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  • FIRST POST
    • happytails
    • By happytails 27th Jul 17, 5:20 PM
    • 1,515Posts
    • 9,225Thanks
    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 166
    • kk235b
    • By kk235b 1st May 18, 3:37 PM
    • 20 Posts
    • 15 Thanks
    kk235b
    I exchanged! Yesterday. For completion on the 10th! Gonna be such a tight weekend as I'm involved in organising a weekend event on the 11th-13th and have 2 people staying with me -- I hope they like playing cardboard box tetris!!

    Super relieved it's over and I can breathe easy that no one can pull out (without major repercussion, at least!), but can't wait til the week of the 14th when it's just me alone in my little house, unpacking my dishes and books and making IKEA trips.

    Also I think I may have accidentally switched the current owner's energy company, oops. I was just trying to get an estimate and then a thing popped up saying thank you for switching. Not a great start.
    • FloProActiv
    • By FloProActiv 2nd May 18, 2:25 PM
    • 14 Posts
    • 9 Thanks
    FloProActiv
    EA emailed to say that our solicitors have told her that they are sending out the contracts today, so hopefully things will start progressing (although I wish our solicitors would actually tell me things rather than hearing about any progress from the EAs...)
    • lena_halo
    • By lena_halo 2nd May 18, 2:46 PM
    • 144 Posts
    • 116 Thanks
    lena_halo
    Our MA just called to say we have been sent out mortgage offer - YAY! So exciting, now it's starting to feel real!

    Although we have had a bit of a mix up with our solicitors, where Countrywide Conveyancing instructed the same lawyer for the purchase that is also working on my sale (good) but also instructed their own team who have done all the searches and been holding the contract pack for a month! Hopefully that is all ironed out now and our actual solicitor is now in possession of the contract pack and the searches so fingers crossed things will start moving now!
    • dunroving
    • By dunroving 2nd May 18, 3:22 PM
    • 1,268 Posts
    • 882 Thanks
    dunroving
    EA emailed to say that our solicitors have told her that they are sending out the contracts today, so hopefully things will start progressing (although I wish our solicitors would actually tell me things rather than hearing about any progress from the EAs...)
    Originally posted by FloProActiv
    The whole line of communication thing seems very variable, but generally dysfunctional. Ideally, it should be solicitors talking directly with each other, and updating their relevant client whenever an important milestone is reached. However, I feel like I am wrapped up in some Faustian labyrinth when it comes to finding anything out.

    Most strangely, if my solicitor (as buyer) gets no response from the seller's solicitor, she tells me, then I tell the seller's EA, who contacts the seller, who tells his solicitor to get a move on!
    (Nearly) dunroving
    • warnerr88
    • By warnerr88 3rd May 18, 2:25 PM
    • 25 Posts
    • 6 Thanks
    warnerr88
    So after getting out mortgage offer today, glad to be able to join this thread

    Our timeline

    15.03 - View house
    16.03 - Make 1st offer for house (Vendor didn't reject but waited for his other viewings)
    20.03 - Make second and final offer - gets accepted
    21.03 - Go into estate agents with proof of ID and deposit so house can be STC
    23.03 - Full Application with L&C mortgages with HSBC
    26.03 - HSBC ask for documents (ID, bank statements, gift letter)
    29.03 - L&C receive all documents and application starts processing
    04.04 - Chase up L&C who say HSBC offer is less then we need as they dispute my partners basic salary (due to way Tesco list her wage slip)
    09.04 - Send additional document confirming her wages from employer and instruct solicitor to do searches.
    10.04 - Mortgage offer subject to valuation
    13.04 - Valuation carried out
    17.04 - Mortgage advisor calls to say valuation went OK should receive offer this week
    19.04 - Mortgage offer finally comes through!

    Now to wait to hear from solicitor.....
    Originally posted by warnerr88
    Searches have all come back, rang up today to chase an update as the last I was told was last week where they waiting for the sellers solicitor to answer some enquiries, was told by her secretary she would call me back as my file was in dictation! What does that mean, is that good news?
    • FloProActiv
    • By FloProActiv 3rd May 18, 5:25 PM
    • 14 Posts
    • 9 Thanks
    FloProActiv
    So after insisting that all information needs to be sent out in one pack, our solicitors don't even have the descency to sent it out first class - pack was sent yesterday, but nothing has arrived.

    Trying to decide whether to send a stroppy email or whether that would make things worse.

