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Realistic advice on completion date required
choccieuk
Posts: 36 Forumite
Due to being let down on the sale of our property (same purchaser changed his mind THREE times before pulling out on exchange day!) we decided to keep our property and get a buy to let mortgage.
Now our vendor is demanding we move on the 17th December or they will pull out as it's taking so long (not our fault, and we've put ourselves at more risk with the buy to let to keep the purchase going through!)
The problem is our buy to let mortgage has been approved subject to the valuation, which is on Friday, and should be fine as it was valued for sale previously. Is it realistic to say everything will be ready to complete on the 17th????
Both my estate agent and solicitor say all will be fine, all the paperwork is in place apart from the buy to let mortgage, but should I start packing?? I really don't want to have everything in boxes at Christmas if we don't move as not much fun for the kids but I also don't want to try and pack 10 years worth of belongings/junk in 2 days!! Especially as all the local removals companies are booked solid for the 17th so we've had to hire a van
.
Any advice much appreciated
Now our vendor is demanding we move on the 17th December or they will pull out as it's taking so long (not our fault, and we've put ourselves at more risk with the buy to let to keep the purchase going through!)
The problem is our buy to let mortgage has been approved subject to the valuation, which is on Friday, and should be fine as it was valued for sale previously. Is it realistic to say everything will be ready to complete on the 17th????
Both my estate agent and solicitor say all will be fine, all the paperwork is in place apart from the buy to let mortgage, but should I start packing?? I really don't want to have everything in boxes at Christmas if we don't move as not much fun for the kids but I also don't want to try and pack 10 years worth of belongings/junk in 2 days!! Especially as all the local removals companies are booked solid for the 17th so we've had to hire a van
.Any advice much appreciated
0
Comments
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Typically lenders take about a week to issue a formal offer after a valuation has been done and when the formal offer comes out it can take another week to get the money from the lender so you will need to do some mighty hard pushing if you want it to happen.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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