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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 160
    • deuxchatsnoirs
    • By deuxchatsnoirs 10th Apr 18, 12:57 PM
    • 1 Posts
    • 0 Thanks
    deuxchatsnoirs
    Joining in on the stress! FTB, hating every minute of this process so far. I'm not a fan of waiting OR stress so this whole thing is torture for me!

    Timeline so far:

    16/03: Offer accepted on house
    16/03: Mortgage application submitted
    20/03: Tesco Bank request more paperwork due to fixed term contract of employment
    22/03: AIP
    26/03: Solicitor instructed
    29/03: Solicitor rejected from Tesco panel - withdraw services
    05/04: Survey carried out
    06/04: Instruct new panel-approved solicitor
    09/04: Receive survey - enquire with EA regarding building regs approval for work done to house.

    Which leads us to today...over 3 weeks in and not even an official mortgage offer back yet

    Does anybody have experience with gaining retrospective building regs approval? Does it delay the process much?

    So glad I am not alone in the horrible process of constant worry...
    • marlasinger
    • By marlasinger 10th Apr 18, 1:01 PM
    • 465 Posts
    • 373 Thanks
    marlasinger
    No update from me except getting more stressed and worred as time passes. I caved in and have emailed our solicitor, just to confirm there has been no response. I might try phoning the estate agent next.
    marlasinger

    • treeny_bash
    • By treeny_bash 10th Apr 18, 4:38 PM
    • 160 Posts
    • 1,036 Thanks
    treeny_bash
    Hi everyone


    Lots of new names since the last time I was here, hoping that's a good sign that there's been plenty of graduates. We've been quite hasty in offering on a house that we've viewed once, the day after we saw it. After all the back and forth on the last one and ultimately backing out when things got messy because of doubts on all sides, and doing second viewings on 4 more properties with massive pro and cons lists on all sides, this feels quite terrifying. But we both came out of the viewing with a good feeling. It needs quite a bit of updating, it's 35k more than the last property (but 55k less than another property OH was keen on) and it's got one less bedroom, but strangely is bigger and better suited to our needs. I'm quite scared that there may be structural issues, it could need rewiring and it probably needs a new boiler. But we'll see how it goes. Here's the timeline:
    03/01 Offer accepted on House 1
    04/01 AIP agreed with Yorkshire - valid for 30 days
    08/01 Instructed solicitors to act on our behalf
    10/01 Provided EA with proof of deposit, AIP and ID
    12/01 Received pack from solicitors
    15/01 Paid fee for Searches
    18/01 Applied for full mortgage with YBS
    26/01 Phone call and email from YBS detailing information required to proceed with application
    26/01 - GOT ENGAGED (not relevant at all, but completely distracting me from the fact we're supposed to be doing house stuff)
    31/01 - Survey conducted
    05/02 - Searches returned
    19/02 - Mortgage offer confirmed
    21/02 - Paper version of offer received
    22/02 - 1st set of enquiries, vendors survey, etc received from Solicitors. Half of items missing or incorrect. Survey filled out badly with lots of mistakes - eg Vendor says there's no water meter, and property isn't connected to mains sewerage, despite the survey confirming the location of the water meter and confirming that there's mains sewerage. Solicitor confirms she is waiting for responses on missing docs and inconsistent answers
    08/03 - Email from solicitors advising that the missing enquiries have been answered, there's no consent from the covenant holder for the extension added. We can either get indemnity insurance, but this only covers financial loss, or ask for retrospective consent, but there may not be time because if we don't complete by 21st March the vendor is pulling out
    09/03 - Covenant owner hypothetically tells us that consent will cost £100 and would be done by return post. But there may also be an issue as the property was leasehold at the time the extension was built. Tell solicitor that we are not going to buy the house if consent is not obtained. Go to look at a house that's come on the market since we last looked (House 2)
    12/03 - Officially withdraw from House 1. Solicitor tells EA, who ring us to confirm. We're done with this one now.
    23/03 - offer on house 2 (after a second viewing with both sets of parents, OH getting quite stroppy about covenant consent for extensions and OHs parents being quite harsh about the property)
    26/03 - Vendors of house 2 decide not to sell.
    05/04 - View house 3 - dated and potentially needs work, but a nice space and a nice feel
    06/04 - Offer on house 3. After a bit of back and forth, with us starting at 30k under asking and them really wanting 5k over asking, we end at 5k under.
    07/04 - Sign paperwork at EA, contact YBS who reconfirm the amount they are prepared to lend (since the property is more than our mortgage offer and our AIP is expired)
    • kk235b
    • By kk235b 11th Apr 18, 8:19 AM
    • 20 Posts
    • 14 Thanks
    kk235b
    Joining in on the stress! FTB, hating every minute of this process so far. I'm not a fan of waiting OR stress so this whole thing is torture for me!
    Originally posted by deuxchatsnoirs
    Saaaaaame. I think I was technically ready to start this process several months before i was emotionally ready (I am still not emotionally ready). I hate stress, any time I open a new email and it's a new curve ball I get so . And absolutely don't have the patience for weeks on end of no updates. Emailed my EA and solicitor again yesterday knowing it was pointless as there wouldn't be any new developments yet but I just wanted to be doing *something* proactive. I can't wait for this to be over and just be in my new house.
    • tudorfan22
    • By tudorfan22 11th Apr 18, 1:04 PM
    • 428 Posts
    • 1,523 Thanks
    tudorfan22
    so, our buyer had a viewing on Saturday and her builder has come back with a list of £25k worth of work to be done on our house! argh! and now no one can get hold of her to ask what she wants to do? so she could want to pull out or ask for a reduction but we don't know cos the EA cant get hold of her!


