Is this normal?

matt1987

Hi all,

Well the time is finally here! The contracts have been written up and are ready to sign for our first ever purchase!!

I have been told the vendors have signed theirs and have sent it back to their solicitor ( they have moved to Oz ). My solicitor told me I would have to go in to sign our contract sometime next week, but she rang me yesterday to tell me that they are in the post 1st class? Is this normal?

She says its to speed up the process?

How long do you think until completion now? The new house is empty and just waiting, and I think the vendors want it to be asap!

GMS

matt1987 wrote: »

Hi all,

Well the time is finally here! The contracts have been written up and are ready to sign for our first ever purchase!!

I have been told the vendors have signed theirs and have sent it back to their solicitor ( they have moved to Oz ). My solicitor told me I would have to go in to sign our contract sometime next week, but she rang me yesterday to tell me that they are in the post 1st class? Is this normal?

She says its to speed up the process?

How long do you think until completion now? The new house is empty and just waiting, and I think the vendors want it to be asap!

If the solicitors are local to you then you could go in with the contracts and hand them in to save a day on postage.

Once the contracts are there you could in theory have exchange and completion on the same day which could be pretty much as soon as contracts are signed, assuming all legals have been done

matt1987

Well its a 40 mile round trip to our solicitors. They did indeed arrive this morning, and me and my parter have signed it, along with a couple of other forms. We managed to catch the collection for the post today and sent them RM first class recorded. Hopefully they will receive these on Monday?

So I could complete on Monday? I take it to complete on the Monday, I would have to ring my bank and do a CHAPS payment for the balance of the deposit?

GMS

Your solicitor will need to finish all legals and have your deposit in their client account, and the vendor's solicitors will need to have completed all their legals. Once this is done contracts can be exchanged and completion can be set.

Exchange and completion can happen the same day.

Solicitor needs to request funds from lender so this may take 5 working days.

Push your solicitor first thing Monday to get it one asap

matt1987

GMS wrote: »

Your solicitor will need to finish all legals and have your deposit in their client account, and the vendor's solicitors will need to have completed all their legals. Once this is done contracts can be exchanged and completion can be set.

Exchange and completion can happen the same day.

Solicitor needs to request funds from lender so this may take 5 working days.

Push your solicitor first thing Monday to get it one asap

Ahh well the bank manager from the mortgage lender says the money is in a holding account, and will be sent via a CHAPS payment FOC as it was part of my mortgage deal.

I can quite happily get the deposit money to the solicitors bank account same day.

Ideally I want to have the keys by Friday!!!

GMS

matt1987 wrote: »

Ahh well the bank manager from the mortgage lender says the money is in a holding account, and will be sent via a CHAPS payment FOC as it was part of my mortgage deal.

I can quite happily get the deposit money to the solicitors bank account same day.

Ideally I want to have the keys by Friday!!!

Friday is doable. Get on to your solicitor first thing Monday. If the lender have sent the money already you should be very quick. Make sure you have Buildings Insurance in place and get the lender's interest noted on the policy. This can be faxed to the solicitor.

matt1987

GMS wrote: »

Friday is doable. Get on to your solicitor first thing Monday. If the lender have sent the money already you should be very quick. Make sure you have Buildings Insurance in place and get the lender's interest noted on the policy. This can be faxed to the solicitor.

Yep, we already have building and contents insurance in place as we have a free policy through a our lenders as it was part of the mortgage deal we have with them!

Hopefully it will all run smoothly this week!!!

PasturesNew

matt1987 wrote: »

Well its a 40 mile round trip to our solicitors.

You say that like it's a long way. 20 miles each way - that's just around the corner, even I've cycled further on a nice day without effort.

It's 20 miles to my nearest Tesco or Asda.... where's your backbone!

matt1987

haha well I spose its only £1.40 to send it recorded first class... god this is MSE you know!!! :-)

Think of the petrol, and not to mention time off work that I would have to have!

Thrugelmir

matt1987 wrote: »

haha well I spose its only £1.40 to send it recorded first class... god this is MSE you know!!! :-)

No guarantee as to what time the post will actually arrive.

If you really want it to happen on Friday there's nothing you should leave to chance.

GMS

matt1987 wrote: »

haha well I spose its only £1.40 to send it recorded first class... god this is MSE you know!!! :-)

Think of the petrol, and not to mention time off work that I would have to have!

Should have gone for the Guaranteed Next Day Delivery. £6 or so but well worth it for vital documents and can be tracked. I use this for my clients docs.

However I am sure you will be a homeowner by Friday.

Good Luck