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Completion Statement (image attached)
James_Woolford
Posts: 9 Forumite
Hi all, im a little confused to why this has happened.
Price of house = £148,950
10% Deposit from us = £14,895
Money to be loaned from lender to cover the remaining 90% = £134,055
This makes the mortgage paid in full, however the sheet i've got states my lender will be lending £134,305 (which is +£250 more), just want to make sure for any reason if this is right? - Don't want to risk it being wrong on day of complete, is this a usual thing, see attached completion sheet.
I've paid £500 for my solicitor fees, however it states £736.19 to pay + land registration of £95 - surely the £500 i've paid will be took off this price?
Image below:
woolforddesign.co.uk/wp-content/uploads/2018/11/Screenshot-2018-11-20-at-18.48.34.png
Price of house = £148,950
10% Deposit from us = £14,895
Money to be loaned from lender to cover the remaining 90% = £134,055
This makes the mortgage paid in full, however the sheet i've got states my lender will be lending £134,305 (which is +£250 more), just want to make sure for any reason if this is right? - Don't want to risk it being wrong on day of complete, is this a usual thing, see attached completion sheet.
I've paid £500 for my solicitor fees, however it states £736.19 to pay + land registration of £95 - surely the £500 i've paid will be took off this price?
Image below:
woolforddesign.co.uk/wp-content/uploads/2018/11/Screenshot-2018-11-20-at-18.48.34.png
0
Comments
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Is there cash back with your mortgage? Sometimes the Solicitors add that on as that’s the amount they are receiving.I am a Mortgage AdviserYou 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.0
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The £500 is there as a credit.
Not clear what the £240 interim invoice was for?0 -
No that i know of0
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Looking at your lenders website it does mention a product with £500 cashback
http://www.platform.co.uk/intermediaries/products/product_history-2017.aspx0
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