niallkelly14
Registered User
- Messages
- 28
we have gone sale agreed to buy a house today and the EA has asked for a 5k booking deposit - am i correct in assuming that this deposit is fully refundable at all stages until the signing of contracts.
Also on signing of contracts i assume this is when the 10% is paid over - is this 5k booking deposit then deducted from the 10% payable at that stage
Are they bound by any code of ethics or anything
You'll need a valuation for the mortgage (usually around €130-150), but won't, unless the valuer sees something very worrying, require a full structural survey for the mortgage.
That said, unless your friend is a qualified engineer or surveyor, I really would advise getting a structural survey (generally region €300-400) - while it's a pain to incur the cost, it's a lot better to pay the money now, rather than run into significant unanticipated costs after you've bought the house and will more than likely be low on funds. Check if your lender has a panel of valuers who are also qualified to carry out this work, and you may be able to get the survey and valuation for little more than the survey cost.
Best of luck!
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