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Panicking!! Exchange deposit
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Yes, and your solicitor will be used to dealing with FTBs with 95% mortgages. They're not going to expect you to find an additional 5% from somewhere for the purposes of the contractual deposit. That wouldn't make any sense.stillwaiting1 said:
And it was the person dealing with my case, the solicitor that said we aren't far from exchanging. It quite clearly says I am a first time buyer in my post so don't know the ins and outs of buying a property.user1977 said:
It would be more sensible than asking people on a web forum who aren't dealing with your transaction! If you haven't seen a draft contract then you might not be that close to exchanging.stillwaiting1 said:
I might email my solicitor today and ask.GDB2222 said:The standard deposit is 10%, but you can agree 5%.
It should be in the draft contract. Have you signed that yet? If so, you must have seen what it said about the deposit?1
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