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exchange and Completion problems - are there any??
dkny_2
Posts: 211 Forumite
Has anyone who have recently moved in - had any problems on completion??
What are the problems that could arise between exchange and completion?
Thanks,
:beer:
What are the problems that could arise between exchange and completion?
Thanks,
:beer:
Completed House Purchase And LOVIN' IT:D 0
Comments
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Most completions go smoothly - you only hear of the horror stories.
The most common danger on completion is that the funds don't transfer promptly and you don't get access to your house until the next day.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Its pretty much always to do with the funds as solicitors, financiers, buyers and sellers all get stressed and stroppy. Completions are not set in stone as everybody tends to think so can stray beyond an agreed date. You are only offered the loss of interest as compensation..
In most cases it will all happen pretty much as agreed.0 -
Thanks for the replies,
Ive went to see my solictor yesterday and she was going on about the mortgage lender doing some "searches" before they release the money? I dont have a problem with this at all but i thought they already done these or do they do this again? any ideas??
ThanksCompleted House Purchase And LOVIN' IT:D 0 -
this does sound odd - they would normally trust the solicitor to carry out the searches. Perhaps that's whats happening?
Anyway by the sounds of '5 days to completion' it may have already happened - I hope so - let us know0
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