HastingsThimble

Gimme the problem was not affordability, the mortgage was agreed they will not even value the property. I think Siduhe you may well be correct as I know that major work was undertaken to make the land safe to build upon before construction. It would explain why there seems to be a blanket rule across all lenders.

-- moved topic --

Thanks for the responses everyone. It is very frustrating as I love the block and the flats and it is a shame that first time buyers will struggle to buy there. Regarding the point about ex-council properties, whilst true they aren't popular with lenders, Dawson's Heights does seem to be treated differently as we have had confirmation that lenders will lend on the Dog Kennel Hill estate with 10% and that was for a higher amount. Whilst two different brokers said they could not find a single company willing to lend on Dawson's Heights at 10%, one said it may be to do with over-exposure in that block of flats. But surely that could not be the case for all lenders.

Hi, dawsons heights (aka the battleships) seems to have been singled out by lenders as a place they will not provide a mortgage on, especially if you have a 10% deposit. Does anyone know why this is, whether it is a recent trend and if so when it might change?!