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jjl
jjl
Posts: 5 Forumite
Hi Just new to this, but thought i would ask if anyone had ideas on the following.
I put down a deposit for a new build flat 18 mths ago, its just about due to complete, but its now it valued at 50,000 less, whats the best way to ask for a reduction in price, i still want to buy it but obviously the ones just being sold will be less, i have asked but the company say they wont be reducing .
Thanks for any suggestions:rolleyes:
I put down a deposit for a new build flat 18 mths ago, its just about due to complete, but its now it valued at 50,000 less, whats the best way to ask for a reduction in price, i still want to buy it but obviously the ones just being sold will be less, i have asked but the company say they wont be reducing .
Thanks for any suggestions:rolleyes:
0
Comments
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How much deposit/holding fee did you put down? What are the conditions for partial/full loss of deposit/fee?
Tell them (show them) the mortgage valuation. Take it or leave it, style.
Walk away if they don't agree to match. (hoping its just a £200 fee...)
If you've put down £20K...oh, dear.
Can you afford to make up the shortfall, as your mortgage lender will presumably only give you (price - £50,000) ?0 -
Thanks for your thoughts.I will try your suggestion,i suppose there are plenty more fish in the sea,at a better price,just fell in love with it though.0
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If they dont want to reduce the price, ask them to pay a gifted deposit of £50,000. That way the price on land registry remains high and everyone is happy!0
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