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Can I ask for a completion date?
FTB129
Posts: 67 Forumite
Ok so we’re in the process of a FTB,
Everything is completed (searches, queries etc) and im just waiting for the Mortgage offer to be ticked off that was issued today and then its hopefully all done (I say that now but who knows with house buying)
Can I push for a compilation date now, as my solicitor hasn’t mentioned this at all? HELP!
Many Thanks
Everything is completed (searches, queries etc) and im just waiting for the Mortgage offer to be ticked off that was issued today and then its hopefully all done (I say that now but who knows with house buying)
Can I push for a compilation date now, as my solicitor hasn’t mentioned this at all? HELP!
Many Thanks
0
Comments
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You need an exchange date first and then a completion date unless both take place on the same day.
Is it possible that your solicitor hasn't mentioned it due to the vendors position? Is it a chain free property? Has the vendors solicitor sent the contract yet?0 -
The completion date is a compromise between all the parties in the chain and can be seriously discussed when everyone has all the paperwork in place for each transaction.
When the completion date is agreed between all parties, then contracts can be exchanged.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.0 -
You need an exchange date first and then a completion date unless both take place on the same day.
Is it possible that your solicitor hasn't mentioned it due to the vendors position? Is it a chain free property? Has the vendors solicitor sent the contract yet?
Sorry yes I mean exchange date, Yep we have had the vendors contracts through too.
No she is unfortunately in a chain and apparently has brought somewhere else - hope her position hasn't changed - would i have heard by now if it had?
Thank you0 -
You don't "get" an exchange date.
The solicitors exchange contracts when everything is in place and a completion date is agreed.
The exchange date is the day they just happened to get to that stage and agreed to exchange between them.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.0
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