If you are planning on Moving house on a Friday in Nottingham then we have some useful advice for you
If you are moving house on a Friday in Nottingham or Nottinghamshire you are probably going to want to complete your purchase or sale on a Friday.This is a perfectly reasonable choice, as it allows for the weekend to move in, so you can take less time off work. This will generally fit in with what most estate agents, banks, solicitors in the chain wants and probably 80% – 90% of conveyancing sale and purchase completions do take place on a Friday.
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Completion day when moving house on a Friday in Nottingham
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[icon type=”vector” icon=”momizat-icon-301″ size=”24″ icon_color=”#f48a00″ ]On the day of completion, the purchase money needs to be transferred by electronic transfer (telegraphic transfer) from the purchaser’s solicitor to the seller’s solicitor.
[icon type=”vector” icon=”momizat-icon-301″ size=”24″ icon_color=”#f48a00″ ]Once it arrives, and the transaction is complete the purchaser is entitled to take full possession of the property (which will mean the seller will have to move out).
[icon type=”vector” icon=”momizat-icon-301″ size=”24″ icon_color=”#f48a00″ ]If there is chain of transaction then the money needs to be moved from solicitor to solicitor. It can not be transferred directly from the start of the chain to the end.
[icon type=”vector” icon=”momizat-icon-301″ size=”24″ icon_color=”#f48a00″ ]A telegraphic transfer is only guaranteed to arrive at its destination account on the same day it is sent. It is not instant and will take several hours or so.
[icon type=”vector” icon=”momizat-icon-301″ size=”24″ icon_color=”#f48a00″ ]Added to this the latest time by which solicitors can transfer money is usually 15:30, although the money might arrive with the solicitor in the chain before 17:00 meaning his sellers client is obliged to move out that day, he may not be able to transfer money to the solicitor acting on his client’s purchase
[icon type=”vector” icon=”momizat-icon-301″ size=”24″ icon_color=”#f48a00″ ]Generally when moving house on a Friday in Nottingham the longer the chain the greater the chance that the whole chain may not be completed within one day.
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If your only option is moving house on a Friday in Nottingham here are some tips to help you run your day more smoothly
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[icon type=”vector” icon=”momizat-icon-247″ size=”24″ icon_color=”#f48a00″ ]Make sure all money is with your solicitor on Thursday, so your solicitor can transfer your money first thing.
[icon type=”vector” icon=”momizat-icon-247″ size=”24″ icon_color=”#f48a00″ ]If you are buying and not selling, you don’t actually have to move in on the same day you complete, try completing on a Thursday and moving out on the Friday.
[icon type=”vector” icon=”momizat-icon-247″ size=”24″ icon_color=”#f48a00″ ]Ask your solicitor to order the mortgage money to arrive from your lender the day before completion. Some solicitor’s will do this any way, but not all will. This will speed up the process and allow for money to be transferred first thing.
[icon type=”vector” icon=”momizat-icon-247″ size=”24″ icon_color=”#f48a00″ ]Allow enough time between exchange and completion to arrange for a removals firm.
[icon type=”vector” icon=”momizat-icon-247″ size=”24″ icon_color=”#f48a00″ ]Check just before exchanging to be sure that your removals company is going to be available. Remember Friday is their busiest day too.
[icon type=”vector” icon=”momizat-icon-247″ size=”24″ icon_color=”#f48a00″ ]Keep in contact with your conveyancer so you are aware as early as possible of any potential problems so that you can be prepared eventuality of late completion.
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