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Fonty
Newbie
Joined: 19Nov2007 Location: United Kingdom Online Status: Offline Posts: 0 |
![]() Posted: 16Jul2008 at 8:51am |
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Mark, do you know roughly what the requires are?
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manor park
Senior Member
Joined: 13Feb2007 Location: United Kingdom Online Status: Offline Posts: 156 |
![]() Posted: 16Jul2008 at 1:56pm |
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Mark
we are also talking three years down the line and things change, I can't see the value in doing it now?
MP
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Fudge
Senior Member
Joined: 25Aug2007 Online Status: Offline Posts: 152 |
![]() Posted: 16Jul2008 at 2:19pm |
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BCP confirm that the mortgage doesn't have to be in place prior to exchange, however once we exchange we are legally bound to purchase the property.
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Cazbiz
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BlueFish
Admin Group
Mark Hargreaves Joined: 27Dec2006 Location: United Kingdom Online Status: Offline Posts: 683 |
![]() Posted: 16Jul2008 at 3:05pm |
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Manor, I agree.
Fudge, you are legally bound if you don't evoke Article 9 in the report.
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Mark Hargreaves
BlueFish Property Services |
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Fudge
Senior Member
Joined: 25Aug2007 Online Status: Offline Posts: 152 |
![]() Posted: 16Jul2008 at 3:11pm |
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If we assign the contract before completion we may never need a mortgage but this would depend upon finding a buyer.
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Cazbiz
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BlueFish
Admin Group
Mark Hargreaves Joined: 27Dec2006 Location: United Kingdom Online Status: Offline Posts: 683 |
![]() Posted: 16Jul2008 at 3:20pm |
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Fudge, that is Article 12, have a look at look at Article 9.
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Mark Hargreaves
BlueFish Property Services |
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Fudge
Senior Member
Joined: 25Aug2007 Online Status: Offline Posts: 152 |
![]() Posted: 16Jul2008 at 3:58pm |
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Sorry Mark. I see what you mean but that clause seems punitive as I don't suppose anyone would want to end up 10% down on their original investment.
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Cazbiz
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Jonsey
Newbie
Joined: 08Jan2008 Location: United Kingdom Online Status: Offline Posts: 23 |
![]() Posted: 16Jul2008 at 7:45pm |
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Mark,
Do you know the criteria for obtaining a mortgage in principal?
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joey
HiFlyer
Joined: 26Feb2008 Location: Ireland Online Status: Offline Posts: 85 |
![]() Posted: 17Jul2008 at 1:05pm |
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Hi all Joey here just some general news Martinsa- Fadesa Spains biggest builder has filed for protection from creditors has deaths of 4 bill. sterling and is at the moment building varies projects in Morocco.
www.thepost.ie 15/07/2008
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Joe Dublin Ireland
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manor park
Senior Member
Joined: 13Feb2007 Location: United Kingdom Online Status: Offline Posts: 156 |
![]() Posted: 17Jul2008 at 2:06pm |
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joey
can't see the story, can you post a link directly to it rather than have to search the paper.
Cheers
MP
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