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.
PLEASE READ BEFORE POSTING:
Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour.
Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. 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!
Lender won't release mortgage until work carried out!
Comments
-
martinsurrey wrote: »That is a very big leap!
Retention's are an art form and making such a bold claim is just wrong.
The post office might not want to lend on this house at 90% without the work being done but HSBC might be fine with it at 60%.
For such a small amount I think its more the OP's problem than the vendors tbh, £2200 is less than 10 days mats+labour, and anything that costs that little isn't too major.
It might indeed be a very big leap - the question is whether the vendor knows this or not. In the first instance, I'd try and scare them by making the statement I made. What's to lose?
Furthermore, as a money saving site, it seems a little remiss not to suggest ways that the buyer could save money, dontchathink?!?0 -
I would begin my post by saying I am in no way financially or legally qualified with regards mortgages.
So my suggestion as Joe blogs off the street would be is the mortgage now fully offered providing the £2k work is done? If so could you agree with vendor that they let you do the work after exchange then mortgage will be released for completion? If that an option0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.9K Mortgages, Homes & Bills
- 179K Life & Family
- 263.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards