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I just did a brief Google search and it seems as though this finance clause (‘subject to finance’) can be used against us. The way I understood it: if we don’t make every endeavour to get the finance then we can end up owing a lot more money than the 0.25% penalty. Does this sound right to you? Thank you again for your advice.
Thank you so much Richard – this makes me feel a bit better. Pardon my ignorance – but what is a finance clause? As we have the meeting with MA tomorrow I want to be able to go in there with correct information so they cannot back us into a corner. Once again, thank you for taking the time to reply.
Has anyone signed up with MA in Perth for a property in Queensland & successfully broken the contract? There is a 5 day cooling off period for property purchased in Queensland…does that mean even though we signed paperwork in Perth we are still legible for the cooling off period? We haven’t paid a deposit, the signing of everything was yesterday. As soon as we got home we sent an email to say we don’t want to go ahead with everything. Please no “why would you sign up?!!” comments – I feel sick enough as it is after reading all of this! We have an appointment with them Monday arvo. Thank you in advance for your advice
