We have a buyer ask for their second finance extension. Nothing done in relation to finance in the first 14 days as per contract. They went on a nice holiday. An extra 10 days sought due to the bank requiring more time. Now another 14 day extension sought.
Does a buyer need to prove that they actually applied for finance? Am I entitled to ask for a letter from their bank that they require more time?
If I grant the latest request can I add conditions such as proof of preapproval and valuation to be completed by x date followed by final approval by x date upon which contract becomes unconditional.
Does a buyer need to prove that they actually applied for finance? Am I entitled to ask for a letter from their bank that they require more time?
If I grant the latest request can I add conditions such as proof of preapproval and valuation to be completed by x date followed by final approval by x date upon which contract becomes unconditional.