How long to sign contracts?

eiregal

Registered User
Messages
210
Myself and my boyf are in the process of purchasing a new house from plans. We put down our deposit and are now arranging a mortgage. We've been given verbal approval subject to us giving the bank our loan statements. We're waiting on these from the bank but contracts have now been issued and require signing. Needless to say, we don't want to sign contracts without written approval from the bank so how long do we have until we have to sign the contracts? It will be the end of the week before we have all our documents (thanks to the bank sending me the wrong statements - twice), so will the solicitors wait a week?
 
The letter from the builders solicitor will have specified a time limit - 14 - 21 days - when the contracts are required to be returned.

Check the time limit. And , if necessary, ask your solicitor to ask for a short extension. Then push the lender for a decision and the letter of loan offer.

mf
 
Back
Top