    the annoying thing is, her builder is saying we need a new roof and new boiler - but why? they work fine! sure theyre old and you might WANT a new roof and new boiler but im not paying for her future maintenance, that's my thought. does she think ive been living in squalor for the past few months, in a cold, damp and leaking house!?! its so awful that I found out about this 3 hours ago and not heard back from anyone - how is a person meant to stay sane when you can get a call that effectively says 'your hopes and dreams may come crashing down, but ill update you tomorrow....maybe...?'

    what can I do except wait, then if she doesn't pull out ask to see the survey and builder report etc and then either meet her in the middle, tell her to go swing or offer to fix the faults if theyre cheap. im not putting a new roof on if the old one is watertight!


    any advice, sympathy, hard drugs would be appreciated right now! someone ive got to go to a meeting this afternoon and try not to act like an unhinged lunatic!
    Last edited by tudorfan22; 11-04-2018 at 1:07 PM.
    )

    • Asl77c
    • By Asl77c 11th Apr 18, 2:54 PM
    • 71 Posts
    • 50 Thanks
    Asl77c
    Tudorfan - I wouldnít listen to their builder for a quote on your house as gospel. Get your own in to quote like for like. Equally does the survey say these things are needed? Weíve exchanged on our house and it was said it needed a new roof. Got a builder round who said it would need on at some point, on paper it could do with being done as it could become a Problem suddenly, however, we are realists. The house is 50 years old of course stuff is old and may do with replacing but that is upto us to do not for the seller to subsidise because we want their house. We didnít ask for any reductions in price or anything. We want to do an extension in future, I donít think itís the sellers place to pay for that either. If its in good condition for you now it is their choice to get the things done and as such they pay, and this is coming from a buyer not a seller.
    • tudorfan22
    • By tudorfan22 11th Apr 18, 3:52 PM
    • 428 Posts
    • 1,523 Thanks
    tudorfan22
    thanks Asl77c - I just feel like they've got me over a barrel, I spose everyone does in this situation. and its so infuriating that the EA cant get hold of her - is she looking at other houses as we speak, having typed that I realise how rude she would be to look at other houses without notifying us first or even trying a sneaky reduction! so Im hoping im wrong there.
    thing is the boiler work, the roof works. they are both old, but they work. who buys a new roof if they don't need one? someone with more money than me a guess! if only someone could make contact with her to try and set out that we would want to a) see the survey and builders report and b) then get our own builder round to quote for repairs rather than brand new everything. heck if you want a house where everything is brand new, then you buy a brand new house and pay the premium for it!
    nightmare!
    )

    • pink_pirlie
    • By pink_pirlie 11th Apr 18, 4:11 PM
    • 160 Posts
    • 102 Thanks
    pink_pirlie
    Tudorfan- The question is whether the property is priced for the age and condition of the roof and boiler.
    I!!!8217;m assuming this is the case.
    Usually a price reduction is negotiated for things unexpected and which aren!!!8217;t already reflected in the house.
    Hope you get a resolution quickly so you know where you stand and this person let!!!8217;s you know where they are at, then you can make your decisions accordingly.
    • Beetlejuice01
    • By Beetlejuice01 11th Apr 18, 6:30 PM
    • 5 Posts
    • 6 Thanks
    Beetlejuice01
    Hello everybody!
    I thought I would post my time line after being glued to this thread for a couple of weeks!

