How long from offer to completion?

[SheilasLemonade]

Sold ours and offered on new place last week. Ours are FTBs and our sellers are moving into rented so pretty small chain.

However, the mortgage on our place is tiny and, as such, we can save about £2k a month (£2.5 if we tighten our belts).

Is four months from offer to completion about right? I'm trying to ensure we've got a bit of a savings buffer for when we get in there.

Ours was about 5 months last year - we were the middle of a chain of 3. Searches in our area were a major hold up. Also FTBs solicitor making pointless enquiries added a few weeks.

Are you sure the top of the chain are going into rented, OP? We had a previous purchase (which ultimately fell through for other reasons) where the vendor who was 'definitely moving into rented' magically found a property to buy a few weeks into the conveyancing process.

6.5 months in 2020. We bought chain free property and sold to FTB. Issues with obtaining deeds held us up though.

Oh and also the small matter of a pandemic.

Yes - they're getting divorced and it's acrimonious to say the least!

No chain, did it exactly in 12 weeks. Had the vendor not been such an idiot, we could have been done in 6 weeks.

@hurtyb no, they were very responsive so normally replied within a few hours, if not sooner.

Finally completed yetserday after nearly 7 months. We already had purchased our new house. Hold up was due to their incompetent solicitor and their mortgae lender. it feels like a weight has been lifted from our shoulders having spent so long worrying that it'll collapse any minute.

No chain. We are now at the end of month five and have lost the will to live.

This was me - seller moving in with daughter, us not needing a sale to fund our purchase (ie no chain)
offered in feb! Exchanged and completed in July. Ridiculous

We’re coming up to four months with no sign of completion until our own FTBs stop making a new daily list of stupid repetitive enquiries we can’t possibly answer.

4.5 months. Offered mid feb to our ‘chain free’ sellers. Completed this month. They weren’t chain free and there was a long list of other inaccuracies in the process, and dreadful communication from the EA.

What kind of things are all these FTB's asking??

I guess if it's individually their first time too it's a big decision & big commitment so want to 'get it right' and not make a big mistake, but curious as to what daft questions they're asking!

I bought my first place at Auction, it was probably best for everyone concerned!!!

nervewracking for me though as my lender went under during the night, so whilst at the auction my broker had to find a new lender, I had to find another £10,000 towards the deposit and the interest rate was double. Let's just say it was a stressful first purchase!!

but I was unable to make a pest if myself asking loads of questions!!!