Technology0 min ago
Decisions In Principle
8 Answers
Ok so I've found a mortgage company with a fantastic offer for my situation but they don't do decisions in principle. The estate agents won't let me put an offer in on the house without a decision in principle so what am I supposed to do?
Answers
1 to 8 of 8
Best Answer
No best answer has yet been selected by Angelnurse. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
Point out to the estate agent that he/she has a duty to his/her client to forward all offers to the vendor (although he/she can, of course, explain to the vendor any problems that they might foresee with particular offers).
If you can't persuade the agent to forward your offer, then try to contact the vendor directly to explain your problem and make your offer. (That won't be difficult if the vendor is still living in the house you want to buy!). While the vendor will be contractually obliged to pay commission to the agent even if they sell other than through that agent, there can be nothing in the contract to prevent them from actually doing so.
If you can't persuade the agent to forward your offer, then try to contact the vendor directly to explain your problem and make your offer. (That won't be difficult if the vendor is still living in the house you want to buy!). While the vendor will be contractually obliged to pay commission to the agent even if they sell other than through that agent, there can be nothing in the contract to prevent them from actually doing so.
-- answer removed --
1 to 8 of 8
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.