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becoming a cash buyer

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Comments

  • aeronic
    aeronic Posts: 11 Forumite
    Thanks otter1. What is the purpose of checking a low LTV: surely if a mortgage company agrees to the mortgage, its going to go ahead??
  • otter1_2
    otter1_2 Posts: 91 Forumite
    aeronic,

    Dunno! Perhaps it makes them think we're more serious about buying (all that cash 'lying around with nothing to do' - nothing except earn lovely interest, obvo!)
  • dweeby
    dweeby Posts: 238 Forumite
    aeronic wrote: »
    Has anyone else done this, and how much leverage did it provide (I assume more at the buying end than the selling price).
    We've just done it, and had to pay slightly over the asking price of our dream home. Thing is though, there was an offer £10k more than ours from someone with a house to sell - and our offer was accepted!

    Leverage? at least you're the one who can proceed...
    Andy
    The older I get, the better I was...
  • Bf109
    Bf109 Posts: 634 Forumite
    Part of the Furniture 500 Posts Combo Breaker

    Bwuno! He's hilarious! I didnt knows de strs were like lychees!
    [FONT=Arial, Helvetica, sans-serif]Rise like Lions after slumber
    In unvanquishable number -
    Shake your chains to earth like dew
    Which in sleep had fallen on you -
    Ye are many - they are few.
    [/FONT]
  • m00m00
    m00m00 Posts: 1,755 Forumite
    house prices might be coming down,

    but umbrellas are always going up in Bruno's world.
    It's a health benefit ...
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