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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Subsidence and remortgaging
tiptoe_mouse
Posts: 349 Forumite
We bought a house in 2011, with a 5 year fixed rate mortgage. In 2015 we had a problem with subsidence and claimed on our house insurance. In 2016 we switched to a new 5 year fixed rate with our existing lender with no problem. They didn't require a new survey, and we didn't volunteer the information about the subsidence.
This is coming to an end soon, so we are looking at switching lender. Will the subsidence affect whether lenders are prepared to offer us a mortgage and/or the rate available? Do we have to tell them? Should we have told our current lender?
Thanks,
Tiptoe
This is coming to an end soon, so we are looking at switching lender. Will the subsidence affect whether lenders are prepared to offer us a mortgage and/or the rate available? Do we have to tell them? Should we have told our current lender?
Thanks,
Tiptoe
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards