I'd like to borrow some expertise from the forum to deciper HSBC's policy on new builds.
This is taken directly from the HSBC Mortgage FAQ
The part I'm specifically interested in is the first bullet point. Does this mean a property of any age currently owned by the people who built it counts as a New Build?
Here's the scenario:
I'm looking to buy a house that was built 3 years ago (i.e. greater than 24 Months) but was a self build and is owned by the person who built it.
I don't want to waste an Mortgage application having it affect my credit rating and potentially end up in the Mortgage Application Spiral. :eek:
Thanks.
This is taken directly from the HSBC Mortgage FAQ
Quote:
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A New Build Property is defined as:
|
Here's the scenario:
I'm looking to buy a house that was built 3 years ago (i.e. greater than 24 Months) but was a self build and is owned by the person who built it.
I don't want to waste an Mortgage application having it affect my credit rating and potentially end up in the Mortgage Application Spiral. :eek:
Thanks.