In article , snipped-for-privacy@btopenworld.com writes
>Gaz wrote:
>> snipped-for-privacy@bt>> > We had a buyer who offered £189,000 for our house - the asking price
>> > was £180,000, but he was including his 5% mortgage deposit of £9000. >> >
>> > Is that legal, please?
>>
>> He sounds like the financial director for Enron. You cant count the same
>> money twice. If he has offered you £189,000 that is what he pays you, how he
>> operates (or misunderstands) his mortgage, is his problem.
>>
>~
>Thanks.
>
> No, he wanted to pay me £180,000 and keep the £9000 for his
>deposit - sounded dodgy to me, too, but I wondered if it was also >illegal?
I would have said so. There is an element of deception.
The mortgage company will only lend up to the valuation.