer together with instructions to your solicitor. Your solicitor is acting for the lender as well as you and will report anything of note to them. 

sujsuj

Thanks.My understanding was lender will have a separate solicitors who will talk to my solicitor..right..?

Tiglet2

sujsuj said:

Thanks.My understanding was lender will have a separate solicitors who will talk to my solicitor..right..?

Is your solicitor not on your lender’s panel?  If there is another solicitor acting for the lender then you are adding another link to the chain and much of the work will be duplicated.

sujsuj

My solicitors is not on my lender’s panel. Do I need to do some extra work or my lender's solicitor & mine will link up by default..?

Slithery

Yes they will.

Did you have a good reason for not choosing a solicitor who was on your lenders panel? You will now have to pay 2 lots of solicitors to do the same work...

sujsuj

If I was aware of this I might not have gone with this guy.

Thrugelmir

Who is in the chain above you ?