And thanks for your question.
The answer is no that is not his current intention. The amount of funds required to complete is relatively small. He expects to be able to provide these within the term of the date for completion which will be one year.
However i would be grateful for any views you have on this as if his expectations are wrong it may be considered.
For the same reason please address the issue of whether he can sell the contract on if he wishes (eg if the value of the house rose substantially within the year)
(ps - i will be off line for a hour after posting this. any further issues will get back to you on return)
i will abandon question