Most lenders have guidelines on the kinds of property that are acceptable security for a mortgage. Generally lenders want to make sure that the property is readily saleable and isn't likely to have any serious defects in the construction. This tends to favour traditional brick and tile houses. The following are a few examples of the kinds of thing some Lenders may find unacceptable or that may require special conditions on the advance:
However, at Solution Mortgages we use a range of specialist lenders who are prepared to lend on such properties so if another lender has turned you down because of the construction type of your property don't hesitate to give us a call.
To find out how we can help, complete the online form - or call us on 0845 123 1260 to speak to one of our experienced staff.
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