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How long to close sale

debs1977 · 2008-07-16 13:49:54

Just wondering, as an FTB, how long it takes in general after a signing contract to move into a new property, as I'm trying to prepare financially, while at the same time tie up loose ends in respect of current residence notice including allowing my housemate to look elsewhere for accommodation. Ideally I don't want to be…

16-07-2008 1:49pm

#1

debs1977

Closed Accounts Posts: 7 ✭

Join Date: June 2008

Posts: 5

Just wondering, as an FTB, how long it takes in general after a signing contract to move into a new property, as I'm trying to prepare financially, while at the same time tie up loose ends in respect of current residence notice including allowing my housemate to look elsewhere for accommodation.

Ideally I don't want to be paying rent while having to make mortgage repayments. Place will have to be furnished as well.

I know the loan offer stands for 3 to 6 months but when exactly are you forced to draw down the loan i.e. pay the developer?

Contract not signed just yet, but find myself on one hand trying to keep an eye on the interest rates, knowing the sooner I draw down the better to fix my rate, and knowing I've a lot to do before I'm ready to move in

Any advice from those already gone through this process appreciated

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