Go Back   Askaboutmoney.com > General Financial Issues > Mortgages and buying and selling homes

Reply
 
Thread Tools
  #1  
Old 28-01-2005, 12:42 AM
pats22
 
Posts: n/a
Default mortgage approval during bidding

hi just wondering if its common practice for estate agents to request proof of your mortgage approval during the bidding process??

thanks

pat
Reply With Quote
  #2  
Old 28-01-2005, 04:51 PM
Sarah Wellband
 
Posts: n/a
Default

Nope, it's none of their business and just a ruse to see how much you've got available to spend. Tell them you're mortgage approved (if you are) and no more.

Sarah

www.rea.ie
Reply With Quote
  #3  
Old 28-01-2005, 05:01 PM
pats22
 
Posts: n/a
Default

i thought as much
they said the other bidder has sent theirs in allready but i suppose thats a spoof as well -


thanks for the confrmation
much obliged
Reply With Quote
  #4  
Old 28-01-2005, 09:57 PM
Big Maggie
 
Posts: n/a
Default

Hi
I can see where Sarah is coming from. On the other hand, when I was selling my house, and was under pressure for a quick sale because I had my eye on a new house, my estate agent and I only accepted bids from loan approved bidders who were willing to show their approval to the estate agent. This made sure that whoever's bid was accepted, that at least they would be in a position to close the deal . People do mess other people around. It happened to me in the past, where I accepted a bid, turned down another one just slightly under that, and the bidders that I had accepted, turned out to be wasting my time.
Hope this helps.
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +1. The time now is 11:13 PM.