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Nationwide mortgage question

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Hi,

Does anyone have any experience in how long the finance took to come through to the solicitors. Our solicitor has said that Nationwide normally take a while to transfer the money and we can speed up the process by paying an extra £25.
Our vendors want to complete at the end of the month which would also be suited to us but not essential as we have to serve notice on our flat.

Comments

  • kingstreet
    kingstreet Posts: 39,269 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Usually about five days notice is needed between the solicitor sending the report on title and the lender sending the money
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • shonzyd
    shonzyd Posts: 303 Forumite
    OP my solicitor has given them notice today and completion is due next thurs - so that was a weeks notice. Received a text from nationwide to confirm.

    Just to give you an idea
    Trainee Building Surveyor


    DIP 12/02/13 - Mortgage application 13/02/13 - Valuation 14/02/13 - Valuation OK 22/02/13 - Mortgage offered 05/03/2013 - Completion 22/03/2013

    FINALLY IN MY FIRST HOME
    !!! WAHOOOOOOO! :beer:
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