You haven't thought this through mate, especially if their DNA is all over your gaff, unless you make them climb in to a bin liner before stepping over the threshold.
Mortgage Question
- Thread starter luvgonzo
- Start date
You haven't thought this through mate, especially if their DNA is all over your gaff, unless you make them climb in to a bin liner before stepping over the threshold.
I'm in a new build and don't plan on moving, the 5 year was decent compared to the others not much difference at all. The whole switching process is free with a financial bundle I have.
Anyway I'll get a letter soon and I take my complaint to the financial ombudsman. Probably won't get anywhere but I'll see it through.
I’d be surprised. If you switch lender there will be a set up fee there always is. Plus solicitor plus valuation survey. On the plus side a new build after 5 years might just be worth more than you paid for it.
Sweats swings a big right at the wobbly Welshman and catches him clean.
It is worth quite a bit more which is nice. The financial package is something teachers in Wales can get, we don't pay a penny.
What you on about is a free financial package we have, used it before. All the fees are not paid for by us. WALES.
He takes it on the chin end, and comes back swinging. The Brummie is on the back foot here.
I switched to Lloyd's and they paid the solicitors fees, Valuation fees and £200 cash back
I’m not swinging. It’s true. People tend not to read the small in their mortgage offer when buying a brand new house.
There is a caveat which stipulates that should you sell within five years you will lose money.
from a valuation perspective as a mortgage valuer you have what is termed as new build premium or first owner premium. This essentially means people will pay 15-20% more for a new house than a second hand one of equivalent size. You are reliant of the market rising over 5 years and should be able to sell or remortgage for the same or in some areas slightly more than what was paid.
Mira come down from the government to encourage developers to build and male huge profits. So when doing a mortgage valuation on a brand new house we have to use comparables from the same site. So they can basically charge daft folk who buy them way over the odds without risk of down valuation. We can also take comparables from other brand new sites. Or make adjustments from second hand ones and add 20% to justify the mortgage.
I would wager you don’t pay broker fees yes. But lender fees you will.What you on about is a free financial package we have, used it before. All the fees are not paid for by us. WALES.