Certificate of Title - can completion date change?

altovey1988

Hi,

May be a silly question but our Conveyancer has agreed a completion date with us (the buyer) and the seller, and has confirmed that she has submitted the Certificate of Title.
I just want to know whether the completion date can still change at this point? It is meant to be next Friday 11th June but that's getting close and not sure what we are now waiting on, if anything

I have questioned this with my Conveyancer but they are a bit vague. We may need to cancel moving van and reschedule if Conveyancer won't or can't say to us that 11th June is set in stone

Thanks,
Lee

[Deleted User]

Are you exchanging or are you doing same day exchange/completion?

CoT can be cancelled up to funds release and if funds are received completion can be delayed by a few days before solicitor has to return them to lender and submit a new CoT

altovey1988

Hi! Thanks for your reply.

It looks like we are Exchanging and Completing on the same day.
I just don't know whether we are waiting on Mortgage people to give final approval before moving to completion, or whether submitting the CoT makes it as final as it can be? If that makes sense

[Deleted User]

submitting the CoT is the solicitor indicating that completion of the mortgage is requested.  This is usually the day before actual completion so that the solicitor can start transferring funds early on the completion day.  The lender doesnt need to do much apart from prepare funds to be sent on the requested day.  
If you are same day exchange/completion then you have no certainty of actually completing until you get the phone call to say you can collect the keys.   

Bottom of the chain will start transferring funds and as it moves up each solicitor transfers to the next level.  Once funds have been received by your buyers solicitor they confirm this to your solicitor and you exchange and complete and the same time