All Topics / Legal & Accounting / finance to be supplid by clause?

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  • Profile photo of colliecollie
    Participant
    @collie
    Join Date: 2004
    Post Count: 60
    February 1, 2005 - 1:34 pm

    Hi, just wondering if anyone knows wether there is such a thing as a finance to be provided by clause that you can put in your contract?
    Say if i only wanted to go with a certain company for finance but wasn’t pre approved before i made an offer and signed a contract?
    Thanks in advance…

    collie

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544
    February 1, 2005 - 2:15 pm

    Subject to finance by XXXXX or

    Subject to finance by lender of purchasers choosing.

    Derek
    [email protected]

    Property investment advice and researched property in quality locations available.

    Profile photo of colliecollie
    Participant
    @collie
    Join Date: 2004
    Post Count: 60
    February 1, 2005 - 2:20 pm

    Cool thanks derek. So you could get out of a contract if your financier rejected your loan application?

    collie

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    February 1, 2005 - 10:18 pm

    You can insert anything you like into a contract but remember that it must also be satisfactory to the other party or they wont countersign.

    Simon Macks
    Interest Free Home Loan Agent
    [email protected]
    0425 228 985

    Please email me rather than using the PM service here.

    Fully Accredited With Derivex LTD and IFHL PTY LTD

    ***Ask about our Interest Free Home Loan***

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Viewing 4 posts - 1 through 4 (of 4 total)

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