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JGM, Solicitor
Category: Law
Satisfied Customers: 12087
Experience:  30 years as a practising solicitor.
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Are there any problems getting a mortgage or any other things

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Are there any problems getting a mortgage or any other things I need to worry about in an assignable sale. In other words I will be buying a new build prior to completion from someone who bought off plan from the developer. Thanks
Thank you for your question.
Yes, there may be. It is now standard (see the CML handbook) that a lender won't lend where the previous owner hasn't owned the property for less than six months. Check with your proposed lender about this before you commit to the purchase.
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