Totally sympathise with you at the moment Ken - we've been waiting a month for a mortgage approval going through & despite our financial adviser providing all statements (stamped, dated & signed by the bank) & conforming to all their requests....they will not accept that our deposit is not potentially "laundered" cash!! It's been building in accounts over a period of time, clear to see where it is - no offshore accounts, all British banks yet it's still not been accepted
I've taken holidays for the (alleged) move on Tuesday, we have to move out as we're letting our current property & the deal is sealed & signed. Don't the banks realise the stress they're continuing to cause people, we have a 2.5yr old & a 5 month old about to be made homeless. My wife & I are soooooooooooo stressed now & there's absolutely nothing we can do. Thought about changing lenders, but our adviser has mentioned he's having issues across the board, no matter what company he uses - we clearly have sufficient funding in place, sufficient income to pay off their loan comfortably - they are now jeopardising the builder being able to continue with another two homes that were to be built off the back of our funding, this means a possible loss of jobs for those contractors....they're only in it for the money, eh
This is terrible, I really feel for you. I hope that you get everything sorted.
No wonder the value of property and the amount of house sales have crashed as it seems nobody can secure a mortgage easily.
Dear Lord, If you wont make me skinny, please make my friends fat-very Fat.