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Post exchange question
wessexw
Posts: 224 Forumite
Exchanged today at last - woohoo!!
Now I'd like to go order some furniture to try to get it delivered before Christmas, but the thought struck me that if my current account drops by say £2k before completion, might that cause alarm bells for my lender before they release the money at completion? The drop in money won't have me at rock bottom by any means, I've been saving this furniture money for a long time so it's been dedicated to that furniture cause. I'm sure that everybody must start spending some large amounts of money after exchange?
Now I'd like to go order some furniture to try to get it delivered before Christmas, but the thought struck me that if my current account drops by say £2k before completion, might that cause alarm bells for my lender before they release the money at completion? The drop in money won't have me at rock bottom by any means, I've been saving this furniture money for a long time so it's been dedicated to that furniture cause. I'm sure that everybody must start spending some large amounts of money after exchange?
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Comments
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Exchanged today at last - woohoo!!
Now I'd like to go order some furniture to try to get it delivered before Christmas, but the thought struck me that if my current account drops by say £2k before completion, might that cause alarm bells for my lender before they release the money at completion? The drop in money won't have me at rock bottom by any means, I've been saving this furniture money for a long time so it's been dedicated to that furniture cause. I'm sure that everybody must start spending some large amounts of money after exchange?
If youve got to exchange I can't see your lender suddenly wanting details of your current account. The only risk is if there is a large gap between exchange and completion eg a new build and your mortgage offer expires.0 -
Nope, completion is next Friday and I can't really see them bothering to check it out either but I'd like to be on the safe side!0
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Stop worrying. About that at least.0
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We have spent a lot between our exchange (last Friday) and our completion date (next Friday 10th). We've ordered a table and chairs, a new sofa and a new tv. I can't imagine any reason why our mortgage company would either ask or need to know why we've decided to buy these things - it makes no difference to our ability to pay our mortgage!
Just enjoy spending your hard earned cash, while packing everything else you've got to move.“I tell you, we are here on Earth to fart around, and don't let anybody tell you different.”
Kurt Vonnegut0
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