Quick question on the above. What way does a booking deposit work.
we are just sale agreed on a house we intend to purchase.
mortgage requires 20k deposit
booking deposit is 5k
Do we get the 5k back after signing contracts? or does the 5k go towards the mortgage deposit i.e. we would then owe 20k minus 5k = 15k?
Thanks in advance
we are just sale agreed on a house we intend to purchase.
mortgage requires 20k deposit
booking deposit is 5k
Do we get the 5k back after signing contracts? or does the 5k go towards the mortgage deposit i.e. we would then owe 20k minus 5k = 15k?
Thanks in advance