Buying without Estate Agent

Yorkie1

It doesn't work that way. You end up with people giving conflicting advice or duplicating their time and efforts. Also can mean that different versions of the story come out. As Holly H says, one thread is forum etiquette.

_Andy_

Yorkie1 wrote: »

It doesn't work that way. You end up with people giving conflicting advice or duplicating their time and efforts. Also can mean that different versions of the story come out. As Holly H says, one thread is forum etiquette.

Or in the case of the OP, you don't like the answer to your question so you keep ploughing on regardless

OMAR

its not that i dont like the answer......can an op not pursue something if they think they have a genuine case? Just because a doctor says uve havent got cancer doesnt mean hes right.....a second opionion can be asked for......same analogy!

holly_hobby

Of course you can seek advice from anywhere you wish .....

But you will find that those who may agree with your view point, & see your proposals as pefectly acceptable, aren't professionally experienced.

But that is the chance you will take, you'll only waste your own time in submitting a mortgage application that will be rejected regarding a vendor gifted deposit. (assuming you meet the lenders status enquiries)

As suggested in my first post, you need to speak to a lender in general, to see if they will accept any legal documentation/formal recording you have of the loan, against the mge reqd.

If you don't have such proof, and/or the lender won't accept the arrangement - you will need to put down your own monetary deposit to furnish the purchase (as Vendor deposits are no longer accepted in the mge industry).

H