Are you considering buying or selling a property for the first time? You might need some assistance in understanding certain aspects of this process. One of the main stages is the completion date, and it might be causing you some confusion around when the property is free for moving in for the buyer or vacating for the seller. To put your mind at ease, this is Aussie’s brief outline of what happens at the completion date stage.
What Happens on Completion Day? –
Completion day is when all the money moves across from the buyer to the seller. And if everything goes to plan, you can pick up the keys to your new home. The date for the completion is set from discussions between both parties’ solicitors once an agreement happens on the property’s selling price. As the name suggests, this is the final piece of the puzzle, and the homeownership officially transfers.
If you’re purchasing a property via a mortgage, the lender will be an important player in this process. And only when the lender receives a Certificate of Title from your solicitor can they release the funds for the transaction. The Certificate of Title is a document that gives a thorough history of the property’s ownership, including a complete legal description of the building.
However, there is something critical that any prospective homeowner needs to be mindful of. The lender reserves the right to withdraw their funding approval if they believe the borrowing party is no longer a safe commitment. They will undertake one final check to see if your circumstances are the same. So, make sure that your finances are in good order up until the completion day. Don’t take out any new credit or debit orders that may strain your finances.
When the final checks are over, and the money transfers to your solicitor, they will then pass on the funds to the seller’s solicitor. When these funds reflect in the appropriate bank account, the purchase is complete, and you can discuss the arrangements for collecting the keys to your new home. You can then officially let out a sigh of relief and put some bubbly on ice to celebrate later.
Best Day of the Week to Move House –
There are several factors to take into consideration here, but we’re going to give you our suggestion for the ideal moving day first. The Aussie team suggests that you book your relocation on a Tuesday, Wednesday or Thursday. This might come as a surprise because Fridays and Mondays are the most sought-after days for removals bookings. But we assure you, there’s a method behind this.
Yes, Fridays make a lot of sense when you think about it. If you book a day off work, you’ll have the rest of the weekend to unpack and organise at your own pace. However, due to the massive popularity of Friday moves, it also means we book up quickly on these days. Not to mention the other problematic issue of traffic jams that occurs more on Fridays as people scramble to leave work earlier.
Monday is the second most popular day of the week to move house, for much the same reasons as Fridays. You can move over the weekend and use the Monday as an extra day to settle into your new house or apartment. And you have to remember that you’re also vacating a property while moving into another one. This is why the days either side of the weekend tend to book us quickly.
At Aussie, we often reduce our prices for mid-week removals if we have lots of vacant spaces. This can save you money, and you’ll have the pick of the most suitable times for your relocation. Furthermore, if you set your completion date for earlier in the week and a problem arises, it’s better for it to happen on a Tuesday rather than Friday. This will give you time to rectify any payment issues to avoid delaying your ability to move into your new home.
Aussie Man & Van – Helping People Relocate with Ease in London –
Moving to a new home is never easy, and you’ll need to accept any good advice when you find it. At Aussie, we have been operating in London for nearly twenty years. And many of our team have experience in this industry that stretches beyond that. We consider our crew to be experts in everything and anything removals, and every suggestion we make is made with our customer’s interests in mind.
For us, a successful relocation stems from the thorough organisation and leaving nothing to chance. This includes choosing the right day of the week to undertake your relocation, in addition to any individual specifications. Your completion date will tie in with the day of your relocation, and we believe that it’s sound advice to give yourself time to deal with any potential hiccups.
Aussie Man & Van operates with a ‘can-do’ ethos that acts as the foundation of everything our company provides. We believe that a happy customer will feel complete satisfaction with every stage of their relocation. That’s why we’re always available to chat to if you need us, regardless of whether you’re seeking quotes or calling to confirm everything the day before the big move.
If you’re planning a relocation in London and you’d like advice on completion dates and the best day to book your move, contact us today. We’ll happily go into more detail about or range of services.