I really can’t understand why the house buying process takes so long in the UK?
Last purchase, our mortgage offer came through in 1 day (very low LTV with our regular bank, so they had all of our financial info already). No chain behind or in front. Survey done with no issues in a week. Vendor wanted a quick sale, so he was really quick with answering queries and hand delivering documents to his solicitor.
So why did the process take 11 weeks? Before covid.
Could a cash buyer move forward and say they don’t want to wait for searches etc? Presumably they’d indemnify their solicitor?