Ecology not accepted Estimators Online for costing estimates for mortgage

[nikotime]

Hey,

 

I'm trying to get a self build mortgage with Ecology and used Estimators Online as a service to build out the cost plans. I've been told by my mortgage broker that they are refusing this because it does not meet their lending criteria: "Professional letter headed costings provided by a contractor, a quantity surveyor or architect."

 

Chatting with Estimators Online this isn't something they offer, so feels a bit naff especially as I've seen on this forum that Ecology have accepted others Estimators Online estimates. Has anyone experienced this or got any ideas? 

 

Cheers

[nod]

Estates online are a real finger in the air stuff and quite generic and can’t possibly estimate labour costs accurately 

You need to approach a builder Even one that you have no interest in using 

They will prepare detailed costings of materials and labour and also time frame 

Expect to pay more than the online companies 

[Alan Ambrose]

Or a QS?

[LiamJones]

Yeah this changed recently. For my first mortgage with ecology, I used buildaviator, equivalent to estimators online. To obtain additional borrowing I needed to provided costing, for which build aviator was no longer acceptable. I chose to get individual quotes from trades and material quotes from

websites/merchants. The alternative was a (presumably costly) QS. 

[nikotime]

Thanks all, and thats really good to hear Liam (well not good, but makes me feel a little better that it is their new policy rather than me just having a more pedantic person!). This will mean more time and money til the first drawdown but hey ho. 

[Conor]

We did our own estimate (based on an initial QS estimate) and asked the architect to put it on their letterhead.