Hi guys.
i've just recently purchased a property and have just (as of today) been unconditionally approved for my home loan. The settlement date has been set as the 4th of July on the contract, but both myself and the vendor are keen to move that date forward as early as possible. My question is, what is the best way to urge the lending bank to move the settlement date forward, like as a matter of urgency (I'll be moving twice if I can't move settlement earlier)? I have a solicitor which I'm using. Should I be using my solicitor deal with the lender to move the settlement to an earlier date or should I be chasing up the lending bank on my own?
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Browse Forums Home Finance Re: early settlement 2May 30, 2007 9:01 am email your solictor to keep them in the loop but push the lender yourself....
With something like this you need to "stay in control" so to speak. Matt Re: early settlement 3May 30, 2007 11:04 am If both parties are happy to settle earlier, you could mod the contract to change the settlement date and push the lender to do it earlier. (but this has risks the the lender does not get there act into gear.
In my last purchase I had pre-purchase approval) and I then put in a 2 week settlement on a hosue offer and the lender had a fit, but they got it all there in time.  Solicotr was a bit shocked too. 
Basically they have their routines they like to keep. But all it just takes a bit of push and nudge and they will do what you want. There are heaps of lenders out there, so let them know you have another lender happy to meet your needs if they can't do it
So long as you happy the searches have been done as required etc, talk to your solicitor and get them to push the lender aong as well as yourself. After all it's your money they want back as interest payments. Steve Such as Mt cotton Morayfield Upper kedron Upper Coomera North Lakes Any more though ? 0 5891 |
