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Opt out before its to late, Advice
happyfish_2
Posts: 8 Forumite
Hi all.
looking for a bit of advice.
we are in the process of buying a house, bargain even in todays market
Lady died so no chain to upset
Got the mortgage very easy for first time buyers with only 5% dep.
everything is moving forward.
banks Survey done.
just had the Mortgage papers in to sign, and then hand the solicitor the 5%.
Just found out that the company I work for are struggling.
HAVE NOT signed the papers yet
can we still pull out.
looking for a bit of advice.
we are in the process of buying a house, bargain even in todays market
Lady died so no chain to upset
Got the mortgage very easy for first time buyers with only 5% dep.
everything is moving forward.
banks Survey done.
just had the Mortgage papers in to sign, and then hand the solicitor the 5%.
Just found out that the company I work for are struggling.
HAVE NOT signed the papers yet
can we still pull out.
0
Comments
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As long as you have not actually exchanged contracts.I am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Yes, you can pull out even after exchanging, although it's highly un-recommended as you lose your deposit!0
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Phoned everyone on friday to say I wasn't going ahead with purchase.
bank told me I still have to pay the £999 setup fee, which is better than getting in big trouble with mortgage.
Just wondering if this is right, as it was only a mortgage offer until I signed the papers?
cheers0
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