Non refundable cash deposit to secure a property
We have put in an offer on a property that is currently 'under offer' - the agent has advised the vendor will accept our offer at a slightly higher price (do-able) BUT also with a 20,000 GBP non refundable deposit to be paid to the vendors solicitor. This seems very high?! With these 'non-refundable deposits' are there any clauses that can be drawn up to cover you should the vendor pull out? Any advice to help or point in the right direction would be greatly appreciated!!
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