Experience on getting a mortgage on a house within 20m of a coal mine shaft

jender4

I’m looking to see if anyone has successfully managed to get a mortgage on a house with a mine entry within 20m of the boundary of they property they are looking to purchase. 

We have had everything set in place for weeks and now our mortgage lender have now declined to lend to us on the basis of the mine shaft being in close proximity to the house. We are well aware of the safety risk this poses and that doesn’t bother us but are struggling to find information on lenders that will offer mortgages under these circumstances. We don’t want to keep applying for mortgages to be rejected. Trying HSBC next to see if they will offer.

any advice appreciated.

csgohan4

HSBC are among the strictest lenders.

Instead of picking lenders randomly, consider a broker who knows the lenders and maybe can give you one that will lend. Otherwise you may need to consider other houses. 

jender4

We haven’t just picked HSBC randomly, I was told by a mortgage broker that they are one of the most lenient lenders. 

csgohan4

jender4 said:

We haven’t just picked HSBC randomly, I was told by a mortgage broker that they are one of the most lenient lenders. 

interesting, not according to the brokers on here, i could be wrong if they have changed their risk appetite recently

Is your broker from the estate agent by any chance?

Bibbitybobbitybop

Yes. Right outside front door BUT all plugged by modern standards. A mine collapse further up the road shut the high street for 9 months.

jender4

She is a friend, 

jender4

bibbitybobbitybop who is your mortgage with? 

Bibbitybobbitybop

Tipton & Coseley

jennifernil

Our daughter has a mine shaft just by the entrance to her driveway, she has a mortgage with Halifax.

Mmiah002429

I recommend you fight your case the banks would like to see reassurance from the valuers for to do that.

- get the mining  interpretive report find out how close the shafts are
- see if your council treated mines in the area or data to show mines were treated in the past Google search thoroughly 
- ask coal authority to send you an email with in-depth reassurance - apply for building insurance supply it to your lender to past to the valuers as additional evidence.
- Google to contact a local Broker in the mining area because they must know lenders 
- Connells the valuers are the worst to deal with when it comes to mine shafts you need to keep pestering them with evidence through your lender
- if the current lender rejects you, base on valuation report just note the valuer company when speaking to another bank so you aware where the mortgage failed and which valuer to avoid 

Mmiah002429

jennifernil said:

Our daughter has a mine shaft just by the entrance to her driveway, she has a mortgage with Halifax.

What area this and was the mine shaft treated