Quit Job before exchange?

lindsaygalaxy

I think she is providing the deposit! Sadly, I dont think I Will be able to convince them otherwise and they will just hope it all goes through ok.

getmore4less

Deposit and ends up paying the mortgage as well.

getting taken for a ride.

kingstreet

jcgalliard wrote: »

Yeah totally I agree.

But in a "genuine" case of someone losing there job between exchange and completion - what would happen to the deposit if the lender found out/was told?

Lender would still withdraw offer, to protect itself from increased risk.

Exchange places no obligation on lender and borrower would be left in same position whether resignation/job loss was disclosed or not.

Offers are withdrawn following new information, such as a change in credit position between application and completion. It doesn't happen often, but there have been thread on here about it.