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Ex-council open deck access flat - who's your lender?
Comments
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Try The Mortgage Works Uplink.
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It's a BTL?Maxwell007 wrote: »Try The Mortgage Works Uplink.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Current status:
- Applied with Nationwide, through Habito broker, on Wednesday.
- Valuer appointment on Friday.
- Today the EA said they spoke with the valuer and they said there shouldn't be any problem with the mortgage. Waiting for broker's case handler to confirm.
The property I'm buying is to live in, not BTL. It's on the 2nd floor in a two story building.
amnblog: I wanted some anecdotes, but they didn't quite come in. Given that I wasn't going to get any quick data beyond "they're problematic", I went with Habito brokers (they recommended Santander) and applied with Nationwide (against their recommendation; I did this because the other broker said that's OK, and I'm OK with the small uncertainty).
edcldn: Thanks for your information. That's the kind of data I'm asking for
I'd like more replies like this. 0 -
Many of the mainstream Lenders (including Nationwide and Santander) are OK in principle with Deck Access so should be OK unless it is a poor quality block.
What was the LTV and difference in rates as I would have thought 3 or 4 lenders including the ones you mentioned should be pretty close on pricing.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Why wouldn't a Nationwide mortgage consultant be professional? lol
I know in the past I have been able to get this type of property through with Nationwide without any issues. Only problems have been when there are other discouraging factors such as high level of social housing, commercial properties etc.0 -
What was the LTV and difference in rates as I would have thought 3 or 4 lenders including the ones you mentioned should be pretty close on pricing.
LTV: 85%
Lenders:
- Nationwide: 1.49%
- Halifax (exclusive to brokers): 1.51%
- Santander: 1.54%
The research document from the broker doesn't show product fees, but the difference in true cost over 2 years is about 600 pounds between Nationwide and Santander.0
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