There are many mysteries in life, but none as widely pondered over as that of the transfer times of money on completion day when you are buying a house! When it comes to buying a property, there is a huge amount of legal and financial work that you will have to endure well in advance of the actual day of the move. For this reason, one would expect that such hassle would result in a fairly painless transfer day, and that you could get everything done fairly easily. However, as with many things, you will find that there are huge difficulties that seem to occur for no reason whatsoever. It seems that for some reason, the actual transference of money between accounts, solicitors and accounts, takes ages, despite the speed with which most bank transfers happen nowadays. Of course, this should not be the kind of thing that gets in your way, but it certainly can be, even if you are as prepared as possible!
The usual issue is that there is a hold up of some sort, and this prevents you form getting the keys to the new place. Obviously, until the previous owner is paid, you can not access the property, and this means that you may have to wait until the money is all in place before you can move in properly. In such instances, you will likely be waiting with your removals team at the property, simply hoping that the keys are released as soon as possible, and whilst this is happening, the team will be charging you for what is called their ‘waiting time’. Some removal companies are not as up front as others on such matters, so it is pretty essential that you are forthright in asking as many questions when you are organizing the removals (http://www NULL.bestvanandman NULL.co NULL.uk) with them, lest you get stung without realizing that such charges are in place! The charges vary form company to company, so you should be sure to ask about the exact amounts that you will be being charged by the hour after the arrival.
There are protection plans that can be organized, by way of waiting time waivers. Not all companies offer these, so again, ensure that you find this out before it is too late. You need to ensure that you go over exactly how long the waiver covers you for, and how many men it covers as well. Say you pay a fifty pound waiting time waiver, you may find out that it only covers you for two hours and a couple o men, and that an extra removals staff member is still costing your twenty pounds for every hour that you wait!
If you feel like the waiver is not a fair deal, you could certainly look in to getting the waiting charges from whoever it is that is holding you up, as sometimes it will be the previous occupiers of the house that are making you wait. Unfortunately, getting such funds from your own solicitor is going to be nigh on impossible, and it will be similarly arduous to get such money from the previous occupiers, given that they will have their solicitor on hand as well. It is always best to prepare yourself against these unseen expenses, to ensure that your move does not suddenly become extremely expensive at the very last minute. You will be protecting against all other sorts of costs getting incurred, so why not this one?
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