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Holding deposit
hardtimes
Posts: 345 Forumite
Hi
A number of local EA are asking for a holding deposit of £2000 on their for sale properties.Is this a new idea,who holds the deposit ie solicitor and what happens if the sale falls through or the buyer pulls out?
A number of local EA are asking for a holding deposit of £2000 on their for sale properties.Is this a new idea,who holds the deposit ie solicitor and what happens if the sale falls through or the buyer pulls out?
0
Comments
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Wouldnt go near any estate agent that asks for this."You were only supposed to blow the bl**dy doors off!!"0
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I've never heard of this via an Estate Agnet but it is quite common for a builder to ask for a £1000 deposit when you buy a new build property. Could the EA only be asking for a deposit on certain houses? It might be something which has come from the individual vendor.0
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