Mortgage completion delayed due to AGL takeover.


I am hoping for some advice. My new mortgage was due to complete last Friday (30/06) using Alexander Grace Law as our solicitor. There was some confusion between AGL and my current provider with the redemption statement so they didn’t complete.

I find out on Monday morning that we didn’t complete and that now AGL are no longer trading so my case has been passed to Amity Law.

 I am now almost a week on from my original completion date and I have just been ‘onboarded’ to Amity and now have to wait until our offer is changed over. I presume they mean until my new mortgage provider changes the solicitor details on my offer?

My question is, does this mean that my current mortgage is now being charged at their SVR (fixed rate ended last Friday) and I am going to get a big charge for the number of days my mortgage remains with them? 

Im feeling really frustrated to be in this situation.


  • MWT
    MWT Forumite Posts: 8,867
    1,000 Posts Third Anniversary Name Dropper
    Yes you will be on your current mortgage providers SVR for a few days, but as long as you complete soon it is only going to be a few days so the amount involved isn't going to be huge...
    You are only talking about the difference in rates between their SVR and your new lenders rate as your solicitor will not have requested the funds from your new lender yet...
  • Bananaman48
    Bananaman48 Forumite Posts: 3
    First Post
    Thank you. They just don’t seem to be in any hurry to get me to completion at the moment and it’s making me panic.

  • Bananaman48
    Bananaman48 Forumite Posts: 3
    First Post
    I am now heading into day 12 past my original completion date and am still no further forward. I have had to pay an extra £1000 on my mortgage payment as I've been moved to my current providers SVR and the redemption statement says to add a further £75 per day interest onto that figure for every day that goes past without completing.

    Amity Law are in no hurry to complete the mortgage, despite me asking every day. My case is being dealt with by one of their Directors apparently, who ignores my questions.

    My mortgage broker director sent an email yesterday asking what was happening and still nothing is moving.

    I have no idea what to do. I feel completely useless as I'm stuck in a situation that is costing me money an there seems to be nothing I can do about it.

    Can anyone provide any advice? Feeling quite desperate at this stage.
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