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At the final hurdle - completion!!
chazandlola
Posts: 7 Forumite
Hello all 
So..... after 5 long months we are due to complete on our property next Wednesday and I was just wondering what happens on completion day, do I just wait in, waiting for the phone to ring? We're at the top of our chain so heard we may have keys before lunch??
FTB here and so glad this drawn out, excruciating process is almost over :T
So..... after 5 long months we are due to complete on our property next Wednesday and I was just wondering what happens on completion day, do I just wait in, waiting for the phone to ring? We're at the top of our chain so heard we may have keys before lunch??
FTB here and so glad this drawn out, excruciating process is almost over :T
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Comments
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Your solicitor sends the money to the vendor's solicitor's bank account and the vendor's solicitor confirms to the vendor and to the selling agent that completion has taken place and keys can be released.
You may wish to establish the day before what the arrangements are for key collection.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 -
Surely if you are a FTB you are at the bottom of the chain?If you dont know where you are going... Any road will take you there :rotfl:0
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Top? Bottom? who cares?! Just relieved that we finally get the keys to our little house after all this waiting 0
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Hope it all goes well for you and you enjoy your new house.0
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I'm not sure of the chain order in terms of completion but your solicitor wil let you know when completion has happened. Usually you can then collect the keys from the EA.
Insanely jealous that you have made it to the finish line!!0 -
Thank you! Although there were times when I thought it would never happen, we had major issues with land not being registered and needing to be registered before we could purchase, nightmare after nightmare after our offer was accepted back in January!!!... but we got there in the end
The EA are not local so I'm guessing the keys will be collected from solicitors but will ring them the day before completion to confirm.0 -
The purchaser's solicitor can only say the money has been sent. He can't confirm it has been received and he can't confirm completion. That has to be done by the vendor's solicitor who will receive the purchase monies and sanction key release.your solicitor wil let you know when completion has happenedI 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 -
Congraulations!! We have also had a long wait - our offer accepted end of December and due to problems with work on the property and terrible solicitors... but we seem to be moving along the last few stages now - just waiting for contracts to be finalised and we can get signing!!0
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