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Might have a problem... help required
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The property is on for £125k and and we will be getting a mortgage of £105k. We will then have approx £10k left to fit the new kitchen, and redecorate. Bathroom is fine and in good working order. So its likely that Nationwide will send £100k over and we will have to send £25k as a deposit, then fit the kitchen as well? Then they will 're-imburse' us with the £5k spent on the kitchen?Getting Married Sat Aug 22nd 2009...... so excited!!
June Brings: 3 x Radiohead Albums, pair of crystal & Pearl Wedding Earrings ( My first wedding win!), Juice, Mad Money DVD
Thanks to all posters :beer:0 -
If you need to reduce any retention (as it's effectively meaning you need a bigger deposit), they will normally do so if you can produce quotes to show that the job will cost less.I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0
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