How long to wait after purchase/land registry before can sell ?

deejaybee

Hi all,

Long story short, relocated to different part of country, realised have made a massive mistake, and very "homesick" for previous location.

House bought in June, sale is now listed on nethouseprices.com so assumed its been registered with Land Registry - just emailed solicitor to find out when this happened.

I was thinking give it 6-8 months from registration then stick it on the market, as it should be coming up to Spring by then or even in Spring.

From what i have read, some banks & BS will not make a mortgage offer if the property was registered less than 6 months previous ?

Thoughts/advice appreciated - Thanks

user1977

Purchased less than 6 months previously, yes. So December. How long it took to register isn’t relevant. Though expect suspicion about why you’re selling so quickly.

deejaybee

Thanks user1977.  So March/April 24 would be 9/10 months ish - i understand the suspicion point, although we have no issues with the house itself, neighbours are fine - even the area itself is nice, just not where we want to be.

Wont be doing anything this year, and sound out some EAs early next year.

propertyrental

Whether the LR has been updated is irrelevant.. If it's in the LR backlog you can apply to have it 'expedited' if a sale is dependant on registration.

The issue is few mortgage lenders will lend on a property within 6months of the previous purchase. Of course, it'll take you 3months or so to find a buyer and go through the conveyancing.

And nothing prevents a sales to a cash buyer