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  • Thanks for that.
    Guess it comes down to whether the seller will wait long enough.
    Not sure what difference a week will make to the neighbour's estimates of affordability or likelihood of getting a mortgage.
    We've got agreement in principle, will put down 80%+ deposit and our house sale is set for end of Jan.
    The house went on the market on Saturday, first viewings Monday, we viewed it Tuesday, by Wednesday it had 3+ offers. Neighbour had to act quick!

  • Fingers crossed that the neighbours find it more difficult than expected to get finance in a timely manner (which is generally the case at the moment).
    Definitely worth a mid week call next week to the agents to remind them of the 1 week 'deadline'.
    You might know this already, but be prepared to not get 20% deposit mortgage rates if you've gone above asking price. 80% products will be available to you based on the lender's valuation of the property that you're buying not the purchase price, so if the lender doesn't agree with the purchase price, you'll have to go for an 85% mortgage, or put in the difference.

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