Mortgage agreed in principle, impossible condition attached when offered

MerrilyA

You could try and see if you can get help from the Mortgage Advice Bureau.

Thrugelmir

amnblog wrote: »

If it is, and the BTL property is self funding I don't see what the problem is.

Only an unencumbered property is truly self funding. Even then there's a degree of cost to the owner.

candy8234

OK, I get what you are saying, but they knew all these facts right at the beginning when they 'agreed in principle'. They were shown bank statements, tenancy agreement etc. So why not turn it down then. Why take the money, keep them hanging on 3 months then offer them something that they can't take up because of the contract that the tenant has? I asked earlier can anyone recommend a lender who is known to act quickly? Thanks