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BenGrahamReborn

12,958 Posts.

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28/08/22

21:52

Post #: 63371388
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Originally posted by Sailor FNQ: ↑

I totally agree.
What makes it complicated is that 90% of contracts involve a mortgagor (bank).
And before the mortgagor will commit to lending, they will need a end price and be sure the borrower can service that.
Very difficult to ascertain in a market like we have just seen.
So imo, a compromise between a fixed and floating price needs to be found.

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how about an ability to wind the price up by a max 10 per cent? Or would they do it on every job?
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