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How Long Does it Take to Sign Contracts

Bella86 · 2017-06-13 11:51:26

Hi, I have signed contracts and give 10% deposit on a house being sold by receiver through bank (UK). It has been 3 weeks now and my solicitor said that the contracts are still with the banks for signing and cant give me anymore updates. Does anyone know how long it takes banks to sign contracts, does this mean they are…

13-06-2017 11:51am

#1

Bella86

Registered Users, Registered Users 2 Posts: 42 ✭

Join Date: February 2017

Posts: 29

Hi,
I have signed contracts and give 10% deposit on a house being sold by receiver through bank (UK). It has been 3 weeks now and my solicitor said that the contracts are still with the banks for signing and cant give me anymore updates.
Does anyone know how long it takes banks to sign contracts, does this mean they are deciding to not go ahead with sale as they are taking so long? Anyone have any experience with this?

Thanks

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Comments

#2 13-06-2017 11:56am

Graham

Moderators, Society & Culture Moderators Posts: 17,643 Mod ✭✭✭✭

Join Date: November 2001

Posts: 16664

Nobody but the bank can answer that for you.

Some banks will turn the contracts around in a few days, other banks could leave you hanging for months and months.

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