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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 136
    • FloppyDisk
    • By FloppyDisk 6th Feb 18, 3:28 PM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Nathalie that is awful. They need a TripAdvisor website for solicitors. I have no idea if ours are good or not, latest email is that he will start reviewing the draft contract "shortly" even though hea had it for a week?? Not too long a delay I know but still....

    Mortgage- £417,249
    BTL- £162,915

    • lifeofunmumsy
    • By lifeofunmumsy 6th Feb 18, 3:36 PM
    • 7 Posts
    • 44 Thanks
    lifeofunmumsy
    Natalie, if you hadnt of said the property you were buying was vacant then I genuinely would have said you were in my chain!! We are on week 22, our buyers have sold a flat which is causing all the delays, offered on originally 9th September, was told it was exchanging Friday, then yesterday, now today but still nothing. Beginning to think this will never end!.

    Solicitor at our buyers end is utterly useless and honestly been tempted to do what you’ve done at stages and ring the council myself. The current outstanding issue is apportionments, whatever that is. No exchange today it seems.... sigh!

    Good luck everyone x
    • Aliliva
    • By Aliliva 6th Feb 18, 4:03 PM
    • 142 Posts
    • 392 Thanks
    Aliliva
    Nathalie that is awful. They need a TripAdvisor website for solicitors. I have no idea if ours are good or not, latest email is that he will start reviewing the draft contract "shortly" even though hea had it for a week?? Not too long a delay I know but still....
    Originally posted by FloppyDisk

    Please, someone builds this database for solicitors!
    I've been chasing mine again and apparently my vendors' solicitor is on a ski holiday till the third week of Feb and the assistant can't answer any query. So my solicitor smartly thought of telling them I'll be homeless soon, basically killing any leverage I had for a rebate against the maintenance charges they didn't disclose
    • phoebe1989seb
    • By phoebe1989seb 6th Feb 18, 4:47 PM
    • 3,238 Posts
    • 6,640 Thanks
    phoebe1989seb
    Ooh, that does sound tantalisingly like progress, Cheery Daff.....let's hope the completion monies aren't an issue!

    Janey, I'm not surprised you're feeling stressed - it does seem that good communication goes out the window when buying/selling houses. I'm only glad our buyers, our EA and solicitors have been great. Otoh, the EA marketing the house we're buying have been less than perfect......fingers crossed it all sorts itself out and you can exchange on your preferred date.

    Lifeofunmumsy and Aliliva, again why oh why in this day and age is communication so painful in these circs??? Keeping everything crossed for you too!

    Natalie, that's awful......hope it all works out.....finally!

    Fozziebeartoo, what a PITA - so sorry for you, but as Cheery says, it could all get back on track very quickly, so whilst I know it's easy to say, try not to get too depressed......{{{hugs}}}

    Well, I was very shocked to actually receive the draft contract for our purchase in the mail today! Of course with it being a repo, there are all manner of caveats and get out clauses

    Nonetheless, it has been signed and returned so with a bit of luck we might be exchanging (and hopefully simultaneously completing) next week! So we won't be parted from the pooches for too long, yay!

    Keep the faith everyone x
    Paid off mortgage early - mortgage-free for ten years!

    Over £40,000 mis-sold PPI reclaimed
    • vicki2221
    • By vicki2221 6th Feb 18, 5:08 PM
    • 65 Posts
    • 283 Thanks
    vicki2221
    maybe wait and see if this second buyer puts on a higher offer and then what their survey says. Worst case scenario, if even their survey comes back with a less than positive answer, you might want to consider commissioning your own survey and address whichever issue they find.
    Originally posted by Aliliva
    Thanks for the advice, yes I will do this. If it happens again. Today we got a higher offer in and two more viewings booked for tomorrow. I can't believe how busy it has been with viewings since it went back on. Is was a very different story the end of last year.
    • Nicola83
    • By Nicola83 6th Feb 18, 5:26 PM
    • 47 Posts
    • 31 Thanks
    Nicola83
    So I can finally join this thread!!!
    Our timeline:
    4th January: Reserved new build property
    5th January: Instructed solicitors and began mortgage application with MA
    15th January: full mortgage application submitted
    17th January : received ATP from H2B
    19th January: Valuation carried out
    23rd January: Valuation came back at price we're paying
    30th January: Barclays requested copy of ATP from H2B, sent over same day.
    6th February: received confirmation that we have our mortgage offer!!!

