Rejected after a decision in principle

Conrad

NATIONWIDE - will only do it once the existing place has been let for 1 month with a Bank statement to proove rent received.

You need a dedicated broker not an IFA

herbiesjp

Conrad is indeed correct - and they also want a copy of the tenancy agreement

Berkshiregirl

It may be out of date, but Yorkshire Building Society were offering Let to Buy mortgages at reasonable rates, but only to direct customers, and not through brokers. This was 6-8 weeks ago, worth a call to them to find out more.

mruddy

Hi

I am in teh exact same position, we are moving from an apartment into a new house and at the moment we are waiting on out mortgage offer, though it has been agreed in principle. we are now taking a new mortgage with the Ulster Bank in NI this is also a let to buy. we had to put down a 10% deposit. just hope we hear next week that we have been given the offer.

fubar4164

So in order to get the Nationwide mortgage I have to make myself homeless for a month, and then trust that they'll stick to a decision in principal, otherwise I'll have nowhere to live and own a flat that has a tenant in it for the next 12 months!

There must be some way around this. Will speak to them tomorrow.

herbiesjp

fubar4164 wrote: »

Will speak to them tomorrow.

Good idea - as otherwise you will not meet their criteria either.

Your IFA should really have cleared this up for you