Moving on

turnergirl14

We have recently accepted an offer on our property and have had our offer accepted on another property. We are making really good progress so far, we have had documents to fill in and sign, for both purchase and sale, and these have been sent back to our solicitors. Our searches on our purchase have been sent off for. We should hear about our mortgage offer this week. I know each time scale is different depending on chain, enquiries etc... Most discussions I've looked at state 8-12 weeks from offer. Is that accepting an offer on our property we are selling, or the offer on our onward purchase? We are in the middle of the chain, 3 altogether. 

youth_leader

Is your chain complete?

GoogleMeNow

turnergirl14 said:

We have recently accepted an offer on our property and have had our offer accepted on another property. We are making really good progress so far, we have had documents to fill in and sign, for both purchase and sale, and these have been sent back to our solicitors. Our searches on our purchase have been sent off for. We should hear about our mortgage offer this week. I know each time scale is different depending on chain, enquiries etc... Most discussions I've looked at state 8-12 weeks from offer. Is that accepting an offer on our property we are selling, or the offer on our onward purchase? We are in the middle of the chain, 3 altogether. 

No, it's not 'from offer'.  It's from receipt of draft contracts on both your purchase and the buyer's solicitor on your sale.  Neither solicitor can start doing any legal work before this. 

8-12 weeks would realistically be a freehold sale and purchase, with no legal issues.  Any problems with paperwork, legal title, or anything with various third parties, i.e. a management company will add to this timescale.

JReacher1

I was in a chain of 6 houses and it took 12 weeks from everyone having an offer accepted on a property to completion. 

turnergirl14

youth_leader said:

Is your chain complete?

Yes, our buyers are FTB and our vendors onward vendor are going into rented.

SuseOrm

turnergirl14 said:

youth_leader said:

Is your chain complete?

Yes, our buyers are FTB and our vendors onward vendor are going into rented.

Are they definitely going into rented the number of times I’ve heard that said and then they look around and see what Rent is being charged and what’s available and suddenly they are not going into rented.  

turnergirl14

GoogleMeNow said:

turnergirl14 said:

We have recently accepted an offer on our property and have had our offer accepted on another property. We are making really good progress so far, we have had documents to fill in and sign, for both purchase and sale, and these have been sent back to our solicitors. Our searches on our purchase have been sent off for. We should hear about our mortgage offer this week. I know each time scale is different depending on chain, enquiries etc... Most discussions I've looked at state 8-12 weeks from offer. Is that accepting an offer on our property we are selling, or the offer on our onward purchase? We are in the middle of the chain, 3 altogether. 

No, it's not 'from offer'.  It's from receipt of draft contracts on both your purchase and the buyer's solicitor on your sale.  Neither solicitor can start doing any legal work before this. 

8-12 weeks would realistically be a freehold sale and purchase, with no legal issues.  Any problems with paperwork, legal title, or anything with various third parties, i.e. a management company will add to this timescale.

Oh thats handy to know. Would enquiries come before or after this as I know our solicitor is already raising enquiries to either side.