Hi Nemo1.

I'm afraid I haven't got an easy answer to this - you're not the first person to raise the same issue.

How about if you made online mortgage applications? Presumably that might result in an email rejection that you could use for this purpose?

not sure why equity was not discussed at start of td ?
mine was and clearly well ish
how much would be due that gives a monthly payment of equity and where you are seems strange they are asking about equity after td nearly finished ??

Reading Nemo1's post maverick267, I'm not really sure that this hasn't been discussed and clarified in the past.

The issue seems to be a practical one at this stage.

Hi Nemo1,

I'm not sure a mortgage provider would supply you with such a letter confirming they are unwilling to lend to you.

This might be something which you need to obtain from an independent financial advisor. TDA's suggestion of an online application and rejection could also help.

In some of our cases in a similar scenario to what you describe we have a number of IFA's provide us with a letter confirming in their professional opinion they client will not secure a re-mortgage for the purpose of equity release. We keep this on file and on this basis allow an extension to pay over a proportion of the equity.

If you speak with an IFA and explain what you require they might be able to provide you with something like this. You may need to pay them a fee for it however as there will be work involved in assessing your financial circumstances to determine you are not suitable.

Before you do, speak with your Trustee to see if they would accept something from an IFA.

Do you have a lot of equity to find, Nemo1?

It seems ridiculous. A member of the team at WA even said nobody has ever been successful at releasing equity by means of remortgaging... So what's the point in the process?!
Kevin we need just under £4000,

Dear Nemo1,

I'm aware that this may seem like a pointless exercise but to help conclude your PTD we need to demonstrate to your lenders, that we (and you) have tried to release the equity in your property.

As suggested, one route is to find lenders that accept mortgage applications online. Complete the process and you should get to a rejection screen or email ÔÇô a copy of these will usually suffice. Alternatively we do have the option of helping you look at this through our sister company which is a mortgage broker.

Please do contact us, either by phone or by the contact us section on our website, and we'll work with you to get this resolved and move on with your PTD.

We look forward to hearing from you soon.

Regards

Nice reply Steven

Do you think you can train someone at BDO to do the same?!

At last a reply that shows balls .[8]

Steven I have spoken to someone about this, the person had no idea about your sister company being able to assist me?
I've tried another 2 lenders who again refuse to have any part in it. Don't Blame them as it's a waste of everyone's time! Any clue as to what to do?? I'm getting nowhere and contacting yourselves was pointless and I can't afford to keep calling the WA premium rate number

Hi Nemo1,

I can appreciate that this is frustrating as you, and we, want to get this resolved ASAP.

I've managed to locate your details and asked the team to give you a call so we can discuss a clear plan for moving forward.

Regards