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.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Why does vendor care about my deposit?
Comments
-
cashbackproblems wrote: »Do you really think offering 1k more is going to make any difference? Sellers will even overlook an offer of 10k more if its unreasonable they can obtain that amount or are in a chain etc.
The most important thing is your LTV e.g, 80% or less is ideal and having a Mortgage in Principle (which you should NEVER show/tell the EA before the offer has been accepted!).
Well something made a difference... they accepted our offer with 90% LTV rather than the 84% LTV on 1k less.
*we aren't in a chain btw, maybe that's the reason?0 -
cashbackproblems wrote: »Do you really think offering 1k more is going to make any difference? Sellers will even overlook an offer of 10k more if its unreasonable they can obtain that amount or are in a chain etc.
The most important thing is your LTV e.g, 80% or less is ideal and having a Mortgage in Principle (which you should NEVER show/tell the EA before the offer has been accepted!).
Given how often I've seen people on here post that they accepted a lower offer because the buyer: promised to complete quickly/wasn't in a chain/was a cash buyer/had been fully vetted (delete as appropriate) only for it to turn out 2 months down the line they were in a chain of 6, waiting on the buyer's mortgage offer and gifted deposit to come through, I'd choose the highest offer. Every. Single. Time.3.9kWp solar PV installed 21 Sept 2011, due S and 42° roof.
17,011kWh generated as at 30 September 2016 - system has now paid for itself. :beer:0 -
princeofpounds wrote: »I think beefturnmail is referring to the deposit paid on exchange (which is different to the deposit amount we normally talk about, the amount of equity being injected by the buyer into the purchase). It is annoying the terminology is so similar.
Yes I was - sorry for any confusion!
Good look OP - hope it goes through ok0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards