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Change of property sale price
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otmotm
Posts: 35 Forumite
Hi all,
Just a quick one. When there is a negotiation in the purchase/sale process that results in the reduction of the sale price of the property (under £2,000), what do the lenders do - is it a complicated, long drawn out process to amend this and get approved again for the buyer?
Just a quick one. When there is a negotiation in the purchase/sale process that results in the reduction of the sale price of the property (under £2,000), what do the lenders do - is it a complicated, long drawn out process to amend this and get approved again for the buyer?
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It depends on the lender, whatever their current processing times are, and whether the change upsets the LTV percentage.1
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