So after sending in an initial offer on a property I spoke to our contact at KBC today where he confirmed that as of yesterday they have exhausted their exemptions for the year, as we were relying on the exemption for this purchase this has put a significant dampener on my day.
I have a couple of questions, the contact at KBC told us that they could approve us for a property now provided we don’t draw down the funds until 2020 so my first question is what the average time frame from sale agreed to draw down tends to be? I know this is a how long is a piece of string question so any help would be appreciated.
Also another random straw I’m clutching at is whether or not it’s feasible to go sale agreed with a drawdown date set as the 1st of January. Assuming the house won’t go sale agreed until the end of this month (educated guess based on the bidding processes we have been involved in to date).
Any advice would be appreciated, hell lie to me and at least cheer me up for the rest of the afternoon
I have a couple of questions, the contact at KBC told us that they could approve us for a property now provided we don’t draw down the funds until 2020 so my first question is what the average time frame from sale agreed to draw down tends to be? I know this is a how long is a piece of string question so any help would be appreciated.
Also another random straw I’m clutching at is whether or not it’s feasible to go sale agreed with a drawdown date set as the 1st of January. Assuming the house won’t go sale agreed until the end of this month (educated guess based on the bidding processes we have been involved in to date).
Any advice would be appreciated, hell lie to me and at least cheer me up for the rest of the afternoon