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Question on completion (remortgage)
alexthepenguin
Posts: 32 Forumite
First time remortgager here.
My current fixed deal will come to an end on 31 August. I’ve already arranged a remortgage with a new lender and have returned the signed mortgage deed form. However, I am not sure how completion work. Can my solicitor complete for me before 31 August or can they only complete on 31 August (or 1 Sept??). I'm hoping this could be done without delay as I don't want to pay the SVR to my existing lender which is really high.
Just a bit nervous as I’m also using this remortgage to pay back my help to buy equity loan – does that have to happen on the same day too? I guess it does as otherwise I wouldn’t have the money.
Many thanks.
My current fixed deal will come to an end on 31 August. I’ve already arranged a remortgage with a new lender and have returned the signed mortgage deed form. However, I am not sure how completion work. Can my solicitor complete for me before 31 August or can they only complete on 31 August (or 1 Sept??). I'm hoping this could be done without delay as I don't want to pay the SVR to my existing lender which is really high.
Just a bit nervous as I’m also using this remortgage to pay back my help to buy equity loan – does that have to happen on the same day too? I guess it does as otherwise I wouldn’t have the money.
Many thanks.
0
Comments
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You specify you want the remortgage done for the day after your ERC's are no longer applicable.0
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alexthepenguin wrote: »Can my solicitor complete for me before 31 August or can they only complete on 31 August (or 1 Sept??).
Will be 1st September unless you wish to pay the early repayment charge.0 -
Thank you guys!0
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