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.
📨 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!
Nationwide refuse mortgage application because not enough sales on the estate
mortgage_applicant_london
Posts: 1 Newbie
Nationwide was fine with everything in our application until their independent valuer told them there hadn't been any sale for the last 4 years on the estate (we're in London Whitechapel). So they consider it's a high risk if they need to repossess. Anyone has been in a similar situation? Have you found a solution? Our broker will try with another lender but he worries we'll get the same answer. Any suggestions welcome.
0
Comments
-
How many properties are currently on sale in the estate?0
-
An estate in Whitechapel that hasn't seen a sale in 4 years? That is quite unusual!I'm familiar with the area, would be helpful if you felt comfortable enough to share which estate you are talking about.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards