Reasonable to delay exchange and completion?

Myci85

ryanm8655 said:

Angelica123 said:

ryanm8655 said:

Thanks for the replies all. Too many to quote them all now (manic couple of days at work) but I have read them and they’re all useful perspectives.

A few things to clarify. Yes all of my searches are done, they take about 6 weeks here and came back almost bang on time.

Secondly, the house isn’t empty. The vendors are buying a vacant property. 

Having reviewed the enquiries the solicitor have a few follow ups, so things may be delayed a little longer anyway.

Not had the contract from solicitor thus far. Hopefully it arrives tomorrow as otherwise I won’t be able to sign for a couple of weeks, unless I can sign it online?

Most of my deposit is in a LISA, so I think that necessitates a bit more of a gap between exchange and completion for funds to clear?

Finally, there is an item that the vendors have agreed to leave but wasn’t on the TA6, is it sufficient to have an email confirming it will be left or does it need to be built into the contract?

Thanks!

If your solicitors still have some enquiries - that can sometimes take a while. Took me another 6 weeks after searches came back for all enquiries to be satisfied. Depends on complexity of the enquiries. 

The contract will need a wet signature. For various documents you will need a witness to the signatures. Often they will email the documents and you print them out, sign and return via post (you don't need to return in person). 

As most of your deposit is in LISA, you will need  LISA funds to be withdrawn (and cleared) prior to exchange (rather than waiting for completion). Make sure to remind your solicitors that you have funds in LISA as it can take a bit of time for funds to be released. 

That's really helpful - thanks. I'll be able to get a family member to print and bring in/post so that shouldn't be a hold up.

Didn't realise that re: LISA, I thought the non-LISA funds are released for exchange and the bonus follows in time for completion? I'll make sure to remind them anyway.

Thanks,
Ryan

Your LISA bonus should be sat with the funds you've paid into that account. With ours the bonus was added approx 1 month after money we added each time. The solicitor then just requests the full amount using the forms you each fill in. 
The official line on ours was that it could take up to 30 days to be paid out to them, so I was panicking a bit when we all of a sudden had less than a week before the preferred completion date, but in reality they got the money through in days.