Has anyone else taken up the Builders Mortgage?
I have been accepted, however, there are 2 charges on there which are a bit strange - Handling Company 500 euro's and Bank Draft Commission 500 Euro's.
The Agent told me that taking the builders mortgage would save me money as no stamp duty on the mortgage and no val fee to pay.
The application fee is 1.5% - 0.5% above other quotes I have had but the lack of val and Mortgage Stamp Duty to pay would have saved me quite a bit of Money.
Confused on what Handling Company fee and Bank Draft commission is and this of course pretty much wipes out the other savings.
I really hope the handling co fee is not Palmera as the fee I paid them at the start was high and I have got next to no service from them.
Wondered peoples thoughts on this?
Thanks
Jason