Hi,
Me and my partner have put a reservation fee down on a house which was £100, we are now waiting to do the application for the mortgage (we have already had it down in principal) then we are exchanging contracts come february time and i have to put down £1000 towards the deposit and they have given us until the beginning of june to come up with the rest of the deposit which will be £3900 to pay. We dont have stamp duty or solicitor fees to pay. We could save up about £2,500 by then but it wouldnt be enough so we are talking about taking out a loan after we have exchanged contracts. Could that be possible at all without the mortgage company finding out, or is that classed as fraud or what? Not really sure? Advice will be very much appreciated. Thank you
Me and my partner have put a reservation fee down on a house which was £100, we are now waiting to do the application for the mortgage (we have already had it down in principal) then we are exchanging contracts come february time and i have to put down £1000 towards the deposit and they have given us until the beginning of june to come up with the rest of the deposit which will be £3900 to pay. We dont have stamp duty or solicitor fees to pay. We could save up about £2,500 by then but it wouldnt be enough so we are talking about taking out a loan after we have exchanged contracts. Could that be possible at all without the mortgage company finding out, or is that classed as fraud or what? Not really sure? Advice will be very much appreciated. Thank you
