Dispute with Mortgage Lender over project?
We got planning permission and then went on with a building project, paying out of our savings for the work, no financing was needed for this part.
But.. soon after we started, our main mortgage lender called me saying this was against the terms of our mortgage, we should've informed them about plans etc and that mailing would soon follow.
Of course I'm shaken, stupidly I didn't realise this was going to be a problem, assuming for a second I succeed in my building plan,
We had a similar challenge - had planning in place to knock down and rebuild but only thought to mention it to the lender (High St supermarket brand) a few months before commencing.
We had signed a 5 year fixed deal with a hefty repayment penalty the year previously.
We'd ruffled a few neighbourhood feathers with our plans (funny how they all love it now it's finished and landscaped) so were worried that someone would dob us in.
Anyway, called the lender and