The nervous wait to exchange....
- Thread starter noj
- Start date
Standard with the procedures in England I'm afraid....until you exchange there is no commitment from either side so you just have to suck it up and cross your fingers that no-one changes their mind or messes you around.
Best bet is just to stay on your solicitor's case and keep hassling.
Our seller's solicitor has gone from "we can't talk exchange dates", to "we aim to complete end of August" within a day. I suspect it's just BS to stop us walking away....but what can you do...
Soldato
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Surveys booked... Been here before just before lockdown. Praying we make it to exchange and move in before end of summer.
Completing on my house purchase tomorrow. Hoping the mains gas pipe replacement outside is finished or nearly finished as the house and road is surrounded by red work barriers and trenches everywhere. Talk about timing...
Associate
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- 31 Oct 2006
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- 270
Getting ****ed off with our vendors and their solicitors, we have had 2 proposed completion dates now which have fallen through. Had a phone call a few days ago saying everything was sorted and when I chase theirs to instruct mine to begin suddenly there are issues again with the property they are buying. Apparently the vendor misunderstood! Currently renting and had to give notice, in 3 weeks we are homeless 
Also in 5 weeks have to get a mortgage offer extension which we won't get due to paycuts. Starting to think it won't happen at all.
Also in 5 weeks have to get a mortgage offer extension which we won't get due to paycuts. Starting to think it won't happen at all.Getting ****ed off with our vendors and their solicitors, we have had 2 proposed completion dates now which have fallen through. Had a phone call a few days ago saying everything was sorted and when I chase theirs to instruct mine to begin suddenly there are issues again with the property they are buying. Apparently the vendor misunderstood! Currently renting and had to give notice, in 3 weeks we are homeless
Surely you exchanged before you gave notice on your current home?
Soldato
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- 2 Apr 2006
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Just had the survey through on my daughters first house. Biggest issue is with the roof and roof space. There's no membrane under the roof tiles and the dividing wall between properties isn't built up fully i.e insufficient firebreak. I'm just wondering what peoples thoughts are on asking the vendor to shoulder some, if not all of the cost of this? My daughter doesn't want to rock the boat but I can see this costing at least 2-3k, possibly more.
Those sound like pretty standard features for a certain era of terraced house. There's no membrane under our 1930's house roof tiles either. If the roof is in good condition then it's not an issue.
If my buyers complained about that I'd tell them to go buy a new build.
Some bricks and mortar and the fire wall is sorted. Doesn’t have to look pretty and is a very easy job.
Most roofs aren’t felted unless new or retrospectively fitted.
So to my mind, the roof not being felted isn’t a ‘fault’. It’s just not felted.
you could I suppose ask for some cash for the fire wall but honestly the cost of doing it is likely peanuts and something most people could just DIY
Is the house modern? Felting has only been a thing for what..70 years at most? Modern style breather membrane is <30 years.
Mortgages atm are nuts. We're trying to get a 90% LTV, go to my broker and they say the only people doing it are HSBC but you have to go direct to them. So we did and we have to wait until 3rd August for a Zoom consultation . Survey is booked for 29th July and the secretary said the report wouldn't be done until the following Monday (which is 3rd of August), so we'll be waiting until at least then before I can stop stressing.
Plus side is Nationwide are bringing out their 90% LTV mortgages next Monday, so hopefully it will coax a lot of the lenders back out next week, and if the rates are comparable to HSBC then we'll probably jump at one of those.
. Survey is booked for 29th July and the secretary said the report wouldn't be done until the following Monday (which is 3rd of August), so we'll be waiting until at least then before I can stop stressing.Plus side is Nationwide are bringing out their 90% LTV mortgages next Monday, so hopefully it will coax a lot of the lenders back out next week, and if the rates are comparable to HSBC then we'll probably jump at one of those.
Soldato
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- 26 Aug 2012
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18 viewings booked within less than 24 hours of it being put back on the market. All want to see it ASAP. Another 5 to confirm times for 23 total. It's mental....
Soldato
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- 26 Aug 2012
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Mortgages atm are nuts. We're trying to get a 90% LTV, go to my broker and they say the only people doing it are HSBC but you have to go direct to them. So we did and we have to wait until 3rd August for a Zoom consultation
Plus side is Nationwide are bringing out their 90% LTV mortgages next Monday, so hopefully it will coax a lot of the lenders back out next week, and if the rates are comparable to HSBC then we'll probably jump at one of those.
HSBC are a nightmare to work with. However, to speed things up, you can fill in your application yourself online to avoid having to wait for an advisor to be free.
Mortgages atm are nuts. We're trying to get a 90% LTV, go to my broker and they say the only people doing it are HSBC but you have to go direct to them. So we did and we have to wait until 3rd August for a Zoom consultation
Plus side is Nationwide are bringing out their 90% LTV mortgages next Monday, so hopefully it will coax a lot of the lenders back out next week, and if the rates are comparable to HSBC then we'll probably jump at one of those.
We were on the cusp of applying through Habito earlier this week but after hearing about Nationwide returning on Monday, we're holding off until then. Slightly anxious as we need a 90% LTV also.
Out of interest, what broker are you using?
Soldato
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- 27 Aug 2005
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Thats crazy numbers especially in the current climate.
Habito too.
I did. And it says you will have to call us for a 90% ltv mortgage.
I'm not sure if going through L&C instead will make any difference. Both big online brokers who probably have access to the same lenders and products.
Keep us updated on how you get on!
Soldato
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- 2 Apr 2006
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Thanks. I've done some research and, as you say, it's perfectly normal for a house of this age. The house is in a conservation area and it may even be a listed building, I'm trying to find out. It's known as a model village and all the houses were built for the local miners 140 years ago so it's got a lot of history.
Surveys are always scary, because the surveyors job is to nitpick like a crazy thing. More often than not the things they pick up are simply normal for houses of that design and age. Ignore them until you've spoken to someone used to reading them such as your conveyancer. If they're worried, worry, if they're not, ignore it.
(In terms of buying anyway, it's worth bearing in mind for future work/things to keep an eye on)