    Would not recommend Blacks Direct
    • steph2901
    • By steph2901 3rd May 18, 8:00 PM
    • 309 Posts
    • 204 Thanks
    steph2901
    We are still waiting for seller's solicitors to reply to queries, been waiting nearly three weeks! Told our solicitors we want to exchange next Friday and complete 18th to try and hurry things along.
    • LucyR_
    • By LucyR_ 4th May 18, 11:47 AM
    • 11 Posts
    • 15 Thanks
    LucyR_
    WE HAVE COMPLETED! What a relief!
    The final timeline:
    31st Jan: partner went to see flat at lunchtime. We!!!8217;d seen one almost identical around the corner at the weekend, but asking for £25k more and with a chain. This one had been rented but now vacant and vendors want to sell quickly due to divorce. Partner happy with flat, so I tell him to make an offer (madness!)
    31st Jan: Initial offer rejected but estate agent told us to add £5k and it would be ours due to our favourable position and ability to proceed fairly quickly.
    1st Feb: one vendor accepts new offer. Second vendor being slow - squeaky bum time and wanted it off the market before a number of viewings on the Sat - estate agent suspected this would lead to bidding war.
    2nd Feb: second vendor agrees to offer, phew!
    3rd Feb: I finally go and see the property with partner. Thankfully, I agree with his opinions. It needs some tidying up and eventually a new boiler, bathroom and kitchen but nothing we can!!!8217;t live with for time being, plus it!!!8217;s a bargain so we!!!8217;ll be able to afford these things!
    5th Feb: instruct solicitors
    10th Feb: seek further mortgage advice due to deck access on property above ours - decide to apply via broker rather than direct to Nationwide.
    12th Feb: submit mortgage application.
    13th Feb: documents requested and sent. Frantic running around to get parents to sign gift letters.
    14th Feb: valuation booked for 16th. Docs taken to solicitors.
    15th Feb: mortgage approved subject to valuation.
    16th Feb: mortgage offer received.
    21st Feb: survey conducted. Surveyor called us in the evening to say generally all fine, a few things to double check but otherwise lots of covering their bums. Solicitor received this the following week and started searches.
    ... and then we wait for the vendors to provide our solicitor with the Leasehold Information pack and to complete the info form, which took AGES!

    10th March: parents came to visit. Took them round to have a look at flat, as wanted Dad to look at electrics and some other things. Had a massive panic that we!!!8217;d taken on a bit more of a project than we anticipated but it!!!8217;s definitely habitable - needs a good clean when we move in though and lots of niggly things that we can sort eventually.
    12th March: solicitor finally receives the docs above. You!!!8217;d think the vendors would speed it up seeing as they want a quick sale. But nope the leasehold pack didn!!!8217;t come for another week.
    23rd March: solicitor raises enquiries, all kinds of unnerving things I!!!8217;m hoping will be fine.
    6th April: We receive the pack of all of the info, searches and responses to enquiries.
    21st April: We go to the flat for a third viewing to check the appliances coming with the property are working, and to measure up for bathroom, windows etc.
    23rd April: Confirm to Solicitor that we're happy to proceed with exchange on 27th April. Rush to Nationwide at lunchtime to set up CHAPS payment for deposit and scrabble around to get Help to Buy ISA closing statements from Nationwide, who managed to give us the wrong thing three separate times!
    27th April: EXCHANGE
    2nd May: receive final financial statement from Solicitor and transfer remaining funds. This time I did it via online banking and was paranoid I'd get it wrong!
    4th May: COMPLETION! Picking up the keys later, then it's DIY mania for 5 weeks before we move in!
    • TamsinC
    • By TamsinC 4th May 18, 11:59 AM
    • 365 Posts
    • 363 Thanks
    TamsinC
    we have completed! What a relief!
    Originally posted by lucyr_
    yay
    Last edited by TamsinC; 04-05-2018 at 12:32 PM.
    • Tootling
    • By Tootling 4th May 18, 12:20 PM
    • 35 Posts
    • 28 Thanks
    Tootling
    We finally exchanged... And completing on the 9th! But not moving till the 15th... Boooooo!

    Finally. Got to a point where i thought it would never happen. After a lot of faffing for weeks they send to have solved the issue within a week. Why didn't they just do that before? Heck knows what was really going on.
    • dunroving
    • By dunroving 4th May 18, 12:25 PM
    • 1,268 Posts
    • 882 Thanks
    dunroving
    We finally exchanged... And completing on the 9th! But not moving till the 15th... Boooooo!

    Finally. Got to a point where i thought it would never happen. After a lot of faffing for weeks they send to have solved the issue within a week. Why didn't they just do that before? Heck knows what was really going on.
    Originally posted by Tootling
    I think it's in the perverse belief that this underlines how indispensable (and powerful) they are.
    (Nearly) dunroving
    • GBR78
    • By GBR78 4th May 18, 12:42 PM
    • 59 Posts
    • 47 Thanks
    GBR78
    Moving forward a bit better now (updates in bold);

    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!
    17/04 - Buyers receive valuation survey OK
    18/04 - Buyers get mortgage offer
    20/04 - Our solicitor confirms that he has received enquiries

    bit of a pause now as our solicitor sits on the enquiries thinking we need to exchange of our purchase at the same time, but we don't. Cue quick kick up the 'arris!

