Tuesday, October 18, 2005

More good news

Got hold of the solicitor and there was more good news circulating around the devaluation of the property.

I was worried I'd need another Agreement for Sale drawn up and a fee of whatever they'd charge. Thankfully, there's only two pages that really pertain to the sale and those two pages are the only ones being replaced.

Also, on the subject of the mortgage, apparently the bank will only lend me 75% of the value of the place, which is now £150,000. This is good news as I may not have to touch ANY of my money. Also good news in that my monthly mortgage rate will drop to reflect the £9,850 less I'm borrowing.

All good news.

Now I have to get hold of the mortgage people and sort out the new mortgage offer.

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