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Auction Mortgage
Epinephrine
Posts: 1 Newbie
I am a first time buyer hoping to buy my first home through an auction. I have difficulty understanding how I can pay the 90% within 28 days through a mortgage.
I have also read websites which recommend getting a mortgage before making an offer but after researching how to get the mortgage I don't think that it's possible.
I know that I can send in my mortgage application before making an offer; it is the valuation of the property, conveyance, surveying and exchanging of contracts that I fear will take longer than 28 days
I have researched online that the average time for the legal side is six to eight weeks.
Thank You
I have also read websites which recommend getting a mortgage before making an offer but after researching how to get the mortgage I don't think that it's possible.
I know that I can send in my mortgage application before making an offer; it is the valuation of the property, conveyance, surveying and exchanging of contracts that I fear will take longer than 28 days
I have researched online that the average time for the legal side is six to eight weeks.
Thank You
0
Comments
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Yes, it's pretty much impossible. Auctions aren't the place for first time buyers.0
This discussion has been closed.
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