29 Sep 2014 3:54 PM:
Hiya,
We are in the process of buying via an agent, our mortgage is Banco Popular, we intially visited and decided on a property in May and transferred a deposit 1st June. We were more or less told that completition before August couldn't be guaranteed and unlikely but things would pick back up in September. We had flights booked August prior to buying so decided to cut them short to a week to allow us to have holidays to hopefully complete Sept.
We had our valuation done about 2.5 weeks ago and I chased them up again Friday gone only to be told they have no news. I agree it's really, really, frustrating, we were hoping to be out October kids holidays having 2 children but the closer we get the more the flights are going up and selling out!!
We used Condado Invest and Andy/Sara there have both been really good it's the lack of information and the slowness from the banks that is the most frustrating. From what I've read once you get a completition date you need to wait about 2 weeks to get your utilities switched on - not good!!
We just keep telling ourselves that it really will be worth it when it's all sorted but I totally agree it's bloody frustrating.
The agents claim to be onto the bank every day so not sure they can do much else and we have progressed a little with the valuation.
I think the properties that are going through fast are cash buyers, our agent also said that the bank seems to be pushing resales through first too.
Sorry I'm not much help we are more or less in the same situation as you!
Take Care,
Charliedog
Community thread:
Flat purchasing process @Condado
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