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Due to exchange on Monday and complete on Thursday!

ng1412
ng1412 Posts: 43
Part of the Furniture 10 Posts Combo Breaker
Forumite
in House buying, renting & selling
What do you think my chances are? Funding it by about 2/3 cash but remainder coming from two separate sources from NatWest (one is a mortgage and the other is funds being released from a remortgage). My seller is going into rented but not until Thursday so can’t push for earlier completion. Am panicking about exchanging with no guarantee funds will be cleared by Thursday if lockdown happens Wednesday. 
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Comments

  • MovingForwards
    MovingForwards Posts: 17,183
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    Forumite
    Property sales and purchases still completed when lockdown started in March.

    Most companies involved in the buying and selling of property are still working from home.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Ashworks
    Ashworks Posts: 146
    Sixth Anniversary 100 Posts
    Forumite
    Absolutely, there is no reason why it shouldn't go ahead even in full lockdown. Banks will still be working.
  • lm1981
    lm1981 Posts: 79
    Fifth Anniversary 10 Posts
    Forumite
    I was thinking same thing , we are due to move following week.

    will moving companies still operate and what about van hire places?
  • frenchbaguette
    frenchbaguette Posts: 19
    Second Anniversary Name Dropper First Post
    Forumite
    We are suppose to exchange Monday, complete Friday. I'm so so gutted! I desperately hope we can still go ahead.
  • ng1412
    ng1412 Posts: 43
    Part of the Furniture 10 Posts Combo Breaker
    Forumite
    My seller has a removal can booked for Thursday (completion day). So technically I could complete and not be able to move my stuff in as she will still be there with all her stuff. Should be interesting! 
  • ng1412
    ng1412 Posts: 43
    Part of the Furniture 10 Posts Combo Breaker
    Forumite
    *van not can! 
  • movingon2020
    movingon2020 Posts: 45
    10 Posts
    Forumite
    We are completing on Thursday as well although we are moving out a day earlier. I am OK with our removals, hope the buyer can still go ahead on Thursday.
  • onyx911
    onyx911 Posts: 108
    Third Anniversary 10 Posts Name Dropper Combo Breaker
    Forumite
    ashleighduguid said:
    My partner works for a removal firm and as far as we are aware it is business as usual for them. So there shouldn’t be any problems for you on that front! 
    Good to know!
  • badger09
    badger09 Posts: 11,877
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    ashleighduguid said:
    My partner works for a removal firm and as far as we are aware it is business as usual for them. So there shouldn’t be any problems for you on that front! 
    Very reassuring, thank you.
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