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How long to complete on part buy house purchase, more details within?

Hi there, i was just wondering if anyone has any idea how long it generally takes to complete on a house purchase. We are loging with inlaws rareing to go. Its a part buy property, brand new with current HIP pack. We have a mortgage in place and solicitor on stand by. Just waiting for assosiation to instruct there solicitors. How long do you think this will realisticly take from intruction to completion?

Public Comments

  1. I bought under a shared ownership scheme which took 3 months, start to finish. That was back in November 2006 - late Jan 2007. The length of time depends on how efficient the solicitors are. They have to carry out basic property searches to ensure that you are not buying a dud. These include checking with the local authorities that they are not planning to build a bypass through the property site! These searches are often done online but you have to allow a month for responses. The solicitors also have to check the lease documents which are drafted by the housing association's solicitor. This takes a bit of time. They arrange with your mortgage company for your loan to be transfered to the HA etc etc.
  2. 10 to 12 weeks You are dealing with a social landlord and it will take its time. Getting your mortgage and house valued will take two to four weeks easily. I have bought many houses and it always takes 10 to 12 weeks and getting the mortgage and valuation is always the biggest time delay and the hardest work from your part Good luck
  3. Hi, It's usually around 3 months. You also need to keep on track of everything and chase everything up to speed it along as sometimes you could be left at the bottom of the in-tray. Call the association and ask what the delay is, when are they calling their solicitors? Then call their solicitors and check what the next step is. Answer all your solictors queries promptly and chase them up too if there is any delay. Keep at least a weekly phonecall to both sets of solicitors to make sure that everything is going smoothly. Good luck with it!
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