By Admin on Feb 16, 2009 in Renting & Real Estate
SJC asked:
We are currently going through a remortgage, first time we have done this since we bought our house. We have had everything accepted, survey completed etc. The solicitors have a copy of our buildings and contetnts insurance and I gave them the account details for our existing mortgage on Friday. How much longer will it roughly take before our current mortgage is cleard and we have the new mortgage and funds? Eager to start extending the bathroom! We are in Scotland, don’t know if that makes a difference.
We are currently going through a remortgage, first time we have done this since we bought our house. We have had everything accepted, survey completed etc. The solicitors have a copy of our buildings and contetnts insurance and I gave them the account details for our existing mortgage on Friday. How much longer will it roughly take before our current mortgage is cleard and we have the new mortgage and funds? Eager to start extending the bathroom! We are in Scotland, don’t know if that makes a difference.
Took me four or five weeks five years ago
baby_face_paris | Feb 18, 2009 | Reply
Depends on with whom you are working, but I would say within two weeks.
Joyce K | Feb 21, 2009 | Reply
In the States, it takes a few weeks, mostly for the various paper pushers to do their thing. I should expect that Scotland would be little different. Inquire of your new lender for an estimate.
rhsaunders | Feb 24, 2009 | Reply
i say less than 1 week you will be closing your loan.
helpme | Feb 24, 2009 | Reply