We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. 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!

Drawing mortgage funds too early - Barclays

Hi everyone.
I have exchanged on the sale of my house with completion set 2 weeks from now.
My idiot of a buyer (and his even more idiot of a solicitor) have requested to draw mortgage funds from Barclays too early and are insisting to complete early, which I can't do. They now said they will return the funds to Barclays and re-request them for the actual completion date. OTher than the fact it's incompetence at it's finest, I'm worried that Barclays may now cancel the mortgage, delay a 2nd funds withdrawl, or just put more hurdles due to this. 

Question: what should I (they) do?

Thank you.

Comments

  • Meh123
    Meh123 Posts: 282 Forumite
    100 Posts First Anniversary Name Dropper
    It’s not an issue. They’ll just re draw them again, it happens. I used to work in conveyancing, sometimes completion dates would change due to an issue somewhere in the chain and we’d all have to do it. Barclays are a business, they’re not going to throw away 10’s or potentially 100’s of thousands of pounds away due to a basic mistake. 
  • Barcalys allow funds to be re-drawn within 21 or 28 days (cant remember which) and dont require any further information.   Happened to me a few times over lockdown with failed simultaneous exchange/completion cases

    dont worry about it
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.