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
Non traditional construction or prefabricated concrete properties where originally designed as temporary housing as a solution to soldiers returning home after the Second World War and bomb damaged properties.
Most of the properties where built by the Local Authorities and formed part of the housing stock, when the Right To Buy legislation was enacted by the conservative party in the 1980's these properties slowly where sold into private ownership as "Right To Buy" became very popular.
Valuation Firms will value these properties far below their traditionally built counterparts, as traditional mortgage lenders don't tend to lend on Non standard construction or prefabricated reinforced concrete properties owing to their originally temporary use despite them still being perfectly habitable in the 21st century.
It's estimated that there were about 1.25 million (one million two hundred and fifty thousand) of these types of properties built after the war. Which I'm sure you will agree offers a great affordable housing stock.
Enable Finance Ltd provide non standard construction mortgages even if these non standard properties do not have a PRC certificate or have not had remedial works carried out. The more popular non traditional housing is Reema Hollow Panel, Woolawy Bungalow, Wimpey No Fines and waites construction and if not always tend to be ex local authority flats or houses.
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 FREE no obligation quote on a mortgage for non standard construction property please visit Enable Finance Ltd online. 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.
Non traditional construction or prefabricated concrete properties where originally designed as temporary housing as a solution to soldiers returning home after the Second World War and bomb damaged properties.
Most of the properties where built by the Local Authorities and formed part of the housing stock, when the Right To Buy legislation was enacted by the conservative party in the 1980's these properties slowly where sold into private ownership as "Right To Buy" became very popular.
Valuation Firms will value these properties far below their traditionally built counterparts, as traditional mortgage lenders don't tend to lend on Non standard construction or prefabricated reinforced concrete properties owing to their originally temporary use despite them still being perfectly habitable in the 21st century.
It's estimated that there were about 1.25 million (one million two hundred and fifty thousand) of these types of properties built after the war. Which I'm sure you will agree offers a great affordable housing stock.
Enable Finance Ltd provide non standard construction mortgages even if these non standard properties do not have a PRC certificate or have not had remedial works carried out. The more popular non traditional housing is Reema Hollow Panel, Woolawy Bungalow, Wimpey No Fines and waites construction and if not always tend to be ex local authority flats or houses.
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 FREE no obligation quote on a mortgage for non standard construction property please visit Enable Finance Ltd online. 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 expert providers of mortgages and loans within the UK for a no obligation quote on our best mortgage deals or to find out more information on non standard construction mortgages please visit our site
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