As the recession begins to take hold and the availability of mortgages is reducing its even more difficult to find an affordable home, non-traditional construction properties could offer a viable alternative
Prefabricated reinforced or concrete Non standard build properties where originally designed as accommodation as a temporary solution to a housing shortage after the 2nd World War.
The properties where built by the Local Councils and formed part of the housing stock, when the Right To Buy legislation was enacted by Margaret Thatchers conservative party in the 1980's these houses slowly where sold into private hands as "Right To Buy" exploed in popularity
RICS Valuation Firms have typically valued these properties far below their traditionally built counterparts, as mortgage lenders shy away from lending on Non standard construction or prefabricated reinforced concrete houses as they are still classed temporary, despite them still being perfectly habitable in the 21st century.
About 1.25 million (one million two hundred and fifty thousand) non traditional houses were built after the war, which offers a great affordable housing stock for the UK home buyer or investor.
The majority of non standard property are ex council flats, maisonettes, semi detached or bungalows some of the more popular PRC build types are Reema Hollow Panel, Woolawy Bungalow, Wimpey No Fines and waites construction. Enable Finance Ltd provide non standard construction mortgages even if these non standard properties do not have a PRC certificate or have not had structural engineering works carried out.
If you are a buy to let mortgage investor you will I'm have had problems with the rental yields not supporting the mortgage as property prices have risen over the past few years. These properties could offer a solution; make sure you speak with Enable Finance today.
People buying non standard construction property tend not to pay stamp duty as often the purchase prices are below the stamp duty threshold of 175,000. Concrete properties can really offer a true affordable housing solution.
For a mortgage on a non standard construction property in the United Kingdom please contact Enable Finance Ltd Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Ask for a personalised illustration. There will be a fee for arranging mortgages, normally 1% of the advance, subject to a minimum of 1950 and a maximum of 2450. The fee can usually be added to the mortgage amount.
Prefabricated reinforced or concrete Non standard build properties where originally designed as accommodation as a temporary solution to a housing shortage after the 2nd World War.
The properties where built by the Local Councils and formed part of the housing stock, when the Right To Buy legislation was enacted by Margaret Thatchers conservative party in the 1980's these houses slowly where sold into private hands as "Right To Buy" exploed in popularity
RICS Valuation Firms have typically valued these properties far below their traditionally built counterparts, as mortgage lenders shy away from lending on Non standard construction or prefabricated reinforced concrete houses as they are still classed temporary, despite them still being perfectly habitable in the 21st century.
About 1.25 million (one million two hundred and fifty thousand) non traditional houses were built after the war, which offers a great affordable housing stock for the UK home buyer or investor.
The majority of non standard property are ex council flats, maisonettes, semi detached or bungalows some of the more popular PRC build types are Reema Hollow Panel, Woolawy Bungalow, Wimpey No Fines and waites construction. Enable Finance Ltd provide non standard construction mortgages even if these non standard properties do not have a PRC certificate or have not had structural engineering works carried out.
If you are a buy to let mortgage investor you will I'm have had problems with the rental yields not supporting the mortgage as property prices have risen over the past few years. These properties could offer a solution; make sure you speak with Enable Finance today.
People buying non standard construction property tend not to pay stamp duty as often the purchase prices are below the stamp duty threshold of 175,000. Concrete properties can really offer a true affordable housing solution.
For a mortgage on a non standard construction property in the United Kingdom please contact Enable Finance Ltd Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Ask for a personalised illustration. There will be a fee for arranging mortgages, normally 1% of the advance, subject to a minimum of 1950 and a maximum of 2450. The fee can usually be added to the mortgage amount.
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Enable Finance are qualified UK mortgage brokers who offer a full advice service, for a free quote or to evaluate mortgage rates or to find out more information on non standard construction mortgages please visit our site
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