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What happens between exchange and completion?
Baby_A
Posts: 628 Forumite
Hi,
I am hoping to exchange next Monday and complete a fortnight later. What happens between this period? I do have the option to complete on the same day but this will cost me another £100 plus VAt for my solicitor.
I am hoping to exchange next Monday and complete a fortnight later. What happens between this period? I do have the option to complete on the same day but this will cost me another £100 plus VAt for my solicitor.
:j BABY A :j
0
Comments
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there is no reason for the £100 if you exchange and complete on the same day, unless your solicitor is setting aside other work just for you. a bit rich really!0
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The solicitor will need to ensure that the funds are in place on the same day as completion which doesnt allow him any failure time from the finance company - who may be making mistakes or slow in handling such - for this reason he may be charging for the inevitable half a dozen extra "are you ready yet ?" phone calls he will make and recieve...
If you are in no rush, I wouldn't worry once contracts are exchanged you are fairly safe.0 -
I exchanged and completed same day. Sol thought I was just going in to exchange but because she couldn`t wouldn`t say when we would complete I saw red and insisted on completing same day. I wasn`t charged anything extra and they didn`t even ask me to pay their fees before completion. They were absolutely useless up to that point and cost me the purchase of another house that I had done all the searches for.0
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