Why is there a 6 Month Rule?

One of the main reasons you will need to wait six months to sell a home is because of certain rules around your mortgage. Most lenders do not allow a new loan to be taken out unless the property has been registered with the Land Registry for six months. This is because, if you took out a loan to buy your house, then they would want the house to be in your name for at least six months before they allow someone else to take out a loan to buy the house from you. However, this isn’t the case for all lenders. There may be some exceptional circumstances, like if you are a property investor, but it’s always advisable to speak to a mortgage advisor surrounding your situation.

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