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Buy to let mortgage buyer
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Yes, anybody can, but they won't get very far with no money to secure. I bought a house 3 years ago, I offered, buyers accepted, only then did I happen to mention I would be paying cashkiwi07 said:
So they can even put an offer without having a mortgage in principle at all?AskAsk said:
only after he has made the offer and you are acceptable to it, will the EA have legit stand to request proof of funds. some EA will insist on seeing the mortgage in principle before showing a property but i don't think this is common as some people can get that after they have viewed the property and is interested to go and get a mortgage agreed.kiwi07 said:Do I have to let that buyer even to view my property on that basis? Or they only have to do the check of proof the funds and mortgage agreed if he makes the offer?0 -
There's no guarantee a cash buyer might not decide to get a mortgage at a later date.1
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anyone can put in an offer. whether you will accept it is up to you. so when you get an offer, check what they have in place before accepting the offer.kiwi07 said:
So they can even put an offer without having a mortgage in principle at all?AskAsk said:
only after he has made the offer and you are acceptable to it, will the EA have legit stand to request proof of funds. some EA will insist on seeing the mortgage in principle before showing a property but i don't think this is common as some people can get that after they have viewed the property and is interested to go and get a mortgage agreed.kiwi07 said:Do I have to let that buyer even to view my property on that basis? Or they only have to do the check of proof the funds and mortgage agreed if he makes the offer?1 -
this is part of the game strategy that some people will use. they say that they are a cash buyer to get the property cheaper than other parties, then 3 months down the line, they say they will get a mortgage instead. there is never any certainty with the sale and purchase process as neither party is bound by any promises that they had made at the beginning of the transaction, which I think is wrong but that is the law.Hoenir said:There's no guarantee a cash buyer might not decide to get a mortgage at a later date.2
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