Completion Date Time Scale?

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  • jeffrey
    replied
    Originally posted by Colin Mustard View Post
    ^
    Jeffrey, would 6 weeks be okay, if the seller agrees? As, I thought 4 weeks was the max
    As there's no legal problem and so no maximum, six weeks would be OK- but make sure that V insures until completion AND has told insurer that property is vacant.

    Leave a comment:


  • Colin Mustard
    replied
    ^
    Jeffrey, would 6 weeks be okay, if the seller agrees? As, I thought 4 weeks was the max

    Leave a comment:


  • jeffrey
    replied
    Perhaps "one month" was so as to comply with insurance requirements? Many policies rule out cover if property vacant for > 4 wks (unless policyholder notifies insurer).

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  • attilathelandlord
    replied
    You can have as much or as little time as you like between exchange and completion but most lenders need at least one week to complete paperwork and allow the solicitor to draw down funds.

    Don't forget that f you leave completion for a while after exchnage then all searches and mortgage offers must be current at time of completion. Most mortgage offers expire after 3/6 months.

    Leave a comment:


  • Colin Mustard
    started a topic Completion Date Time Scale?

    Completion Date Time Scale?

    About to exchange on a buy to let, vendor has told me, I can have any date within the next 2months, as the property is empty.

    I was told, 4 weeks is the max you can have it at, is this right?

    Many Thanks,

    Colin

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