I know that deposits get paid on day of exchange, and it filters down the line, and it's usually 10%. Say we're given a deposit of £50k, and we're supposed to give £60k, where do we find the extra £10k? We were banking on using equity as we used our savings on doing our loft conversion, but how does that work if you don't get the money until completion?
Can you tell we've never sold a house before?
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Numpty question: using equity for the deposit on the next house
2 replies
LizLemon · 17/08/2014 19:45
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