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  • FIRST POST
    • happytails
    • By happytails 27th Jul 17, 5:20 PM
    • 1,527Posts
    • 9,228Thanks
    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 168
    • lena_halo
    • By lena_halo 12th May 18, 4:31 PM
    • 152 Posts
    • 119 Thanks
    lena_halo
    Solicitors have our mortgage offer and have sent us the mortgage deed to sign. Can!!!8217;t wait to see the document on Monday, so exciting We are at second enquiries with the purchase and enquiries with the sale so hopefully won!!!8217;t be too much longer until exchange *crosses fingers*
    • PThome
    • By PThome 13th May 18, 8:05 AM
    • 41 Posts
    • 65 Thanks
    PThome
    We finally exchanged and completion on the 17th May! Now is countdown time and speedy packing
    Still stressed about moving out and moving in in the same day, but everyone does it, so should be fine

    Good luck everyone!
    • lena_halo
    • By lena_halo 13th May 18, 9:25 AM
    • 152 Posts
    • 119 Thanks
    lena_halo
    Congrats PT! I!!!8217;m also nervous about moving in and out on the same day but I!!!8217;m currently getting a couple of quotes from moving companies so that it is a stress free as possible.

    Best of luck to you!!
    • steph2901
    • By steph2901 13th May 18, 8:49 PM
    • 314 Posts
    • 205 Thanks
    steph2901
    We are due to complete on 18th May, so excited and have been looking at carpets and paint We'll have a couple of weeks to move in as currently renting, so will be nice to get the new place ready in that time.

    Hope things are going well for everyone else!
    • warnerr88
    • By warnerr88 14th May 18, 4:29 PM
    • 29 Posts
    • 6 Thanks
    warnerr88
    So got a meeting with the solicitor on Wednesday morning to view and sign documents and also I guess to agree exchange and completion date. Closed my Help to Buy ISA today with Santander so I am hoping that bit goes smoothly also, said it should be closed by the end of today and money transferred to my current account..looking on my app still shows my help to buy ISA. How long does it take?
    • SG27
    • By SG27 15th May 18, 7:31 AM
    • 2,538 Posts
    • 1,786 Thanks
    SG27
    Hello!

    We accepted an offer on our house 3 weeks ago. The buyers mortgage survey was done 2 weeks ago. Our solicitor sent our draft contract pack the day after sales memos were recieved so they should have had that for 2 weeks now. Heard nothing since. I assume they are waiting their mortgage approval? Anyone know if we will find out when their mortgage is approved? Is our solicitor informed?

    One good piece of news the buyers are coming back to measure up this week so maybe that means they have their offer??

    Timeline
    28/4 offer accepted
    03/5 draft contract pack sent from our solicitor
    03/5 valuation
    • CHlHlRO
    • By CHlHlRO 16th May 18, 11:02 AM
    • 95 Posts
    • 60 Thanks
    CHlHlRO
    Aaaaaaaaargh!!! Top of chain said they were ready, NOW they’ve said they’re waiting on a mortgage offer!

    • warnerr88
    • By warnerr88 16th May 18, 3:15 PM
    • 29 Posts
    • 6 Thanks
    warnerr88
    Went into solicitors dis morning and signed some documents, aiming for completion 25th May! Just waiting on HTB Isa's closing statements to come through so she can claim the bonus, mine came this morning just waiting for my partners. Fingers crossed should have then 2 weeks to move everything in.
    • steph2901
    • By steph2901 16th May 18, 7:41 PM
    • 314 Posts
    • 205 Thanks
    steph2901
    We finally exchanged yesterday and are completing on Friday
    • Chrizzy_81
    • By Chrizzy_81 16th May 18, 8:01 PM
    • 1 Posts
    • 0 Thanks
    Chrizzy_81
    Hi all,

    I had my offer accepted 15th March and still have not exchanged! Apparently the seller 'forgot' he bought his house on help to buy! He has had the survey done for the help to buy people and had that sent to them today, but doesn't anyone know how long I can expect that to be resolved so we can exchange and set the completion date? Myself and my wife are so stressed about this it isn't even funny, as our lease is up in four weeks time.

    Many thanks
    • SG27
    • By SG27 18th May 18, 7:42 AM
    • 2,538 Posts
    • 1,786 Thanks
    SG27
    Hello!

    We accepted an offer on our house 3 weeks ago. The buyers mortgage survey was done 2 weeks ago. Our solicitor sent our draft contract pack the day after sales memos were recieved so they should have had that for 2 weeks now. Heard nothing since. I assume they are waiting their mortgage approval? Anyone know if we will find out when their mortgage is approved? Is our solicitor informed?

    One good piece of news the buyers are coming back to measure up this week so maybe that means they have their offer??

    Timeline
    28/4 offer accepted
    03/5 draft contract pack sent from our solicitor
    03/5 valuation
    Originally posted by SG27
    Things have suddenly taken a jump forward! Our buyers mortgage was approved early last week, they've measured up for new carpets and yesterday we recieved enquiries from the buyers solicitor which our solicitor responded to buy email straight away. Just a few questions for us to respond to which was done last night. Searches are also done!

    So not sure what the next step is now? Are we nearly there?!

    28/4 offer accepted
    03/5 draft contract pack sent from our solicitor
    03/5 valuation
    08/5 buyer mortgage approved!
    17/5 searches back, enquiries received and repied to
    • Roo89
    • By Roo89 18th May 18, 8:45 AM
    • 69 Posts
    • 63 Thanks
    Roo89
    Hi all,

    I had my offer accepted 15th March and still have not exchanged! Apparently the seller 'forgot' he bought his house on help to buy! He has had the survey done for the help to buy people and had that sent to them today, but doesn't anyone know how long I can expect that to be resolved so we can exchange and set the completion date? Myself and my wife are so stressed about this it isn't even funny, as our lease is up in four weeks time.

    Many thanks
    Originally posted by Chrizzy_81
    This won't help your stress levels, but our offer was accepted 12th Feb and we still haven't had dates for exchange or completion. We're not even remotely close to getting dates set.
    • FloProActiv
    • By FloProActiv 18th May 18, 9:12 AM
    • 17 Posts
    • 9 Thanks
    FloProActiv
    Things you don't want on the day of completion - an email from your solicitors saying that the funds they've received from the mortgage lender are £10 short.

    Turns out our mortgage lender charges a £10 for bank transfers, which no one mentioned before today.

    Thankfully solicitor says she can still go ahead, and I've set the payment for the shortfall up, but definitely something I could have done without today.
    • dunroving
    • By dunroving 18th May 18, 9:30 AM
    • 1,397 Posts
    • 978 Thanks
    dunroving
    Things you don't want on the day of completion - an email from your solicitors saying that the funds they've received from the mortgage lender are £10 short.

    Turns out our mortgage lender charges a £10 for bank transfers, which no one mentioned before today.

    Thankfully solicitor says she can still go ahead, and I've set the payment for the shortfall up, but definitely something I could have done without today.
    Originally posted by FloProActiv
    This is the kind of little thing that must happen often enough that you'd think solicitors would be on top of it before it even happens. I think solicitors just don't think enough about the fact they are dealing with amateurs who don't buy a house every day (or even every year, or decade). They should be doing the thinking for the client with regard to things like the above.

    It wouldn't be difficult for a solicitor to create a 20-point "tips for clients buying a house!, "Tips fr clients selling a house", etc., so you can tick off each box.
    (Nearly) dunroving
    • Car1980
    • By Car1980 18th May 18, 10:24 AM
    • 267 Posts
    • 132 Thanks
    Car1980
    15/12 offer accepted
    30/1 searches and documentation supplied
    19/2 first round of pre-contract enquiries
    19/3 second round of pre-contract enquiries
    18/4 third round of pre-contract enquiries
    25/4 arranging indemnities because seller's solicitor simply refuses to supply what we need
    26/4 final enquiry about leasehold asked
    week 2 - still no reply to final enquiry
    week 3 - still no reply to final enquiry
    • KJW92
    • By KJW92 18th May 18, 11:00 AM
    • 4 Posts
    • 3 Thanks
    KJW92
    Hey guys, first post on here... my boyfriend and I are first time buyers so threads like this have been really helpful!


    26/2 - offer accepted
    5/3 - instructed solicitors
    5/3 - draft contracts from vendor's solicitor requested
    3/4 - draft contracts received & enquiries raised
    5/4 - enquiries received by vendor's solicitor
    2/5 - some responses to enquiries received
    2/5 - our solicitor responded with the 6 outstanding enquiries
    16/5 - responses to some outstanding enquiries received


    We've been chasing up the estate agent pretty much every day to try and push our purchase through because the vendor's solicitors have been terrible sitting on things and lying about when they've sent information to our solicitor... it's been a bit of a nightmare to be honest but now that we have the responses to (hopefully all, but sounds like just some) of the outstanding enquiries we can get a wriggle on and exchange soon!
    • ric1982
    • By ric1982 18th May 18, 11:17 AM
    • 190 Posts
    • 31 Thanks
    ric1982
    Hey guys, first post on here... my boyfriend and I are first time buyers so threads like this have been really helpful!


    26/2 - offer accepted
    5/3 - instructed solicitors
    5/3 - draft contracts from vendor's solicitor requested
    3/4 - draft contracts received & enquiries raised
    5/4 - enquiries received by vendor's solicitor
    2/5 - some responses to enquiries received
    2/5 - our solicitor responded with the 6 outstanding enquiries
    16/5 - responses to some outstanding enquiries received


    We've been chasing up the estate agent pretty much every day to try and push our purchase through because the vendor's solicitors have been terrible sitting on things and lying about when they've sent information to our solicitor... it's been a bit of a nightmare to be honest but now that we have the responses to (hopefully all, but sounds like just some) of the outstanding enquiries we can get a wriggle on and exchange soon!
    Originally posted by KJW92
    Thanks for the detailed update. It took a month to get draft contract from vendors solicitor! Not good! Do you know why it took that long?

    Also what is your mortgage application time line like? (if you have mortgage)

    Glad that things are moving forward for you.
    • KJW92
    • By KJW92 18th May 18, 11:48 AM
    • 4 Posts
    • 3 Thanks
    KJW92
    Thanks for the detailed update. It took a month to get draft contract from vendors solicitor! Not good! Do you know why it took that long?

    Also what is your mortgage application time line like? (if you have mortgage)

    Glad that things are moving forward for you.
    Originally posted by ric1982

    Don't they've been an absolute nightmare, there's no reason for these delays they just keep sitting on it! Only recently have we found out we can chase through the estate agents


    Erm we had our first mortgage meeting on 3/2, second meeting with the bank on 12/3 to set everything up, bank survey carried out on 19/3, mortgage offer received by our solicitor on 13/4.


    Thank you, I hope things are moving forward anyway! Feel like we are never going to get responses to these enquiries !
    • StarLord
    • By StarLord 18th May 18, 12:56 PM
    • 5 Posts
    • 9 Thanks
    StarLord
    Don't they've been an absolute nightmare, there's no reason for these delays they just keep sitting on it! Only recently have we found out we can chase through the estate agents


    Erm we had our first mortgage meeting on 3/2, second meeting with the bank on 12/3 to set everything up, bank survey carried out on 19/3, mortgage offer received by our solicitor on 13/4.


    Thank you, I hope things are moving forward anyway! Feel like we are never going to get responses to these enquiries !
    Originally posted by KJW92



    This sounds very similar to ours - FTB as well. Vendors solicitors have been an absolute nightmare! Kept delaying the draft lease due to freehold purchaser making tiny amendments.

    We are waiting on a deed of easement to be signed by the neighbor which has been ongoing for a couple of months.


    Hope it's not the same South West London development, as ours has been ongoing for 6 months now and we are about to try and get a mortgage offer extension!
    • KJW92
    • By KJW92 18th May 18, 2:14 PM
    • 4 Posts
    • 3 Thanks
    KJW92
    This sounds very similar to ours - FTB as well. Vendors solicitors have been an absolute nightmare! Kept delaying the draft lease due to freehold purchaser making tiny amendments.

    We are waiting on a deed of easement to be signed by the neighbor which has been ongoing for a couple of months.


    Hope it's not the same South West London development, as ours has been ongoing for 6 months now and we are about to try and get a mortgage offer extension!
    Originally posted by StarLord

    Wow!!
    No we're buying a freehold so as far as I'm aware no need for a deed of easement... well I hope not anyway!
    Our mortgage offer is available until the end of August so I hope we won't have the same delays! Good luck with everything.
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