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Birmingham Midshires declines Assignable Contracts

post Category: mortgages, property investment — dave so @ 6:57 pm — post Comments (10)
post09/06/2008

Is this another sign of the credit crunch?
During May Birmingham Midshires added a note to their mortgage book with the CML (Council of Mortgage Lenders)

5.1.1- Contact point if the seller has owned the property for less than 6 months.
Completions Team at office issuing mortgage instructions. See Offer for contact details.
NB We will not normally proceed [...]

post Category: mortgages, property investment — post Comments (10)