Changing your settlement date should not be done lightly, and you should first obtain advice from your conveyancer if this is something you want to do. It may not be possible or in your best interest to change the date of settlement. If you bring the date of settlement forward and your bank is not able to settle on that new day, you can expect to pay daily penalty interest, and be held liable for additional conveyancing fees from both your conveyancer, and the other party’s conveyancer.
In the absolute worst-case scenario, a purchaser could lose their deposit and potentially be pursued for additional costs if the property has depreciated in value since signing the original contract. You may be better to wait until your mortgagee is ready for settlement before asking for the settlement to be changed.