Cash buyer

Albermarle

As a cash buyer you should expect to get some benefit over potential buyers who need a mortgage (maybe being selected by the vendor over other comparable offers; maybe a slight discount)

There has been discussion about this in previous threads, and some people say having a cash buyer is a disadvantage over someone using a mortgage. ( assuming that both are chain free, which is the most important criteria) . The reason is that it is felt cash buyers are more likely to pull out at the last minute, possibly because when it comes to the crunch they can not come up with the cash, ( despite passing AML checks etc ) or are generally more fickle.

Although someone with a mortgage and only a small deposit ( <10%) would worry me, if they had a 20% + deposit, I would not consider them inferior buyers to a cash buyer.

ExEstateAgent

So many people say they're cash buyers and then down the line end up applying for mortgages.

I expect the EA is just trying to protect the vendor from this happening.