Timescale for buying

will__2

Hi,

I'm about to buy my first house under a shared ownership scheme, for which I've already been registered and approved. The mortgage has just been approved and as soon as I receive it on paper (should be early next week), I'll forward it to my solicitor. How long should I expect the completion date to be? I ask because I need to give my landlord (housing association) a month's notice but clearly can't until I have a date in mind.

Thanks in advance.

will__2

Bump. .

Richard_Webster

DO NOT EVER GIVE NOTICE UNTIL CONTRACTS HAVE BEEN EXCHANGED!

So many people come up with dates and ask their solicitors if that date will be OK. Solicitor says it may well be the sort of date that the matter could complete (not the qualifications). Client assumes the date in question is set in concrete and goes and gives his notice in.

SO transactions take longer. For instance the mortgage has to be approved by the Housing Association and I've known them waste weeks on silly things like arguing about the correct postcode for the property. Random things like that can delay matters.

So by all means ask about approximate time-scales but realise that any estimate may be reviewed as time goes on and no date is fixed until contracts are actually exchanged..