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The average home deposit for first-time buyers in London is set to hit nearly £250,000 within 10 years – The average first-time homebuyer deposit in London could soar to an eye-watering £250,000 within a decade – a 75% rise. The data reflects the growing difficulties first-time buyers in London face.
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Home Buyer Asking for Extension of Financing Contingency. – Question. I’m in escrow, and the sale of my home is due to close later this week.The purchase contract includes a financing contingency, which basically says that if the buyer doesn’t line up a loan on the terms he hoped for, he can back out at the last minute.He was actually preapproved for a loan, and I understand this is a normal contract term, so I wasn’t worried about it.
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