it states-
The contract also provides for a penalty interest rate, which is stipulated to be 4% above the base rate of Barclays Bank Plc. This penalty rate will only apply should the contract be breached'
sorry for being thick- I cant ring the solicitors because its saturday- I really want to get this paperwork igned and sent off today. Its taken bloody six months to get this far.
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House purchase- just about to sign 'contract & transfer' paperwork- can someone with more brain cells than me explain this paragraph to me?
2 replies
tiredemma · 11/12/2010 09:11
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