Completion how do i deal with this and who is in the wrong

GDB2222

Jammie01 said:

All, thank you very much for your comments all very useful and have opened me up to alternative ways to deal with the sale and to deal with the FA, it appears that the error that was made was exactly as JMA47 said i.e. the numbers were double counted, ultimately we are paying for the FA's expertise in this situation and his mistake. These calculations were questioned by both us as we couldn't understand them and also the solicitor asked, the FA responded that they were as they should be. £100k is a big hole but we now have a plan that is being actioned and hopefully we will still be able to buy the house.

As far as compensation is concerned:

You're obviously entitled to something for all the distress, but that's usually a ridiculously small amount (£200, maybe). 

If you would have gone ahead with the larger mortgage, if it had been explained properly at the outset, then you have lost nothing financially. You are simply ending up with the mortgage you should have had originally. The IFA has agreed to pick up the cost of the new application. 

I would strongly suggest that you get another IFA to advise you whether this is now being handled correctly. You should get your existing IFA to pay, but, personally, I would want that reassurance, anyway.