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  • FIRST POST
    • happytails
    • By happytails 27th Jul 17, 4:20 PM
    • 1,530Posts
    • 9,233Thanks
    happytails
    The NEW waiting to exchange thread...
    • #1
    • 27th Jul 17, 4:20 PM
    The NEW waiting to exchange thread... 27th Jul 17 at 4:20 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 Former MSE Andrea; 06-10-2017 at 10:50 AM.
    MFW Total £183,637.21 to clear by 2035
    DFW Total £35,420 to clear by 2024

    £2019 in 2019 0.00/2019
Page 257
    • Albala
    • By Albala 14th Jun 19, 1:33 PM
    • 285 Posts
    • 276 Thanks
    Albala
    Spoke to our sols today and the EA and they're sticking on there not being a certificate for the boiler installed last year, for a loft conversion done before the sellers moved in (which they're asking sellers about indemnity insurance for) and one other matter.
    Reading old threads here people seem to sire very heavily with the sellers on not doing indemnity insurance / making buyers pay for it, which worries me. Our solicitor is working for our lender also and said if these things can't be achieved it will need referring back to the lender, who then may decide not to lend on the property. Not stressful at all!

    (We're mortgaging with Kensington due to having a DMP a few years ago, didn't get to choose about them using our sols)
    Originally posted by lumpyspaceprincess
    re indemnities, one of the extensions to the house we're buying doesn't seem to have had PP. But it is well over 16 years old, the surveyor has no issues with the build itself, and these days it would be within permitted development anyway ( no idea if it would have been when it was done of course), and so our solicitors have no concerns about it. We've just noted it and left it at that (we don't have a lender we have to placate). In our circs, asking for the seller to buy an indemnity would have been overkill. However, if the surveyor had concerns about whether it met building regs, or any safety concerns, it would have been a different matter. Is that the problem with the loft conversion?


    Aside from that, my main worry would be the boiler. If it's gas, you can find out if the installation was registered from the gassafe website, and the seller can get a copy of the certificate for about 6 quid (if memory serves) if it was. If it wasn't registered, that breaches building regs, and it could be a very expensive problem. Financially, at worst, you might have to have it recommissioned to get that sorted out, which could cost as much as installing it in the first place. Safety-wise it could even be dangerous if it wasn't done properly. I think that does need sorting. We insisted we got the certificate in our case, though I had to find it myself first on gassafe.



    It is incredibly annoying that people are so careless about this sort of thing, especially when they are selling a house.Our had been on the market for nearly three years- plenty of time to get all the paperwork done. I wish people would get all their ducks in a row on this sort of thing before they went on sale- get the paperwork sorted, and deal with any problems that finding the paperwork threw up- it's insane that a seller's disorganised paperwork or panic remedial work ends up holding up a sale, sometimes an entire chain, right at the 11th hour.
    • lumpyspaceprincess
    • By lumpyspaceprincess 14th Jun 19, 2:17 PM
    • 185 Posts
    • 303 Thanks
    lumpyspaceprincess
    Thanks for that, useful to see someone who has had a similar experience.

    We saw the boiler when we viewed and it was installed in the last 2 years so there should be some kind of certificate available somehow - they think it was given to the previous tenant.

    I think the issue is the sellers have never lived in the house since buying it in the 00s and don't seem to know much about it! It's frustrating really, as the house had been on the market since October when we offered in early March, you'd think they'd have some of it together in that amount of time!

    The loft conversion occurred before they bought the property and they have no evidence it meets building regs. We didn't get a full survey done (I know!) as the age of property meant it would have been quite expensive, and we felt the specialist damp and timber survey was enough as that's all that came up in the mortgage valuation survey.. I'm not sure if we're able to say 'it's fine' and just go on, or what - we're not intending on using the room in the room for quite some time, it's extra to our needs.
    Last edited by lumpyspaceprincess; 14-06-2019 at 2:23 PM. Reason: Clicked post too soon!
    § £25k paid off with Stepchange DMP § Debt Free 01/09/17 §
    § Saving for a house deposit by '19 § Savs @ £20,000 §


    • Albala
    • By Albala 14th Jun 19, 7:11 PM
    • 285 Posts
    • 276 Thanks
    Albala
    lumpyspce, check here: https://www.gassaferegister.co.uk/notifications/search-for-a-notification/
    If you stick in the address, it should tell you when there was last a certificate. I found there was one for the property I was looking at (though found out at the same time the boiler was *cough* a tad older than the seller had thought, and yes, it was the same one ). I told my solicitor to tell the vendor's solicitor to tell the vendor to get a copy, which he did. Why sellers don't sort this sort of thing out before going on the market is beyond me.
    • lumpyspaceprincess
    • By lumpyspaceprincess 14th Jun 19, 7:34 PM
    • 185 Posts
    • 303 Thanks
    lumpyspaceprincess
    Cheers for that link... Doesn't look like there was a certificate registered since 2009, though I know there is a new boiler(we took pictures of it and it shows the install date) Hmm!

    Why sellers don't sort this sort of thing out before going on the market is beyond me
    One of the great mysteries of the world this!
    I'll send that info on via our sols / the EA when they're open again.
    § £25k paid off with Stepchange DMP § Debt Free 01/09/17 §
    § Saving for a house deposit by '19 § Savs @ £20,000 §


    • mpr87
    • By mpr87 15th Jun 19, 11:22 AM
    • 51 Posts
    • 16 Thanks
    mpr87
    Really worried our purchase is going to fall through because of a problem up the chain.



    we've signed all our docs but not sent funds as the solicitor told us to hold fire until they are actually given a firm date by the vendors solicitor. The vendors solicitor apparently has a a bad reputation.



    anway, after chasing numerous times the EA phones me back at 10 past 5 on a friday to tell me the vendor has been told they have to complete on friday the 21st or the chain will collapse. No one has told our solicitor and due to commitments it looks like we may not be able to get to the bank to do a transfer/sort isa's out etc for the deposit until wednesday morning,



    I've been telling people for weeks we are going on holiday on friday which has also fallen on deaf ears.



    the EA has tried to suggest we just send funds today without even being told to by our solicitor. I don't trust a word the EA says so either way i need to wait until monday before we speak to her before doing anything but i'm just worried there isn't going to be enough time now.
    • correll
    • By correll 15th Jun 19, 4:57 PM
    • 75 Posts
    • 44 Thanks
    correll
    mpr87, that sounds ridiculous.

    I agree the EA seems to be pushing, but it is the solicitors call.
    The solicitor knows when all the paperwork is in place and when they are able to exchange.
    Our EA tried to push a completion date - but the solicitor shot it down
    It is a lot of stress for you because of your hols, but everyone has to agree completion date, so am sure your solicitor will sort it for you Monday.
    • Zandimos
    • By Zandimos 17th Jun 19, 10:01 AM
    • 49 Posts
    • 27 Thanks
    Zandimos
    Hi all,

    I viewed the property, made an offer and offer accepted on 1st March.
    Subsequently everything has been done on my side regarding searches and mortgage etc.
    We are buying a part exchange and completion was supposedly end of May, but still waiting for any news whatsoever.
    The EA keeps telling me that the CML hasn't been issued yet and therefore the new build cannot complete. The CML was meant to be issued on 14th May but still not heard that it has been, EA has now said 14th June for the CML and completion at end of June.

    Starting to become a long waiting game with no definitive answers and keep getting pushed back
    Originally posted by Zandimos

    Hi again all,

    So I got an email on Wednesday asking if we can exchange. I said I want to view the house again so I did on the Thursday and said on Friday I am happy to exchange. Still waiting on an exchange and completion is supposed to be Friday 21st. The house is now empty too.

    My solictior seems to take the approach of waiting until their solictior contacts them whereas Iíd prefer them to be a bit more proactive. Iím still waiting on an email saying we have exchanged.

    Any ideas on how I could maybe speed the process up and get the two solicitors talking?
    • Crumble2018
    • By Crumble2018 17th Jun 19, 10:40 AM
    • 126 Posts
    • 120 Thanks
    Crumble2018
    Hi All,

    Feel very nervous joining this thread - it doesn't feel real yet!

    2 weeks ago we didn't even think we could get a mortgage - now suddenly we have an offer accepted on a flat and a mortgage offer!

    We did buy a house in 1999, but due to financial difficulties we sold up in 2012, and thought we'd be renting forever. So this is all quite sudden, and exciting and nerve wracking at the same time!

    Our solicitors seem to have everything in hand, so now the wait begins! Just keeping our fingers crossed that the lease doesn't throw up any nasty surprises!!
    • zoot_ze
    • By zoot_ze 17th Jun 19, 10:43 AM
    • 14 Posts
    • 10 Thanks
    zoot_ze
    2nd May - Viewing
    8th May - Closing date and offer accepted
    15th May - DIP application with Skipton submitted and approved
    15th May - Written acceptance received - looking at a completion date of 5th July
    16th May - Full mortgage application submitted
    21st May - Visit solicitor's office and view documents received so far. Requesting sellers fix the oven before move-in and also instructing a damp survey as a damp-proof course has failed in the past and one wall in the home report had elevated levels (not covered by any damp-proof course with a guarantee).
    22nd May - Mortgage approved!
    29th May - Damp survey instructed (why did it take 8 days for my solicitor to do this? The mind boggles)
    4th June - Chase up solicitor about damp survey, turns out they weren't able to reach the vendor. Not happy about the amount of time taken to get it sorted as we have to give notice really soon on our tenancy and are now approaching 3 weeks on this one issue.
    11th June - Chase up again, damp survey now booked for that Friday (14th). Says he'll get a verbal report on the day and give me a call. I also ask to delay the completion date as we'd be looking at a 3 week overlap on our tenancy - I give 2 possible weeks where any day would be suitable.
    13th June - Vendor has said they cannot do any of our dates as their child is now out of nursery. Suggested the other two weeks I didn't mention (I'm on holiday for one of them and the other would still be 2 weeks overlap). I suggest the 12th July as it's the latest date possible, but they still needed to confirm with their vendor.
    14th June - Should get damp survey result, unsurprisingly get radio silence from solicitor.
    15th June - Email from solicitor with a budget for works, £1600 + VAT, plus a radiator needs removed. Also get another email saying that the vendor's vendor cannot do the 12th and has suggested two dates, both while I'm on holiday...


    So my job for today is to phone my solicitor to negotiate a price drop, and to discuss the date of entry. Not the end of the world for me to be away as my partner will be there to deal with everything but I really wanted to be there
    • ftb2019
    • By ftb2019 17th Jun 19, 11:08 AM
    • 12 Posts
    • 4 Thanks
    ftb2019
    Wanted to add my timeline in here
    2 x first time buyers buying a new build off plan!
    Estimated completion date of December/January.

    8/06 - visited FTB event
    9/06 - viewed show home/site
    15/06 - reserved our home off plan
    17/06 - instructed solicitors we had lined up.

    Current timeline is roughly 28 days - 6 weeks to exchange, then 5/6 months to complete - property due to be completed by Dec/Jan.
    So excited at the moment but I feel we'll only get more and more impatient as time goes by!
    • correll
    • By correll 17th Jun 19, 11:23 AM
    • 75 Posts
    • 44 Thanks
    correll
    @Zoot_ze. That is annoying, we have not started on dates yet, but your vendor seems unhelpful - surely someone can mind the child whilst they move? Is there an upward chain?
    • correll
    • By correll 17th Jun 19, 11:25 AM
    • 75 Posts
    • 44 Thanks
    correll
    ftb2019. Good luck with your sale. At least you know you can get on with your life till December
    • zoot_ze
    • By zoot_ze 17th Jun 19, 11:36 AM
    • 14 Posts
    • 10 Thanks
    zoot_ze
    @Zoot_ze. That is annoying, we have not started on dates yet, but your vendor seems unhelpful - surely someone can mind the child whilst they move? Is there an upward chain?
    Originally posted by correll

    I would have thought they would have to get someone to mind the child whenever the move-in date is, but they are moving to a different city 50 miles away and have no family who live locally so I do feel some sympathy for the situation they're in. I'm considering asking to move the date back to 5th July and ask to be reimbursed for the overlap of rent and council tax but I don't really know if that's the done thing.


    I know there's at least one above our vendor in the chain, and considering they've only suggested two suitable dates I'm guessing there's someone above them too. We're FTBs so just sitting at the bottom waiting to see what's going on
    • correll
    • By correll 17th Jun 19, 12:05 PM
    • 75 Posts
    • 44 Thanks
    correll
    Zoot_ze very frustrating for you. I don't know if you have any recourse for a date that has financial implications - maybe ask your solicitor?
    • Greenglockenspiel
    • By Greenglockenspiel 17th Jun 19, 1:49 PM
    • 26 Posts
    • 125 Thanks
    Greenglockenspiel
    Hello everyone I am new to this thread and housebuying - we are off to our third (!) viewing of a house today with a more experienced family member and hoping to put an offer in tomorrow morning.
    We previously put an offer on another house that needed a lot of work but it wasnít accepted because the vendor was in denial about how much work needed to be done. Thankfully this one is in better condition!
    We are first time buyers so no chain and I have already closed the limited access ISA where most of our deposit was being kept and moved it into my current account to speed up the process (OH and I still have a LISA each though).
    Have an agreement in principle and also started talking to an advisor to see if he can find us a better deal. Havenít found a solicitor yet but I think the aforementioned family member has one who is quite reliable.
    The sellers of this house do have a chain so Iím hoping they will be keen to accept our offer and get things moving along! Our tenancy is until the end of September so ideally we will have a couple of weeksí overlap to move our stuff... fingers crossed.
    • ka7e
    • By ka7e 17th Jun 19, 7:03 PM
    • 2,484 Posts
    • 2,023 Thanks
    ka7e
    Well, we didn't exchange today (again) - our buyers couldn't get funds released for deposit in time. Still supposed to complete on the 25th, but I cannot book a removal firm until that is confirmed. Went with EA to show my daughter the (empty) house we're buying and found the seller's daughter and her husband mowing the lawn and tidying the garden. Nice!
    "Cheap", "Fast", "Right" -- pick two.
    • correll
    • By correll 17th Jun 19, 7:46 PM
    • 75 Posts
    • 44 Thanks
    correll
    @ka7e, that is frustrating, do you expect to exchange tomorrow then?
    • ka7e
    • By ka7e 17th Jun 19, 8:00 PM
    • 2,484 Posts
    • 2,023 Thanks
    ka7e
    Correll - I've been so stressed today, I feel past caring! No idea if we exchange tomorrow - my solicitors are dire at communicating what's going on.
    "Cheap", "Fast", "Right" -- pick two.
    • correll
    • By correll 17th Jun 19, 8:12 PM
    • 75 Posts
    • 44 Thanks
    correll
    Oh dear, it is terrible. The uncertainty is awful. Hope they get it sorted tomorrow ten you can start planning your move
    • Angelschild
    • By Angelschild 18th Jun 19, 11:03 AM
    • 25 Posts
    • 9 Thanks
    Angelschild
    My story so far:
    Feb 2019 - viewed first property, made offer, accepted etc.
    Feb 2019 - other legal work started in the background to remove me off the mortgages and title deeds of marital home and 2 x BTL properties
    Mar 2019 - first mortgage application goes in and is turned around within 3 weeks, so mortgage offer issued at the end of March
    April 2019 - all searches complete, in theory I'm ready to exchange, transferred all monies including deposit over to my solicitor
    May 2019 - other legal work still ongoing, had no idea it would take so long.
    May 2019 - vendor gets bored of waiting and advises me that they are putting the property back on the market, can't blame them I never intended to keep them hanging on
    May 2019 - I decide to formally withdraw my offer, I'd had a few doubts over the property and they weren't happy to wait, so seemed the right them to do.


    24th May 2019 - new property drops into my search criteria on Rightmove, I instantly love it so book to go and view.
    25th May 2019 - view property, fall in love, make offer, second offer accepted
    31st May 2019 - other legal work progressing well, final title deeds signed over so that should now complete in the background within a couple of weeks
    3rd June 2019 - saw Mortgage Advisor to run through new mortgage required and get last 3 months payslips, hopefully he'll be submitting new application this week
    5th June 2019 - sale officially instructed
    6th June 2019 - original deposit returned from previous purchase, bank balance looks healthy again for the time being!
    17th June 2019 - confirmation of both BTLs transfers complete, 2 down and 1 to go!
    18th June 2019 - confirmation of full mortgage offer (great service from Accord)
    18th June 2019 - searches under way, fixtures and fittings received etc. so all moving on well
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