Hi there,
im looking to buy a 3 bed semi new build just off the m57 in merseyside.
I got my mortgage promise off Halifax and went ahead with the initial enquires.
The deal went like this.
im buying under the 75/25% scheme. on a £122k so i only need a mortgage for £93k approx.
Big banner stating "£99 and move in!"
They pay £500 towards legal fees
All carpets, curtains and blinds in with deal.
Oven and hob in kitchen.
So obviously i went ahead and paid £100 reservation fee.
In order to qualify for the 75/25 i have to use their preferred solicitor and mortgage advisor.
Few days later i get a letter off the preferred solicitor who wants £150 to start things off. This is for the search fee. they want £700 approx off me. the builder will pay £500 at completion.
I then meet up with the mortgage advisor who wants about £315 off me to send to Halifax for the valuation report.
Thing is....
Ive read that all new builds need a HIP which contains all the searches that originally were done by the buyers solicitor. why am i being asked to pay for something that should already be done already? Am i having the wool pulled over my eyes? As the sales rep at the development never mentioned anything about this HIP. Nor the fact that there are fees payable after i pay my registration fee. I was expecting to pay £99 and then not worry about other fees untill i move in.
Whats happening here?
im looking to buy a 3 bed semi new build just off the m57 in merseyside.
I got my mortgage promise off Halifax and went ahead with the initial enquires.
The deal went like this.
im buying under the 75/25% scheme. on a £122k so i only need a mortgage for £93k approx.
Big banner stating "£99 and move in!"
They pay £500 towards legal fees
All carpets, curtains and blinds in with deal.
Oven and hob in kitchen.
So obviously i went ahead and paid £100 reservation fee.
In order to qualify for the 75/25 i have to use their preferred solicitor and mortgage advisor.
Few days later i get a letter off the preferred solicitor who wants £150 to start things off. This is for the search fee. they want £700 approx off me. the builder will pay £500 at completion.
I then meet up with the mortgage advisor who wants about £315 off me to send to Halifax for the valuation report.
Thing is....
Ive read that all new builds need a HIP which contains all the searches that originally were done by the buyers solicitor. why am i being asked to pay for something that should already be done already? Am i having the wool pulled over my eyes? As the sales rep at the development never mentioned anything about this HIP. Nor the fact that there are fees payable after i pay my registration fee. I was expecting to pay £99 and then not worry about other fees untill i move in.
Whats happening here?