We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Help please - delayed completion / 'lost' mortgage funds

135

Comments

  • puddleduck
    puddleduck Posts: 86 Forumite
    Millie_Millsters wrote: »
    It's times like this you'll be glad you have a proper solicitor and not one of those cheap online conveyencers.

    Yep, I hope so. I'm also glad that they're not a one-man-band (as I got the impression that there were a lot more than just our solicitor working on trying to sort it out yesterday ) and that we've used them successfully twice before so know this isn't what normally happens.
  • martindow
    martindow Posts: 10,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 13 November 2011 at 11:07AM
    Millie_Millsters wrote: »
    It's times like this you'll be glad you have a proper solicitor and not one of those cheap online conveyencers.
    You're right, but I can't help wondering whether you are timmyt in disguise !
  • puddleduck
    puddleduck Posts: 86 Forumite
    Still no luck with finding the money. Solicitor's bank now saying they don't have it after all :huh::(:(
  • puddleduck
    puddleduck Posts: 86 Forumite
    Still no progress.
    Our solicitor's boss (a senior partner in the firm) has called me so I know they're still trying to get to the bottom of it but we're definitely not completing today.
  • [Deleted User]
    [Deleted User] Posts: 7,323 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Awful situation.., u have my sympathy. I hope the money is found quickly and the vendors on the other side are being kept informed.
  • pinkteapot
    pinkteapot Posts: 8,044 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Did you apply for the mortgage yourself or use a broker? If it was me, I'd be calling the bank (or asking the broker to on my behalf if applicable) to put a serious rocket up on their end. They sent the money - it's their responsibility to make sure it arrives at the solicitor's account in time for completion to take place. One of the banks has messed up - the mortgage company or the solicitor's receiving bank. Can't hurt to hassle the mortgage company to make doubly sure it wasn't a problem on their end.
  • puddleduck
    puddleduck Posts: 86 Forumite
    pinkteapot wrote: »
    Did you apply for the mortgage yourself or use a broker? If it was me, I'd be calling the bank (or asking the broker to on my behalf if applicable) to put a serious rocket up on their end. They sent the money - it's their responsibility to make sure it arrives at the solicitor's account in time for completion to take place. One of the banks has messed up - the mortgage company or the solicitor's receiving bank. Can't hurt to hassle the mortgage company to make doubly sure it wasn't a problem on their end.

    Yep, have done. They have done a CHAPS trace on it more than once and they have checked the details of the account number and sort code with the receiving bank. The CHAPS trace comes back that it was delivered to the receiving bank but the receiving bank can't find it. My last update was that fairly senior people were now involved in both banks trying to sort it out - they know this will cost at least one of them.

    Very thankful we're not currently stuck in a hotel room with the 3 kids and all of our belongings stuck in emergency storage though which could have so easily been the case.
  • klolav
    klolav Posts: 892 Forumite
    Good luck and fingers crossed it gets sorted by tomorrow puddleduck!
  • SouthCoast
    SouthCoast Posts: 1,985 Forumite
    edited 14 November 2011 at 9:26PM
    The CHAPS system deals with billions of pounds every day.

    I guess that the banks will blame the solicitors and the solicitors will blame the banks.

    Good luck and make sure that you get ALL your costs refunded.

    Please keep us updated.
  • puddleduck
    puddleduck Posts: 86 Forumite
    SouthCoast wrote: »
    I guess that the banks will blame the solicitors and the solicitors will blame the banks.

    No, the banks are just blaming each other :)
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.4K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 261.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture