Hi all
We have gone sale agreed on our house about 4 weeks ago. The purchasers have signed the contracts but have not deposited the money for the deposit yet. On top of that bank has to come to do house valuation next week. The purchasers have mortgage approval in principle but just wondering, in this uncertain times, has it happened to anyone that their bank has come back to say that the won't give them the mortgage cos house is not worth as much as they're about to pay? Thanks
We have gone sale agreed on our house about 4 weeks ago. The purchasers have signed the contracts but have not deposited the money for the deposit yet. On top of that bank has to come to do house valuation next week. The purchasers have mortgage approval in principle but just wondering, in this uncertain times, has it happened to anyone that their bank has come back to say that the won't give them the mortgage cos house is not worth as much as they're about to pay? Thanks