There are a
few things that could go wrong and here are some of them:
You get refused for a mortgage
with our lender. If this happens
then there is nothing we can do. We
will refund any fees you have paid us if this happens.
The property does not value up
enough. Two things can happen. It may mean that you will have to put
down something. This could be 1% up
to 15% of the purchase price. It
will be up to you. The good thing
is you can walk away if you want as you will not be legally committed to
buy. You can trust however we will
do all that we can to get the property valued up as high as possible. We have people trained in steering the
property's value to the higher end of the market value range of the
property. Or we can simply go back
to the vendor and get them to reduce the price.
The lender withdraws the
loophole. If this happens we will
search for alternatives in the market.
If none exist then we can use a more sophisticated no money down
technique which is a bit more complex but can be done. There will be slightly more fees
involved but the choice will be yours.
If you are in the middle of the property purchase then at least you
have an alternative.