Lapse of the sales contract

Description

You have a contract subject to obtaining a loan from your bank or credit institution. In this case, the final conclusion of the sales contract remains subject to the granting of a loan by a credit institution and failing that, the contract formed by the exercise of the option is obsolete. By this letter you inform the seller that you have not received a favorable response to the many requests you have made to various banks and credit agencies. It is strongly advised to enclose the letters of refusal of credit which were addressed to you.