House near commercial property

FreeBear

Sold in 2001, 2005, 2010, and now 2020 - Seems like a reasonable spread. If it had been sold every two to three years, it would have flagged up potential problems in the area.. I wouldn't put much store in a "men's club" being a couple of doors down. Much of the area appears to have an abundance of takeaways and assorted other businesses close by. At least you won't have to cook every night (bonus).

kazzamunga

Thanks, it's just that the broker keeps coming back saying that yet another lender can't lend. So apparently it doesn't matter if it's the norm for the area. 

akorn77

Odd that your broker said that. My broker told me for example Natwest do lend on properties near commercial premises. He said they are one of the most lenient lenders. I would ring Natwest and ask them, aswell as asking a few other brokers and see if they can find a lender. 

kazzamunga

Thanks, just called NatWest and they use the same surveyors as TSB, it's Legal and General. So no doubt it'd be the same guy again. It's mental. Banks protecting themselves from nothing and screw everyone else. 

anselld

kazzamunga said:

Thanks, just called NatWest and they use the same surveyors as TSB, it's Legal and General. So no doubt it'd be the same guy again. It's mental. Banks protecting themselves from nothing and screw everyone else. 

The fact that it is the same surveyor is not necessarily a problem.  The surveyor will apply the lending criteria of whichever lender they are working for at the time.   So you will get a different answer depending who has instructed them,

kazzamunga

Thanks, two different brokers have said it will be an issue, because they'll send the same surveyor out and he will come to the same conclusion again. So at the moment we're hoping to go with a lender that uses another surveying firm. Although Halifax for example use e-surv, which have terrible reviews online. Sigh.