Claim mortgages being refused in developments with gypsy and traveller sites

Will this affect Cranbrook?

“The Council of Mortgage Lenders are REFUSING to grant mortgages to prospective house buyers if a new housing development includes gypsy and traveller pitches, it has been claimed.

The shock allegation was made at Tuesday’s Teignbridge District Council planning meeting when councillors were discussing creating additional pitches at a site in Teigngrace.

The pitches were due to be delivered as part of the strategic allocations at South West Exeter where nearly 2,000 new homes are to be built.

But Rosalyn Eastman, Business Manager for Strategic Place, said that gypsy and traveller pitches were required to be delivered off-site as the Council of Mortgage Lenders had told them they won’t provide mortgages to homes which have gypsy and travellers pitches within their allocation boundary. …”

https://www.devonlive.com/news/devon-news/claims-lenders-refusing-offer-buyers-2349956

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