How long after signing contracts can you complete?

Nile_E_Coyote

Wil probably be signing all contracts at the solicitors next week. No chain involved and the house is vacant.

Realistically how long does it take to arrange completion day?

davidmcn

Anything between minutes and months (or never), it depends what else is still to be done.

Nile_E_Coyote

davidmcn said:

Anything between minutes and months (or never), it depends what else is still to be done.

Promising then. I think there's just our revised mortgage offer to come back and then all signatures.

macman

I assume you mean from exchange of contracts, not signing? Signing can be done at any time after the contract is drafted, but it doesn't mean that you are ready to exchange.
A lot of conveyancing is being done at present on same-day exchange and completion, due to the to the risks of covid. In your situation, the gap can be minimal, assuming your funds are in place.

Nile_E_Coyote

macman said:

I assume you mean from exchange of contracts, not signing? Signing can be done at any time after the contract is drafted, but it doesn't mean that you are ready to exchange.
A lot of conveyancing is being done at present on same-day exchange and completion, due to the to the risks of covid. In your situation, the gap can be minimal, assuming your funds are in place.

I'm assuming we will be exchanging and completing simultaneously with it being a straight forward purchase. 

I just wasn't sure if the lender needed so many days notice for releasing funds etc.

Irishpearce26

Nile_E_Coyote said:

macman said:

I assume you mean from exchange of contracts, not signing? Signing can be done at any time after the contract is drafted, but it doesn't mean that you are ready to exchange.
A lot of conveyancing is being done at present on same-day exchange and completion, due to the to the risks of covid. In your situation, the gap can be minimal, assuming your funds are in place.

I'm assuming we will be exchanging and completing simultaneously with it being a straight forward purchase. 

I just wasn't sure if the lender needed so many days notice for releasing funds etc.

Have the searches been done? Have the enquiries been answered? This will ultimately decide when you're likely to complete. We signed our contracts about 5 weeks ago but waiting on the enquiries to be answered. 

Nile_E_Coyote

Irishpearce26 said:

Nile_E_Coyote said:

macman said:

I assume you mean from exchange of contracts, not signing? Signing can be done at any time after the contract is drafted, but it doesn't mean that you are ready to exchange.
A lot of conveyancing is being done at present on same-day exchange and completion, due to the to the risks of covid. In your situation, the gap can be minimal, assuming your funds are in place.

I'm assuming we will be exchanging and completing simultaneously with it being a straight forward purchase. 

I just wasn't sure if the lender needed so many days notice for releasing funds etc.

Have the searches been done? Have the enquiries been answered? This will ultimately decide when you're likely to complete. We signed our contracts about 5 weeks ago but waiting on the enquiries to be answered. 

All searches and enquiries done yeah. Only hold up has been getting trades to quote for work needed after the survey. Finally got quotes and negotiated a new price.

macman

Nile_E_Coyote said:

macman said:

I assume you mean from exchange of contracts, not signing? Signing can be done at any time after the contract is drafted, but it doesn't mean that you are ready to exchange.
A lot of conveyancing is being done at present on same-day exchange and completion, due to the to the risks of covid. In your situation, the gap can be minimal, assuming your funds are in place.

I'm assuming we will be exchanging and completing simultaneously with it being a straight forward purchase. 

I just wasn't sure if the lender needed so many days notice for releasing funds etc.

The only people who can tell you are the 2 conveyancers, and your lender.

davidmcn

Nile_E_Coyote said:

macman said:

I assume you mean from exchange of contracts, not signing? Signing can be done at any time after the contract is drafted, but it doesn't mean that you are ready to exchange.
A lot of conveyancing is being done at present on same-day exchange and completion, due to the to the risks of covid. In your situation, the gap can be minimal, assuming your funds are in place.

I just wasn't sure if the lender needed so many days notice for releasing funds etc.

When your solicitor requests the loan funds isn't necessarily related to when you sign anything.

tigerlily74

Nile_E_Coyote said:

macman said:

I assume you mean from exchange of contracts, not signing? Signing can be done at any time after the contract is drafted, but it doesn't mean that you are ready to exchange.
A lot of conveyancing is being done at present on same-day exchange and completion, due to the to the risks of covid. In your situation, the gap can be minimal, assuming your funds are in place.

I'm assuming we will be exchanging and completing simultaneously with it being a straight forward purchase. 

I just wasn't sure if the lender needed so many days notice for releasing funds etc.

5 working days to release funds seems to be typical.

oniongirl

We signed our contracts in November. Completing this Friday.

Literally as long as a piece of string.