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Ordering Furniture for a house
iKarlCPFC
Posts: 36 Forumite
Hi All,
Might be a dumb question, can I assume that once we've exchanged contracts that it would then be safe for me to order things like sofa, bed/matress using credit or would it still be advised to wait until completion to do this?
Cheers.
EDIT: Question answered. Thanks for the help.
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Comments
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No it wouldn't be safe to order things on credit after exchange, that's a material change of circumstances and would have to be reported to the lender.
Wait until completion or pay cash.Mortgage started 2020, aiming to clear 31/12/2029.3 -
Wait for the day of completion, safer, unless your paying cash or a cash buyer"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
If you're ordering furniture with a long lead time, with some retailers you can pay a deposit in cash, and once you have completed the house purchase you can convert the purchase to the credit/finance option. We did this recently with DFS - we paid a 10% deposit cash for our sofas (12-14 week lead time), and once we completed the purchase we ended up paying off the balance (paying for it via credit/finance was an option but we saved money elsewhere and decided it was easier just to pay the purchases off).0
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Oh that's really interesting. I'll llook into that.
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