How long before bank releases deeds to seller?

P

Pooch

Guest
Hope someone can shed some light on this - went sale agreed almost 5 weeks ago on a house. House is unoccupied for some time. We handed over deposit 4 weeks ago now, got valuation and structural survey etc but are being told by the sellers solicitor that they are having trouble getting deeds from the sellers bank?

As we are FTB's, this is completely new to me so should we be worried that the seller and their solicitor are trying to delay the sale for whatever reason or is this just a banking issue?

Thanks for the help,
 
Ask your solicitor to ask the vendors solicitor what the issue is.

It will either be routine - in which case, no problem. Or serious, in which case, only your solicitor can advise you what to do.

mf
 
Hi mf1, thanks for the reply. I was advised that there are mortgage issues with the vendor and their bank and that's why there is a delay releasing the deeds. I'm not sure what is the undelying issue here, and was told they wanted a quick sale from the get go.

I was just wondering, as I thought it might have been a delay tactic.