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The NEW waiting to exchange thread...

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Comments

  • We've signed all our parts of the paperwork today and sent back :):)
    Set up buildings and contents insurance

    Exchanging is imminent!!!
  • kates08
    kates08 Posts: 94 Forumite
    First Post First Anniversary Combo Breaker
    Some progress yesterday, finally got hold of my solicitor after trying all week and he wanted us to come in asap to sign the contracts so we could try and exchange tomorrow (I.e. today)! Took a half day and rushed over there to sign everything, the rest of the chain has suggested next friday as completion.

    However he then rang our vendor's solicitor and they are still awaiting one bit of paperwork, which is due today. They don't think they can get the paperwork and be ready to exchange in the same day. We need a weekend between exchange and completion to pack so we've said that if we don't exchange today then we need to push completion back to the next week.

    Feels like we're so close but still so far away! If we move before the end of January it will be 7 months from house going on the market to moving so I'm reaching peak stress levels now :-(
  • mailmannz
    mailmannz Posts: 311 Forumite
    First Post First Anniversary Combo Breaker Debt-free and Proud!
    So vexing when things keep dragging on...
    It's going to be bloody freezing by the time we finally get there!

    Look on the bright side, it could be summer when you move in so not such an issue :)

    BTW, we exchanged contracts yesterday and complete next week!

    Regards

    Mailman
  • Reading your posts makes me very pleased that we are chain free, it should be straight forward right? So why after a week have the vendors not chosen a solicitor??
    Mortgage Apr 18 £417,894 BTL Mar 18 £162,857
    Mortgage now -- £350,085 BTL now --- £162,668
  • juniordoc
    juniordoc Posts: 366 Forumite
    Are you sure the are serious sellers FloppyDisk? That would be sending alarm bells ringing for me. I'd keep viewing other properties if I were you. And maybe let their estate agent know you are doing so if they haven't picked one by the middle of next week!
  • Getting a bit impatient. Someone tell me these time scales are all in order. Have had no communications at all from anyone, only from me chasing things up! Totally chain free transaction, was hoping to get done by Christmas

    25/10 - Offer accepted.
    17/11 - Survey done by buyer
    22/11 - Signed my copy of contract and other bits
    30/11 - Additional enquiries replied to
    13/12 - Called sols to enquire if anything else, they said everything in order, but they are waiting for local search
    4/1 - Called sols, last contact from their sols was before Christmas and that was still awaiting search before discuss exchanging; basically no update from last time

    Would have thought the searches might have been done by now.....
  • JoJo1978
    JoJo1978 Posts: 375 Forumite
    First Post
    edited 6 January 2018 at 5:16PM
    Searches can be one of the longest parts and reliant on local authority so probably would have been impacted by an Xmas shutdown if they weren't back before the break. I think most places will be back at full staff strength by next week so maybe chase again middle of the week?
  • FloppyDisk
    FloppyDisk Posts: 864 Forumite
    First Anniversary First Post
    juniordoc wrote: »
    Are you sure the are serious sellers FloppyDisk? That would be sending alarm bells ringing for me. I'd keep viewing other properties if I were you. And maybe let their estate agent know you are doing so if they haven't picked one by the middle of next week!

    I don't think we will know that until a few months have passed!
    Mortgage Apr 18 £417,894 BTL Mar 18 £162,857
    Mortgage now -- £350,085 BTL now --- £162,668
  • Called my vendors EA so they could pass on the message that's my mortgage offer will expire at the end of the month and if I have to reapply it will mean more fees, higher rate etc so lower offer.

    Hoping this lights a fire under them.
  • New update, received a letter from our solicitors saying we need to apply for adverse possession of land (boundary wrong on land registry) which is a pain and seriously hope this does not hold up our sale - they have discussed it with the buyers solicitors and it will cost us £248 but has to be done and hoping it is quick (we have lived in the house for 19 years and never needed to check if registered correctly. Am hoping somehow the solicitors can expedite it .....

    Otherwise queries are just on windows - building regs certificate - seriously I can't believe they expect a building regs certificate for new windows in 2009 - so another £100 down the drain on insurance that won't be used! Cant wait to reach the end of this sale!!!

    30 Oct - Offer accepted
    6 Nov - Notification of Sale Received & seller forms
    11 Dec - Initial enquiries raised
    5 Jan forms to be signed for Adverse possession hopefully submit 8th Jan

    Congrats to all those exchanged this week!!

    SLM
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