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Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.The NEW waiting to exchange thread...
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We are exchanging and completing tomorrow! It's an empty house whilst we are living in rental and his already living somewhere so hopefully goes smooth tomorrow. Gives us 2 weeks to decorate and can slowly move stuff in.0
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I now have my contracts, exchanging next week and I!!!8217;m feeling overwhelmed with emotion (scared emotion, as opposed to excited emotion). It!!!8217;s the fear of entering new territory.
I!!!8217;ve been renting for all my adult life. That said I can!!!8217;t keep renting as I!!!8217;ve moved at least 10 times. I look forward to some stability.0 -
They need to make sure their surveyor understands old buildings - most RICS surveyors don't want will recommend damp and timber specialist surveys. A lot of people don't realise that you don't put a chemical damp course into a 300 year old building. And measuring damp with a damp meter actually is stupid as they aren't made to measure damp but resistance in wood ONLY! I hope it doesn't through everything out and they try to guzunder.Of course it wouldnt be that easy
buyers have now booked in a homebuyers report. Now Im panicking they will find something I dont know about, plis the house is 300 years old so its bound to be a car crash report even if they dont find any real issues!!:( Now for a stressful bank holiday weekend and next week waiting for a dreaded phone call...
28/4 offer accepted
03/5 draft contract pack sent from our solicitor
03/5 valuation
08/5 buyer mortgage approved!
17/5 searches back, enquiries received and repied to.
22/5 completion statement received, solicitor requested exchange date from buyer!
24/5 appointment to sign contracts
30/5 homebuyers survey......“Isn't this enough? Just this world? Just this beautiful, complex
Wonderfully unfathomable, natural world” Tim Minchin0 -
Hey guys, first post on here... my boyfriend and I are first time buyers so threads like this have been really helpful!
26/2 - offer accepted
5/3 - instructed solicitors
5/3 - draft contracts from vendor's solicitor requested
3/4 - draft contracts received & enquiries raised
5/4 - enquiries received by vendor's solicitor
2/5 - some responses to enquiries received
2/5 - our solicitor responded with the 6 outstanding enquiries
16/5 - responses to some outstanding enquiries received
We've been chasing up the estate agent pretty much every day to try and push our purchase through because the vendor's solicitors have been terrible sitting on things and lying about when they've sent information to our solicitor... it's been a bit of a nightmare to be honest but now that we have the responses to (hopefully all, but sounds like just some) of the outstanding enquiries we can get a wriggle on and exchange soon!
*Update*
We spoke to the sellers yesterday who explained that their related purchase fell through a few weeks ago... yet no one bothered to tell us, neither the sellers who we've been in regular contact with since our offer was accepted, nor the estate agents who we were chasing for updates from every day. Thankfully the seller has now said they've found a property which is vacant, had an offer accepted, started their searches and raised enquiries. Though I now take this with a pinch of salt.
Thankfully we've now had our enquiries all responded to, and are happy to exchange after we have an inspection done next week. We're looking to complete around the second week of June and the sellers say they agree with this so fingers crossed it stays that way...0 -
I had my offer accepted two days after you, and we haven't signed contracts and the sellers solicitor takes at least 2 weeks to do a simple task. They actually emailed my solicitor to ask me a question about their own client.... It's beyond frustrating and I don't think I'd buy a house again anytime soon.0
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I feel your pain. !!!128553;
It’s so hard being in limbo knowing at any minute someo can pull out.
12 weeks in and still no exchange.
I think I would have coped better if we hadn’t already agreed a completion date, moved the completion date back, then forward, then back again, under the illusion that everyone was ready, only to be told that someone isn’t even ready to exchange, let alone complete!0 -
They need to make sure their surveyor understands old buildings - most RICS surveyors don't want will recommend damp and timber specialist surveys. A lot of people don't realise that you don't put a chemical damp course into a 300 year old building. And measuring damp with a damp meter actually is stupid as they aren't made to measure damp but resistance in wood ONLY! I hope it doesn't through everything out and they try to guzunder.
Yes! Luckily they seem to understand the different needs of old buildings and their surveyor apparently is a specialist in old buildings so that is a big relief! However im still going to spend the weekend panicking amd I still expect the survey to show all sorts or potential none existiant issues. Just hoping no real big issues come up.
Going to try and get today out the way and try and relax and not let the worry ruin the bank holiday weekend.
Hope everyone elses weekend is relaxed and not stressful!0 -
We have exchanged!! Completing in six days!
As always, it's been an absolute nightmare to reach this point, and there were times when I thought we'd never get here. There's been some infuriating nonsense with lenders, solicitors, and surveyors, we have exchanged two weeks later than we'd expected and we had to move our completion date back... but here we are.
So if you're feeling anxious and stressed and wondering if it's ever going to happen: have faith, you'll get there. Probably. (-:0 -
Doing the merry go round of mortgages now - proving deposit, proving ID - house we are buying has an up and running holiday let (not mentioned in the details) we aren't going to use it as such but it's still difficult to get a mortgage on a house with an annex with a 2nd kitchen in the house. (I expect we shall take the kitchen out when we come to sell in many years time to make it easier). We have a broker - I 'think've now have mortgage application going in today - though of course there are constant emails now asking me for info we have already provided - so I provide it again *sigh*. Hopefully will hear in a few days how it is going.
Time Scale so far . . . updates in bold
House on market - 10/1/18
Offer received and accepted on our house 17/1/18
Offer made and accepted on house 1 20/1/18
Various stuff happened
Exchanged on the house sale 27/2/18
Completion on house sale 2/3/18
Various stuff happened
Pulled out of the purchase of house 1 27/4/18
Offer accepted on house 2 19/5/18
Broker instructed as complicated case, solicitors instructed 21/5/18
EA sees proof of funds and ID check 22/5/18
Mortgage applied for 25/5/18“Isn't this enough? Just this world? Just this beautiful, complex
Wonderfully unfathomable, natural world” Tim Minchin0
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