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you got the place right?!
yep. we felt a bit cheeky having to go back to the vendor and tell them, but at the end of the day it was out of our hands. in the end, i think we ended up coming to a deal where we paid a bit more than the mortgage company said it was worth and covered that gap by increasing our deposit...
Yeah that happens. Have been told it's more an issue with first time buyers when it's all the mortgage company's money on the line (we're putting in just under 50% of our own equity from our current place) but... you got the place right?!