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Money held by bank on completion day
powerful_Rogue
Posts: 8,659 Forumite
Afternoon all!
Exchanged yesterday, completion is today.
Received message from my soliciator today that completition has happened. Can also see the new mortgage in my Halifax account.
Had a call from the EA - The vendors soliciator has not received the money as yet. They are not sure if there is an issue with Barclays, or whether it has been held for a Money Laundering Check. The vendors soliciator still believes completion will take place today, but obviously can't complete until he sees the funds in his account.
Any idea what happens in this situation if the bank don't resolve this by close of play? Cautious that they close in 3 hours and then it's the weekend.
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Comments
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It's the solicitors who determine whether completion has happened, why is the EA getting involved? What is your solicitor saying? Bank transfers happen any time during the working day, there's plenty of the afternoon left.0
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You will have to sit it out and wait.Mine was ment for completion on the Friday, but wasn't completed until the Monday about 11am, we had somewhere to stay in the mean time.Breast Cancer Now 100 miles October 2022 100/100miles
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As if by magic, my solicitor just called to advise the issue has been resolved!What timing!
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Congrats and enjoy your new home! I know the days around completion are like a pressure cooker1
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