Same day Exchange & Completion

Amy32

Rosemary1982 said:

Hello, I had an offer withdrawn after issued by Santander with no reason given and no change in circumstances.  I’m now in the process of porting my current mortgage with NatWest to the new property and am insisting on an exchange and complete  on same day. We have no chain as property we are buying is empty so no reason we cannot do this.  The reason for the gap in exchange and complete is usually in place where there is a chain so all parties can prepare for completion. 

Was this after you had exchanged contracts? 

Rosemary1982

Amy32 said:

Rosemary1982 said:

Hello, I had an offer withdrawn after issued by Santander with no reason given and no change in circumstances.  I’m now in the process of porting my current mortgage with NatWest to the new property and am insisting on an exchange and complete  on same day. We have no chain as property we are buying is empty so no reason we cannot do this.  The reason for the gap in exchange and complete is usually in place where there is a chain so all parties can prepare for completion. 

Was this after you had exchanged contracts? 

No because had it been so I would have lost my deposit.  It was a couple of weeks after I received the offer they decided to withdraw it but close to exchange.  I will be making a complaint in due course but my priority at the moment is securing my house via a different mortgage!

Amy32

Rosemary1982 said:

Amy32 said:

Rosemary1982 said:

Hello, I had an offer withdrawn after issued by Santander with no reason given and no change in circumstances.  I’m now in the process of porting my current mortgage with NatWest to the new property and am insisting on an exchange and complete  on same day. We have no chain as property we are buying is empty so no reason we cannot do this.  The reason for the gap in exchange and complete is usually in place where there is a chain so all parties can prepare for completion. 

Was this after you had exchanged contracts? 

No because had it been so I would have lost my deposit.  It was a couple of weeks after I received the offer they decided to withdraw it but close to exchange.  I will be making a complaint in due course but my priority at the moment is securing my house via a different mortgage!

Good luck!