Persimmon Homes are now selling houses in some areas on a long lease of 999 years. The issue is that the ground rent is escalating and reviewed every five years. Nationwide have now made a decision that because of this, the properties would not offer suitable security and will not lend.
Why use Neil Soundy Financial Services for your mortgage advice in Cardiff
We will give you independent impartial advice on every mortgage from every lender.
View the video on our homepage that explains how we can offer at least twice the choice of mortgages compared to a standard mortgage broker.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage
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