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Timescales
lilyann1
Posts: 514 Forumite
Can anyone advise me on this.
There are 5 of us in the chain,the 4 at the top have been in the chain since March and are all ready to exchange.
The one at the bottom is a new FTB having just put an offer in on my buyers property to compete the chain again.He is seeing a mortgage adviser today and is going to buy all the searches from the solicitors(they have already all been done as the previous buyer backed out 2 weeks ago).
He'll obviopusly need to ge this mortgage agreed and surveys done and then sign contracts.
Can anybody give me any idea of a timescale as to when we'll exchange???
Completion is going to be 4 weeks after exchange as people have already had that agreed.
Thanks
There are 5 of us in the chain,the 4 at the top have been in the chain since March and are all ready to exchange.
The one at the bottom is a new FTB having just put an offer in on my buyers property to compete the chain again.He is seeing a mortgage adviser today and is going to buy all the searches from the solicitors(they have already all been done as the previous buyer backed out 2 weeks ago).
He'll obviopusly need to ge this mortgage agreed and surveys done and then sign contracts.
Can anybody give me any idea of a timescale as to when we'll exchange???
Completion is going to be 4 weeks after exchange as people have already had that agreed.
Thanks
0
Comments
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I am a first time buyer, as is the person in the chain you are waiting for.
I put in my mortgage application last week and have been told it will be between 4 and 12 weeks before I get an offer back. There is then all the other bits to be done once the mortgage offer is received so I wouldnt start packing yet.
Although, there are contrasting views on here with the timescale so I suppose each one is different.0 -
Im a first time buyer too, my mortgage offer came around a week after my application went in.Danielle -x-:p0
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danielle21 wrote:Im a first time buyer too, my mortgage offer came around a week after my application went in.
You lucky !!!!!!. I spoke to the owner of the house this morning and he hasnt heard from the valuer yet.
Can my mortgage broker speed thins up, or is that not possible?0
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