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How long after completion for funds.

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Comments

  • badger09
    badger09 Posts: 11,679 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    thewad said:
    Why has it stopped the transfer of the buyers funds to the seller.
    By this I assume you mean that the bank has stopped the payment of balance on completion, (after EA fees?etc) from your solicitor to you as Executor. If that is actually what was said, I’m very surprised. More likely the CHAPS cut off time was missed. 
    Has it arrived yet? 
      
  • saajan_12
    saajan_12 Posts: 5,295 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    thewad said:
    CHAPS paid......he's our solicitor who's transferring funds to us from the buyer.....I'm sure this will be sorted me just being impatient......it's been on and off for weeks now.
    There's multiple steps there, its not direct from the buyer to you. 
    buyer / lender -> buyer's solicitor
    buyer's solicitor -> seller's solicitor
    seller's solicitor -> seller

    Which of those is the bit that hasn't happened yet? If the first two, then its more serious and the buyer shouldn't have access. If the last one, then that's nothing to do with the buyer. You may have a minor annoyance with your solicitor if they could have acted a day faster, but its not material enough yet. 
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