We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
When do you officially own the house?
Comments
-
So this guy (as nice as he is), has no right to still have a set of keys and be there in the house, in the afternoon?
Correct. There should be a specific term in the contract stating that he/they should deliver up all keys when completion has taken place. There is in Scots contracts (missives)0 -
When we bought our first house, our vendors had totally underestimated the time needed to move out. They stored some stuff in the garage and by mutual agreement came and took it away at a later date. Keys weren't involved.
We'd worked out how honest and trustworthy they were. Thinking about it at a later date, at that point we were moving from rented to owned accommodation. Moving from owned property to new property we'd possibly be more concerned now.There is no honour to be had in not knowing a thing that can be known - Danny Baker0 -
bring a box of lightbulbs and bog roll too"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
All your solicitor can do is say he/she has sent the funds.emmatthews wrote: »You own the house once your Solicitor has told you that you have completed.
Key release is notified by vendor's solicitor on receipt of funds.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Disregarding the official position, are you actually moving in on completion day? If you are then you'll need as much time as you can get, so if you own the house at 1pm the seller should be out no later than that. But if you're just collecting keys you can afford to be more flexible, just make sure that you go to the house once you know the seller has left to make sure everything that you expect to be there is there, take meter readings, and lock up (you might even want to change the locks then as G_M recommends).0
-
You could say six o'clock is fine but you'll be moving a few bits and pieces in as soon as you get the keysGather ye rosebuds while ye may0
-
In about 25 years when you make the last mortgage payment0
-
Do you fully 100% own the house when you pick the keys up from the solicitors/estate agent?
I ask, because I'm set to pick the keys up on a house at 1pm and the seller has said (on a call to me) to come to the house for 6pm as he has some bits to finish moving out.
Ask your Solicitor what time was entered on the Contract. If the Seller can't give you vacant possession by that time he is in breach of Contract.Back for the No Buying Toiletries challenge. I pledge to only buy when I run out of a product that is not already in my stash no matter what wonderful emails land in in my Inbox or threads I read on MSE re: glitches!
SPC Member 046
£2. Challenge member 550
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards