Finance & Lending
It may be a provision of your purchase for you to obtain finance which will be mentioned under “Subject to Finance” clause, and it is crucial to ensure that this section of the Contract Note is completed in its entirety. If this section of the Contract Note is not completed to inform that the purchase of the property is “subject to finance”, the Contract will be known as unconditional and it will be expected for the purchase to take place, irrespective of whether or not you have the money to purchase the property.
However, if unfortunately you do not obtain finance by the due date, the Contract Note will be void and you will be entitled to a refund of any deposit paid. Should you require more time to obtain finance, we can request an extension be issued on your behalf however, it may be best that Finance approval is obtained prior to purchasing a property and we can assist you to allocate a Mortgage Broker most suited to your needs and requirements.