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  • FIRST POST
    • happytails
    • By happytails 27th Jul 17, 5:20 PM
    • 1,515Posts
    • 9,224Thanks
    happytails
    The NEW waiting to exchange thread...
    • #1
    • 27th Jul 17, 5:20 PM
    The NEW waiting to exchange thread... 27th Jul 17 at 5:20 PM
    So the other thread has gone awol so thought i'd start a new one! It was keeping me sort of sane during the house buying/selling process!

    A place to document your timelines and discuss the triumphs and woes of moving house!




    My timeline -
    Offer received and accepted on our house 17/07
    Offer made and accepted on the house we want 17/07
    Solicitors Instructed 17/07
    Meeting with mortgage advisor, all docs given 18/07
    Mortgage application submitted to Nationwide 19/07
    Documents picked up and filled in from Solicitor 19/07
    Documents and ID returned to Solcitor 20/07
    Valuation booked 20/07
    Solicitor composes draft contract & starts local searches 25/07
    Valuation carried out 26/07
    Solicitor gave us our fixtures and fittings form for purchase and requested marriage certificate 26/07
    My buyers valuation carried out 27/07
    Mortgage offer given 27/07

    Sarah

    Official MoneySavingExpert.com Insert:

    Hi all! For more help with your move read our guide:

    50+ House Buying Tips
    Last edited by MSE Andrea; 06-10-2017 at 11:50 AM.
    Sarah,

    Trying to move up the house ladder in 2018, running a business with 3 kids in tow & slowly going crazy!
    Member No43 - % Challenge
Page 134
    • lifeofunmumsy
    • By lifeofunmumsy 5th Feb 18, 11:48 AM
    • 7 Posts
    • 44 Thanks
    lifeofunmumsy
    I have no idea where all the !! And numbers are coming from ... not how I typed it so apologies!
    • Aliliva
    • By Aliliva 5th Feb 18, 11:50 AM
    • 143 Posts
    • 402 Thanks
    Aliliva
    I'm about 20 weeks in. 10 isn't too bad tbh even for no chain...shouldn't be much longer for you.
    Originally posted by Vampyr
    I'm just losing all the hope and the momentum, I can't even think of the tiny refurbishments I wanted to do or the furniture. And obviously, I'm starting to question the whole house buying idea, maybe it was a mistake in the first place
    • Vampyr
    • By Vampyr 5th Feb 18, 12:03 PM
    • 57 Posts
    • 98 Thanks
    Vampyr
    I'm just losing all the hope and the momentum, I can't even think of the tiny refurbishments I wanted to do or the furniture. And obviously, I'm starting to question the whole house buying idea, maybe it was a mistake in the first place
    Originally posted by Aliliva
    Don’t worry – you’re not alone – we’ve all been there. The complete lack of control, the impatience, not knowing what problem might come up next, constant chasing of mortgage provider, solicitor, or EA, and the constant conflicting stories you get from them. I’ve experienced it all, and yes I’ve thought about whether it is all worth it.

    The whole process in England and Wales needs a fundamental rethink imo. It’s a miracle any property transactions happen in this country.

    Try and find out from your EA or solicitor what the actual hold up is. Be specific – they love giving vague answers.
    • lifeofunmumsy
    • By lifeofunmumsy 5th Feb 18, 12:04 PM
    • 7 Posts
    • 44 Thanks
    lifeofunmumsy
    Aliliva, try not to if you can. As the buyer you hold all the cards... as the vendor if my partners sale fell through now after these 22 weeks and we had to start again we would be stuck, as we cant buy a new property without his sale completing and the equity. Its been a hard half a year! Everyone lets hope to good news all round this week
    • Aliliva
    • By Aliliva 5th Feb 18, 12:11 PM
    • 143 Posts
    • 402 Thanks
    Aliliva
    thank you all - lots of virtual hugs!
    Unfortunately, I'm the hold up...or, better, my solicitor was till two weeks ago. Now it's just the little detail of some extra charges from the freeholder that were not disclosed till last week, with the vendors being in arrears and some other bits and bobs. I don't want to screw up anything, not the least cause the vendors seem like nice people and need this sale to happen, but the stress it's so much I can't sleep and I'm a useless person at work!
    • phoebe1989seb
    • By phoebe1989seb 5th Feb 18, 12:38 PM
    • 3,242 Posts
    • 6,645 Thanks
    phoebe1989seb
    Sending more virtual hugs your way, Aliliva.....you will get there in the end!

