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When will I complete??

goodison12
goodison12 Posts: 41 Forumite
in Mortgages & endowments
Mortgage offer letter in, searches should be completed by Wednesday all paperwork complete and chain either end. I am hoping for the 1st April as this is the date we have to move out of rented house. What do you think?
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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Have you asked your solicitor when you might be in a position to exchange contracts?
  • goodison12
    goodison12 Posts: 41 Forumite
    They don't tell me anything I ring most days and won't commit till searches are back :-(
  • goodison12
    goodison12 Posts: 41 Forumite
    That should say NO chain either end!
  • betmunch
    betmunch Posts: 3,126 Forumite
    goodison12 wrote: »
    They don't tell me anything I ring most days and won't commit till searches are back :-(

    How long do the searches take in your area.

    Not long ago down here it was 9 weeks
    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.
  • lovinituk
    lovinituk Posts: 5,711 Forumite
    1,000 Posts Combo Breaker
    You may as well ask what Saturdays lottery numbers are going to be. No-one here can answer that for you. What if one of the searches throws up something untoward for starters! This is why your solicitors won't commit - they don't have a crystal ball either.
  • goodison12
    goodison12 Posts: 41 Forumite
    I understand something might come up on the searches but if all is ok I was thinking when it might be. No need for your wit or lack of it!
  • lovinituk
    lovinituk Posts: 5,711 Forumite
    1,000 Posts Combo Breaker
    goodison12 wrote: »
    I understand something might come up on the searches but if all is ok I was thinking when it might be. No need for your wit or lack of it!
    Oh ok, sorry. I reckon you'll be good to go at 3:45pm on Thursday 21st April.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    goodison12 wrote: »
    They don't tell me anything I ring most days and won't commit till searches are back :-(

    That's because they don't know. Given we've 2 bank holidays between now and the 1st. I would err on the side of caution and assume you won't. The other parties in the chain have to be in a position to exchange and complete as well.
  • Debtslayer
    Debtslayer Posts: 447 Forumite
    Personally I would say 1st April is highly unlikely considering:
    A) it's only a week and half away
    B) the amount of work solicitors etc have on at the moment with people trying to complete by 1st April before new stamp duty rules come in

    Ours was no chain and took 11 weeks from offer to keys.

    You say you have to be out of your rental property 1st April but have you given notice? Been given notice?
    Do you have option to stay a bit longer?
    Current Mortgage 01.10.17 £113,513.88
    MFW Start Mortgage: £114,794.64
    Current MED: 2036:eek: Target MED: 2026 ;)
    Overpayment Target for remainder of 2017: £2,000
    Mortgage overpayment savings: £684.80
    MFW No 124 :money:
  • goodison12
    goodison12 Posts: 41 Forumite
    Solicitors submitted the searches on the 9th March and estimated date for these coming back are tomorrow. The sellers are ready to go as no chain and as far as I know all papers have been signed
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