We are about to complete next week & have just been told that the builder already has a mortgage on the property. We can take over this if we like, and will save some costs..valuation fee, & some solicitors fees.
I have seen some info on this before somewhere but cant find it now,the existing mortgage is with the CAM bank,we intended to take ours with the SOL bank.Also if we do not take the builders mortgage we are liable for cancellation costs?
Any thoughts ??
I have seen some info on this before somewhere but cant find it now,the existing mortgage is with the CAM bank,we intended to take ours with the SOL bank.Also if we do not take the builders mortgage we are liable for cancellation costs?
Any thoughts ??
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