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Is it normal to wait 6 weeks+ for the buyer to get a mortgage in place?

As we have still not exchanged we feel buyer does not have funds, how long should we wait?

Asked on Sep 2 2011, Home Finance in London | Report content

Answers (3)

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  • It will depend on many things, it certainly differs from lender to lender. It could take up to 2 months, maybe more.

    Answered on Sep 2 2011, Report content
  • I would have a chat to your agent who will be able to speak to the purchasers mortgage advisor for an update.

    Answered on Sep 2 2011, Report content
  • If there are problems with proving earnings etc then this could cause delays but a mortgage valuation survey should really be booked asap, say within 2 weeks of agreeing a sale price, with an organised buyer...

    Answered on Sep 3 2011, Report content

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