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How long now???

Hi there,

FTB had offer accepted 2 weeks ago, survey back and everything fine just states that electrics and heating are old (property 30yrs old). Vendor had offer accepted on theirs and their seller had offer accepted too. Chain ends there. How long is it all likely to take now?

I'm a teacher and my summer holidays are in 5 weeks, will it coincide with that?

I know it's not an exact science but im getting excited and wondered how long I'm likely to have to hold it all in hehe!

Comments

  • If it's the entire chain that's all completed, then it's just a case of setting a date - aim for the middle of your summer holidays (loads of us are all teachers on here - and hope it should be done before then. The issue is that it only takes one hiccup in the process to throw everything else out of kilter...
    Feb 2012 - onwards MF achieved
    September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
    April 2018 down to 28.00 months vs 30.04 months at normal payment.
    Predicted mortgage clearing 03/2047 - now looking at 02/2045

    Aims: 1) To pay off mortgage within 20 years - 2037
  • kiki*_2
    kiki*_2 Posts: 302 Forumite
    Yes I'm trying to tell myself that because it's a chain it could all go wrong but at same time it's hard to not get too excited! I was hoping for first week if summer hols then 5 more weeks to settle and b sorted.
  • womble12345
    womble12345 Posts: 591 Forumite
    Part of the Furniture 500 Posts
    It just took me 3.5 months to sell my flat chain free, the figure bandied about as average is 9-12 weeks,I think that is optimistic from my experience
  • kiki*_2
    kiki*_2 Posts: 302 Forumite
    How come yours took so long?? My friend just completed in 8 weeks and that had complications.
  • womble12345
    womble12345 Posts: 591 Forumite
    Part of the Furniture 500 Posts
    I have no idea why it was so slow, maybe my buyer had a rubbish solicitor. I returned everything asked of me within 24 hrs, the flat is leasehold so maybe that complicated it. My buyer took a week to read the contract before returning it and paying deposit by cheque..... If you are a motivated buyer and make that known to the EA and your sol perhaps it will be quicker but if someone isnt supermotivated then they will dawdle.
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