Mortgages Prefabricated house Purchase & Repair

We can arrange your mortgage to purchase you Local PRC authority house under the Right to Buy scheme and provide additional funds to facilitate the PRC repair.

Call one of our mortgage team to see how we can help…

Right-to-Buy mortgages up to 100% of the purchase price. Plus additional borrowing for the rebuild costs So if you qualify for the right-to-buy discount, you only need to find funds to cover any fees or charges.

  • 90% Mortgages Available – Purchase & Rebuild costs
  • Mortgages up to 100% available for Right to buys
  • PRC Certificate required when works completed
  • Normal High Street Rates
  • We calculate how much you can afford
  • Release cash to improve your home!

Under the Council Right to Buy scheme, you can buy your home at a price lower than the full market value.

This is because the length of time you have spent as a tenant entitles you to a discount. Council tenants with two years’ qualifying time may have the right to buy their home. You will get a discount on the valuation price depending on how long you have been a tenant.

Concrete houses are those constructed from “PRC” pre-cast reinforced concrete, this was a principal material used in the construction of houses mainly built in the period following the 1940’s, filling the gap left by the bomb damage and the need to find homes for returning military personnel.

In the early 1980’s it was discovered that deterioration of the reinforcing steel could, in time, lead to the cracking of the concrete panels; this was also known as “concrete cancer” and with obvious potential dangers PRC Homes were designated as defective.

Councils across the UK used this building practice to bulk up their housing stocks in terms of overall numbers of dwellings, probably accounting for around 250,000 UK homes.

Mortgages Prefabricated house Purchase & Repair

Obtaining mortgage lending on these concrete homes is not a simple matter, this is due to their historical record when they were considered “defective” across the board.

Right to Buy Mortgages for tenants of PRC homes “non-standard construction” that want to repair the property.

These houses can undergo a fully licensed structural repair, which leads to the issuing of a PRC Certificate by a fully qualified PRC Structural Engineer.

This also applies to any pre owned ex-local authority property.

Mortgage Solutions has access to companies who will lend on Non - Standard Construction properties,these can be concrete, prefabricated, Steel frame houses regardless of whether they have been repaired or not.

Funding is available to people who wish to purchase or remortgage.

AGM Modular, Airey, Adams, Boot, Boswell, Bryant, Cornish, Cornish Bungalow, Dorran, Dyke, Gregory, Hawksley SGS, HBL Bungalow, Lilleshall, Myton House, Newland, Orlit, Parkinson, Reema Hollow Panel, Reema Conclad, Schhindler, Smith, Stent, Stonecret, Terran, Underdown, Unity, Butterley, Wates, Wessex, Weir, Winget, Whitson Fairhurst, Woolaway House, Woolaway Bungalow, Waller,

Properties in Scotland,Blackburn Orlit House,Boot House,Dorran House,Lileshall House,Lindsay House,Myton Clyde House,Orlit House,Tarran House,Tarran Clyde House,Beam,Unitroy House,Whitson Fairhurst House,Winget House. regardless of whether they have been repaired.

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