Buying property - advice
Discussion
Hey nick. If you can that would be fantastic. Do you have my email?
One thing I noted was whether she has the right paperwork given the clause that you lose your deposit if the sale falls through. She has the mortgage agreement pre-approved. Is this sufficient? I've no idea how this works tbh.
One thing I noted was whether she has the right paperwork given the clause that you lose your deposit if the sale falls through. She has the mortgage agreement pre-approved. Is this sufficient? I've no idea how this works tbh.
shirt said:
Hey nick. If you can that would be fantastic. Do you have my email?
One thing I noted was whether she has the right paperwork given the clause that you lose your deposit if the sale falls through. She has the mortgage agreement pre-approved. Is this sufficient? I've no idea how this works tbh.
Can you pm it to me....probably changed emails since we last spoke.One thing I noted was whether she has the right paperwork given the clause that you lose your deposit if the sale falls through. She has the mortgage agreement pre-approved. Is this sufficient? I've no idea how this works tbh.
Generally, the deposit is only at risk if you change your mind, and pull out. If finances are not in place come deadline day, assuming the bank (s) keep you hanging, then all bets are off and you'll get your deposit back....if you all agree. Othwise you just extend the actual purchase date, but this has to be a mutual agreemeny (buyer and seller).
did you get my PM nick?
latest is now that the bank has evaluated the value of the property below that of the agreed sale price so she has a shortfall in funds.
is there any way to challenge this valuation? the property was already circa %10 less than the next cheapest identical one on the market [of which there are plenty - large development] so i can't fathom how they've arrived at this figure [another 10% below the asking, 20% below market].
latest is now that the bank has evaluated the value of the property below that of the agreed sale price so she has a shortfall in funds.
is there any way to challenge this valuation? the property was already circa %10 less than the next cheapest identical one on the market [of which there are plenty - large development] so i can't fathom how they've arrived at this figure [another 10% below the asking, 20% below market].
shirt said:
did you get my PM nick?
latest is now that the bank has evaluated the value of the property below that of the agreed sale price so she has a shortfall in funds.
is there any way to challenge this valuation? the property was already circa %10 less than the next cheapest identical one on the market [of which there are plenty - large development] so i can't fathom how they've arrived at this figure [another 10% below the asking, 20% below market].
Yes, push back on the bank.latest is now that the bank has evaluated the value of the property below that of the agreed sale price so she has a shortfall in funds.
is there any way to challenge this valuation? the property was already circa %10 less than the next cheapest identical one on the market [of which there are plenty - large development] so i can't fathom how they've arrived at this figure [another 10% below the asking, 20% below market].
The wife works in Mortgages for an international bank, there should be someone willing to have another look, even if it costs another valuation fee with another surveyor.
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