Help!! Having a nightmare with Mortgage process

Roger316

amnblog wrote: »

Are you still trying to complete before Thursday to beat the SDLT deadline.

If so, you are heavily dependent on the lender you have the offer from being amenable to your keeping and letting the current property.

They may restrict you LTV on the purchase with a let property in the background even if the property covers itself on rent.

Thanks not sure how quickly they can make a decision, solicitor says if they get amended offer by Tuesday, then they can attempt to complete by Thursday next week...not holding my breath on that!

Roger316

ACG wrote: »

If the lender accepts the property will be let then they may ignore their current mortgage payment.

Thanks ACG, do banks tend to overlook these things? What evidence may they ask for?
with it being bank hols I cant get the correct professional advice I'm after, so thank you for your time in responding

ACG

Lenders vary, I do not come across it that much.

Who is the lender?

Roger316

ACG wrote: »

Lenders vary, I do not come across it that much.

Who is the lender?

The lender is Halifax who have been excellent thus far

Roger316

Lender rang earlier, application is with underwriter who's asked to see rental valuation from the estate agent and what demand there is for my property? does that mean anything?