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How long until completion?

dantheman8t5
dantheman8t5 Posts: 34 Forumite
Third Anniversary 10 Posts
in House buying, renting & selling
Hi,

I’m a first time buyer and have received the mortgage deed through today, to sign and have it witnessed.

Anybody have an idea how long it would take until completion at this point? There is no chain involved as the vendor has moved into another house.

Thanks
Dan

Comments

  • hazyjo
    hazyjo Posts: 15,475 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 15 June 2021 at 5:03PM
    Just take it that the whole process will prob take around 3-4 months. Some bits will take longer than average, others will be quicker.
    2024 wins: *must start comping again!*
  • Redwino222
    Redwino222 Posts: 490 Forumite
    100 Posts Second Anniversary Name Dropper
    I accepted an offer on my house on 9 April.  We have exchanged contracted and move date is 28 June. 
  • ele_91
    ele_91 Posts: 194 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    How about searches, survey and enquiries? The mortgage offer has been the quickest part every time I’ve bought.
  • summergirl40
    summergirl40 Posts: 101 Forumite
    Tenth Anniversary 10 Posts Combo Breaker
    My partners btl house has taken 4 months by the time it’s completed, the house we are purchasing has been a month homebuyers survey done, searches done, enquiries sorted but unsure when it will be completed 
    On a little 15 month journey
  • dantheman8t5
    dantheman8t5 Posts: 34 Forumite
    Third Anniversary 10 Posts
    Had the homebuyers report done, which highlighted that the roof needed looking at. So the vendor was arranging that, whether that will delay any longer I’m not sure. Searches are currently being carried out 
  • hippocrates1
    hippocrates1 Posts: 354 Forumite
    100 Posts Second Anniversary Name Dropper
    Redwino222 said:
    I accepted an offer on my house on 9 April.  We have exchanged contracted and move date is 28 June. 
    Wow that’s fast
    DIP 09/02/21
    Offer on property 17/02/21
    Offer accepted 18/02/21
    Mortgage application submitted 22/02/21
    Desktop valuation 22/02/21
    Mortgage offer received 22/02/21
    Solicitor instructed 23/02/21
    Draft contract received and enquiries sent 02/03/21
    searches back 08/03/21
    Enquiries back 10/06/21
    Exchanged 23/06/21
  • hippocrates1
    hippocrates1 Posts: 354 Forumite
    100 Posts Second Anniversary Name Dropper
    dantheman8t5 said:
    Had the homebuyers report done, which highlighted that the roof needed looking at. So the vendor was arranging that, whether that will delay any longer I’m not sure. Searches are currently being carried out 
    Why would you let the vendor look at it. You need to take an independent builder or you’ll be taken advantage of
    DIP 09/02/21
    Offer on property 17/02/21
    Offer accepted 18/02/21
    Mortgage application submitted 22/02/21
    Desktop valuation 22/02/21
    Mortgage offer received 22/02/21
    Solicitor instructed 23/02/21
    Draft contract received and enquiries sent 02/03/21
    searches back 08/03/21
    Enquiries back 10/06/21
    Exchanged 23/06/21
  • ele_91
    ele_91 Posts: 194 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    Sounds like you still have a way to go then. I would check my local authority website to find out how long searches are taking and find out what other outstanding enquiries there are. I agree though you should be arranging any survey on the roof or getting quotes for the work. 
  • Redwino222
    Redwino222 Posts: 490 Forumite
    100 Posts Second Anniversary Name Dropper
    I was lucky - short chain - the house I am buying is chain free.

    I also pushed and pushed and pushed. And had a really proactive estate agent who was the agent both my house and the house I am buying.

    fingers crossed it all goes to plan!
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