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Original poster

FTB - what happens between exchange and completion?

11 replies

PurpleCatCuddles · 19/08/2022 20:10

DW and I are FTB. We exchange next Friday and complete on the 9th September. Two questions:

  • What happens between exchange and completion?
  • Can we ask for completion to be moved to the 2nd or is that not enough time to do whatever needs to happen?
Thanks!
OP posts:
HappyGoDucky · 19/08/2022 20:13

Nothing happens other than you sorting your physical move out.

You might upset your vendors if you try and change completion date. Go with the date arranged. Once you have exchanged there is no going back without great penalty. Good luck, happy moving!

FanSpamTastic · 19/08/2022 20:14

Not much happens - but people in the chain need to finalise their removals - pack etc etc. Usually the completion date is part of the contractual arrangements - so the date will have been agreed between the parties and it won't be possible to change without renegotiation.

Good luck with your new home!

Original poster
PurpleCatCuddles · 19/08/2022 20:14

HappyGoDucky · 19/08/2022 20:13

Nothing happens other than you sorting your physical move out.

You might upset your vendors if you try and change completion date. Go with the date arranged. Once you have exchanged there is no going back without great penalty. Good luck, happy moving!

Thank you - do you think it makes any difference if the house we're buying is a prior rental? It's completely empty, no one lives there. To my knowledge a brother & sister inherited it, rented it out and are now selling. So it wouldn't upset anyone else's moving date if that makes sense.

OP posts:
HappyGoDucky · 19/08/2022 20:15

Also make sure you take out buildings insurance on your new home!

Original poster
PurpleCatCuddles · 19/08/2022 20:15

FanSpamTastic · 19/08/2022 20:14

Not much happens - but people in the chain need to finalise their removals - pack etc etc. Usually the completion date is part of the contractual arrangements - so the date will have been agreed between the parties and it won't be possible to change without renegotiation.

Good luck with your new home!

Ah I see! Yes that would make a difference legally I suppose, and would probably just delay it haha, looks like it's best to hold off then!

OP posts:
Original poster
PurpleCatCuddles · 19/08/2022 20:16

HappyGoDucky · 19/08/2022 20:15

Also make sure you take out buildings insurance on your new home!

Thank you, that's one of the first things on my (maaassssive) to do list Grin

OP posts:
Thehobbit2013 · 19/08/2022 20:55

We exchanged and then completed the following day. If you haven’t exchanged yet and the house is empty why not ask if you can bring the completion date forward.

05wg · 19/08/2022 21:04

It may not affect you but there are time constraints with mortgage funds being requested and called down by solicitors. Lenders have SLA timescales on these and your solicitor will know about it.

Original poster
PurpleCatCuddles · 19/08/2022 21:16

I think we'll just wait it out - sounds like asking for it to be sooner may just delay it, and what's one more week! I think I'm just too excited for my own good Grin

OP posts:
EmpressaurusWitchDoesntBurn · 19/08/2022 21:18

PurpleCatCuddles · 19/08/2022 21:16

I think we'll just wait it out - sounds like asking for it to be sooner may just delay it, and what's one more week! I think I'm just too excited for my own good Grin

I was you just over a year ago… it’s incredibly exciting! Good luck x

MrFirstTimeBuyer · 19/08/2022 23:08

PurpleCatCuddles · 19/08/2022 20:16

Thank you, that's one of the first things on my (maaassssive) to do list Grin

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Don't forget it needs to be in place on the exchange date!

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