This is the Lee-Over-Sands Residents Blog - designed to bring facts and local information about issues to the residents of this small hamlet of houses on Beach Road and Wall Street on Colne Point between Point Clear and St Osyth Seawick Holiday Village.
I decided to start this blog to shed some light in a public forum about things that concern residents and to give the people a chance to make a difference and know the facts instead of relying on rumours!
Feel free to post, discuss and chat.
All postings will be moderated by me, Derek Foley (6 Wall Street) for suitability.
Hi. Thanks for setting up this site. I found the maps concerning flood risk particularly interesting. As to the rest of the posts I find them very one-sided in only putting forward yours and Andy's views. Please remember some of our residents are neither computer literate nor online and this leaves them without a voice. I shall be commenting, hoping to put a different side to the arguments/issues. Puck
ReplyDeleteHello, I am in process of buying property in wall street. Natwest won't lend against part timber frame pre 1930's build, any advice on mortgage companies that other residents have mortgages with?
ReplyDeleteMany thanks
Amy
Hi Amy.
ReplyDeleteGlad to hear you want to live in our lovely area!
Bizzare that 40% of buildings in Scotland are built in the same way, and that most on Grand Designs are built using the same methods - timber frame is making a comeback, and Wall Street has a very early example of this energy efficient modern building method. High Street Mortgage lenders just don't understand how buildings & builders work best!
With regards to how residents bought theirs - Some bought outright, some had loans, one resident converted the walls to blockwork to secure a mortgage.
Strangely its a bit of a problem for high street lenders (same with insurance companies) as online & phone applications always fail on the box ticking front as soon as flood plain, flat roof and timber frame is mentioned.
If the issue is a high street lender's own insurance policy being required as well as their mortgage - then just use a different company - I found it hard to sort out for the same reasons but there are companies out there, and a broker will be able to get you the best deals.
If the property is insured then there is absolutely no risk for the mortgage company then, unless the mortgage defaults of course.
Try the Nationwide and Halifax - they appear to not penalize timber frame construction.
Another option is forget the high street banks - use a mortgage broker - most independent financial advisers will be able to help you with this.
Although I didn't need a mortgage - I can certainly help with the insurance method - use Holland Insurance Brokers, a local company owned by my partner Cathy - they have consistently always found me the best insurance quotes for my place over the last 4 years (01255) 812 796. I'd recommend them, one of my other neighbours insures with them too.