My lowdown, on the mortgage, land sign over solicitors Rigmarole

I Dont know if this is the same experience as most but this has been a long drawn out process, and as said in an earlier post we have had a couple of issues. For the mortage process and the documents required refer to post "Self build mortgages".

When we started to go about buying the site, we paid a deposit to the auctionner 10% of the site value, after this we enlisted the services of a solicitor to deal with the transactions. We went about getting mortgage approval in principle we went with EBS as they seemed to have a good package on offer for selfbuilders. We also enlisted the services on an engineer that held professional indemnity insurance this was to sign off the various stages of the build to allow us to draw down the mortgage.

EBS sent a valuer to value our site to progress the mortgage application and we recieved approval in principal for the value which we sought. http://online.ebs.ie/internet/pdffiles/public/selfbuildhomeloan4.pdf

When the inital contracts were issued my solicitor informed me that there may in the future be the potential for argument over a right of way to land, he progressed to alter the contract and send back to the landowner's solictor. As you can imagine this was a lengthy drawn out process.

We also had to get mortgage protection insurance at this stage to fulfill the requirements of EBS, they also require Site Insurance before paying money on the works on the site.

Have been informed today by EBS that they are just awaiting the deeds of the land before issuing the money, so im waiting on the landowner to sign, and hopefully we will be all sorted.