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Precise wouldn't deal with company??
Bozzer89
Posts: 22 Forumite
We have gone for a new build and before they sent everything to underwriter they have contacted the broker and said they won't lend to us because of the new build has anybody had this before ??
Apparently nothing to do with us and broker said it could be to do with they had repossessions in that post code or the contractors then selves ?
So now he is going through aldermore or trying just wondering could this be a good thing ?
1 step forward 2 steps back
Apparently nothing to do with us and broker said it could be to do with they had repossessions in that post code or the contractors then selves ?
So now he is going through aldermore or trying just wondering could this be a good thing ?
1 step forward 2 steps back
0
Comments
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Some lenders have exposure limits in postcodes.
It may just be that they’ve already lent £x in that post code and they don’t want to be over exposed.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 -
Alright ok so it shouldn't be something to be worried about ?
And thankyou for replying0
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