Mortgage Offered, No Chain, How Long?

Cakeguts

We bought a vacant property for cash and it took 5 months. The legals threw up some problems.

PasturesNew

I'd suggest mid-to-late January if you were buying A N House.
I'd suggest before end of December, probably 18th/19th if you were buying from a national builder as they like to get their sales finalised ready for their end of year figures.

As it is .... anybody's guess. But I'd tend to err on the side of "not in time for Xmas" rather than suggesting you should go and buy trees/decorations and get excited.

Mark64uk

I put my offer in on a no chain house on the 2nd of Aug and we complete on Wednesday.

FTBHere2018

Yeah, the house is gorgeous, 3 bed, 34 ft garden, was overpriced at 300k, and got reduced to 260k, we know the area very well so are confident in its value. :j

FTBHere2018

House was empty potentially for a long time because of the area, and it was 300k, which is astronomical for the area I'm in. I think that put people off and an alley next to it which is a loading area for local business. This is what the agent reckons put people off anyway.

foxy-stoat

I think the time scales in post #2 are safe - every house purchase is different but most get held up the by solicitors or lack of paperwork from the vendors.

If the new build has all the completion certificates and no issues with any legal matters and everyone does their job as quickly as possible then 5-6 weeks is realistic.

Means nothing for your purchase though as one of the solicitors could be sitting there with their thumb up their !!!! for 2 weeks and the other solicitor could be on holiday for a couple of weeks or someone may of signed on of the forms incorrectly etc etc.

Good luck with your purchase though.

AndyBSG

My current property I offered on in November, was a first time buyer and the house was vacant so no onward chain.

We moved in the second week of March.

There are so many variables that it's impossible to say.

Best case scenario i'd say is 8 weeks in a very straightforward situation but in my experience even the most minor of queries can delay it by a week at a time.

seven-day-weekend

We bought a bungalow for cash, no chain, took three months.

Then sold a house, no chain, took about the same.

AlexMac

3 months is the best I've done in my last few- although I did once do an auction prop in the demanded 28 days, including getting a mortgage- but that was really nerve-wracking; So 3-4 months unless there are problems with the freehold title (unclear red-lines or boundaries, etc?) or it's a dodgy leasehold. I read the other day that Local Authority searches, which should take a week or two, can vary from a few days to many weeks depending on wheter you have a carp Council.

Oh and make sure you choose a good solicitor to act for you; I always check (test) that they pick up the phone and use email for quotes, letters of appointment, Pre-sale enquiries etc, as snail mail adds weeks

Thrugelmir

FTBHere2018 wrote: »

34 ft garden

Why I'd never build a new build property these days. That's a postage stamp.