    Welcome newbies

    Just a quick recap for those not familiar with our story -

    3/1/18 Exchanged contracts on our sale
    19/1/18 Viewed/offered on repossession
    22/1/18 Offer accepted on repo on understanding we exchange within 2 weeks (5/2/18)
    26/1/18 Completed on our sale
    Moved everything into storage
    All garden stuff still at old house with agreement of new owners - we will collect asap
    Currently staying at friends' house with our two dogs
    9/2/18 Need to be out of friends' house as tenants moving in

    So, called solicitor regarding our purchase of repossession this morning, as today is supposed to be deadline for exchange - us being cash buyers. Apparently they have received all docs and have passed to their repo specialist who is preparing a report for us.

    Reminded them we'll be homeless from Friday (aka staying in Travelodge/dogs in kennels ) and asked if there's any likelihood of simultaneous exchange/completion this week. There is a chance, they said. Not holding out much hope, tbh.......
    Paid off mortgage early - mortgage-free for ten years!

    Over £40,000 mis-sold PPI reclaimed
    • Cheery Daff
    • By Cheery Daff 5th Feb 18, 1:14 PM
    • 8,180 Posts
    • 40,585 Thanks
    Cheery Daff
    Crikey Phoebe, sounds stressful :blink: Hope you're not holed up in a Travelodge for too long!

    (((((stressed people)))))))))))) Deep breaths everyone. We will all get there in the end xxx

    25 weeks and 5 days for us today We were meant to finally exchange on Friday, but the bottom of the chain apparently didn't understand what 'exchange' meant and hadn't paid his deposit. Said he'd do it over the weekend, but our solicitor hasn't heard anything yet...

    Theoretically could exchange today but all dependent on that deposit... At the minute I'm fearing he'd been planning to pay it on completion (late Feb) so may not even have it all.... But trying not to invent things to worry about

    Alliva - I know exactly where you're coming from with being useless at work!

    Solicitor has emailed our sellers about the freezers dumped into the garden, demanding confirmation that they will be disposed of PROPERLY before completion. Not holding my breath about that either although feel slightly better now I've discovered the local council will shift all three for £35 I'd still have to deal with the meat though...

    Right, back to twiddling thumbs work

    • phoebe1989seb
    • By phoebe1989seb 5th Feb 18, 1:53 PM
    • 3,242 Posts
    • 6,645 Thanks
    phoebe1989seb
    That person at the bottom of your chain does sound like a dozy idiot, Cheery Hope the penny's dropped re: the deposit now! At least you can get those freezers removed by the council if need be, but that meat......yuck! Hopefully freezers and their contents will be gone so you don't have to deal with it
    Paid off mortgage early - mortgage-free for ten years!

    Over £40,000 mis-sold PPI reclaimed
    • BlueTwiglet
    • By BlueTwiglet 5th Feb 18, 1:56 PM
    • 21 Posts
    • 56 Thanks
    BlueTwiglet
    Hold tight Aliliva, you will get there! It is a tough time to remain positive though. My current timeline is fifteen weeks and it just seems to be dragging on ever so slowly now. I was hoping I would have been in about a week ago.

    Lifeoffunmumsy, in reply to your previous post, I do indeed spend the weekend completely exhausted! I also spend it rather impatiently as the solicitors are off until Monday.

    Fingers crossed for you Phoebe! Do keep us updated.

    The Cheery Daff saga continues! I think I will be more excited for you exchanging and completing than I will with my own sale/purchase!

    Further to my post on Friday, whereby my EA had emailed me to advise the buyer solicitors were waiting from enquiries from my solicitors (despite my solicitors telling me all enquiries had been answered) it has taken me four emails to get the courtesy of a reply. I felt bad chasing so many times but I wanted to ensure there was nothing outstanding from me. They have apparently received an enquiry about the management of the site, which they are dealing with and will update me when it is sorted.

    Not holding my breath for exchange this week, becoming more resigned to the fact it will (hopefully!) all go through in the middle of February.
    • Astrac
    • By Astrac 5th Feb 18, 2:00 PM
    • 12 Posts
    • 20 Thanks
    Astrac
    Offer accepted on the 22nd of October, solicitors instructed the 23rd, all my documents submitted promptly; on the 15th of December my sols told me they were waiting for the leasehold management pack from the sellers solicitors. As of today we are still waiting.

