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Last minute remortgage problems
doelani
Posts: 2,576 Forumite
Applied fro remortgage to include funds to finish IVA early.
Had the mortgage promise
Had the survey
Had the mortgage offer
Went to solicitor and signed the deeds...................hopeing to complete on next week
Had call today to say product we had picked was not suitable because of IVA, we never hid the IVA, mortage broker told the mortgage provider we had IVA but mortage provider say he said we WERE in IVA which they assumed ment it was finished and we wanted extra money for debt consolidation.
So less than a week before we hoped to have all sorted and have now been told broker has to see if he can find another product to suit us with this lender. Broker was not in office today but spoek to him and he says he will get onto it tomorrow to see what he can do. I got mortgage just before rates increased a few weeks ago and now because we have to pick new product not only has the fees for this went up by £500 but teh rate has also increased by 1.5%. We had to go to subprime lender but were happy with deal we were offered. Then the iceing on the caske was when mortgage provider ( I phoned them direct) stated they no long lent money for debt consolidate!!! She did say because we applied before they changed policy of debt consilidation we should be ok.
So I am now panicing as after getting this far though nothing would go wrong.
Has anyone had problems and had to chage mortgage product so close to completing? I hope solicitor does not charge for 2 lots of conveyencing.
Had the mortgage promise
Had the survey
Had the mortgage offer
Went to solicitor and signed the deeds...................hopeing to complete on next week
Had call today to say product we had picked was not suitable because of IVA, we never hid the IVA, mortage broker told the mortgage provider we had IVA but mortage provider say he said we WERE in IVA which they assumed ment it was finished and we wanted extra money for debt consolidation.
So less than a week before we hoped to have all sorted and have now been told broker has to see if he can find another product to suit us with this lender. Broker was not in office today but spoek to him and he says he will get onto it tomorrow to see what he can do. I got mortgage just before rates increased a few weeks ago and now because we have to pick new product not only has the fees for this went up by £500 but teh rate has also increased by 1.5%. We had to go to subprime lender but were happy with deal we were offered. Then the iceing on the caske was when mortgage provider ( I phoned them direct) stated they no long lent money for debt consolidate!!! She did say because we applied before they changed policy of debt consilidation we should be ok.
So I am now panicing as after getting this far though nothing would go wrong.
Has anyone had problems and had to chage mortgage product so close to completing? I hope solicitor does not charge for 2 lots of conveyencing.
TOTAL 44 weeks lose. 6st 9.5lb :T
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