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newbieinvestor25
New Member
Hi All, I am looking to buy a second apartment (I live in the first one on a residential mortgage). I have placed a 5% deposit for an apartment with a 10 year rental assurance in place, and it will be completed in over a year, it is off plan, but have to pay 30% deposit in total for the property now (over a year before completion),is this correct? I did not realise i would have to pay the additional 25% straight away.
My solicitor has not taken me through the paperwork, is this normal? They do not respond to calls,only emails so left me confused with the finer details.
Am I at risk at the moment due to the covid 19 situation, banks are not lending. I have so many questions, just need some advice .I might just have to pull out as communication has been poor
My solicitor has not taken me through the paperwork, is this normal? They do not respond to calls,only emails so left me confused with the finer details.
Am I at risk at the moment due to the covid 19 situation, banks are not lending. I have so many questions, just need some advice .I might just have to pull out as communication has been poor
