I'll keep this as short as possible. We went sale agreed on a house for €260,000. It is currently at an early stage, booking deposit only paid two days ago. We are funding it with a €180,000 mortgage, €40,000 of our own savings and a family gift of €40,000. (We have extra money to cover the solicitors fees etc).
My question is at which point is the money transferred over ie. our €80,000 deposit less booking fee? Is this at the contract signing stage or towards the end when the mortgage cheque is drawn down?
Thanks