Non-standard construction House Mortgages
We can arrange mortgages on most types of non-standard construction properties, Right to buy up to 100% call one of our mortgage team to see how we can help…
- Market Leading Rates
- We calculate how much you can afford
- We will get you a mortgage approval before you make an offer
- We will keep your estate agent up to date
Most properties of non-standard construction (concrete houses, concrete bungalows, high rise apartments etc) will appear on what is known as the defective list and therefore are not deemed mortgageable unless they have been repaired’.
This means that the non-standard construction property has been repaired to a certain standard and have a PRC certificate.
A non-standard construction type is anything that deviates from the standard construction type definition. The standard definition is a house built from brick and/or block walls. They usually also have standard pitched and tiled roofing and concrete foundations.
All lender has their own underwriting requirements for these types of properties and most will require higher loan to values and earnings ratio’s etc as these properties are seen defected properties.
If you are thinking of purchasing a house that is built of non-standard construction let us help, you could face difficulty getting a mortgage on the property. This is because any building that is classified as being of a non-standard construction means that lenders are reluctant to offer a mortgage for this type of property than they would be for a house using standard building materials.
One of the reasons mortgage lenders will not offer mortgages for non-standard construction properties is the future resale value. Mortgage lenders want the reassurance that, in the event that they need to repossess the property they will be able to sell it quickly and easily to recoup the money owed.
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.
Please call us for more information