    I chased this with the EA a few days ago and apparently the seller paid the fee for the management pack only on the 9th of January and that was ordered on the 12th. I got very angry as I don't see why we wasted one month waiting and why the seller seems to be so slow in sorting his stuff; the sellers sols even have the face to tell my sols that there had been no delay at all. My frustration is really coming to the point where I am tempted to just go away from this sale with a huge f***-off to everyone involved as I really need this to be sorted before April for tax reasons.

    Could it be that the seller tried procrastinating for that month to see if he could find a better offer? Does anyone know how long does this leasehold management pack usually take to be delivered if the freeholder is the Islington council in London?
    • vicki2221
    • By vicki2221 5th Feb 18, 2:08 PM
    • 65 Posts
    • 283 Thanks
    vicki2221
    After our sale falling through on Wednesday, we had 3 more viewings by Saturday. Apparently one of them is going to put an offer in later today. We wait and see how much for but I'm actually quite impressed how quickly we got more viewings. We told our vendors EA today that we lost our buyer and she said that it might actually be a good thing as she now doesn't want to move until April!!!! (all this time we had been pushing for end of Feb)
    • phoebe1989seb
    • By phoebe1989seb 5th Feb 18, 2:36 PM
    • 3,242 Posts
    • 6,645 Thanks
    phoebe1989seb
    Thanks, BlueTwiglet Probably best to expect it to happen for you mid-Feb......than you'll be pleasantly surprised should things happen any sooner!

    Yep, Cheery Daff, stressed isn't the half of it right now! We'd expected to put our stuff into storage from quite early on in this process as our buyers messed us around somewhat, leading us to lose a couple of very suitable properties (like you, we are buying something quite niche, lol!), but weren't bargaining for the Travelodge scenario as we thought we'd be completing, moving in, getting on with the work, then bringing our stuff home to a finished house

    Vicki - do hope you get a new offer today......and hopefully, timings-wise it'll all fall into place with your onward purchase
    Paid off mortgage early - mortgage-free for ten years!

    Over £40,000 mis-sold PPI reclaimed
    • Vampyr
    • By Vampyr 5th Feb 18, 2:41 PM
    • 57 Posts
    • 98 Thanks
    Vampyr
    Solicitor has emailed our sellers about the freezers dumped into the garden, demanding confirmation that they will be disposed of PROPERLY before completion. Not holding my breath about that either although feel slightly better now I've discovered the local council will shift all three for £35 I'd still have to deal with the meat though...
    Originally posted by Cheery Daff
    I think the British Red Cross charity shops might even take them away for free if they are working. They sell them on. Google them…they take away lots of electricals.
    • Vampyr
    • By Vampyr 5th Feb 18, 2:57 PM
    • 57 Posts
    • 98 Thanks
    Vampyr
    Offer accepted on the 22nd of October, solicitors instructed the 23rd, all my documents submitted promptly; on the 15th of December my sols told me they were waiting for the leasehold management pack from the sellers solicitors. As of today we are still waiting.

    I chased this with the EA a few days ago and apparently the seller paid the fee for the management pack only on the 9th of January and that was ordered on the 12th. I got very angry as I don't see why we wasted one month waiting and why the seller seems to be so slow in sorting his stuff; the sellers sols even have the face to tell my sols that there had been no delay at all. My frustration is really coming to the point where I am tempted to just go away from this sale with a huge f***-off to everyone involved as I really need this to be sorted before April for tax reasons.
    Originally posted by Astrac
    That is absolutely ridiculous. If I were you I would start looking for another place immediately. Tell the EA that you are back on the market and that once you find somewhere else you are pulling out. There is no good reason for them to drag their heels like that.
    • Astrac
    • By Astrac 5th Feb 18, 3:47 PM
    • 12 Posts
    • 20 Thanks
    Astrac
    That is absolutely ridiculous. If I were you I would start looking for another place immediately. Tell the EA that you are back on the market and that once you find somewhere else you are pulling out. There is no good reason for them to drag their heels like that.
    Originally posted by Vampyr
    Thanks for the answer, I would really like to avoid going back on the market. I did write another email to the EA asking them to clarify with the seller what happened in that wasted month and what intensions they really have in terms of timing. After all I think that it's only fair to ask for some transparency; it's really mental that I'm 3 months in for the purchase of a flat without any chains involved (I'm a first time buyer, the seller lives elsewhere and the flat is vacant) and I am still at the first step of the process :/
    • Cheery Daff
    • By Cheery Daff 5th Feb 18, 3:47 PM
    • 8,180 Posts
    • 40,585 Thanks
    Cheery Daff
    I think the British Red Cross charity shops might even take them away for free if they are working. They sell them on. Google them…they take away lots of electricals.
    Originally posted by Vampyr
    They might have been working (although switched off and full of fetid blood etc - but sadly they're now all on their sides in a field...

