6 month mortgage rule 24 October 2022 at 5:05PM edited 24 October 2022 at 5:05PM in Mortgages & endowments 3 replies 482 views

matthew91822

Hi All

Has anyone ever bought a house that was sold within 6 months (of appearing on land registry) with a mortgage?

I had an offer accepted on a property, the seller is a house for cash company who bought the house back in June. Now finding issues with lenders!

Thanks

Neilos9

speak to a broker....

london21

If it is showing on the land registry some lenders allow within 6 months some don't.

I used Virgin money, but if I remember correctly Barclays also do and some others. 

matthew91822 said:

Hi All

Has anyone ever bought a house that was sold within 6 months (of appearing on land registry) with a mortgage?

I had an offer accepted on a property, the seller is a house for cash company who bought the house back in June. Now finding issues with lenders!

Thanks

JMA74

There are plenty that will lend before 6 months, and then there are some of those that only lend depending on the reason for cash purchase.  So you might find that a lender publishes that they do these, but then they dont for this particular reason.   

I've never had an issue placing these but i do recommend speaking to a broker to ensure you dont end up with the wrong lender