Lender Handbook Archive
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Selling a House with High Flood Risk: What If the Risk Changed After You Bought?
Selling a house with a high flood risk poses challenges, especially if it was initially considered low risk. Homeowners facing flooding must navigate insurance questions and buyer concerns regarding mortgage eligibility. Understanding flood history, obtaining evidence, and consulting specialists can aid in marketing the property effectively and addressing potential buyer issues.
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Absent Freeholder: What Did Your Mortgage Lender Require When You Bought?
Historical lender requirements for an absent freeholder can matter when a flat becomes difficult to sell or remortgage. The original purchase may have completed with a mortgage and an indemnity policy. Years later, a buyer’s lender asks questions that nobody can answer. Why did the first lender proceed? Was the freeholder already missing? What was…