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Cancel the buying of house

Last post Tue, May 13 2008, 8:25 PM by veloxuk. 1 replies.
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  •  Tue, May 13 2008, 7:59 PM

    Cancel the buying of house

    Reply Quote Spam

    Hi,

    We are about to buy a new home in hounslow. The home will be ready in July 2008. For which we have paid 5% to the builder. I also have the mortgage offer approved in the December 2007 valid for 6 months

    But due to an accident I have to take off from my job and I have changed the residence location also meanwhile. It might make my mortgage offer invalid. Can I cancel the buying contract in this circumstances? will builder return my deposit (5%) in the event of mortgage offer being cancelled?

    Please advice.

    DP
    • Post Points: 20

  •  Tue, May 13 2008, 8:25 PM

    Re: Cancel the buying of house

    Reply Quote Spam
    Very much doubt it as its a deposit to buy, you entered into a contract. You maybe lucky and they may but to be honest very unlikely
    • Post Points: 5