j
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Penguins are very misunderstood!
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Post by j on Mar 9, 2014 21:22:23 GMT
Couldn't find a separate thread for this but, if duplicated then apologies.
An update on AC's site if anyone with a bid has missed it:
LENDER UPDATE 6 MARCH
We have been advised today that the vendor has set a completion date for the property purchase of 12 March (next week). The borrower has tried to get this brought forward but to no avail. The borrowers longstop date is 20 March under their agreement with us. Our solicitors advise that all is on track for a 12 March completion/drawdown.
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bugs4me
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Post by bugs4me on Mar 9, 2014 22:18:39 GMT
Couldn't find a separate thread for this but, if duplicated then apologies. An update on AC's site if anyone with a bid has missed it: LENDER UPDATE 6 MARCH We have been advised today that the vendor has set a completion date for the property purchase of 12 March (next week). The borrower has tried to get this brought forward but to no avail. The borrowers longstop date is 20 March under their agreement with us. Our solicitors advise that all is on track for a 12 March completion/drawdown. I also picked up on this but would prefer if AC simply sent out an e-mail to those that participated. Would be easier than going AC website trawling for updates.
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mikes1531
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Post by mikes1531 on Mar 10, 2014 0:14:24 GMT
An update on AC's site if anyone with a bid has missed it: LENDER UPDATE 6 MARCH We have been advised today that the vendor has set a completion date for the property purchase of 12 March (next week). The borrower has tried to get this brought forward but to no avail. The borrowers longstop date is 20 March under their agreement with us. Our solicitors advise that all is on track for a 12 March completion/drawdown. I thought the completion date is set when contracts are exchanged. Presuming that's still the standard procedure, then the fact that the borrower was trying to accelerate the completion suggests that contracts hadn't been exchanged at that time. I wonder if that's happened now, or whether they're trying to do a simultaneous exchange and completion? Or is there something I don't understand?
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Mar 10, 2014 11:10:01 GMT
An update on AC's site if anyone with a bid has missed it: LENDER UPDATE 6 MARCH We have been advised today that the vendor has set a completion date for the property purchase of 12 March (next week). The borrower has tried to get this brought forward but to no avail. The borrowers longstop date is 20 March under their agreement with us. Our solicitors advise that all is on track for a 12 March completion/drawdown. I thought the completion date is set when contracts are exchanged. Presuming that's still the standard procedure, then the fact that the borrower was trying to accelerate the completion suggests that contracts hadn't been exchanged at that time. I wonder if that's happened now, or whether they're trying to do a simultaneous exchange and completion? Or is there something I don't understand? My thoughts also! We'll wait & see over the next few days
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spockie
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Post by spockie on Mar 12, 2014 17:16:15 GMT
It's drawn down!
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