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Help/advice with mortgage condition

2»

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    itsamystery wrote: »
    That's what I/my solicitor thought. The problem with Woolwich is that I can't speak to anyone and their call centre is not UK-based (which makes it much harder to explain and find out things!)

    Your solicitor can call them.

    Try 0845 070 1567 which is the intermediary line.

    What is the loan to value of the new purchase?

    Have Woolwich been provided with a copy of the BTL offer?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • itsamystery_2
    itsamystery_2 Posts: 64 Forumite
    GMS wrote: »
    Your solicitor can call them.

    Try 0845 070 1567 which is the intermediary line.

    What is the loan to value of the new purchase?

    Have Woolwich been provided with a copy of the BTL offer?

    My solicitor is on with Woolwich.

    LTV is 72%. Woolwich only got the BTL offer on Monday!
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I assumed your broker had made them aware of the scenario.

    Hopefully you can still complete asap
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 21 August 2013 at 12:45PM
    itsamystery wrote: »
    They are not being dealt with by the same solicitor. The Woolwich mortgage is being dealt with by my solicitor but BMidshires appointed their own solicitor (Gordon's Property Lawyers).

    Probably explains Barclays concern. As normally the solicitor would handle the entire transaction. With 2 solicitors involved makes matters slightly more complex.

    Is the release of the additional funds related to the property transactions?
  • itsamystery_2
    itsamystery_2 Posts: 64 Forumite
    Thrugelmir wrote: »
    Probably explains Barclays concern. As normally the solicitor would handle the entire transaction. With 2 solicitors involved makes matters slightly more complex.

    Barclays haven't said they are concerned - just my solicitor.
  • Goldiegirl
    Goldiegirl Posts: 8,807 Forumite
    Part of the Furniture 1,000 Posts Rampant Recycler Hung up my suit!
    itsamystery wrote: »
    Barclays haven't said they are concerned - just my solicitor.


    I'm not sure that Barclays/Woolwich know the full scenario - when they know it's possible they could be very concerned.

    Hope you get this clarified with them ASAP
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
  • itsamystery_2
    itsamystery_2 Posts: 64 Forumite
    Goldiegirl wrote: »
    I'm not sure that Barclays/Woolwich know the full scenario - when they know it's possible they could be very concerned.

    Hope you get this clarified with them ASAP

    I've just spoken to my solicitor who says Woolwich re-issued the mortgage offer.

    Just waiting for it to be emailed through!
  • itsamystery_2
    itsamystery_2 Posts: 64 Forumite
    Just thought I would pass on my thanks to everyone...

    Barclays completely removed the condition from my mortgage.

    All being well completion will be tomorrow and that will be that!
  • holly_hobby
    holly_hobby Posts: 5,363 Forumite
    1,000 Posts Combo Breaker
    Resulto .. !

    Well done, and good luck and health in your new home x

    Holly xx
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