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Shall I contact seller directly?

2»

Comments

  • SquatNow
    SquatNow Posts: 2,285 Forumite
    Couple of weeks aint exactly a long wait considering Ahs is ready to go and the house is still being advertised 2 weeks after accepting an offer from a supposed more "compatible" purchaser.

    What if his mortgage fell through or the bank decided it wasn't prepared to offer as much for the house. Or the bank asked for an extra survey. Or asked for more proof of ID/income/whatever, or any one of another million things that can go wrong with a mortgage.

    A quick look at the number of comments on MSE from sellers who have suddenly found their buyers are struggling should give you some idea of the risks.

    Cash is king.
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • Well I guess that's the UK housing market done for then Squat - anyone want to rent an office????
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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