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Renting the property I want to buy
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I have no idea if it is or not. I'm merely suggesting a situation where those three would already be in place.Really?
I admit I've not checked the OP's posting history for what he might have said elsewhere, but nothing I can see in this thread indicates that....
We do know that the vendor is probably not living in the property, though, and doesn't appear to be reliant on it for a chain.0 -
The property has never been let as far as I'm aware. The vendor and her partner have two properties both in the process of being sold.
So yes, I agree, the situation is certainly more in my favour. Checking off all the legal aspects leave the vendor more exposed than me.
I guess I'll know more by the end of the week.0 -
This sounds similar to people in our chain. If they cannot complete on their purchase by 1/7, they have agreed to initially rent the property from their vendor. I gather that the property has no mortgage though, it is owned outright by the vendor.0
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