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Delay in Completion😳
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Our mortgage company have said they sent the money before the cut-off but our solicitors are saying that the funds arrived in their account 20 minutes after the cut-off -
Who imposes the cut-off and is it consistent.
I recently transferred funds to my solicitor and they didn't arrive until 5.20pm. Luckily the solicitor didn't need to pass them on that day, but it does make you wonder whether the cut off is sometimes self imposed.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
In the firm I work at the cut off time for transferring funds is set by our bank.
We always request the funds the day before tooCurrently studying for a Diploma - wish me luck
Phase 1 - Emergency Fund - Complete :j
Phase 2 - £20,000 Mortgage Fund - Underway0 -
In the firm I work at the cut off time for transferring funds is set by our bank.
We always request the funds the day before too
This is exactly what I thought! I will have to email my solicitor on Monday to ask when this was requested - do they keep a log of what actions they complete on a case?
We received a text the lunchtime of the day of completion (21/08/15) from our mortgage company saying that they had been told that we wished to complete on 21/08/15 and that funds would be released for this date...makes me wonder if they weren't aware of this date prior to this...0
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