Do banks still do this? I have already drawn down my mortgage but there is an issue is there is a delay with house i am selling and they haven't drawn down yet. The closing date keeps changing and i am getting worried. I thought maybe i could check with my mortgage provider if they offer bridging loans to make up the shortfall. It would be about 60k.
Of course then if sale of my house didn't go through, it would be straight on the market again. I am just thinking worst case scenario. They have a clause too that contract is dependant on mortgage funding so i guess buyer keeps their deposit.
I've never felt so stressed as this ever