S
sw2
Guest
Hi there,
was wondering could anyone help me. Have just "bought" a new build and about to sign final contracts. On last visit to ebs(our mortgage provider) there was a casual mention of another valuation when the house is complete (4 months away). It was valued at the right price(280,000) last week. When I mentioned this to the solicitor he now says that we cannot sign contracts if the mortgage is conditional. This was never mentioned in any literature we got from the bank.I really dont know what to do now as the solicitor says we should just refuse to do this and of course the bank is saying they will only release a mortgage of the amount of the second valuation. Any help would be much appreciated. We are first time buyers.
Many thanks
was wondering could anyone help me. Have just "bought" a new build and about to sign final contracts. On last visit to ebs(our mortgage provider) there was a casual mention of another valuation when the house is complete (4 months away). It was valued at the right price(280,000) last week. When I mentioned this to the solicitor he now says that we cannot sign contracts if the mortgage is conditional. This was never mentioned in any literature we got from the bank.I really dont know what to do now as the solicitor says we should just refuse to do this and of course the bank is saying they will only release a mortgage of the amount of the second valuation. Any help would be much appreciated. We are first time buyers.
Many thanks