R
He He. Just wait for the AAM thought police to arrive.Just head off to Australia or somewhere for a few years, let someone else take the hit, apartment is probably only worth half what you paid for it now anyway.
I would have thought if you had formally accepted the mortgage offer the lender could not withdraw because of loss of employment. As Clubman said consult your solicitor immediately.
This doesn't sound good enough to me. Your solicitor should be explaining your options and the implications of each to you. On the other hand s/he may not do this unless you ask.Yes, i've called solicitor - the reply was- do not get too upset, wait untill apartment is finished and then we'll talk to develper.
What has your solicitor advised?
This may sound stupid, but how can someone be forced to buy a property they simply can't afford.
BronteRe: Paid the deposit but no longer qualify for mortgage, how to get out of deal?
Yes the developer can sue you if you do not purchase when you have signed a contract to do so. But a developer will probably not sue someone who has no job and no assets as it would be a waste of time.
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