We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Shared Ownership lease and Nationwide
Michelle2014
Posts: 81 Forumite
So we got our mortgage offer from Nationwide this week, for a remortgage of our shared ownership flat. I have now discovered the lease doesn't meet Nationwide's standards in relation to the rent. Nationwide say the lease shouldn't allow for the rent to be increased by more than 5% a year but our lease allows 7%.
Does anyone have any experience with this - does this mean the remortgage is now off? Or will Nationwide still consider it?
Does anyone have any experience with this - does this mean the remortgage is now off? Or will Nationwide still consider it?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards