How long does a mortgage agreement typically take to come through?
Hi all
So me and my partner had a bid accepted for a house beginning of June. The owners knew we still had our own home to sell first so there was no issue time wise to get it sold..
4 days after our bid was accepted we had a zoom meeting with bank regarding our mortgage agreement which was verbally agreed there and then and sent out in post following week
A week after our bid was accepted our house went on market and 2 days later we accepted a bid from a first time buyer
It has now been nearly 18 days and we still haven’t heard any more. Our lawyer says they are still waiting to hear from our buyers regarding their mortgage agreement.
So what I am basically asking is this a normal timeframe or should I be worried about the time it’s taking?
Both properties are in Scotland if this makes any difference