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Help: Halifax not sent funds and meant to complete on monday

SR1
SR1 Posts: 147 Forumite
in Mortgages & endowments
My solicitor hasn't exchanged today because my mortgage funds from the Halifax haven't come through for Monday , my broker said my solicitor informed his office completion was Tuesday , but my solicitors is still aiming for Monday despite the funds showing up. Surely my solicitor wouldn't be so incompetent as to get the date wrong , my broker said Halifax send funds the day before completion, please someone put my mind at rest

Comments

  • Contemptuous
    Contemptuous Posts: 516 Forumite
    It sounds like your solicitors have asked for the money on the wrong day.

    If it arrives in their account early enough on Monday then completion is still very much possible.
    Slummy mummy!
  • Voyager2002
    Voyager2002 Posts: 16,349 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Yet another reason why you should leave a bit more time between exchange and completion... lots of things (like sending money) have to happen during this period, and you should leave a bit of time for things to go wrong.
  • SR1
    SR1 Posts: 147 Forumite
    Yes we had agreed with ours the 12th but others in chain pushing for sooner , surely the solicitor couldn't have got it wrong ? That would be really incompetent
  • Nick_C
    Nick_C Posts: 7,634 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    You shouldn't need mortgage funds to exchange. You only pay the deposit, which normally comes from your own funds. If you are in a chain your buyer's deposit is used as part payment.

    The mortgage funds are only normally received on completion day.
  • Goldiegirl
    Goldiegirl Posts: 8,807 Forumite
    Part of the Furniture 1,000 Posts Rampant Recycler Hung up my suit!
    It shouldn't be a big deal.

    Halifax can send the money by CHAPS if necessary.

    Even back in the olden days, a solicitor could collect a completion cheque from a local branch, so a completion could take place at short notice
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
  • SR1
    SR1 Posts: 147 Forumite
    Nick_C wrote: »
    You shouldn't need mortgage funds to exchange. You only pay the deposit, which normally comes from your own funds. If you are in a chain your buyer's deposit is used as part payment.

    The mortgage funds are only normally received on completion day.

    Yeah that what I thought , unless they know they've messed up and are just covering themselves
  • SR1
    SR1 Posts: 147 Forumite
    Do you think if there was a problem eg they'd changed their mind , I would know about it by now ?
  • SR1
    SR1 Posts: 147 Forumite
    Anyone ? ???
  • Mortgage_Mark_2
    Mortgage_Mark_2 Posts: 857 Forumite
    Ask your solicitor! Anything that anyone on here says would be pure guesswork.
    I am a mortgage adviser.
    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.
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