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Completion date confusion!

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Comments

  • nik_k
    nik_k Posts: 301 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    19 Dec is a Thursday. Maybe the OP doesn't like Thursdays
  • p00hsticks
    p00hsticks Posts: 14,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chunkytfg wrote: »
    I would hazard a guess as the reason for the reluctance on the 19th december is nothing more than not wanting to move so close to Xmas? Personally i'd say thats a great time to move. Realistically you'll already have time off work booked for xmas allowing yourself to sort the house out at a much slower relaxed pace.


    If the 19th was a Friday I'd agree with the OP that it'd be a date to avoid, as if there were any problems on the day with the completion then the extended Xmas holiday could see them continue into the New Year. But checking my calendar it's a Thursday, so you've got the Friday as contingency if needed.
  • -taff
    -taff Posts: 15,585 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    19th December - It's either the End of the World or the date of the new zombie apocalpse, can never remember which one....
    Non me fac calcitrare tuum culi
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    -taff wrote: »
    19th December - It's either the End of the World or the date of the new zombie apocalpse, can never remember which one....
    No, that's the previous Thursday.
  • newsgroup_monkey
    newsgroup_monkey Posts: 849 Forumite
    Am I confused here, but people are talking about chains?
    I thought that the OP was buying a new house and giving their house as part-exchange.
    Therefore there is no chain at all (other than one that the part-exchange company is involved in, but that has little to do with you).


    I also though that the whole point of part-exchanging on a new build was that it was done very quickly?
    FWIW, with my most recent mortgage (effectively as a FTB even though I'm not), from application to mortgage offer was 6 working days. That was without an Offer In Principle in place.


    7 weeks seems fairly reasonable. We have no backwards chain and a single forward chain (Vendor is buying a new build that's ready to move in). From offer to completion is likely to be around 8 weeks. If searches hadn't taken so long (not relevant in this case), I could have quite happily completed in 4.
    The smaller the monkey the more it looks like it would kill you at the first given opportunity.
  • kingstreet
    kingstreet Posts: 39,448 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The OP is buying a part-ex and has made no mention of their position so we have no way of knowing the extent of any chain.
    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.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    edited 31 October 2019 at 5:09PM
    newsgroup_monkey wrote: »
    am i confused here, but people are talking about chains?
    you are confused.

    i thought that the op was buying a new house and giving their house as part-exchange.
    nope. Way i read it, OP is buying house X. House X has been PEX'd for new house). Hence OP is buying from the PEX company.

    From other posts, OP has a buyer for their house from someone who has a buyer for theirs. So, quite a chain.
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