Waiting to exchange

herewego123

Hi all

Sent my deposit and sol fees over on Saturday and we are completing on Monday but still to have an exchange date set. 

Rang my solicitor today to chase to be sent an email following asking for the following;

1. Proof of building insurance (didn't think this was to be done until exchange date set)
2.asked for bank details incase funds need sending back (why would this be needed)
3. Sol asked if I'm having a gifted deposit or isa? ( again why when all this has already been proved rtc)

Bit lost as to whether all this is normal?


Help please?

propertyrental

You mean "we are hoping to completing on Monday "

herewego123 said:

Hi all

Sent my deposit and sol fees over on Saturday and we are completing on Monday but still to have an exchange date set. have you (all) agreed to Exchange/Complete on same day? If not, what gap has been agreed?

Rang my solicitor today to chase to be sent an email following asking for the following;

1. Proof of building insurance (didn't think this was to be done until exchange date set) you start the cover from the Exchange date, but your solicitor (acting for your mortgage lender) wants confirmation you have a policy lined up ready.
2.asked for bank details incase funds need sending back (why would this be needed) purchase might be delayed by a week. Or a month.Or might fall through. You should be pleased your solicitor is clearly keen to be in a position to return your money if necessary
3. Sol asked if I'm having a gifted deposit or isa? ( again why when all this has already been proved rtc) Uneccessary IF, as you say, already confirmed.

ConsistentlyLost

herewego123 said:

Hi all

Sent my deposit and sol fees over on Saturday and we are completing on Monday but still to have an exchange date set. 

Rang my solicitor today to chase to be sent an email following asking for the following;

1. Proof of building insurance (didn't think this was to be done until exchange date set)
2.asked for bank details incase funds need sending back (why would this be needed)
3. Sol asked if I'm having a gifted deposit or isa? ( again why when all this has already been proved rtc)

Bit lost as to whether all this is normal?


Help please?

I hope it's all going well for you now herewego123.

I myself have just had the exchange of contracts done yesterday and am now waiting on completion on Friday, rather exciting!