I am doing a transfer of equity and borrowing an extra £17500 from my existing lender, Nationwide, to pay ex off. It has to be done within 56 days of 23/06/17.
I rang the solicitor doing the conveyancing yesterday and they were so vague - it 'should' be fine as they are 'aware and working towards it.'
. Apparently searches are being turned around very slowly at the moment so they are having to 'research' to see if my lender will accept indemnity insurance instead. I don't understand why it is a difficult matter to find that out - surely it comes up as a query all the time and is a simple question?
I have paid out so much over the last two years to mediators, solicitors, mortgage fees and now, just as I thought the end was in sight it seems it is likely to drag on even further with more delays and stress. My ex is relying on the money and constantly tells me how it's my fault he has nothing to live on in the meantime, although I have done everything I can to make this as speedy as possible.
What if it doesn't get done within the 56 days? Will we have to start again? I don't think I can stand it. The mortgage offer expires in September - how hard can it be to get this done? People buy and sell houses within that time frame surely and I am only adding to an existing loan and have already done all the paperwork with the lender, including the survey etc, but my solicitor was being so hedgy...