I just exchanged! This video is very helpful and clear. It’s a huge relief to be open the big hump and past the “point of no return”! I can’t wait to complete 😅
I have yet to be given a completion date, seller is saying he is waiting on developers solicitors to confirm a date how long do I expect to wait on this to be confirmed, seller states property is ready and not waiting on anything apart from date to be confirmed, been a week and yet no responses
For a new build home. Do u need to have a formal mortgage offer in place for the exchange of contract? Or will a mortgage in principle be suffice? As completion dates can be 6 months or so away
Hi, for a new build property it works a little differently. Usually the first step is paying the reservation fee. Some people do then ask for a DIP but most of the time you'll pay the reservation fee and then start with the full mortgage application. This can be done months in advance so you're all ready for the day you exchange. Plz do give us a call on 020 3011 1986 or email us help@wismortgages.co.uk if you have any more questions
My chains exchange day was Friday. I’m in a chain of 5 and am number 4. My solicitor called at 12 noon to say release had started and could she have my authority which I gave. The deadline for exchange was 4pm. About 3.30pm my agent called to say the contract was stick somewhere in the chain but not to worry, the deadline had been extended until 5pm. I heard nothing more which was really frustrating on a Friday and I’m now so worried all weekend. What could have gone wrong as we clearly haven’t exchanged. What will happen now?
Hi Paula. Since it is a chain it is really hard to say what could have gone wrong. However as far as we know once the funds are released you need to complete within 28 days of release. Hope it goes well!
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I just exchanged! This video is very helpful and clear. It’s a huge relief to be open the big hump and past the “point of no return”! I can’t wait to complete 😅
Very informative, thank you
Ok but what's up with Jemmas voice tho
Yes i always check behind all the pictures......
About to exchange contracts...
Amazing video, thank you
Very informative ... thank you !!
Very Useful Information
So nice of you
I have yet to be given a completion date, seller is saying he is waiting on developers solicitors to confirm a date how long do I expect to wait on this to be confirmed, seller states property is ready and not waiting on anything apart from date to be confirmed, been a week and yet no responses
Very useful video. Thank you
Useful info
Great content
After exchanging few hours if client want to change mind and want to exchange after few days
very useful
For a new build home. Do u need to have a formal mortgage offer in place for the exchange of contract? Or will a mortgage in principle be suffice? As completion dates can be 6 months or so away
Hi, for a new build property it works a little differently. Usually the first step is paying the reservation fee. Some people do then ask for a DIP but most of the time you'll pay the reservation fee and then start with the full mortgage application. This can be done months in advance so you're all ready for the day you exchange. Plz do give us a call on 020 3011 1986 or email us help@wismortgages.co.uk if you have any more questions
My chains exchange day was Friday. I’m in a chain of 5 and am number 4. My solicitor called at 12 noon to say release had started and could she have my authority which I gave. The deadline for exchange was 4pm. About 3.30pm my agent called to say the contract was stick somewhere in the chain but not to worry, the deadline had been extended until 5pm. I heard nothing more which was really frustrating on a Friday and I’m now so worried all weekend. What could have gone wrong as we clearly haven’t exchanged. What will happen now?
Hi Paula. Since it is a chain it is really hard to say what could have gone wrong. However as far as we know once the funds are released you need to complete within 28 days of release. Hope it goes well!
Can you please update what happened the following Monday?
Eventually exchange happened but it did take a couple of attempts over a few days.@@starb6712
We exchange soon