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Help with issues buying first property

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Comments

  • Bob_Bank_Spanker_2
    Bob_Bank_Spanker_2 Posts: 183 Forumite
    It's not a gift if you pay it back - that is called a loan.
  • Ara1985
    Ara1985 Posts: 61 Forumite
    Fourth Anniversary 10 Posts Combo Breaker
    RedHitman wrote: »
    And it didn't occur to you that they're asking for proof of funds in order to, you know, actually see that you can afford the house (and associated costs)...?!
    Wow.

    They specified '30K deposit'
  • da_rule
    da_rule Posts: 3,618 Forumite
    Sixth Anniversary 1,000 Posts
    Ara1985 wrote: »
    They specified '30K deposit'

    That is probably just them not really knowing what terminology to use. Just show them proof that you have the £30k and get the ball rolling.
  • dontpanick
    dontpanick Posts: 18 Forumite
    Congrats on finding somewhere and your first purchase, it's such a minefield!

    Many people only have 5% so I don't understand why EA have such a quibble with it, perhaps they are hoping for a higher offer and therefore making excuses not to take it off the market, who knows! I would just send them proof of the 10%, 26k
  • Ara1985
    Ara1985 Posts: 61 Forumite
    Fourth Anniversary 10 Posts Combo Breaker
    dontpanick wrote: »
    Congrats on finding somewhere and your first purchase, it's such a minefield!

    Many people only have 5% so I don't understand why EA have such a quibble with it, perhaps they are hoping for a higher offer and therefore making excuses not to take it off the market, who knows! I would just send them proof of the 10%, 26k

    I think this is very much the case since they have been stalling from the start.
  • Ara1985
    Ara1985 Posts: 61 Forumite
    Fourth Anniversary 10 Posts Combo Breaker
    I was advised my mortgage broker today to NOT send any bank statements to the estate agents and tell them to contact my solicitor.
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