Subject to finance

[albanga]

Quick question,
If a subject to finance clause is in place and is unsuccessful for whatever reason.
Is there any cost at all to the attempted buyer?

For example if you pay the deposit, would you need to pay a solicitor to organise this returned?

In brokers experiences, have you seen a client lose money with a failed subject to finance clause?

 

[Jamie M]

If you pull out of the deal - the solicitor may still charge a fee for reviewing the contract, etc which is reasonable.

Depending on the state - you may get all of the deposit back.

Cheers

Jamie