If the loan can't come down, it may be an intermediary default. Because the intermediary failed to implement the mortgage bank and submit the mortgage materials in time, the bank mortgage loan could not be handled, which led to the failure to fulfill the contract between the two parties and the failure to achieve the purpose of the contract. According to the contract agreement or the provisions of the contract law, the buyer has the right to terminate the contract and may require the intermediary to bear the liability for breach of contract.

legal ground

Article 962 of the Civil Code of People's Republic of China (PRC) * * * The broker shall truthfully report the matters related to the conclusion of the contract to the client. If the broker intentionally conceals important facts related to the conclusion of the contract or provides false information, which harms the interests of the client, he shall not ask for payment of remuneration and shall be liable for compensation. Article 964 Where the broker fails to facilitate the conclusion of the contract, he may not request payment of remuneration; However, customers may be required to pay the necessary fees for intermediary activities as agreed.