The purchaser is claiming that she want to get 100% mortgage to be drawn down on closing, however we also believe she is an investor (didn't think they could get 100% mortgage)
Why should I pay 10% deposit when im going to get 100% mortgage?
yankinlk said:There may not be a master plan for your buyer to cancel the sale at the last minute - in fairness who would bother?
and an agreed closing date of June 1st.
I lender was basically making me go through a formal loan application for the bridging finance that would incur more cost over a six month period and the gap I needed to bridge was about a two week one!
with the booking deposit with the estate agent approx March 5th.
Would you be willing to accept a contract rom a buyer without a deposit? i.e. there may be no financial penalty if the buyer decides to pull out.
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