Mortgage funds from halifax - 16.51(no funds yet)

smacky

Hey guys

Can someone confirm , if my solicitor has requested funds from bank tomorrow , what time does generally bank transfer money to my SOL

thx

smacky

Hi,

can anyone shed some light. I am due to complete today. I just called my SOl and they said usually funds arrive a day before which should have been fri/sat, but havent arrived until now. upon calling bank said they are doing general SOL checks before releasing funds

is there anything i need to be worried about ?

i have never come across any threads with such a situation

thx

Dave_the_Ginger_Cat

Mortgage drawdowns can happen all day, though in reality, they tend to be in the morning, as they know people want to complete. Suggest either you or your broker phone the bank if you are still concerned

smacky

is it okay , if i called the bank ? i applied through broker though

smacky

is there a particular time before which we have to complete today ?
ie before 3 or something

chanz4

don't worry Halifax can do same day ones, they do have upto close of business though

_Andy_

smacky wrote: »

Hey guys

Can someone confirm , if my solicitor has requested funds from bank tomorrow , what time does generally bank transfer money to my SOL

thx

What did your solicitor say when you asked them?

smacky

chanz4 wrote: »

don't worry Halifax can do same day ones, they do have upto close of business though

understand, but isnt this a weird reason. when the funds request was placed 1 week ago

Dave_Ham

I appreciate this can be stressful and whilst this forum can be great, it also allows to much detail to those not in the industry.

If this is set for completion today and your Solicitor has confirmed this, then it is highly likely to complete this afternoon.

It could be your Solicitor just uses this answer as his get out of jail as not looking at your case and wants you off the phone.

Halifax are one of the better lenders at release of funds.

Relax - it will all happen very quickly when it does.

kingstreet

Just following on from Dave's point, it is the vendor's solicitor who confirms completion, not the purchaser's, so finding out your solicitor has sent the purchase money does not mean the keys are yours.

The selling agent has to await the call from the vendor's solicitor to confirm receipt of funds and key release authorisation.

smacky

Hi King, Dave

Thx , ill be honest, I am more concerned about the issue that the funds from Halifax hasnt arrived yet in my solicitors account. Rest i know will happen at its pace

:-( 6 months of ups n down and am really stressed about the final few minutes