UK Property Law
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Hi welcome to Just Answer. I will help you with your question.
No, there is no general rule like this at all.
Each mortgage company has its own rules on things like this, and each may differ.
I was watching the property auction show, homes under the hammer. On that show a buyer was cautioned of this.
Whilst some might not want to lend on property that changes with such frequency, others would be happy to do that. There is no one size fits all for this type of thing.
ok, so perhaps on the show it was in the legal pack for that particular property.
There is no legal reason that you cannot sell within 6 months, nor is there are general rule that applies to all lenders, although I accept some might view an early sale like this as suspicious and might not want to lend on the property, but equally, some lenders would.
Great! Thanks for your time and info!
Thank you too!
Have a good evening.
You too :-)
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