Mortgage advice - what's the problem with open deck access?
Discussion
Du1point8 said:
Is it a flats/property that have access from a balcony or open-decking area?
That is the general meaning, they don't like access to the property like that.
Halifax used to be one that authorised mortgages on them, but don't expect any good deals.
Yes. I called the lender (Woolwich) to ask what the problem was and they told me it's outside their acceptance criteria (why they didn't tell me before I paid or a valuation etc I don't know) but couldn't explain why it was a problem! Talk about 'Computer says no'That is the general meaning, they don't like access to the property like that.
Halifax used to be one that authorised mortgages on them, but don't expect any good deals.
Sarnie said:
I had one declined for the same reason recently.......lender wouldn't explain why as such, other than "we don't lend on properties with open deck access"................
Can you suggest any alternatives? It might not be a problem but I definitely don't want to fork out for another valuation without being certain!!Du1point8 said:
Generally the definition is having a continuous inset balcony at each level onto which the front door of each flat on that level opens.
usually found on most large flats.
Which is weird as my friend had no issues on his new build that has a long walkway that gains access to all flats on that level.
Yup - I just don't know why it's such an issue!usually found on most large flats.
Which is weird as my friend had no issues on his new build that has a long walkway that gains access to all flats on that level.
Du1point8 said:
suppose the only differences I can think of is the fire risk and burglary, if a flat 2 doors up from my friends goes up in flames, he can't escape as he has to go past it to get out, if someone robs him when out its not like anyone will go and check it as he's the end flat.
Flat 2 doors up from me goes up, I walk out front door onto the street.
If someone tries to rob my property, lots of people will see it when they walk past.
I think that's it, but not sure how it applies to a ground floor flat where I can escape the fire by just walking onto the street the same as I would from a house! Not sure why a burglary risk would concern a mortgage lender unless they think that someone would repeatedly rob the flat to the extent that the area developed a newsworthy crime problem!!Flat 2 doors up from me goes up, I walk out front door onto the street.
If someone tries to rob my property, lots of people will see it when they walk past.
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