    So we're hoping to exchange this week, all our searches have already come back fine, so solicitor is requesting authority to exchange from H2B hopefully tomorrow so we can exchange this week with a proposed completion date of 23rd Feb!!!
    • phoebe1989seb
    • By phoebe1989seb 6th Feb 18, 5:53 PM
    • 3,238 Posts
    • 6,640 Thanks
    phoebe1989seb
    Thanks for the advice, yes I will do this. If it happens again. Today we got a higher offer in and two more viewings booked for tomorrow. I can't believe how busy it has been with viewings since it went back on. Is was a very different story the end of last year.
    Originally posted by vicki2221
    Great news, Vicki......with any luck all that interest will result in a bidding war Either way, what Aliliva says makes a lot of sense and I think it's what we would have done had our buyers not shared the contents of the structural engineer's report with us/they had pulled out......

    Nicola, welcome to the thread Wow, that's quick! Makes me wonder whether we should have gone for a new build, rather than a 400+ year old ruin, lol!
    Paid off mortgage early - mortgage-free for ten years!

    Over £40,000 mis-sold PPI reclaimed
    • Tiglath
    • By Tiglath 6th Feb 18, 6:27 PM
    • 3,555 Posts
    • 11,584 Thanks
    Tiglath
    No exchange and no idea when it's going to happen. There are now apparently 8 parties in the chain, not 4, and some unknown party upstream still hasn't got the signature from the Residents Association that they need. This is allegedly the only thing holding up exchange. Our buyer's solicitor kicked off because we don't have FENSA certificates for a door and window that the buyer's going to rip out anyway, so to shut him up we've agreed to pay for a £70 indemnity policy. Close to losing patience with the lot of them - I bought beer on the way home. Really don't think we're completing on the 23rd at this rate, and that marks 6 months to the day that our offer was accepted.
    Looking forward to a move to the country!
    • phoebe1989seb
    • By phoebe1989seb 6th Feb 18, 6:41 PM
    • 3,238 Posts
    • 6,640 Thanks
    phoebe1989seb
    Blooming heck, Tiglath, where did those other four parties come from? Don't blame you for losing patience......the FENSA thing tripped us up when we sold the house before last I'm sure this whole indemnity thing is a con! We thought our brand-spanking, hardwood DG sash windows were covered by our building regs for renovation - turned out they weren't and as it was less than 12 months since fitting, we were told the *specialist* indemnity policy would be around £600!!! Fortunately our buyers (who couldn't give a toss as they loved the windows!) and their conveyancer forgot about it till post completion. We still had to get the insurance as it formed part of the contract, but as 12 months had now passed, we got a *cheapo* policy for £130

    Get sloshed Have a beer tonight and hopefully it'll sort itself out tomorrow - after all, you've come this far, the end must be in sight!
    Paid off mortgage early - mortgage-free for ten years!

    Over £40,000 mis-sold PPI reclaimed
    • Tiglath
    • By Tiglath 6th Feb 18, 6:58 PM
    • 3,555 Posts
    • 11,584 Thanks
    Tiglath
    Blooming heck, Tiglath, where did those other four parties come from?
    Originally posted by phoebe1989seb
    I have no idea. DH is the one speaking to estate agents and solicitors and never asks the right questions or relays conversations to me in detail; I can't do the talking because I'm busy at work all day, in and out of meetings. Driving me crazy. The longer the chain, the more chance of someone pulling a loose thread. I'm getting to the point where I don't care.
    Looking forward to a move to the country!
    • Cheery Daff
    • By Cheery Daff 6th Feb 18, 7:26 PM
    • 8,144 Posts
    • 40,220 Thanks
    Cheery Daff
    Crikey Tiglath I can't imagine a chain that long, what a palaver!

    Honestly, it's a surprise anyone ever manages to buy or sell a house

    Tomorrow will be dead on 26 weeks since we had our offer accepted be nice if we could actually exchange...
    • Vampyr
    • By Vampyr 6th Feb 18, 7:44 PM
    • 57 Posts
    • 98 Thanks
    Vampyr
    Nathalie that is awful. They need a TripAdvisor website for solicitors.
    Originally posted by FloppyDisk
    100% agree with this!

    I can't believe how difficult it is to find a good solicitor. Over the course of the last 2 month, I've seen the work of 4 different conveyancing solicitors and they've all been shockingly bad!
    • Cheery Daff
    • By Cheery Daff 6th Feb 18, 9:04 PM
    • 8,144 Posts
    • 40,220 Thanks
    Cheery Daff
    Touch wood, my solicitor has actually been pretty good, and we've had no trouble with buyers' solicitor. Seller's one seems not quite on the ball sometimes but got everything done - bottom of the chain one seems to have never sold a house before!

    Ours was a recommendation, and I'll be recommending him myself as he's actually been ace at communicating all the way through and very sympathetic when various things have gone wrong. That does seem quite rare though!!
    • liquoricet
    • By liquoricet 6th Feb 18, 10:43 PM
    • 50 Posts
    • 102 Thanks
    liquoricet
    Our solicitors has also been great, it is our buyer's solicitors I'm less happy with as they don't seem to realise how inconvenient out
    • liquoricet
    • By liquoricet 6th Feb 18, 10:46 PM
    • 50 Posts
    • 102 Thanks
    liquoricet
    inconvenient it is to change exchange/completion dates when they're close together.
    She also hadn't explained to our buyer what these two things meant.
    • FloppyDisk
    • By FloppyDisk 7th Feb 18, 10:30 AM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Waiting impatiently for valuation results, how long did it take others?

    Mortgage- £417,249
    BTL- £162,915

    • JaneyLouWho
    • By JaneyLouWho 7th Feb 18, 10:59 AM
    • 154 Posts
    • 179 Thanks
    JaneyLouWho
    More chasing of solicitors today, joy. Mine, thankfully, is on the ball and really quick to communicate. The others though dont seem to know what day it is! Hopefully we will hear today that the 16th is possible for completion, otherwise we won't be able to proceed on that date, as my solicitor needs to give notice to the bank to release the funds tomorrow.

    Packed up the spare room yesterday and got told off by Mr LouWho for taking an old broken wobbly bookcase to the tip I am not taking battered things to my shiny new house! Many more tip runs between now and moving day I suspect. Best to keep busy!

    Hope someone else gets good news today - we need a little boost to keep us going!
    • phoebe1989seb
    • By phoebe1989seb 7th Feb 18, 11:49 AM
    • 3,238 Posts
    • 6,640 Thanks
    phoebe1989seb
    Our solicitor has been great too......considering he was on paternity leave for a good chunk of the selling side of the conveyancing process! One or two things he did prior to his leave went beyond the call of duty though, so I can say that - thus far - he has not disappointed.

    For example, he hit the ground running on his return when the very next day we put in our offer on the repo and he has been proactive ever since, although he did have to pass our file to the resident repo expert as he's not experienced in that department

    Monday he told us they were preparing the report and it was with us, complete with draft contract yesterday, so pretty speedy stuff - although I'm guessing that's partly because a) we were only given 14 days to exchange so he knew they'd have to get a wiggle on and b) we have been chasing almost daily, lol!

    Janey, hope you get good news today! Gosh, we were the opposite re: getting rid of stuff - Mr Phoebe would've chucked loads if I'd have let him! We have lots of antique/vintage stuff though, collected over many years and it has considerable value to me - so woe betide him if anything mysteriously disappeared to the tip!!! I did let him have carte blanche in the garage and shed though......I didn't care what happened to his old tools

    Don't blame you though wanting all shiny new stuff for your lovely new home

    FloppyDisk, we didn't get a valuation on the place we're buying, but for our buyers iirc it took just under a week to hear back. Hope you hear soon!
    Paid off mortgage early - mortgage-free for ten years!

    Over £40,000 mis-sold PPI reclaimed
    • milliemil
    • By milliemil 7th Feb 18, 12:40 PM
    • 6 Posts
    • 20 Thanks
    milliemil
    Call from EA!

    Buyers have finally received their mortgage offer!

    But can't exchange this week as the buyers need for other members living in the house to sign an Occupancy Form.

    So maybe next week...

    Only 15 days until the New Build is ready to move into so we may end up doing it all on the same day at this rate!
    • FloppyDisk
    • By FloppyDisk 7th Feb 18, 12:59 PM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Hurrah - some good news posts. Got one mortgage offer just now, so that's the day after valuation. Just waiting for the remortgage of the BTL before I can fully tick the mortgage box.

    Think our solicitor is still waiting for searches to come back, but I will chase him as soon as we are set from the finance side.

    Mortgage- £417,249
    BTL- £162,915

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