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What does "cash offers only" mean when buying a house?
Or someone who prefers not be hanging on wondering if their buyer will actually get their mortgage approved - so many sales are dropping through because some don't appreciate how much tighter mortage lending conditions have become.
I'd have thought this was the most likely reason as all money reaches they buyer in 'cash' once it is transferred from solicitors.
Money laundering regs would probably make buying a house with a bag full of notes quite awkward, not impossible but time consuming.
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