Any reason not to accept an offer from someone with 10% deposit? They have an AIP (which of course may as well be toilet paper) but as long as banks are giving 90% mortgages they aren't ostensibly any less proceedable than someone with a larger deposit right?
Aside from obviously potential access to capital should they suddenly decide the house wants money throwing at it but can't really account for people getting fickle either way.
It could become an issue if the mortgage lender doesn't support the valuation. If you think the offer is toppy, you might be better going with your next best offer, assuming the LTV is much more favourable.
It’s 10k over asking, but asking was what 3 agents valued it at. (Again, I know that’s for the birds a little bit, but common sense dictates it’s within the realm of reasonable - especially with local comparisons)
Any reason not to accept an offer from someone with 10% deposit? They have an AIP (which of course may as well be toilet paper) but as long as banks are giving 90% mortgages they aren't ostensibly any less proceedable than someone with a larger deposit right?
Aside from obviously potential access to capital should they suddenly decide the house wants money throwing at it but can't really account for people getting fickle either way.