Our settlement has been totally stuffed around.....I'm not happy!!!!!!
Bank isn't ready yet and have asked for an extension.....they want settlement to be by the 8th May!!!!!!! The bank asked conveyancer to request the extension from the land developers solicitor and they have come back saying that there will be penalty interest payable at 14%pa, which means that we are going to be charged approximately $56 per day that we are over. If settlement isn't done by 8th May then they will issue a rescission notice which gives us 14 days in which to settle but also incurs additional legal costs together with the penalty interest.
I am definately not impressed with our bank, and we still have yet to receive our mortgage docs in the post, they * to us yesterday and said they had been posted when in actual fact they still hadn't been sent today.
So we definately will miss out on settlement on Thursday and I'm furious with the bank!!!!!!
Sorry about my vent, but as you can see I'm unhappy with this whole situation!!!!!!!!
I won't even mention which bank it is with..........