mse shows that fast sales are possible even in the current market.

Proving that so much of the recent negative press coverage is not borne out in reality, mse in Guildford have just completed this week on a sale that took only 4 weeks from beginning to end and even involved the buyers obtaining a mortgage.

An offer was accepted by clients who owned the Victorian House just outside Guildford (pictured left) on 15^th September. The memorandum of sale was produced the next day, a mortgage valuation took place on behalf of a leading High Street Bank on the 24^th of September and the formal offer of mortgage was issued in just 7 days.

Contracts were exchanged 10 days later on the 9^th of October and completion took place on the 16^th of October.

Commenting on the transaction, Partner Peter Tappin said, “Many people could be forgiven for thinking that in the present economic climate and “credit crunch” it is impossible for buyers to be able to obtain mortgage funding. In reality, and as demonstrated in this very recent example, funds are available and many lending institutions are keen to lend to those with good credit history and who are aiming to borrow at a sensible loan to value ratio.”

16^th October 2008