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
Would an indemnity policy covering a parking issue be acceptable to the (Barclays) mortgage lender?
silvercar
Posts: 50,959 Ambassador
In the process of buying a flat, where the (underground car park) parking space was bought at a later date separately. Due to various delays the car parking space is still awaiting registration at Land Registry and this issue is unlikely to be sorted in time.
Does anyone know if Barclays as the lender would accept an indemnity policy on this, if one could be bought?
The other option is to buy the car parking space at a point in time when the issue is sorted, but that means a revaluation and possibly loss of the current good mortgage offer.
Any advice on a way forward?
Does anyone know if Barclays as the lender would accept an indemnity policy on this, if one could be bought?
The other option is to buy the car parking space at a point in time when the issue is sorted, but that means a revaluation and possibly loss of the current good mortgage offer.
Any advice on a way forward?
I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
0
Comments
-
Why not just ask Barclays?
Keep in mind though that a remote parking spot with no facility to wire up power from your home is going to be a problem sooner or later. People without the ability to charge a car at home will end up paying thousands a year more to use public chargers, or be reliant on their employer to keep them mobile.1 -
It's a flat on a high floor, it's never going to be possible to run a lead. There are chargers in the parking area and some system for using them so that shouldn't be a problem.[Deleted User] said:Why not just ask Barclays?
Keep in mind though that a remote parking spot with no facility to wire up power from your home is going to be a problem sooner or later. People without the ability to charge a car at home will end up paying thousands a year more to use public chargers, or be reliant on their employer to keep them mobile.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.4K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards