Hi forumites,
I've got a friend of a friend who recently organised to buy a block of land from a new estate with a delayed settlement over 18 months. Settlement is coming up in November but they have been made redundant and are worried they will be unable to obtain finance. The block has gone up by about 15% of the agreed settlement price. I've never dealt with this type of situation so just wondering if anyone has a good site or any feedback I can let them know about. I've heard of different strategies where you can resell a property with never having it in your name would that be possible in this situation or would it be to late since there was no clause in the contract? Any help would be greatly appreciated.
I've got a friend of a friend who recently organised to buy a block of land from a new estate with a delayed settlement over 18 months. Settlement is coming up in November but they have been made redundant and are worried they will be unable to obtain finance. The block has gone up by about 15% of the agreed settlement price. I've never dealt with this type of situation so just wondering if anyone has a good site or any feedback I can let them know about. I've heard of different strategies where you can resell a property with never having it in your name would that be possible in this situation or would it be to late since there was no clause in the contract? Any help would be greatly appreciated.
