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Booking deposit before letter of offer

macgrub · 2017-09-13 21:31:09

We've seen a house we love and are looking to place a booking deposit. But we haven't got back a letter of offer yet for our application. Has anyone else gone through a similar situation? I'm afraid we won't have time between the stage when the contractor would want to proceed with contracts and when a letter of offer…

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13-09-2017 10:31pm

#1

macgrub

Registered Users Posts: 303 ✭✭

Join Date: February 2010

Posts: 225

We've seen a house we love and are looking to place a booking deposit. But we haven't got back a letter of offer yet for our application. Has anyone else gone through a similar situation? I'm afraid we won't have time between the stage when the contractor would want to proceed with contracts and when a letter of offer comes through.

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#2 13-09-2017 11:27pm
busylady

Registered Users Posts: 82 ✭✭

Join Date: March 2012

Posts: 82

The booking deposit is refundable up until a contract is signed . Once the booking deposit is paid, it can take a few weeks for the contracts to be issued, so you should have another few weeks to get the loan offer sorted.

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