We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Please Advise
Options
AlexJohnWatson
Posts: 1 Newbie
Hi All
I'm a first time buyer. Went to Santander 2 months ago and they said I could borrow up to 175k based on my income ( even though first direct or nationwide said could get me more at that time )
I thought that's enough for a 2 bed flat.
ready to put 10% deposit. Got the first one , put in an offer , got accepted but valuation from Santander came negative saying its a leasehold flat comes with freehold.
Next one I made sure was a leasehold without the freehold. Again Santander valuation came negative saying poor property access and poor communal hall and open deck.:(:(
Estate agents are saying come to us and our in house broker will sort you out.
What shall I do ??
please advise you wonderful lot out there.
I'm a first time buyer. Went to Santander 2 months ago and they said I could borrow up to 175k based on my income ( even though first direct or nationwide said could get me more at that time )
I thought that's enough for a 2 bed flat.
ready to put 10% deposit. Got the first one , put in an offer , got accepted but valuation from Santander came negative saying its a leasehold flat comes with freehold.
Next one I made sure was a leasehold without the freehold. Again Santander valuation came negative saying poor property access and poor communal hall and open deck.:(:(
Estate agents are saying come to us and our in house broker will sort you out.
What shall I do ??
please advise you wonderful lot out there.
0
Comments
-
Find a lender where the property fits criteria.
Find a new property.
Use a broker (either the estate agents broker or another broker).I am a Mortgage AdviserYou 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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards