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

gjheward91

We tried with Leeds, but they had reached their loan limit of the development, so are now with Melton Mowbray

VictoriaOz

gjheward91 wrote: »

We tried with Leeds, but they had reached their loan limit of the development, so are now with Melton Mowbray

When Leeds said to this? Before you get DIP or after?

gjheward91

we had a DIP with them, sent all application, they went to book valuation then realised....

wajoda2002

Morning,

Has anyone had any dealings with Natwest? My application went in last Thursday (03/03) had an email yesterday to say they are looking over the bank statments and will take 3 working days then the next step will be to instruct a valuation

They have come back and said they cannot accept handwritten CIS vouchers (12 months worth) I am using a broker and thought he would have advised that as that's all my partner has from his employer :mad:

VictoriaOz

gjheward91 wrote: »

we had a DIP with them, sent all application, they went to book valuation then realised....

Our valuation done 24.02
07.03 they asked more proofs,now it send by our MA
Now waiting for some information from Leeds

pennyprincess

gjheward91 wrote: »

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

We signed some paperwork upon reservation and paid a fee of 1k - it says the reservation fee will be deducted from the completion monies (subject to the specified timescale- must look into that bit as I don't think we are going to reserve on time eek)

Did you have any paperwork given to you when you paid reservation fee? or maybe it was non refundable??

kingstreet

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?

The developer's solicitor asks your solicitor for the purchase price, less £250.

As a consequence, the amount requested from you by your solicitor will also be £250 less.

Hence, you have £250 more left in your pocket.

VictoriaOz

Maybe someone know,
Can i call directly to mortgage centre of my lender,and ask about our process, if we have mortgage adviser ?

gjheward91

kingstreet wrote: »

The developer's solicitor asks your solicitor for the purchase price, less £250.

As a consequence, the amount requested from you by your solicitor will also be £250 less.

Hence, you have £250 more left in your pocket.

Ah ok, so when my solicitor bills me..... they quoted around £900.... ive paid £250 search fees, so they should only request around £400?!?! if so then amazing!

kingstreet

gjheward91 wrote: »

Ah ok, so when my solicitor bills me..... they quoted around £900.... ive paid £250 search fees, so they should only request around £400?!?! if so then amazing!

Don't forget the balance of any deposit and stamp duty, if applicable.

Either way, the "bill" will be £250 less.