MrsFychan

so because the rates have dropped and settled for a bit we decided to bite the bullet and speak to existing mortgage lender and our previous lender to see what rates they would give us. Moving from the existing lender would cost us solicitor fees so the fact they offered 1k left to stay equalled out the offer from the previous lender of 3K.

But during the process the previous lender, who were our mortgage company on a previous house, asked us for a leaky home report on the current property, which we had not been asked for from the existing lender when we bought.
This report would of cost us somewhere in the region of $600. Now the leaky home problem covers certain homes built during the 90's and early 2000's. But it seems that this lender only looked at the fact that our property was built in 2003 and this asked for a report. I queried the need, requesting they give me the criteria for a leaky home, the fact that we had not been asked by our current lender and that I knew that they had previously given a mortgage to another owner previous to us.
They came back and then said they had looked closer at the property and that we did in fact NOT need a report done.

So if you are looking are changing mortgage or even getting a mortgage please check that any reports they ask for actually are required and you are not forking out for reports that are in fact not required.