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Searches before MIP?
Comments
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I suspect you're misunderstanding something here, but can you tell us which form you're talking about?rdchick said:
a lot of money for often what seems not a great deal of work ie: processing a form costs £100. Why?! It's online, the proof is shown, there's not a lot to process other than accepting the form or not... No actual digging required and the solicitor doesn't even need to pick up the phone any more!
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The gift deposit form is £100... Unless they're planning on counting the £20,000 in pound coins I don't think it warrants charging £100 to process something that is already submitted to Nationwide but I'm probably missing something 😉user1977 said:
I suspect you're misunderstanding something here, but can you tell us which form you're talking about?rdchick said:
a lot of money for often what seems not a great deal of work ie: processing a form costs £100. Why?! It's online, the proof is shown, there's not a lot to process other than accepting the form or not... No actual digging required and the solicitor doesn't even need to pick up the phone any more!
Life is too short not to love what you do.0 -
Yep.rdchick said:
The gift deposit form is £100... Unless they're planning on counting the £20,000 in pound coins I don't think it warrants charging £100 to process something that is already submitted to Nationwide but I'm probably missing something 😉user1977 said:
I suspect you're misunderstanding something here, but can you tell us which form you're talking about?rdchick said:
a lot of money for often what seems not a great deal of work ie: processing a form costs £100. Why?! It's online, the proof is shown, there's not a lot to process other than accepting the form or not... No actual digging required and the solicitor doesn't even need to pick up the phone any more!
They'll need to:- check with the Nationwide that they have actually approved a gifted deposit (given lenders have a habit of not bothering to mention this in their instructions to solicitors)
- draft a declaration by the gifter (that it is a no-strings-attached gift etc) and arrange for that to be signed by them
- carry out the additional checks on source of funds for the money coming from the gifter (i.e. check their ID, bank statements etc).
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