PLEASE READ BEFORE POSTING

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...

Options
1…562563565567568…2053

Comments

  • Crumble2018
    Crumble2018 Posts: 296 Forumite
    First Anniversary Name Dropper First Post
    Options
    mummy2threeboys wrote: »
    Argh Best of luck! Is there some epically long film you can watch? xx


    No - I'm at work anxiously waiting for the call!! We've been waiting over 5 months for this!!



    Hope yours all works out!
  • Crumble2018
    Crumble2018 Posts: 296 Forumite
    First Anniversary Name Dropper First Post
    Options
    Just been told that our vendors vendor has only just received the hard copy of his mortgage offer, and his solicitors don't have it yet. So exchange not happening today! :mad::mad::mad:
  • Marteebee
    Marteebee Posts: 3 Newbie
    Options
    Marteebee wrote: »
    Been lurking here for a couple months now so thought I'd chime in with my part! We're FTB and waiting for it all to happen now really!

    June 19 - See a few houses, settle on one we like and go for a viewing
    02 July 19 - Agree we both like house, book second viewing and phone appointment with Nationwide for mortgage AIP
    05 July 19 - Nationwide decline us as I didn't declare a payday loan I had (Completely forgot!)
    August 1st - Still sad from rejection, see the house we wanted dropping in price another £5k bringing it more in line with area prices
    August 2nd - Call up a mortgage broker and get going on another check (What have I got to lose except credit score?! :P)
    August 9th - Call with broker, told chances aren't amazing due to my history but we'll try
    August 13th - AIP pops into our inbox! Not an ideal interest rate/terms but we're happy cause at least we have an AIP!
    August 14th - Out of the blue, broker phones, has found us a much better deal on better terms. Happy days! Proceed to full offer and we book viewing on the house
    August 17th - House Viewing - Happy days, we decide we both like it as much as we did a few months back.
    August 21st - 2nd viewing booked for following day
    August 22nd - Agree verbal price with seller, knock off another couple grand. (Assuming offer)
    August 26th - Full mortgage offer comes through, offer made and accepted and Sold STC!
    August 30 - Solicitors instructed
    Sep 1 - 27 - Yawn, waiting for sellers pack with the fixtures stuff.
    Sep 10th - Surveyor instructed
    Sep 26th - Survey completed and given. No large red flags, only bits we knew about already.
    Oct 2nd - Pay solicitors to get checks on the go. (Didn't want to pay until seller returned pack)

    Sorry for the wall of dates but all happy it's on the go now and staying positive, maybe 4-6 weeks away from the keys! Eek! No chains either side so at least it's not dependent on others!


    Think we're finally getting there! Searches returned all good mid-October and we were looking at a completion of the 8th (with an exchange earlier in the week) but seller twice moved their preferred completion date (After hassling us to hurry up with the process...) but it's looking like an exchange this thursday and completion next Tuesday at the mo'!


    Can't wait!
  • dingling68
    dingling68 Posts: 251 Forumite
    Name Dropper First Post First Anniversary
    Options
    welwynrose wrote: »
    Just had a phone call to confirm that we’ve exchanged woo hoo

    Congratulations :beer:
    Save £12k in 2022 #54 reporting for duty 
  • dingling68
    dingling68 Posts: 251 Forumite
    Name Dropper First Post First Anniversary
    Options
    Bluntman_1983 wrote: »
    Still haven't exchanged. One enquiry outstanding on our buyer's sale. No idea what it is (other than it needs the housing association to provide a response) or why it's taking so long. Our estate agents, our seller's estate agents and our solicitor are chasing like mad but getting zilch out of our buyer's estate agent or solicitor. Everyone else has been ready since early September. Our seller can't complete between 25th Nov and 8 Dec due to holiday so we're staring down the barrel of 2020 completion potentially or the whole thing collapsing. Mortgage offer expires end of December.

    :(

    My mortgage offer also expires at the end of December and I am nowhere near exchange! I advised my broker and he was able to get me another offer from the Halifax on a new product the same day. It is valid till the end of June next year.
    Save £12k in 2022 #54 reporting for duty 
  • surrender_in_pity
    surrender_in_pity Posts: 19 Forumite
    Options
    two property chain with two buyers and three parties.
    selling empty Property


    29/07 Offer accepted
    07/08 returned particulars and ID
    13/08 survey completed
    16/08 contract pack sent
    10/08 enquiries answered
    20/08 advised by estate agent that my solicitor is causing the delay
    29/08 advised now sellers leasehold flat to their buyers has lot of questions
    03/09 advised will exchange end of September
    22/09 sign sellers contract.
    30/09 fails to exchange
    08/10 advised queries with knotweed on land of leasehold 3rd floor flat on other property in chain.
    18/10 advised knotweed issues resolved.
    29/10 advised will exchange and complete all in the same day
    29/10 advised will only exchange that day.
    02/11 advised will exchange that day.
    09/11 advised will exchange that day.
    11/11 informed people buying the flat, allows that seller to then buy my house have not been granted funds from their lender, because of knotweed issue.
    11/11 My solicitor say they do not know what's going on, or when to expect a resolution.
    12/11 awaiting update from estate agent


    Feel like we are being deceived.


    No idea how they could suggest completion, and a month later deny funds are even present in part of the chain.


    We accepted a lower offer as the chain was supposedly easy.
    Am tempted give it a week and walk away or ask for the amount we initially wanted.
    Any advice?
  • LittleMax
    LittleMax Posts: 1,406 Forumite
    Photogenic Name Dropper First Post First Anniversary
    edited 12 November 2019 at 4:36PM
    Options
    We are buying but keeping on our current property.
    28/10 - Offer accepted - was told vendor wanted to move asap
    We instruct our conveyancer and apply for mortgage with view to trying to get things done to be in by Xmas
    06/11 - EA contacts us to say vendor would like to stay in property for Xmas
    We agree and continue but with slightly less urgency
    11/11 - Vendors solicitor emails ours to request 29/11 exchange and 06/01 completion!

    There is no chain and we were prepared to pull out all the stops to be in for Xmas. But without that prize there is no incentive for us and we would be better off waiting until end of January to get another pay cheque in.

    Seems I am in the unusual position of trying to slow things down.
  • Bluntman_1983
    Bluntman_1983 Posts: 37 Forumite
    Options
    dingling68 wrote: »
    My mortgage offer also expires at the end of December and I am nowhere near exchange! I advised my broker and he was able to get me another offer from the Halifax on a new product the same day. It is valid till the end of June next year.

    Thanks for the reassurance! Our offer is with Halifax as well, but through "Which?" Mortgage Advisers who have since stopped trading. They do have a small team working to progress agreed transactions though so i'll give them a shout in a week or so if nothing has changed to see if they can do the same as you. Good to know it went through quickly - hope your transaction speeds up!
  • Flugelhorn
    Flugelhorn Posts: 5,656 Forumite
    First Anniversary Name Dropper First Post
    Options
    Offer accepted 30/10 - vendor wants to exchange by Xmas

    I've done this too often
    Going to do some Xmas shopping
  • **dancingbutterfly**
    **dancingbutterfly** Posts: 774 Forumite
    First Post First Anniversary
    Options
    We complete tomorrow and I am sick to my stomach with nerves!

    The house is packed up and ready, I am beyond excited for my beautiful new place, but cannot sleep and am terrified something will go wrong?

    Buyers carp sol doesn't send money till 4pm etc etc.

    NEED TO CHILL. :rotfl:
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.5K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.6K Work, Benefits & Business
  • 608.5K Mortgages, Homes & Bills
  • 173.2K Life & Family
  • 248.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards