Hi
I have bought house in new development, contracts are signed and due to close in 4 weeks. The purchasers of my current house have payed booking deposit, and have now signed contracts but without paying 10% deposit. Im told by my estate agent that they are getting 100% finance, and dont have this sort of money at the moment. He's advising me to go ahead. Surely this is risky for me? Things are getting very tight now, would appreciate some advice. Thanks.
I have bought house in new development, contracts are signed and due to close in 4 weeks. The purchasers of my current house have payed booking deposit, and have now signed contracts but without paying 10% deposit. Im told by my estate agent that they are getting 100% finance, and dont have this sort of money at the moment. He's advising me to go ahead. Surely this is risky for me? Things are getting very tight now, would appreciate some advice. Thanks.