New mortgage offer…

Well now that the holiday season is over and most people are back at work it was time to make calls and see if we were any nearer to exchanging and completing on our property. I spoke with the solicitor to find out what was happening regarding the local searches and they explained that they were clarifying that the searches were on the correct property as details didn’t match up, they hope to have news by the end of this week…

Then I called the estate agents to find out what was happening regarding the damp report I requested almost a month ago. Apparently the damp treatment company are still on holiday (lucky them!) until next monday so I won’t be getting anything before then I guess!

However, we did have a fabulous late christmas gift in the form of a new mortgage offer…as you know the offer of the mortgage was made subject to various work being carried out and so we asked them to clarify exactly what was required from us to get the £5k retention back. After much deliberation they never actually answered the question but just reissued the offer without a retention this is of course the best possible outcome for us and well worth waiting a couple of weeks for, boy am I glad I asked!

So if in any doubt when you get a mortgage offer with a cash retention which will only be released on completion ask lots of questions and you never know it might be your lucky day and you too will have the mortgage company go ‘oh alright then you can have all the money after all’.