Natwest exchange and completion

Lovem

Hi,
Can someone please tell me how long Natwest require between exchange and completion? we are looking to complete the 20th but I saw a passing comment that Natwest require 7 working days so this would being it to the 8/9th for exchange.

Can anyone tell me if Natwest do require 7 working days to release funds for completion?

lee111s

Have you asked Natwest?

Lovem

We have asked our broker but no reply ( gone on holiday)

kingstreet

TBH once we get to the issue of the mortgage offer, the solicitor pretty much takes over. On the odd occasion we might be dragged into post-offer stuff that's frankly nothing to do with the broker.

In this instance, I have no idea what periods any lender needs from receipt of certificate of title to completion.

Lovem

kingstreet wrote: »

TBH once we get to the issue of the mortgage offer, the solicitor pretty much takes over. On the odd occasion we might be dragged into post-offer stuff that's frankly nothing to do with the broker.

In this instance, I have no idea what periods any lender needs from receipt of certificate of title to completion.

We don't know who to ask so the broker seemed the best option. The solicitor has not said anything about 7 working days etc

thanks for your help.

kingstreet

Just in case you didn't notice the nuance of my post, we're talking about the time between the lender receiving the certificate of title from your solicitor and completion here, not the gap between exchange of contracts and completion.

The certificate of title is the document basically ordering the money for a particular date.

That's how you can exchange contracts and complete on the same day.

c.redfern

they take 5 days were completing next week with them

Landofwood

I exchanged and completed with a 5 day gap.

jodles16

We exchanged and completed on the same day back in Sept last year with Natwest...perhaps it was different then!

Jodles

Landofwood

It's the time it takes from the certificate of title to completion that is meaningful.

It's possible for the solicitor to request the funds before Exchange, therefore the gap could be x days.

WillyWonga

Went through Natwest last October. My solicitors tried to exchange on the Fri and complete on the Tuesday. It was my house builder (Bellway) that said they required 5 working days between exchange and completion at the last minute. My sols had already requested the funds but were allowed to hold onto them for a couple of days to give them the 5 days.