The NEW waiting to exchange thread...

Our Timeline


FTB



12/01/2019 - first viewing of the property

19/01 - second viewing/ made our offer
22/01 Offer accepted.

26/01 met with mortgage broker and put in mortgage application

31/01 mortgage valuation completed
31/01 solicitor instructed

04/02 mortgage offer received

12/02 homebuyers survey completed

06/03 all searches completed

06/03 requested gas boiler to have gas safety inspection carried out due to lack of Gas Safe Certificate.



after that point we had nearly 3 months of just being told our solicitor was awaiting responses to enquiries with no luck despite numerous changes



30/05 I recieved a phonecall asking us to book in to sign with our solicitor urgently as a seller up the chain was putting pressure on our vendor to try and complete within the week. We explained we still hadn't had the boiler safety check documents, we will see our solicitor and "sign" but won't be instructing them to exchange until that was sorted.



03/06 - saw our solicitor and signed documents etc, given bank details to transfer funds but told not to transfer yet . Solicitor explained that the sols the vendors are using are notoriously poor and not to send any money until we know things can actually progress. The Vendors solicitor couldn't even answer whether our property is freehold or leasehold and sent their own version of the property purchase questionaire which looked amateurish at best.



04/06 - found out we can't complete yet as our vendor has an issue, |The mortgage company won't accept a term of the leasehold on the property they are purchasing and they are having to send of for a deed of variation - Who know's how long this will now take but they are "in the process"



also received a copy of the boiler check, this was completed back in march but the vendors solicitor had never sent on .



05/06 - explained to solicitor if not sorted by July our mortgage offer will be expiring and we will not be wasting any more time on this property having been originally told there was no chain to now discover there is a chain and it is the chain causing a hold up.



06/06 solicitor advised that the vendors solicitor is still hoping to complete soon and gave a completion date of 21/06




no progress since, still not sure when we are going to exchange. not been told to send funds yet and we are on holiday for the weekend starting the 21st which will make things difficult now.



Very frustrated as FTB I feel the EA hoodwinked us into a false sense of security as far as the chain was concerned making us believe our vendor was moving into an empty property when this clearly isn't the case and here we are 6 months on still waiting with our mortgage offer not far from expiry and no solid idea of when things are going to move forward.

Finally exchanged yesterday :beer:, completion for next week!

Started process in February and got delayed due to probate delays!

letitbe90 wrote: »

Finally exchanged yesterday :beer:, completion for next week!

Started process in February and got delayed due to probate delays!

Fantastic news. Congrats.

Haven't updated since my initial post, been so frustrated with the solicitors. The initial contracts went missing between them and they wouldn't start searches until they turned up, but didn't tell me this, so had a delay of 3 weeks.

The searches themselves took 3 weeks to return, although the latest date stamp on the searches was from two weeks earlier; so it feels like they were being held onto by someone.

I should've pushed more from the beginning and that initial delay wouldn't have happened, at least I know now for the future.

Should be getting the final report and contracts today, so hopefully exchange is not too far away now.

It will be worth it; it will be worth it; it will be worth it.

Ka7e, sounds a bit ropey, hope they came through for you