Long story short, I’m closing on a house soon and want to get keys and move in asap. I’m fully approved and ready to draw down mortgage once completion notice is in but my solicitor says it’ll still take up to 2 weeks or more for mortgage funds to come through once all legal documentation is sent.
I’ve run the numbers and could just about cobble together enough to complete the deal with leftover savings/selling shares and even maxing out the credit cards in the interim if needs be to avoid the wait, but will or can the solicitor ‘pay me back’ once drawdown money comes in?
To be clear I still need the mortgage otherwise I’m completely cleaned out, it’s more a case of providing myself with ‘bridging’ of sorts in order to get the keys faster and avoid the additional wait.
Is this feasible or even workable from a legal POV?
I’ve run the numbers and could just about cobble together enough to complete the deal with leftover savings/selling shares and even maxing out the credit cards in the interim if needs be to avoid the wait, but will or can the solicitor ‘pay me back’ once drawdown money comes in?
To be clear I still need the mortgage otherwise I’m completely cleaned out, it’s more a case of providing myself with ‘bridging’ of sorts in order to get the keys faster and avoid the additional wait.
Is this feasible or even workable from a legal POV?