Do banks require sublet AST for loans?Make Text Bigger
I own, outright, a flat in Suffolk. I asked LLoyds Bank for a 70% remortgage (approx £34,500).
All seems to be going well, although long winded.
A few months ago I made a three year guaranteed rental agreement with Genesis, a housing association. I assume they sublet for social housing or similar.
Lloyds bank are not only requesting a copy of the Genesis rental agreement, but they are also requesting the AST of the present occupier (who has taken the property from Genesis). Genesis will not send me the AST, or the Letting agent who looks after the propertry cannot get it. I assume this would be normal, Genesis have no interest in me seeing who is in there or what rent he is paying.
Can anyone suggest a way forward? Would all lenders (not just LLoys Bank) ask the same, if so how do I get the information. Are Genesis legally obliged to give it to me (I doubt it).
Should I go to another lender?
I am a U.K. self employed resident.
Any suggestions or help would be appreciated, thank you.
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