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Natwest - deed of valuation needed
winstonbuttons123
Posts: 1 Newbie
Hi does anyone have any experience of a 'deed of variation' needed on a freehold flat - this has been flagged up right at the last minute by the Natwest .... this has been going back & forth for a few wks now as they as so slow - we do have a mortgage broker who is very good, the mortgage offer now runs tomorrow !! we have also asked for an offer extension but are still waiting for a answer of this - my son has a good deposit, great credit score etc etc
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Comments
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Are you sure it's freehold? That would be unusual and a deed of variation usually applies to a lease - sometimes where ground rent escalation factors are considered effective.
Either way, it's legal and it requires the agreement of the freeholder.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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