1) Offer made on our place in Scotland. Accepted. Took off market.
2) Four weeks later buyer's mortgage lender withholds funds days before the missives are concluded, sale fell through.
3) Back on market, 2nd home report required. Another £350 or whatever. Same surveyor reduced value by £8k.
4) 2nd buyer falls through because lender would not approve mortgage due to fraud on buyers credit record.
I enquired of the surveyor why the drop in valuation and he said because the property has been on the market for 4 months now. But two of those months were whilst it was 'under offer'
What the heck? And why are sellers in the UK not allowed to take a deposit?
2) Four weeks later buyer's mortgage lender withholds funds days before the missives are concluded, sale fell through.
3) Back on market, 2nd home report required. Another £350 or whatever. Same surveyor reduced value by £8k.
4) 2nd buyer falls through because lender would not approve mortgage due to fraud on buyers credit record.
I enquired of the surveyor why the drop in valuation and he said because the property has been on the market for 4 months now. But two of those months were whilst it was 'under offer'
What the heck? And why are sellers in the UK not allowed to take a deposit?
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