Issue with lender

System

This discussion was created from comments split from: Re Mortgage Approach.

mitesh_patel

Hi my name is Mitesh and am seeking some advice – 

 

Background

 

-       Buyer put in an offer early September with AIP – lender Together 

-       Valuation set on 21st September. 

-       Lots of toing and froing later advised approved by underwriters last Tuesday and awaiting approval by lender’s solicitors. 

-       Had good news from the Estate agents on Thursday offer issued.

-       Plan was to propose completion and exchange. Instead of contacting our solicitor, the buyer’s solicitor contacted lender about time frame for release of funds (we are told this is to help him set a date).

-       We are now being told enquiry is with lender’s solicitors (again). 

 

Estate agents states this is expected – lender would check property being purchased. If they have enquiries they raise otherwise proceed to release of funds. 

 

Questions:

 

1.     Shouldn’t the lender have checked details of property being purchased before offer was issued?

2.     How long does this usually take?

3.     This feels back to front – how normal is this?

 

 

Thanking in advance,

Mitesh