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HSBC delay from exchange to completion
Insurance_guy
Posts: 15 Forumite
We're selling a flat with no chain to a buyers with no chain yet the buyer's bank, the HSBC insists on a 2 week gap from exchange to completion. Has anyone else had success in bringing the completion date forward? Why can't we exchange and complete on the same day? This is confusing.
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Comments
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Simple.. what if you flat buyer backs out at the last minute? Seen it done before.Motto: 'If you don't ask, you don't get!!'
Remember to say thank you to people who help you out!
Also, thank you to people who help me out.0 -
Well if they were allowed to exchange and complete on the same day, how would they be able to back out?TEDDYRUKSPIN wrote: »Simple.. what if you flat buyer backs out at the last minute? Seen it done before.
I don't understand your point.
OP - I have no idea. I've been involved in a mortgage application that took 48 hours from application to completion. HSBC may have good reasons, but I have no idea what they are.0
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