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Decision accepted in principle.
grayson
Posts: 114 Forumite
We are selling my late mum's home. The buyer has confirmed with our solicitor the have a decision in principle. We are now waiting for their lenders valuation. My question is how long will it take now before property is sold and funds are transferred to us for sale? Thanks
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Upto 6 months, depends on what the survey reveals, if additional surveys or repair quotes are required. Also searches and enquiries may take a while and we've Christmas/ New Year coming up.
Your solicitor is best places to guide you as they know how quickly information is being turned round.Mortgage started 2020, aiming to clear 31/12/2029.1 -
In theory if the application is in, they should have an offer next week. Its then down to their solicitors and yours and that should take maybe 2-3 months.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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The buyer offered asking on day one. She has a number of rental properties plans to renovate it to rent. Wants it no matter what survey says0
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Then it comes down to the legal side of things - local searches, solicitors enquiries.grayson said:The buyer offered asking on day one. She has a number of rental properties plans to renovate it to rent. Wants it no matter what survey says3 months for a freehold property is about standard.Has probate been granted?0
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