    27/04 - MA confirms Nationwide AIP for us and submits full app saying "just a paperwork exercise now"
    02/05 - Solicitor finally acknowleges mistake and starts to respond to buyer enquiries
    03/05 - SOlicitor passes us remaining enquiries to respond to. Immediately returned by email
    03/05 - Valuation carried out on onward purchase
    04/05 - Contract and title deed document received, signed and returned by hand, buyer negotiates additional items

    Hoping now for an exchange early next week ready for completion at the end of the week....
    • betsie
    • By betsie 4th May 18, 1:36 PM
    • 424 Posts
    • 418 Thanks
    betsie
    I was hoping we might exchange next week but person st the start isnít getting their searches back till the 11th. God bows why they applied for them so late we have been in this chain since 1st March.
    Canít see anything happening now till the end of the following week at best.
    Feeling very deflated and have acquired a nice array of spots on my face to add to my doom & gloom.
    • lena_halo
    • By lena_halo 4th May 18, 1:43 PM
    • 144 Posts
    • 116 Thanks
    lena_halo
    Well after all of the palavar with the mix up of our solicitors and who was dealing with what, I believe we are all straightened out and both sale and purchase seem to be progressing

    On the sale, the solicitor has the lease management pack as of yesterday and I believe they are working with the buyer's solicitor on enquiries etc. On the purchase, we have seen the first set of responses to enquiries returned and the list of additional enquiries made, which is quite short so hopeful this will be sorted soon.

    We are buying our house from the part exchange company dealing with the onward purchase of our seller's new build. I don't believe they have exchanged on the new build yet, so we will likely all be ready to go and just waiting on them, as new builds are always delayed. We will see! I emailed our solicitor today to see if a tentative completion date has been mentioned yet or even if they have mentioned when the new build might be ready...

    The waiting continues...
    • kylej64
    • By kylej64 6th May 18, 9:32 AM
    • 13 Posts
    • 17 Thanks
    kylej64
    Hi, Iím not buying just selling for now (I really donít want to be in the middle of a chain). Once I have sold I will start the whole process off again but from the other side.

    14/04 Home listed on Rightmove.

    20/04 Asking price offer received and accepted. (thanks to this forum and all the people who post on it for all the tips and information about staging and listing at a realistic price)

    30/04 All paperwork hand delivered to solicitor, solicitor was instructed when flat went on the market (took a week as I couldnít find my copy of the lease initially)

    At this point everything looked like this would be straight forward.

    02/05 Letter pushed under the buildings front door, addressed to my flat. Essentially stating estate agent didnít put their offer through (they viewed on the day I accepted the offer), they will be cash buyers from the proceeds of their house sale in 5 weeks. Offering 20% over the asking price. They said my home was still being advertised for sale.

    It is STC and was by the time I thought to check on 21/04 but still on Rightmove (nothing unusual about that). I was in when this note was delivered but they never buzzed the intercom. 20% is a lot. Two sayings sprang to mind:
    Never look a gift horse in the mouth
    If it looks too good to be true it probably is

    03/05 I donít like the whole concept of gazumping but wanted clarification on what is going on so went and spoke to the EA. They told me that they are buy to let investors, the letter writers were told an asking price offer had been submitted and they never made an offer. EA said theyíd call them and I havenít heard since.

    Iím planning to chase this up on Tuesday 08/05. Not sure if I will contact the people who posted the letter directly or not. I intend proceed with the already accepted offer, I just want to know what is going on and I doubt the letter is genuine.
    • FloProActiv
    • By FloProActiv 8th May 18, 1:25 PM
    • 14 Posts
    • 9 Thanks
    FloProActiv
    I'm finding this whole process very confusing.

    Received the property pack on Friday. Letter said to sign and return the slip at the bottom to confirm we'd read it. There was one page of the contract, but it only had the special conditions of sale on it. So signed the letter, posted it back, and emailed to ask when we'd get the contract.

    Got an email back this morning to say that the contract was in the pack, and that standard conditions of sale aren't provided as standard.

    Am I the one being stupid here?
    • TamsinC
    • By TamsinC 8th May 18, 2:09 PM
    • 365 Posts
    • 363 Thanks
    TamsinC
    saw another house - gorgeous garden, nice house but a very Heath Robinson construction around drains, waste water, vents for something etc. Why is it so hard?
    • lena_halo
    • By lena_halo 8th May 18, 8:50 PM
    • 144 Posts
    • 116 Thanks
    lena_halo
    Still not received mortgage documents although our broker says the offer was issued last week. Really want to see it in writing now!

    We requested to go and view our new house again soon to take some measurements etc and the EA told us the vendor said the house is covered in boxes at the moment as they are due to exchange with Taylor Wimpey this week! So although we might not get to see the new house this week, it!!!8217;s good news that the vendor is going to hopefully complete soon on her part exchange, which means hopefully Taylor Wimpey will be keen to get us to exchange ASAP so they get their money back - yay!
    • lena_halo
    • By lena_halo 8th May 18, 9:40 PM
    • 144 Posts
    • 116 Thanks
    lena_halo
    @Tamsin
    It is tough! But brave it out and we will all get there. I know you!!!8217;ve had a rough time of it but the ONE is out there somewhere
    • PThome
    • By PThome 9th May 18, 9:36 AM
    • 41 Posts
    • 65 Thanks
    PThome
    Hi, just a quick update! After many months trying to move house (since August 2017), a sell that fell through, a lot of paperwork issues with the new build we are trying to buy, it may be finally happening today!!!!! Our solicitor just asked us to confirm that we are happy to exchange and we are going to try today with a completion date of 17th May
    Fingers crossed! Hopefully in one week we will be in our new home <3
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