finally after 6 months i finally have a mortgage offer from nationwide,when they say jump through hoops believe me it is the worst experience i have ever had,santander who are my current lenders were a total waste of time ,with a mortgage then 2 additional loans to change my property from being uninhabited since 1997 to a 2 bed cottage with partially completed extension making it 5 bed ,we have changed the value from £95k to £220k in less than 2 years with mortgage of £76K AND LOAN FOR £15K,to complete the extension which would see the value jump to £270k,we need a remortgage of £145k,due to their affordability we only managed to get £124k but we can topup with secured loan ,i had to do the remortgage in my own name as my wife has a default from 4 years ago ,2 years ago we had 6 defaults on our credit file and managed to get the santander mortgage then the 2 further advances ,so with 1 default left we thought santander would remortgage us ,but they mucked us about for about 5 weeks then said no .thank god we got one with nationwide ,we can now finish our home ,i know there is risks in lending but it has gone too far in the wrong direction ,we passed the affordability with santander but with the default they said no ,in the end we shall a mortgage/loan for 145k and finished value of 275000 approx 53% ltv what a big risk we must be !
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