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Redundancy pre contract exchange
Comments
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i wouldn't like to give advice one way or another, however, when me and a mate were off to uni, we bought a house together (based on our jobs in our year out) then quit.
In hindsight it was pretty risky, but we rented out all spare rooms and didn't really have to pay anything for the time we were students.
big risk but we have now got a house worth more than double our mortgage, even with the current market and had 4 years of cheap living.0 -
Walk away, only a fool would go ahead and exchange0
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Quote:
Originally Posted by Robert_Sterling
Ask your solicitor about your current position.
If he advises that you complete the transaction ask him to put this advice in writing.
If he's doing any work on behalf of the mortgage co. he will be legally bound to pass the info. on.]
That's right. In nearly every case where there is a mortgage the solicitor will also be acting for the mortgage lender so he will have this duty.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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