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The nervous wait to exchange....

Discussion in 'Home and Garden' started by noj, Apr 3, 2014.

  1. Basher

    Sgarrista

    Joined: Oct 18, 2002

    Posts: 7,625

    I wouldn't get excited until you've exchanged :)
     
  2. Junglist

    Mobster

    Joined: Jun 11, 2015

    Posts: 4,905

    Location: Bristol

    It feels like a constant rollercoaster of ups and downs. :o
     
  3. MikeTheNative

    Sgarrista

    Joined: Jun 17, 2012

    Posts: 8,027

    Location: South Wales

    We agreed a sale price in August last year and had an offer accepted for a house in mid September but still we don't have a date to exchange! It got to the point that for it to go through we had to sell our house before Christmas then just hope the buying goes through. Luckily I could move in with my parents and a friend had an empty garage for our stuff.
     
  4. Junglist

    Mobster

    Joined: Jun 11, 2015

    Posts: 4,905

    Location: Bristol

    That sounds like a palaver! Hope it gets sorted soon. We're currently renting but will be moving out 1st of March.

    We have a planned exchange date of 13th of February so I hope we are on target for that. House isn't due be finished until about May maybe June.
     
  5. Marvt74

    Capodecina

    Joined: Feb 20, 2004

    Posts: 13,997

    Location: Higher Walton

    @mid_gen

    Given you've had the offer accepted and it's looking likely, have you got a link? Sounds like a lovely house.
     
  6. Skillmister

    Capodecina

    Joined: Oct 3, 2009

    Posts: 19,585

    Location: Wales

    Just stay down until exchange then you can't get too disappointed ;)
     
  7. Junglist

    Mobster

    Joined: Jun 11, 2015

    Posts: 4,905

    Location: Bristol

    Haha it's really hard though.

    (watch this space in a few weeks when I come in her depressed cause it all fell through!)
     
  8. 413x

    Capodecina

    Joined: Jan 13, 2010

    Posts: 18,266

    Location: Cardiff

    I can't wait to post pics of my house. But resisting until exchange

    Tried (trying ) not to get my hopes up until exchange, but hard not to
     
  9. mid_gen

    Sgarrista

    Joined: Dec 20, 2004

    Posts: 9,346

    Pinged you a trust as I don't want my potential address a matter of public record :) Fingers firmly crossed here, just been reading the conservation area details, love the history!
     
  10. Marvt74

    Capodecina

    Joined: Feb 20, 2004

    Posts: 13,997

    Location: Higher Walton

    Yeah it's a cracking house.

    Think i remember you saying you were around Ashby at the moment when chatting about the pubs. It's a lovely area around there. Especially if you like Llamas :p
     
  11. ShadowMan

    Wise Guy

    Joined: Oct 18, 2002

    Posts: 1,579

    Down to our last 3 queries now. 1 easily solved. 2 more questionable.

    1. No section 38 for the road. All deeds show that 1 is required as part of planning permission and agreement on the land. Buyers solicitor wants us to buy an indemnity insurance but can’t find a price as apparently the lender may require one but she is checking with Halifax.

    2. Title deed for our house from Land Registry was of poor quality on copy. It is unreadable. I have provided my official copy from 10 years ago when I bought it but buyers solicitor wants indemnity policy for covenants and clauses. Land Registry have a policy in place to pay for things like this which is fine but worried it will take ages to sort.

    Trying to push for exchange on Friday so our buyer and submit notice to their landlord before next payment so they can leave in Feb. If not we are stuck waiting til March :(. Hopeful at the moment but pretty sure it won’t be sorted in time.
     
  12. xb8browney

    Soldato

    Joined: May 19, 2005

    Posts: 5,581

    Location: North East

    I'm having great difficulty selling a property I inherited last July. It sold within a week but we still haven't completed due to title deed issues. My solicitor doesn't seem very good and has admit to never having delt with the issue before, I have submitted paperwork to NRAM which arrived today to see if they still hold a copy.

    I feel so sorry for the buyer aswell because she was meant to be in for Christmas 2019.
     
  13. mid_gen

    Sgarrista

    Joined: Dec 20, 2004

    Posts: 9,346

    Hah yeah, haven't been to the llama farm yet :) It is a really nice area, I grew up in a tiny village in the boring flat South, but spent the last 10 years living in big cities (inc Hong Kong) so it's great to be back in rural Britain, you really appreciate it more after being away. Went for a muddy walk from Melbourne through Breedon-on-the-Hill at the weekend, loved it!

    Got all the first round paperwork off to the solicitors now. Next step, the survey, which I'm a little nervous about as the property is so old, but given the general excellent state of upkeep on the property I'm optimistic it'll be fine.
     
  14. 413x

    Capodecina

    Joined: Jan 13, 2010

    Posts: 18,266

    Location: Cardiff

    So damn close.

    Could exchange this week if all goes well.

    Solicitor thinks you can't use LISA for exchange deposit ,but I think you can

    Can't meet the 10pc exchange deposit threshold without it annoyingly
     
  15. Marvt74

    Capodecina

    Joined: Feb 20, 2004

    Posts: 13,997

    Location: Higher Walton


    I didn't think you could but a quick google seems to suggest you're right

     
  16. Junglist

    Mobster

    Joined: Jun 11, 2015

    Posts: 4,905

    Location: Bristol

    Not sure about the LISA but I know with the help to buy isa you only get to use your own money as part of the deposit and not the bit you gain on interest, if i remember correctly. And you're only allowed to use it on properties up to the value of £250k, which in Bristol gets you a shed.

    I know how you feel about wanting to send pictures and being excited. I'm trying hard not to get excited and emotionally attached but I already am! Things have gone so fast and to plan I'd be surprised if it fell through but there is always that risk.

    It's not even anything remotely special compared to what some of the other houses I've seen in this thread and these forums in general but I still can't wait.

    Edit: ignore me, i don't know what I am talking about it seems
     
  17. 413x

    Capodecina

    Joined: Jan 13, 2010

    Posts: 18,266

    Location: Cardiff

    Yeah that limit sucks. Luckily I moved to help to buy to Lisa as our house is over the limit. 250k isn't much in some places
     
  18. 413x

    Capodecina

    Joined: Jan 13, 2010

    Posts: 18,266

    Location: Cardiff


    So little info about it
     
  19. Marvt74

    Capodecina

    Joined: Feb 20, 2004

    Posts: 13,997

    Location: Higher Walton

    Might tap you up next time we're down for some suggestions!

    We don't usually venture out too far as we're at Champneys where we get breakfast/dinner/tea included so usually just have a walk into Ashby for a few drinks which is about 3 miles each way, but it'd be nice to explore a little more. Especially as i go for a run but end up doing the same loops every time i'm there.
     
  20. 413x

    Capodecina

    Joined: Jan 13, 2010

    Posts: 18,266

    Location: Cardiff

    Solicitors checked and are now happy they can use my Lisa for exchange. So this avoids needing to negotiate the 10pc thing down

    We also now have a provisional exchange and completion date.

    Looks like the sellers can accommodate whatever and is down to us to call the shots

    Last things to do are insurance and getting the final bit of the exchange deposit to solicitors