u/Hopeful-Bar-4112

Mortgage application rejected

Good afternoon all,

I need some advice please!

Has anyone’s mortgage been rejected because the property is near the river? I’m buying a flat and I have been told that there is a flood risk so my mortgage application has been rejected. However, the property is a considerable distance from the river and there’s a retail park between the property and the river.

I also checked the flood risk in the area on the gov website and it says it’s low. Should I find a new lender or let the property go?

thanks in advance!

reddit.com
u/Hopeful-Bar-4112 — 2 days ago
▲ 4 r/Mortgages+1 crossposts

Mortgage rejected

Good afternoon all,

I need some advice please!

Has anyone’s mortgage been rejected because the property is near the river? I’m buying a flat and I have been told that there is a flood risk so my mortgage application has been rejected. However, the property is a considerable distance from the river and there’s a retail park between the property and the river.

I also checked the flood risk in the area on the gov website and it says it’s low. Should I find a new lender or let the property go?

thanks in advance!

reddit.com
u/Hopeful-Bar-4112 — 2 days ago