Posted on: 28th Jul, 2006 01:04 pm
My builder has changed the administration fee as I selected a different lender from the one recommended by them. He charged me $3500, for switching to a different lender. Is it usual?
Hi Yvonne,
This may happen when there is any agreement set between you and the lender. If you had agreed to use a lender recommended by the builder in exchange of any discount or upgrade then, this can happen.
In that case as you have engaged a different lender he is not going to give you the benefit previously agreed upon.
Feel free to ask if you have more queries.
God bless you.
For MortgageFit,
Samantha
This may happen when there is any agreement set between you and the lender. If you had agreed to use a lender recommended by the builder in exchange of any discount or upgrade then, this can happen.
In that case as you have engaged a different lender he is not going to give you the benefit previously agreed upon.
Feel free to ask if you have more queries.
God bless you.
For MortgageFit,
Samantha
I understand. Yes I remember, I had a similar agreement with the lender. Thanks for the clarification.
