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Nationwide & HTB: How long does it take solicitor to call off funds
ethank
Posts: 2,197 Forumite
Our developer wants us to exchange tomorrow and complete this Friday.
How quickly will Nationwide and Help to Buy provide funds to my solicitor for new build property?
How quickly will Nationwide and Help to Buy provide funds to my solicitor for new build property?
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Comments
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2 days seems rather unlikely, just thinking logically. The funds aren't guaranteed to hit your sol's account in time (I think even via faster payment it might take up to 7 days). There has to be some communication between Nationwide, the Homebuy agent and the sol, I guess, which will take time. Hope it does work out, but I would be very sceptical myself...
Also, during our application, Nationwide has been taking around 2 days to even process any information and queries sent their way...0 -
Hi. Funds are always sent by CHAPS I believe?0
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Hmmm, seems CHAPS sent before 2 or 3 PM (depending on the bank) should hit the other account/bank same day, BUT it isn't guaranteed the receiving bank will actually credit it to the receiving account that day... Seems that can take 2 working days in some cases (had to google that ^^)0
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HTB takes 5 days for fundsDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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