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She might be thinking of the 10% contract requirement. Basically you are supposed to lodge 10% of the purchase price with your solicitor on exchange. This is the money due to the seller if you fail to complete. Most sellers will accept the money owed to you by your buyer, plus your excess equity as surety without you needing 10% in real monies to be on deposit. If your seller is an arse you can use a bridging loan which your new mortgage provider will normally provide.
So no need to save your pennies, go buy another bike.
Ramsaye
Cheers, that's what I thought