Our builder has a copy of our approval letter from the bank for our mortgage and up until now has asked for no more documentation in regards to our mortgage. They have spoken to our personal banker and confirmed we have the funds. Now apparently they want specifics on our repayments, interest rates ,fees and charges etc. Surely this information is none of their business?! They have proof the funds are available (the letter and phone calls to banker) and proof of land title from the solicitor (letter).
Is it normal for a builder to want detailed financial information to keep on file?? Surely that's none of their business.
What are other people's experiences?