Hi,
We have accepted an offer for our house and there is a shortfall of circa 40k. We approached the bank at the time of going sale agreed and gave them figures etc and were told that they would contact us regarding dealing with the shortfall balance.
Roll on 8 weeks and our buyers solicitor is looking for confirmation from the bank that the sale is ok to close. My solicitor has received a request from the bank provide a few details and have also asked us to put forward a proposal on how the 40k will be repaid.
How do I prepare such documentation and also what fo I need to include. The bank have asked us to send in a proposal in writing and they will take it from there. Please help!
We have accepted an offer for our house and there is a shortfall of circa 40k. We approached the bank at the time of going sale agreed and gave them figures etc and were told that they would contact us regarding dealing with the shortfall balance.
Roll on 8 weeks and our buyers solicitor is looking for confirmation from the bank that the sale is ok to close. My solicitor has received a request from the bank provide a few details and have also asked us to put forward a proposal on how the 40k will be repaid.
How do I prepare such documentation and also what fo I need to include. The bank have asked us to send in a proposal in writing and they will take it from there. Please help!