I am buying the house we are living off my ex partner. In order to do so I will need to re-mortgage the house. I have received the loan offer but I need to know when to put in place the new house/life policy.
Do I need to have both policies ready when he signs the tranfer of the deeds under my name? Like the day before?
Kind regards
Monia
You need both in place to draw down the loan funds - the loan cheque will not issue until the outstanding issues are dealt with. You won't ( or you should'nt) get the signed Tranfer until the money is available.
So you need everything in place at least one week ( and preferably longer) before you intend to do the formal completion.