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…[Read more]