Anyone want to join me? Awaiting Mortgage decision...

gjheward91

kingstreet wrote: »

It will be accounted for in your solicitor's completion statement.

Effectively, the builder's solicitor will ask your solicitor for £250 less than the agreed purchase price.

thanks! still not fully understanding, sorry....
so Im just saving my solicitor £250? does it not come off of any of my bills?

pennyprincess

Mizenberg wrote: »

Hehe..excellent news though! :j

Thanks ! Good luck to you too ** spreads mortgage offer fairy dust around**

Champagnelifestyle

Champagnelifestyle wrote: »

Been following this thread for a couple of weeks with excitement and fear as we are finally in position to buy a house after renting for 10 loooong years.

We decided to go through L&C on a number of personal recommendations. here's our timeline so far.

24/02 - got DIP from L&C
28/02 - after viewing lots of houses placed an offer
29/02 - offer accepted
1/03 - instructed L&C to get AIP- decided to go with Halifax as offered best rate for 20% deposit
02/03 - Halifax AIP completed - broker requested documents all sent through. Vendor has taken house off the market.
03/03 - documents received by L&C and passed to lender

now we are waiting!!! i have to say we are hugely impressed with L&C so far.

So here is a quick update to our timeline
04/03 - valuation and survey fee taken from account - no news from L&C
08/03 - chased caseworker - Halifax had a query about my payslip - came back to us saying they had accepted our application subject to valuation!!
09/03 - MAP surveyors contacted us with T&C's so should hear about valuation date very soon.

Does anyone have any experience of Maitlands Acorn Professional?

Champagnelifestyle

gjheward91 wrote: »

thanks! still not fully understanding, sorry....
so Im just saving my solicitor £250? does it not come off of any of my bills?

It means your purchase price will effectively be £250 less as you have already paid this to reserve the house - as part of your purchase price.

gjheward91

Champagnelifestyle wrote: »

It means your purchase price will effectively be £250 less as you have already paid this to reserve the house - as part of your purchase price.

I'm so sorry but this will need to be explained for dummy's... lol
I've paid the full asking price and haven't notice anywhere minus £250?

VictoriaOz

gjheward91 wrote: »

Nearly 4 months on and MA has said an answer should be tomorrow!
Quick question though.... reservation fee.... I paid £250 to reserve the house (new build) do I get this refunded on completion, or taken off the mortgage or anything?
Surely they don't just get to keep it?.. do they.....

In my case,we dont get back our reservations fee.do you have contract from you company/house association?

gjheward91

VictoriaOz wrote: »

In my case,we dont get back our reservations fee.do you have contract from you company/house association?

No contracts as of yet.... still waiting to exchange

VictoriaOz

gjheward91 wrote: »

No contracts as of yet.... still waiting to exchange

We still waiting for mortgage offer,but we already have some contract from our house association,we buying s/o ,and there is information about reservation fee.

gjheward91

oh haven't receive any of mine yet, also buying s/o.

VictoriaOz

gjheward91 wrote: »

oh haven't receive any of mine yet, also buying s/o.

With what bank you are applying? We are with Leeds bs.