First Time Buyer- We need advice/help from experienced buyers!!!

[Trinity90]

I'll try explain what's happened in a very short summary..

Me and my bf are first time buyers and we're going for a house that is priced at 128.5k.
From the beginning we stated that we would like to pay 125k (to avoid stamp duty) and pay the 3.5k difference, for fixtures and fittings.

It's right near the finalisation - we have been told we could have the keys by the 21st of July but we need to reapply for the mortgage so that it will cover the extra 3.5 as apparently the sellers have NEVER heard of this offer before?!.

We made this offer from the beginning and we were led to believe it was agreed that is what would happen on both sides!
It even states that we're paying 3.5k in fittings and fixtures in our mortgage confirmation package we received and now our solicitor is claiming their solicitor is disagreeing/never heard of it.

I then rang the estate agents who advertised the house, who confirmed that they knew the offer was for 125 plus 3.5k fixtures and fittings and they have recorded conversations with our solicitor that also confirms she knew about it and said everything was going 'fine/well'.

Soo my question is.. Should we refuse to get a new mortgage drafted and say to them, take it or leave it or should we pay the stamp duty?
( We can afford the stamp duty but it would make money tight for us, we are early 20s, first time buyers and don't have a lot of spare money! )
the sellers have moved out of their house already, so it's in their interest to sell it asap

ADVICE FROM EXPERIENCED BUYERS WOULD BE GREATLY APPRECIATED !

Helllo Cuthbert! yes! :D :D we fixed it by doing exactly what you said
My mortgage broker the way he explained it the day before - was very bad - he made it sound like we could not do that - as in he couldn't amend the mortgage information to the say purchase price is 128.5k now

If he had just said that from the start, it could have said all of this stress and hyperventilating/tears! :) :) sooooo happy right now!

Just need to wait for the new paper work stating that the house price has gone up though and hopefully then book in for signing the final paper work!! :)

I thought we had to apply for a higher mortgage as my solicitor said we needed to and then when I spoke to my mortgage broker - he didn't explain it very well! he basically told me to just go offer them 3.5k on the side and keep It at 125 !

Okay this has again turned into a nightmare

When we confirmed we'd go ahead with paying the stamp duty
our solicitor suggested to us that we apply for an extra £750, he made it sound.. infact I'm sure he said - it WAS a clause that people could use in mortgage contracts - that they allow you to apply for that amount without it being looked into .. anyway it WAS looked into and they then reduced our mortgage by 3.5k to 109,000.

When we questioned our solicitor on this, he said it was because they didn't take the 'full wage slip' into consideration. Ermm WTF??!!?!?!

SO - he then told us not to worry and that he would apply for the original loan - wtf again - whatever - why suggest it if he doesn't know the legal system? have we been saddled with an amateur ??

ANYWAY - he said we would receive it by the 22nd - - it's the 23rd - I rang his office - he's on holiday - but I kept pestering him and he text me saying it wont be here to Friday and that it's up to their discretion if they ask for more payslips - which would LOSE us our mortgage completely.

HE KNEW THE SITUATION WE WERE IN. my boyfriend had recently applied for a limited company - why the hell did we do that , why didn't we wait until we had the keys?!?!?!!?!
BUT why did he suggest it if he knw the situation and make it sound like it was nothing? its now a 50/50.. feels like 90/10 chance that we are going to lose our mortgage - we paid deposit as well of nearly 18k

our solicitor has said if we pull out - we lose our deposit as the sellers are entitled to sue is for it? I feel like crying, well - I am in tears here!-
so we lose all that money we saved up for because of incompetent solicitors and mortgage brokers??

I find as I'm getting older that I shouldn't trust anybody when it comes to dealing with money, be that purchasing furniture or a home!.

Can they actually keep that money???
and can I -shoot- put in a complaint about my mortgage broker or is pointless?

Also - finding it hard to understand how last year they were willing to allow us to lend 250k and yet now they're hesitant about 112? - our household income is around 40 - 50k a year - after tax??

We can afford the mortgage repayments - we have the deposit - we are first time buyers - WHAT IS wrong with our situation !?! and why does life hate me lol :(

Banks are applying the MMR.

How much is your family income - 40 or 50K? You don't sound too sure.
Hows that income split? Are either of you self employed?

Assuming averages household expenditure, and assuming both of you are employed, than 150K is probably the best you'll do.

If either of you have any debt - bank loans, car loans, HP - you'll find that 150K amount decreases at a rapid rate.

If either of you are self employed then the bank will probably ignore that money unless you can provide your books for 2 years.

Have you exchanged contracts yet? You can pull out of the transaction without losing the deposit up until exchange. After exchange it becomes legal and binding. Tbh if your mortgage hasn't been approved or has been withdrawn, I doubt very much if you have exchanged contracts so your deposit won't be lost.

No contracts haven't been exchanged yet, we can't exchange until we receive paperwork and joeandella - I put 40 - 50 as it varies between those two figures because of the line of work my partner is in.
we also have no debts and no loans

AND my partner has recently gone self employed ( which is why if this falls through, we're screwed for 2 years ) we planned to wait until we had the keys before doing that, but we believed we had all the boxes ticked, so a week before we were meant to exchange - he went limited - AND THEN everything went wrong !

Okay so as long as we haven't exchanged contracts we wont lose any money? phew, thank you spickle! :) I don't even want 150.. only 112,500 :( ! crossing my fingers that it's good news tomorrow.. as letter still hasn't arrived today, so it should definitely be here tomorrow.. and then we'll know where we stand