Back to the underwriters : (

tedglen3

Hello All. We have a mortgage in place with “the abbey”, however during our solicitor search it has come back that we are at moderate risk of flood (because we live with ¼ mile from a river).

The solicitors have had to go back to the abbey and the case has been forwarded to the underwriters to check if they will still mortgage.

Is it common for a mortgage to be withdrawn because of this risk? We have a building insurance quote ready to go.

Thanks for your help

tedglen3

does anyone know anything about this

kingstreet

Sorry. I've only ever had insurance issues over flooding. None to do with lending.

Conrad

As long as insurance is granted, it is not usual for a Solicitor to be concerned. I'm wondering if Abbey have something in thier latest terms that compells the Solitior to need to have referred back to them.
Ask your Solicitor why she saw fit to do this.

tedglen3

This seems to be taking forever. it is still with them. i have already gone past my exchange deadline (its a repoo) : (