Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I am aware that it isn’t easy to sell a house within 6 months of purchase, but speaking to my solicitor the other day it would appear to be nigh on impossible. She seemed to think most lenders would reject any application without even looking at it if the property hadn’t previously been owned for a minimum of 6 months, in some cases it could be as much as 12 months.
I find this hard to believe. Surely if this were true then it would be very difficult to make any money out of property development.
Does anyone have any experience of this problem?
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