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Buyers reluctant to pay deposit

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Comments

  • Slips36
    Slips36 Posts: 267 Forumite
    100 Posts Second Anniversary Name Dropper
    NinjaTune said:
    Slips36 said:
    Still waiting for completion statement, completion on Friday. 
    Your solicitors are pushing it a bit - I thought your solicitors would require the remaining funds cleared in their account by tomorrow?

    I got my completion statement this morning and have started transferring money ready to complete in 2 weeks.
    Yes completion Friday, still no statement.
    whose fault will it be? 
  • oniongirl
    oniongirl Posts: 206 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    Slips36 said:
    NinjaTune said:
    Slips36 said:
    Still waiting for completion statement, completion on Friday. 
    Your solicitors are pushing it a bit - I thought your solicitors would require the remaining funds cleared in their account by tomorrow?

    I got my completion statement this morning and have started transferring money ready to complete in 2 weeks.
    Yes completion Friday, still no statement.
    whose fault will it be? 
    Yours if you haven't called and said "Where's my completion statement?"
  • Slips36
    Slips36 Posts: 267 Forumite
    100 Posts Second Anniversary Name Dropper
    What if I don’t get completion statement for Friday completion?
    will I have to pay penalty? 
  • Slips36
    Slips36 Posts: 267 Forumite
    100 Posts Second Anniversary Name Dropper
    oniongirl said:
    Slips36 said:
    NinjaTune said:
    Slips36 said:
    Still waiting for completion statement, completion on Friday. 
    Your solicitors are pushing it a bit - I thought your solicitors would require the remaining funds cleared in their account by tomorrow?

    I got my completion statement this morning and have started transferring money ready to complete in 2 weeks.
    Yes completion Friday, still no statement.
    whose fault will it be? 
    Yours if you haven't called and said "Where's my completion statement?"
    I must have called at least 10 times today but the conveyancer always on phone.
  • Slips36
    Slips36 Posts: 267 Forumite
    100 Posts Second Anniversary Name Dropper
    We only exchanged yesterday for Friday completion. 
    Still got tomorrow but leaving it late. Shall I just pay estimated amount? It’s around 23k
  • MaryNB
    MaryNB Posts: 2,319 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Slips36 said:
    We only exchanged yesterday for Friday completion. 
    Still got tomorrow but leaving it late. Shall I just pay estimated amount? It’s around 23k
    I paid my deposit (the amount above 10% required at exchange) before receiving my completion statement. I held off on paying my solicitor's fee until after I received it. 
  • Slips36
    Slips36 Posts: 267 Forumite
    100 Posts Second Anniversary Name Dropper
    MaryNB said:
    Slips36 said:
    We only exchanged yesterday for Friday completion. 
    Still got tomorrow but leaving it late. Shall I just pay estimated amount? It’s around 23k
    I paid my deposit (the amount above 10% required at exchange) before receiving my completion statement. I held off on paying my solicitor's fee until after I received it. 
    Still not received completion statement, hopefully get it tomorrow.
    what happens if I don’t?
  • homemover21
    homemover21 Posts: 12 Forumite
    Second Anniversary 10 Posts
    Why don't you send the 23k and you can get any overpayment back.
  • youth_leader
    youth_leader Posts: 2,991 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I think I'd send it now Slips36, then email the solicitor to confirm.  My solicitor gave me my completion figure plus the remaining amount due for his fee in an email.
    £216 saved 24 October 2014
  • NinjaTune
    NinjaTune Posts: 507 Forumite
    Tenth Anniversary 500 Posts Photogenic Name Dropper
    edited 3 March 2021 at 6:09PM
    Agree with the others, I'd transfer the money just to be on the safe side.

    Luckily myself and my solicitors bank with the same company so my deposit transfer was confirmed as received within 30 minutes of me sending it.  If you and your solicitor bank with different companies then it might take longer to clear.

    Personally (to stop my nerves from shredding) I'd send the funds and email your solicitors to advise them and request confirmation of receipt along with a copy of the completion statement.
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