Your personal finance questions – ‘How long will it take to buy a house after we agree a price with the seller?’

Q We are looking at buying our first home, which is a second-hand property. We are midway through negotiations on price. We are currently renting so I’m wondering how long will it take us to buy the house after the price is agreed?

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Q We are looking at buying our first home, which is a second-hand property. We are midway through negotiations on price. We are currently renting so I’m wondering how long will it take us to buy the house after the price is agreed? A There is a huge variation in the timelines for completing house sales, said Mike Stack, head of legal operations at Beam, a digital-first conveyancing service that operates nationwide.

He said it can take from 40 days to six months for second-hand purchases to be completed..