How all the lenders are changing the goal posts...
This has been a challenge, I have had a property refinance going through since October last year they have now asked for more documentation alone with more evidence of money before they can proceed again.
I think this is all a delay tactic lately as they are overwhelmed and are not bothered about being in a rush as they want to see what the government is doing along with lockdown across the country it seems to be going from bad to worse with these lenders.
With their faffing around they are effecting the flow of the property cycle with refinancing of a BTL being a pain in the backside, no commercial lending being released until they are happy with the government discussion & actions over this dilemma with the 3rd lockdown now in place...
We have also experienced a number of properties coming back to the market as buyers are unable to go through all of the hops that the lenders are putting in place to jump through.
Is anyone else experiencing this frustrating time with lenders?
