R07 Advanced mortgage advice: Gap Analysis & Assessment Tool

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In respect of the house-buying process, the:

transaction is binding on neither party until contracts have been exchanged

contracts are drawn up by the seller’s estate agent

offer of mortgage cannot be made until all of the searches have been carried out

seller's solicitor prepares and issues the report on title

Question 1 of 5

Question Worth : 1 mark

Current Score : 0 [Total available for assessment: 5]

Question Ref. #WL182252.

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