Hello, love your content, first time buyers here, my husband and I saw a property we love for 250k, started the process to get a mortgages but was declined because the property is attached to a fish and chip shop. Our loan to value was 95%. Do you know of any lender that would give us a mortgage on a property next to a fish shop with just 5% deposit?
Thanks for watching! Very difficult to find a lender for this at that loan to value, I’m afraid I am not aware of anyone. If you did find a lender just bear in mind when you sell it the next person could have this issue… I would consider finding another property. Probably not want you want to hear. Anything else let me know. Alex
@alexkerrmortgage thank you so much for responding. Yes, we are back to house hunting again. Found another property, but it will need minor repairs like fresh paint but it does have some damp not major. Will the mortgage valuation find this as a problem or should we just get a property that needs no work, especially with our 5% deposit?
@ you should get a free basic valuation so it’s worth shot. Don’t start your legal until you have a mortgage offer with this property. They may ask for a damp report which will cost money but if they don’t think it’s serious they won’t, so worth moving forwards and see what happens.
Just started watching your videos, love them - super clear and easy to understand content. Can you also please make a video for FTB currently on Skilled Worker Visa? I have heard that many banks have some different criteria and conditions to consider buyers on visa so your video would be super helpful and informative
This guy will charge £199 on boarding fee not provide what he says. Over charges, and does nothing special, but make money out of you. Avoid and go to other broker who get the job done! For the fraction of the price con man!
Hi there, would never intentionally not complete onboarding, unless you didn’t show up to the follow up calls which is part of the process. Please get in touch - alex@mortgagechain.co.uk so I can understand if first what you say is true and if so we can finish of the process if somehow you fell out of the onboarding process and miss understood something. Thank you, Alex
🔗 Interested in discussing your options? Book your free call with me here - link.alexkerr.co.uk/mortgage/ftb
Hello, love your content, first time buyers here, my husband and I saw a property we love for 250k, started the process to get a mortgages but was declined because the property is attached to a fish and chip shop. Our loan to value was 95%. Do you know of any lender that would give us a mortgage on a property next to a fish shop with just 5% deposit?
Thanks for watching! Very difficult to find a lender for this at that loan to value, I’m afraid I am not aware of anyone. If you did find a lender just bear in mind when you sell it the next person could have this issue… I would consider finding another property. Probably not want you want to hear. Anything else let me know. Alex
@alexkerrmortgage thank you so much for responding. Yes, we are back to house hunting again. Found another property, but it will need minor repairs like fresh paint but it does have some damp not major. Will the mortgage valuation find this as a problem or should we just get a property that needs no work, especially with our 5% deposit?
@ you should get a free basic valuation so it’s worth shot. Don’t start your legal until you have a mortgage offer with this property. They may ask for a damp report which will cost money but if they don’t think it’s serious they won’t, so worth moving forwards and see what happens.
Just started watching your videos, love them - super clear and easy to understand content. Can you also please make a video for FTB currently on Skilled Worker Visa? I have heard that many banks have some different criteria and conditions to consider buyers on visa so your video would be super helpful and informative
Thanks very much! Ok I’ve got that on the list and it will be recorded in the December. I’ll copy you in once published. Alex
@@alexkerrmortgage Thanks Alex! Looking forward to the video. :)
@@sagargupta2730 Here we go :-) - ua-cam.com/video/a3Oex_txPis/v-deo.htmlsi=8boYZ0HMVasen87G (p.s. a skilled working visa is the tier 2 visa)
This guy will charge £199 on boarding fee not provide what he says.
Over charges, and does nothing special, but make money out of you.
Avoid and go to other broker who get the job done! For the fraction of the price con man!
Hi there, would never intentionally not complete onboarding, unless you didn’t show up to the follow up calls which is part of the process. Please get in touch - alex@mortgagechain.co.uk so I can understand if first what you say is true and if so we can finish of the process if somehow you fell out of the onboarding process and miss understood something. Thank you, Alex