Hi, buying a flat here in Scotland but have a question I can't find explanation for:
When I received the qualified acceptance from the seller's solicitor, I wasn't too confident of buying this property but I was told from my solicitor these will be negociated in due time.
I have now received the mortgage documents which my solicitor wants me to sign, but I am shocked by the fact he wants me to commit to this debt with the bank before we can negociate with the seller about the purchase conditions.
Is it always done this way?
I was expecting to negociate first and once all parties are happy, then I can commit my obligations with the lender.
What would happen if the seller and I can't get a deal and I ended up not buying the property? What do I do with the mortgage?
When is the exact moment my solicitor was talking about when he said 'in due time'?
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Mortgage vs conveyances. What goes first?
5 replies
Shinji78 · 27/10/2020 14:25
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