I'll keep this as short as possible. We went sale agreed on a house for €260,000. It is currently at an early stage, booking deposit only paid two days ago. We are funding it with a €180,000 mortgage, €40,000 of our own savings and a family gift of €40,000. (We have extra money to cover the solicitors fees etc).
My question is at which point is the money transferred over ie. our €80,000 deposit less booking fee? Is this at the contract signing stage or towards the end when the mortgage cheque is drawn down?
Thanks
My question is at which point is the money transferred over ie. our €80,000 deposit less booking fee? Is this at the contract signing stage or towards the end when the mortgage cheque is drawn down?
Thanks