    Hey ho. Seller's solicitor replied to say seller confirmed they had been removed from the property (I must have been imagining what I saw and took photos of yesterday then!!) and that we were welcome to ask their estate agent to go and take photos to prove it

    Tempted as I am to drag their useless, annoying estate agent out to tramp about in the mud and cow !!!!, I really don't trust them at this stage to employ someone reputable and would rather just do it myself There's always a risk they'll get the same people back AGAIN and they'll just shove the meat through the cat flap out of spite

    I'll never hear the end of it from Mr Cheery. But right now I'd rather 10 minutes of shifting rotten meat (which at least will be near enough frozen at this time of year) and then a quick phone call to the council than any more tense emailing the solicitor!

    Still no sign of exchange (I did check and this is NOT holding us up - but nobody seems sure what is...).

    Tempted to ring the estate agent as I'm not going to get anything other than 'I'll chase them again' out of the solicitor...
    • liquoricet
    • By liquoricet 5th Feb 18, 5:06 PM
    • 52 Posts
    • 102 Thanks
    liquoricet
    Well, we're definitely not completing weds. Our buyer has not deposited the transfer fee and doesn't have the full monies.

    I've cancelled the removals, my solicitor has informed our vendor -apparently they're not happy as had booked time off etc but so had we.

    Here's hoping for a new completion date next week, as well as proof that our buyer has the money! Oh and that our vendor doesn't just walk away! This is so frustrating.

    There's absolutely nothing i can do. Awaiting a call from vendor's EA shouting at us. Hopefully she'll go straight to buyer's solicitor!

    Phoebe, that sounds even worse, at least we have a house!

    Good luck Vicki! Hope you get an offer soon!

    Astrac, hope things move soon. We're also 15 weeks in.

    Cheery, don't know what to say. I hate fly tippers but in your shoes I'd also want to move. My daughter has been out with the litterpicker this evening as we've a skip and she also hates litter.
    • Cheery Daff
    • By Cheery Daff 5th Feb 18, 5:12 PM
    • 8,180 Posts
    • 40,585 Thanks
    Cheery Daff
    liquoricet So sorry What a fiasco. Why are people getting right to the end of the process without having the money available?! Good grief. Hope you get it sorted soon I do hope your vendor's EA doesn't shout at you - this really isn't your fault and hopefully they'll realise that!

    Well we haven't exchanged today either - VERY glad now that we ended up with 3 weeks between exchange and completion as I would be even more wound up if it was only a few days

    Caved in at half 4 and rang our estate agent to get them to chase down the chain to see what's happening. No response...

    Going to be VERY patient tomorrow and sit on my hands and not chase anyone - but if I haven't heard anything by Wednesday morning all hell will break loose
    • Vampyr
    • By Vampyr 5th Feb 18, 5:24 PM
    • 57 Posts
    • 98 Thanks
    Vampyr
    Still no sign of exchange (I did check and this is NOT holding us up - but nobody seems sure what is...).

    Tempted to ring the estate agent as I'm not going to get anything other than 'I'll chase them again' out of the solicitor...
    Originally posted by Cheery Daff
    A hold up and no-one knows why - that sounds about right! I’m not that surprised tbh…the reason that your buyer didn’t know they had to transfer a deposit didn’t sound particularly plausible to me. I’ve had so many of these crazy explanations from EAs. The hold-up probably is your buyer if his solicitor isn’t responding (that's a classic sign - they are not allowed to say anything so they say stop responding), but the reason could be anything. The whole process is so opaque – makes me want to tear my hair out!
    • Vampyr
    • By Vampyr 5th Feb 18, 5:51 PM
    • 57 Posts
    • 98 Thanks
    Vampyr
    Thanks for the answer, I would really like to avoid going back on the market. /
    Originally posted by Astrac
    I don’t think you necessarily have to, but the estate agent should think you will. They will only do something if their commission is in danger. They should have chased this long ago and told their client to sort it out as soon as the offer was accepted.
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