I understand that I have to show my lender evidence of the deposit/increased equity I need to fund our move to a bigger house on the 26th july 2013.
As we have very little equity in our current house, the remainder of the money will be funded from savings... and our pay, right up till the day before the exchange... (I know!).
Does the physical movement of the money only occur on the day of exchange? If so, we are completely fine. Im just concerned that money will start to move early and the whole thing will bounce...
The wife and I live off my wage, and have been saving hers. Its a pain that we have little breathing space and need her pay the day before the exchange.
As we have very little equity in our current house, the remainder of the money will be funded from savings... and our pay, right up till the day before the exchange... (I know!).
Does the physical movement of the money only occur on the day of exchange? If so, we are completely fine. Im just concerned that money will start to move early and the whole thing will bounce...
The wife and I live off my wage, and have been saving hers. Its a pain that we have little breathing space and need her pay the day before the exchange.