Getting ready for completion day

This is the day that you’ve been patiently waiting for and it will be a mixture of excitement and apprehension because you are moving into a new home and starting a new chapter in your life. It is also the day that the money for the property is transferred and that you finally pick up the keys. It is completely natural to wonder what completion day will entail so here is a quick guide to help you get ready.

Buying a House

Watch out for the pitfalls

Sorry to start with a bit of a negative but it’s better to be forearmed and forewarned. Whilst completion day, in the vast majority of cases, goes without a hitch, there are certain situations when things may go wrong. For example, your mortgage provider may not transfer the money in time to your Solicitor (usually by 3pm) which means you may need to wait until the next day to complete your move. Another potential pitfall is being caught in a ‘chain’. If the chain somehow breaks down, such as someone backing out at the last minute, you could be back to square one. Don’t worry, this is fairly unusual so don’t have sleepless nights about this.

Good communication your Conveyancer

Your conveyancer should keep you informed regarding completion and keep you updated every step of the way. Having good communication with your conveyancer means that you shouldn’t get any nasty surprises.

On completion day, make a call to your conveyancer and ask what time the transfer is expected to take place. Follow up this call if necessary to check that everything is on track. You want the funds to go through before 3pm otherwise you will have to start again the following day and that’s a scenario nobody wants.

Good communication is essential in this situation. By maintaining regular contact with your conveyancer, you can make sure that everything is running smoothly and avoid any potential pitfalls,

Picking up the Keys

After successful completion, you will need to pick up the keys to your new home so it makes sense to plan for this in advance of completion day. Usually, you can collect the keys from your estate agent or you can make arrangements with the previous owner to collect them at a mutually agreed time.

Completion day should hopefully be an exciting and not a stressful occasion. Just be mindful of the potential hitches and do as much as you can to mitigate any potential problems by being proactive and keeping in contact with your conveyancer. If you do this, you should find it all goes swimmingly!