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Equity Release : Existing ER with Just group - looking for more options but PYLON!

caffeinemonster1950
Posts: 2 Newbie

First time post here and looking for some feedback, advice and ideas from anyone who has had related problems:
We have an existing ER plan with Just Group, made about 10 years ago. We want to take a further release out of the property. Our original thinking was to shop around and see what competitors are offering and then transfer / remortgage everything with a new lender if the rates are good.
Everything went smoothly, until we were kicked back at the last moment by More2Life - the reason being that there is a wooden telegraph pole with overhead power lines on the edge of the back garden, this came up as a consequence of the survey being done by them.
After much research, it turns out that this is in fact a serious problem for most lenders.
We are waiting to hear from Just wether it is possible to release the extra amount required from them, however in. light of the pole, we are very worried that we will be turned down by them; despite lending in the past (the pole issue maybe a new criteria, not valid at the time of the original ER) subsequently, we are trying to shop around other lenders to find out if there are alternatives; sadly we need to raise the funds urgently now - we are quite worried about the situation as we need funds relatively urgently.
The main contenders seem to be out:
Standard Life
More2Life
Legal General
AVIVA
Pure retirement
Does anyone know of a mortgage advisor or have experience of any lenders being flexible with this situation?
We have an existing ER plan with Just Group, made about 10 years ago. We want to take a further release out of the property. Our original thinking was to shop around and see what competitors are offering and then transfer / remortgage everything with a new lender if the rates are good.
Everything went smoothly, until we were kicked back at the last moment by More2Life - the reason being that there is a wooden telegraph pole with overhead power lines on the edge of the back garden, this came up as a consequence of the survey being done by them.
After much research, it turns out that this is in fact a serious problem for most lenders.
We are waiting to hear from Just wether it is possible to release the extra amount required from them, however in. light of the pole, we are very worried that we will be turned down by them; despite lending in the past (the pole issue maybe a new criteria, not valid at the time of the original ER) subsequently, we are trying to shop around other lenders to find out if there are alternatives; sadly we need to raise the funds urgently now - we are quite worried about the situation as we need funds relatively urgently.
The main contenders seem to be out:
Standard Life
More2Life
Legal General
AVIVA
Pure retirement
Does anyone know of a mortgage advisor or have experience of any lenders being flexible with this situation?
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