    I'm a FTB, tried buying a property about 6 months ago but was declined at mortgage stage due to defaults on husbands credit history which we did not know about. Was told to wait about 18 months by broker.

    Feb found somewhere on rightmove which we knew we would love so thought what have we got to lose (just more crushing disappointment if it doesn't happen!)

    09/3 Contacted specialist broker who got us AIP after seeing our credit reports. He sent all mortgage application documents for us to complete
    10/3 Viewed house and put offer in while we were there
    Offer negotiated and accepted
    12/3 Submitted full mortgage application and instructed solicitor
    20/3 Valuation survey
    21/3 Formal mortgage offer. Paid £300 for searches
    5/4 Searches ordered
    9/4 Some enquiries raised from contract papers

    I know its early days but I already can't stand the waiting!
    Good luck to those exchanging / completing soon
    • T90FER
    • By T90FER 11th Apr 18, 8:40 PM
    • 7 Posts
    • 7 Thanks
    T90FER
    After vendors of our purchase signed today was hoping to exchange - to receive a email stating our buyers are not ready due to spelling mistake on names on mortgage offer.
    The wait continues
    • x_malibubabe
    • By x_malibubabe 13th Apr 18, 7:51 AM
    • 22 Posts
    • 9 Thanks
    x_malibubabe
    Solicitor just waiting for signed contracts back and then we can exchange! She's hoping to complete by Friday. Fingers crossed! Put the offer in on 30th December, no chain (FTB and vacant property!).
    Originally posted by x_malibubabe
    We've completed!!

    Still hadn't heard from solicitor so I sent her an email at 12:30, literally got a phone call at 12:32 from her thinking she was just confirming that no she still didn't have the contracts back, but no it was a 'get the money to me by 3:30 and we can complete today!' (she hadn't even read my email) - by 4:30 I had the keys in my hand!

    Now to spend the next two weeks painting, decorating, carpeting and putting in a new kitchen before we can move in

    I hope that everyone still here exchanges soon!
    • pink_pirlie
    • By pink_pirlie 13th Apr 18, 8:07 AM
    • 160 Posts
    • 102 Thanks
    pink_pirlie
    Congrats Malibu :-)
    Super stoked for you. Hope you enjoy the decorating and new kitchen and you will have a lovely home in a few weeks time.





    We are all of a sudden being pressured by our supe slow vendor to exchange and complete next week.
    Monday is was ďno idea whenĒ now itís ďthe latest they will complete is next FridayĒ.
    They pushed us so close to our 1 year LISA anniversary that we deposited the full monies in so now we need to wait for the funds to be released before we can exchange.

    1 year anniversary is next week and they told us yesterday - out of the blue - thatís when they want to complete. It will take time to draw the money down now and we just canít meet this deadline with so little notice.

    I seems they feel like they can snap their fingers and we will jump when all along we have been so patient and havenít kicked up a fuss about the delay that they have caused and their complete lack of communication. I asked for them to give us an indication of when they wanted to complete ahead of putting in the LISA deposit and they point blank refused. So on 5th April we deposited the money as we still had no idea.

    Iím really frustrated with them. My solicitor says they are being unreasonable. Iím dreading my phone ringing today as I feel so emotional and stressed and fear I will break down.
    • paddyandstumpy
    • By paddyandstumpy 13th Apr 18, 8:30 AM
    • 1,033 Posts
    • 509 Thanks
    paddyandstumpy
    My turn to vent...

    Timeline;
    Offer accepted 19/02
    Mortgage application in 20/2
    Valuation survey 21/02 (we got lucky with a cancellation)
    Mortgage offer 06/03
    Solicitor had funds for searches 15/03
    13/04 seems we are no further along, solicitor has gone on maternity 'unexpectedly' and so far her boss had done some work, now we're on the second locum solicitor.

    Vendor/EA were keen to complete by end April, it was looking good Mid-March, not so much now!

    We're FTB, moving from rented, and the vendors are moving into an unoccupied property so a short chain!

    Will be ranting at the solicitor today, even just writing it down shows to me how bad they've been!
    • vicki2221
    • By vicki2221 13th Apr 18, 11:08 AM
    • 62 Posts
    • 278 Thanks
    vicki2221
    OMG we've just exchanged!!!!!!!!!!!!! 7 months after putting our house on the market and 4 months after accepting our offer. I had actually given up hope of it ever happening and then a few minutes ago just got a casual email from the solicitor informing us it has all been done. We move on the 26th! I can't believe it.
    Save £12k in 2018 #130 - £1200/£7,000
    • GBR78
    • By GBR78 13th Apr 18, 11:43 AM
    • 54 Posts
    • 47 Thanks
    GBR78
    Couple of updates below;

    27/03 - offer accepted on current house
    28/03 - solicitor given the go ahead for sale (purchase not considered at this stage as plan was to move into rental for a few months)
    30/03 - Offer accepted on new build purchase
    01/04 - Mortgage application started
    10/04 - Solictor letter arrives with TA6 forms etc (unfortunately I was out of the country so couldn't fully complete until 12/04)
    13/04 - Solictor forms/TA6/property information all submitted to solicitor
    13/04 - Buyers survey completed. Nice chap, see's no reason to worry about not moving out - lets hope he's right!

    Still no news on mortgage application for our onward purchase, but not stressed about that as we still have a few weeks before exchange on that. Completion on our sale (now only 4 weeks remaining to meet request) is the worry...
    • tudorfan22
    • By tudorfan22 13th Apr 18, 1:39 PM
    • 428 Posts
    • 1,523 Thanks
    tudorfan22
    Advice please! Following on from my post a few post ago that our buyers builder has quoted £25k of work. The buyer has disclosed 2 pages of the survey but not the builders report. I think this may have even been verbal. So the survey is the usual blurb about making sure the roof, boiler, electrics, rendering, insulation is checked by a professional - surely this is the usual stuff!! Just a surveyor covering his own behind?!
    So she has done as instructed and got a builder in, who has basically do a 'to-do' list on our house, as if money were no object, the kind of thing we'd all like to do if we could afford it. But I think she thinks this is all urgent, horrible, nasty stuff lurking in the house.
    Ive written the EA a very nice email saying that everything is fine, except a few niggles such as 2 blown glazing panels, a room missing a radiator and a brick off the chimney and offered to reduce by £5,000 just to make this horrible business go away and for us to continue!
    The EA is on leave today so I have a nail biting weekend of wondering if I played it right, im trying to read her mind and see if £5k is enough for her to go, DEAL!
    What are peoples thoughts here? I so desperately want to continue, were really close and have all local searches done, its just a case of getting the council bits and bobs for the extension and the conservatory and then were done!
    )

    • kk235b
    • By kk235b 13th Apr 18, 3:54 PM
    • 20 Posts
    • 14 Thanks
    kk235b
    Tudor fan, I'm not sure if it's necessarily *good* advice and I'm sure there are more careful, methodical, detail oriented people on here who may well counter it, but, I have a similar attitude to you (and I am a buyer). I do think that surveyors have to recommend that you get EVERYTHING checked to cover their own arses. My report seems very scary and covered in red writing but when I broke it down it was just stuff like "get the boiler serviced as I'm not sure this has been done this year".
    And a lot of stuff that I can take my time getting fixed like warped doors, a rusty outdoor fence, etc.
    He also said that I was paying way above the value price, but it's Bristol and it's impossible to get anything for my budget so I couldn't really take that too seriously.

    Basically I would say unless there's mould, asbestos, structural damage or something that you definitely couldn't either live with or get fixed, and can therefore see why a buyer might be put off, then...it's...probably fine?!
    • kk235b
    • By kk235b 13th Apr 18, 4:01 PM
    • 20 Posts
    • 14 Thanks
    kk235b
    I got an update from my vendor via the estate agents -- she says she has all her searches back on her related purchase and hoping to get responses to the enquiries by next week, and her mortgage is approved and the contracts are ready to sign and she wanted him to reassure me that we're on track for exchange at the end of the month.

    On the other hand, my solicitor is having no luck getting any info from the seller's solicitor, so I have nothing from anyone legal, just platitudes from the vendor who obviously wants to keep me interested.

    I'm trying to not let myself get hopeful that it'll happen in 2 weeks, but I'm already planning in my head where I'm going to put all my plants.
    • TamsinC
    • By TamsinC 13th Apr 18, 9:20 PM
    • 203 Posts
    • 181 Thanks
    TamsinC
    Two more weeks in and no movement - considering we are at the end you would imagine we would be getting there. I feel the Deed of Easement is probably holding us up. Big sigh!

    Time Scale so far . . . updates in bold
    Tenants asked us if they could leave house - 26/12/17
    Estate agents instructed - 31/12/17 (then a bit of bother)
    House on market - 10/1/18
    DIP from Nationwide 13/1/18
    Offer received and accepted on our house 17/1/18
    Offer made and accepted on the house we want 20/1/18
    Solicitors Instructed 17/01/18
    Documents picked up and filled in from Solicitor 17/1/18
    Documents and ID returned to Solicitor 19/1/18
    Solicitor composes draft contract & starts local searches - for selling 22/1/17 - for buying ?
    Mortgage application interview - 1/2/18 - 3 and 1/2 hours of going over and over the same stuff - still not finished - they are struggling with the fact that hubby will leave the forces in Dec and go onto a service pension - we can't say what his job or wages will be at that point and so are basing the mortgage application purely on his pension. They can't cope with that and the fact that deductions from his wages NOW won't be applicable in Dec. Head office and underwriters need to be contacted. This is making a compacted issue out of something that is not complicated.
    2nd Mortgage application interview - 8/1/18 - ANOTHER 2 hours going over the same information - they still don't get it but the application is going through.
    Basic surveys done for our purchase - 12/2/18 - nothing untoward found
    various letters and emails from our solicitors - they do seem to be on the ball though I am in contact a leasers twice a week to keep things moving forward.
    Valuation survey for mortgage - 14/2/18
    Chasing mortgage offer - 21/2/18
    Mortgage people see and approve valuation 23/2/18
    Building survey - 23/2/18 - awaiting report
    Emailed mortgage approval - 26/2/18
    Exchanged on the house we are selling 27/2/18
    Completion on house sale 2/3/18
    Chasing building survey on house we are buying 6/3/18
    Received survey 7/3/18
    negotiated a £10K discount
    rang to sort mortgage documents with lower price 10/3/18
    solicitor emails to say old document sent 13/3/18
    rang again and it will be another 1 - 2 weeks! 13/3/18
    email to say new mortgage offer on it's way - not the 1-2 weeks they said 16/3/18
    vendor emails to say solicitor needs to do Deed of Easement still- thought this was sorted weeks ago 19/3/18
    Deed of Easement quickly done and sent to vendor, owner of the land the Easement is for 20/3/18
    Signed contracts and kids signed stuff to do with the mortgage 3/4/18
    And now a big fat nothing.
    Last edited by TamsinC; 13-04-2018 at 9:39 PM.
    • TamsinC
    • By TamsinC 13th Apr 18, 9:28 PM
    • 203 Posts
    • 181 Thanks
    TamsinC
    Advice please! Following on from my post a few post ago that our buyers builder has quoted £25k of work. The buyer has disclosed 2 pages of the survey but not the builders report. I think this may have even been verbal. So the survey is the usual blurb about making sure the roof, boiler, electrics, rendering, insulation is checked by a professional - surely this is the usual stuff!! Just a surveyor covering his own behind?!
    So she has done as instructed and got a builder in, who has basically do a 'to-do' list on our house, as if money were no object, the kind of thing we'd all like to do if we could afford it. But I think she thinks this is all urgent, horrible, nasty stuff lurking in the house.
    Ive written the EA a very nice email saying that everything is fine, except a few niggles such as 2 blown glazing panels, a room missing a radiator and a brick off the chimney and offered to reduce by £5,000 just to make this horrible business go away and for us to continue!
    The EA is on leave today so I have a nail biting weekend of wondering if I played it right, im trying to read her mind and see if £5k is enough for her to go, DEAL!
    What are peoples thoughts here? I so desperately want to continue, were really close and have all local searches done, its just a case of getting the council bits and bobs for the extension and the conservatory and then were done!
    Originally posted by tudorfan22
    Stick to your guns - her wish list is not for you to fund. £5K is generous.
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