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"amount to be advanced to conveyancer"
Jamesh_3
Posts: 13 Forumite
Hi all. So im buying a property for £275000, i am getting a mortgage of £110000. I have just received a letter from my solicitor as he has just received my mortgage offer. He states
amount of loan - £110000
amount to be advanced to conveyancer - £259,200
i dont see where this 259,200 has come from, and secondly what amount advanced to conveyancer even means. Any help? thanks
amount of loan - £110000
amount to be advanced to conveyancer - £259,200
i dont see where this 259,200 has come from, and secondly what amount advanced to conveyancer even means. Any help? thanks
0
Comments
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It's a copy & paste error.
The amount advanced to conveyancer is the mortgage advance, less any fees.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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