Single Skin wall property failed credit score with HSBC

Verix

I've recently had a client buy a property with a single skinned kitchen extension which was a bit of a pig to place but was possible. As has been said already someone would need to know your whole case to advise, but i would definitely suggest there will be other lenders to try.

Obviously if you are having problems buying it now because of the single skinned element then someone else may do in the future when you come to sell. Hopefully this has been factored in to the price and if not it might be worth renegotiating (assuming you are able to find another lender).

Good luck.

ACG

Combining tight affordability with tight credit scoring and a single skin extension is probably not the easiest case to place.

That being said, it is not normal for HSBC/TSB/Halifax to be last case saloon so there will probably be a few more options, but you may find rates start to go up.

Difficult to say for sure, but no harm getting in touch with another broker and seeing if they can help. Generically speaking, I would say you have probably not reached the end of the road but there is not enough information to say for sure.

mrsmortgage

I got in touch with a local broker. She said it was not impossible but for several reasons she would advise against it, the main reason being that we will sell eventually (within 6-8 years) .

She said that yes, she could find someone else to get the mortgage from but unless it was a bargain, again as the mortgage would be more expensive it didn't make sense as an "investment".

In a nutshell she said it was doable, but not at the best rates. If the vendor won't move on price (we know they won't) then she doesn't think it's the smartest thing to buy.

Retired_Mortgage_Adviser

That's sound advice. If you know the vendor will not move on price (to have it reflect the mortgageability of the property), probably best to walk away.

mrsmortgage wrote: »

I got in touch with a local broker. She said it was not impossible but for several reasons she would advise against it, the main reason being that we will sell eventually (within 6-8 years) .

She said that yes, she could find someone else to get the mortgage from but unless it was a bargain, again as the mortgage would be more expensive it didn't make sense as an "investment".

In a nutshell she said it was doable, but not at the best rates. If the vendor won't move on price (we know they won't) then she doesn't think it's the smartest thing to buy.