8:57 AM, 14th October 2015, About 6 years ago 3
Anyone else come across mortgage provider preferring student let to professionals?
I have a house of 4 that has been let as is for 8 years and always instructed to put them on one contract – I had previously done 4 separate as they come and go at different times, but got turned down by one for doing this and the question is always ‘any students’. This time I’ve all my ducks in a row 4 professionals on one contract, 4th renewal and been turned own because they (Godiva) don’t want 4 ‘professionals’ but would take 4 students.
I’m just stunned, likewise my broker. Insurers always want ‘professionals’ – I’ve never quite seen the sense of this as being in Central London I can have overseas students who pay 6 months in advance and pay higher rents, but would always compromise my insurance and mortgage.
I’d be interested to hear if anyone else has come across this, but it’s nice to know that finally the lenders are catching up – as they finally did with HMOs
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Next ArticleProperty Succession to Children - me
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|