First time buyers are purchasing our buyer's house. Their offer was accepted 6 weeks ago, then the next week their vendor (our buyer) put an offer on ours. So all starting at the same time really.
I'm really concerned because I have been told by the estate agent that the first-time buyers haven't sent off for searches yet and they have their mortgage valuation booked for tomorrow.
Is it normal for it to take 6+ weeks for a mortgage valuation or have they delayed booking one? How long is the usual time from valuation (all being well) to mortgage offer?
Concerned this is going to take months when we were promised weeks; our solicitor is ready to exchange on our purchase so we're just waiting on the first-time buyers!
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Timescale from offer to Mortgage Valuation?
12 replies
YellowNotRed · 15/09/2020 16:48
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