Hi,
We have had an offer on a house accepted and paid a 5k booking deposit on the house. Mortgage is arranged by BoS (100%).
They don't allow the deposit to be drawn down, so where will we get the funds together for the contract deposit.
If the deposit is 10%, we're looking at 26500 to borrow, and more or less pay back when we get the keys(and deposit back).
Whats the advice on this, I've looked around and only some banks allow a 12month loan.
Any advice ?
We have had an offer on a house accepted and paid a 5k booking deposit on the house. Mortgage is arranged by BoS (100%).
They don't allow the deposit to be drawn down, so where will we get the funds together for the contract deposit.
If the deposit is 10%, we're looking at 26500 to borrow, and more or less pay back when we get the keys(and deposit back).
Whats the advice on this, I've looked around and only some banks allow a 12month loan.
Any advice ?