Quick summary of situation. We have completed all of the legal work on our purchase. Have had our mortgage offer since end Nov - got it within 48hrs of valuation.
Buyer had valuation on ours beginning of Jan. Still awaiting his mortgage offer. Can a mortgage offer take 7 weeks after valuation or is the buyer concealing a problem from us?
I’ve got my estate agent and solicitor chasing the buyer and his mortgage advisor every week. Apparently it’s with the underwriter. For 7 weeks?!?
If there’s anyone with any experience in this area, can you tell me if this is normal or not? I’m going to lose my purchase property at this rate, as the seller is becoming suspicious that there’s a problem and I think he may be right!!
Any answers much appreciated. This will be the second chain we’ve had collapse at a very late stage if it goes wrong again. Very concerned about the prospect of that happening again.