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Comments
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If your dad is insistent on jumping through their hoops, at least try to make sure that they compromise on a £5k CONDITIONAL deposit so that he gets his money back if the seller pulls out without good reason.
What is it about your dad's circumstances that the sellers don't like? Is it because his house isn't sold so they aren't convinced that he can finance the purchase? Which property is he getting the BTL mortgage on? The one that is up for sale or another one which is currently (and will continue to be) let out?
I'd try to get the compromise such that the sellers are only entitled to keep the £5k if the circumstances that they are afraid of materialise, i.e. if they are worried he can't get the mortgage and he doesn't, he shouldn't have jumped in with both feet. If he gets the finance and then the survey says the house is falling down, he can have his money back.0 -
ProtectingMyFamily wrote: »The £5k - "its the increasing trend for up here" unquote.
Sounds like a bribe/bung of some sort...0
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