Our Broker approached us today for the most up to date payslips, as the bank has indicated it is processing our Loan approval.
Found out they are doing the Valuation on both the Land and Construction together.
We have 7 Business days to go to hand over our 10% deposit, and I have to admit waiting on the feedback from the bank is paying it's toll on me.
That wait and having no-control over this part of the process is nerve racking, backed up with the whole problem of our Put and Call option on the Land expiring and being extended to the 14th of May for Exchange. Failing this we face the very real problem of the Vendor Increasing the Land Value, which in that situation will kill the whole deal.
Crossing fingers and wishing all the best.
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