complete friday, nationwide mortgage funds

lilyloo17

Hi

Exchanged contracts monday, sol sent of certificate of title to lender on monday confirming complete this friday. We paid ours funds by TT to sol today.

I emailed asking him if when nationwide mortgage funds would be there and he replied with "should be friday"

Which seems a little vague to me, does he just send the cot off and hope monies are there on completion date :eek: Surely the lender responds and confirm yes we'll make the tt on this day etc and give confirmation funds will be released etc !! the "should" has made me panic so i emailed him again and got an out of office !!

Any advise, comments re this ? I hoping the sol doesn't just rely on keeping his fingers crossed all ok and will chk on completion day ?!

Thanks in advance:)

Dave_Ham

Do not worry, typically they can check at 9am and if not there still receive the funds later in the day.

Solicitors are risk averse creatures and will never over commit.

You should be fine, so long as you have a local solicitor and not a national cheap and cheerful job - additionally Nationwide are good to deal with....

lilyloo17

oh thanks,
Yes he local, just very short and sweet in his replies !! Think he's fed up of us pestering him aswell. Do they normally only send money on actual completion day ? Seems quite tight to me ! Also if there was a problem would nationwide have been in touch by now - not that im expecting there will - we haven't taken out a £20k loan or gone bankrupt in between lol, but this forum and horror stories have made me super paranoid !

Dave_Ham

No-one posts about the straighforward completions - a little knowledge and all that...

Sols may even get the funds on Thursday, or can get anytime on Friday. Us brokers and solicitors do this everyday so sometimes we just get arrogant with the process.

Genuinely 99% of the time things go lovely and smooth...

lilyloo17

Ok thanks for your reply, fingers crossed i'm in the 99% then !! Think i still need a glass of wine to help my nerves. I can't not worry until we have the keys !! thanks again

GMS

Unfortunately due to the blame society we live in people are reluctant to say 100% that something will happen when it is out of their control.

Your solicitor has probably already requested the funds and fully expects them to be in place as required. However there may well be a banking collapse, computer glitch, or any other event which prevents it.

Having a client on the phone saying 'You told me it would definitely happen' is no good for anybody.

Throw caution to the wind and have the whole bottle of wine! Don't worry about it, I am sure it will all be fine.

lilyloo17

Haha thanks gms ! Yes you've convinced me to have the whole bottle.
Ok it's not that i want him to tell me 100% guaranteed it will be there no matter what. More reassurance the request has gone in, NW have confirmed receipt and there are no foreseen problems i suppose. I keep questioning myself like when we went through all details with MA did they right down it was a gifted deposit so nationwide are aware of this ? It's not gonna be a shock when they get the cot and then pull out at the 11th hour. Going through every scenario in my head After this i'm never buying a house again !!!