Mortgage funds from halifax - 16.51(no funds yet)

smacky

kingstreet wrote: »

Not a clue.

As much new ground for me as it is for you.

Never happened to me in 29 years.

Hi King

Just off phone to halifax, a very helpful lady answered my call. she said some revision were made to certificate of title or something and were only received by bank after 3, so its gone to another team to confirm . case was already with completion team

the issue could be the unresolved small thing which was

we applied for mortgage stating purchase price :249,995

however vendors solicitor drafted contract : 250,000

now this was supposed be resolved during exchange and am just thinking this could be an issue ?

LeeSouthEast

They're quibbling over a fiver?? :eek:

Oh.. wait .. stamp duty implications I suppose..

God I have my fingers crossed for you... probably be in a similar nightmare position myself in a month or so!!

Yorkie1

LeeSouthEast wrote: »

They're quibbling over a fiver?? :eek:

Oh.. wait .. stamp duty implications I suppose..

God I have my fingers crossed for you... probably be in a similar nightmare position myself in a month or so!!

Unlikely.

Increased SDLT rate comes into force ast £250,001.

And the lender isn't concerned with SDLT really, either.

smacky

yes

but am just thinking for their paperwork things should have matched

this could be the only reason, well we are out of house already since 12 days , so will have to wait and watch tomorrow what happens
as SOL and Broker both dint feel like answering my calls after 5

Dave_Ham

Interested how this pans out, the difference in amounts could be a contributing factor although this should have absolutely been picked up prior to getting to yesterday.

Do not accept any fob offs today..

All the best

smacky

Dave_Ham wrote: »

Interested how this pans out, the difference in amounts could be a contributing factor although this should have absolutely been picked up prior to getting to yesterday.

Do not accept any fob offs today..

All the best

Hi Dave

Thx for wishes, i hope the nightmare ends today

smacky

Dave_Ham wrote: »

Interested how this pans out, the difference in amounts could be a contributing factor although this should have absolutely been picked up prior to getting to yesterday.

Do not accept any fob offs today..

All the best

Hi Dave,

if it turns out that it was due to the small amount diff, can that be sorted in a day through the bank ?

Dave_Ham

smacky wrote: »

Hi Dave,

if it turns out that it was due to the small amount diff, can that be sorted in a day through the bank ?

Pretty much anything can be sorted within the day with the right people doing the right things promptly.

If this is the case, I would be pushing and asking the question about whose responsibility this is.

If it is not something sinister, then I suggest someone has made an error if not both sols.

smacky

Dave_Ham wrote: »

Pretty much anything can be sorted within the day with the right people doing the right things promptly.

If this is the case, I would be pushing and asking the question about whose responsibility this is.

If it is not something sinister, then I suggest someone has made an error if not both sols.

I havent been able to speak to SOL or broker yet , so i called bank myself and spoke to 2 ppl who confirmed it was returned to a team due to the £5 diff and he can see updated price details given by SOL at 3PM so he said it should be reviewed hopefully before 12 as they can see completion was set for yesterday

Dave_Ham

This is really disappointing that it appears both Solicitors should have picked this up.

I would be asking for someone to take responsibility as stress you had yesterday could and should have been avoided.

Imagine if this was a chain sale, could have been a disaster.