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It was on for offers over 525. We offered 577 and we’re told by the EA that it was really strong and the vendors might cancel viewings. They didn’t (not a surprise) and it went straight to best and final.
This is where I’m a bit flummoxed, as the EA said don’t feel you need up your offer as it’s so strong. So we stuck where we were. Got a call this morning to check size of deposit (10%) and then the news a couple of hours later it was a no.
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Absolutely bizarre. You must have your head in your hands thinking what more could I have done.
Unless of course someone offered about the same but had a much larger deposit than you or offered quicker completion terms ?
Fwiw I didn't get my new house straight away. Some utter whopper offered 60k over the guide price, fucked them about, then withdrew after a month. Then I got the call and got it for 5k more than my initial offer.
So you might still get a call about it in due course...
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Sorry to hear that, but I am not totally surprised that they were worried about the deposit. At 90% LTV you have so little room to manoeuvre and the likelihood of getting a valuation to come in 10% over asking seems low. If there is bleed-through from the general turmoil in markets atm to mortgage lending those 90%+ LTV products could easily go away in the next few months - it’s ugly out there.
If you don't want to give figures then fair dos but how much over the guide/asking did you go?