to all property veterans,
i am a novice looking to purchase my first property and have some basic questions regarding bank financing.
1) during the time between loan approval and completion, what will happen if I lose my job?
2) if such a situation takes place and the bank cancels my loan, do i stand to lose 1% + 4% + stamp duty paid?
3) can stamp duty be refundedin such an instance and can there be a clause in the sales & purchase agreement to refund the 4%? losing 1% is still acceptable.
thanks in advance for the advice.