We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
retention
tiff90
Posts: 4 Newbie
Hi I'm not sure if this is in the right section but just wondering if anyone knows if the mortgage company are keeping retention on the mortgage will it change if the purchase price is reduced or is the retention fixed regardless of purchase price?
0
Comments
-
The retention has no impact on the purchase price.
It would usually be grounds to negotiate a lower purchase price though. That's your job, not the lender's.0
This discussion has been closed.
Categories
- All Categories
- 347.2K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.8K Spending & Discounts
- 239.4K Work, Benefits & Business
- 615.3K Mortgages, Homes & Bills
- 175.1K Life & Family
- 252.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards