24-01-2007, 22:15
|
#18
|
|
Resident Waffler
Join Date: Jun 2004
Location: Accrington, Hyndburn
Posts: 18,142
Liked: 14 times
Rep Power: 1062
|
Re: Council's way of Selling Houses
Quote:
Originally Posted by entwisi
you get a mortgage guarantee from teh lender
If you win you take it up, if you don't they let it lapse
|
But that wouldn't necessarily mean they would lend for a specific property if it doesn't value up to what you committed to pay for it does it? It only relates to your credit worthiness and the amount they will lend against your salary etc. |
|
|