Help To Buy Scheme - Authority to Exchange waiting time

Tickdick00

Hi All

My daughter and her husband are  waiting to exchange on their first property which is being bought using the help to buy scheme. Does anyone know the current waiting time for the Authority to Exchange to come through from the Help To Buy agent? Their website says they are working to "current service level agreements" but for the life of me I cannot find out what the current SLA is. Daughter is getting lots of pressure from the developer, and her solicitor submitted the Authority To Exchange request over 3 weeks ago. They need to get out of their current leasehold property by 18 May and have a one month old daughter and they're beginning to get stressed.

Thank you for any help or advice you can give.

Tickdick00

Bump......

mrseff_2

Hi - my authority to exchange took about 8 working days - she can phone them direct - my solicitor was on holiday so I phoned them and they confirmed that the ATE had been sent out that morning to the solicitor... Good luck!

kingstreet

This is the BPHA timescales for Midlands & London;-

We are currently receiving a high volume of Help to Buy: Equity Loan applications.

We are processing documents within: 

• Authority to Proceed (ATP): approximately 4 working days
• Authority to Exchange (ATE): 3 working days
• Confirmation to Developer (CTD): 2 working days