Home > Off Topic > Any Mortgage advisors out there? Non standard build..... |
|
|
mjdronfield Member Since: 04 Nov 2011 Location: Derbyshire Posts: 7799 |
I’m looking to get a mortgage on what was my Grandparents house, as they are no longer with us..... but it was a post war prefab construction, though designed to be permanent. Been there 68 years with no issues, but I’m struggling as it’s not brick.... it has a tiled roof now and extra cladding.
|
||
22nd May 2019 7:28pm |
|
mjdronfield Member Since: 04 Nov 2011 Location: Derbyshire Posts: 7799 |
Thanks. That’s a thought. I’ve not had a no from the mortgage brokers, but I’m pretty sure it’s coming.....
|
||
22nd May 2019 8:06pm |
|
Andy S Member Since: 16 Jun 2013 Location: Sevenoaks Posts: 1019 |
It’s because its a ‘non traditional’ (ie not brick and mortar). Most lenders want stuff which is straightforward and easy to shift if they have to enforce their security and so won’t touch this kind of thing. Most post war prefabs were meant to be short life - many were made in aircraft factories turned over to civilian work- but 70 years on, many still exist and are loved by their residents. That sadly doesn’t mean lenders will take them.
|
||
22nd May 2019 8:10pm |
|
ilard Member Since: 21 Oct 2012 Location: London Posts: 708 |
You could get a secured loan, I guess, but typically a). Shorter term, b). Lower advance, c). Higher interest.
|
||
22nd May 2019 8:18pm |
|
mjdronfield Member Since: 04 Nov 2011 Location: Derbyshire Posts: 7799 |
Many thanks. It was designed to be permanent from the outset, but as you say, seems it’s not straightforward. It’s made of aluminium but has been modernised somewhat since then.
|
||||
22nd May 2019 8:25pm |
|
Andy S Member Since: 16 Jun 2013 Location: Sevenoaks Posts: 1019 |
BISF is a known system, stands for British Iron and Steel Federation. As you say, made of Ally, so likely the components were built in an aircraft factory in the late 1940s. It has had what looks like some form of repair in the form of over cladding, most likely to increase the insulation value.
|
||
22nd May 2019 8:41pm |
|
mjdronfield Member Since: 04 Nov 2011 Location: Derbyshire Posts: 7799 |
That’s exactly what my Grandparents did. Rented from council from 1951 and bought it in 1980 I think.
|
||
22nd May 2019 8:51pm |
|
AndyPandy Member Since: 07 Mar 2024 Location: Gloucestershire Posts: 1 |
Hi there, I know that Gloucester has a number of non standard Hawksley BL8 bungalows which were built in the 1940s after the second world war by Hawksley Consuction, which was part of Hawker Siddley Group. I saw on a non standard housing website forum that Mortgage Brain who are based in Gloucester might consider lending a mortgage against a Hawksley bungalow. Maybe worth a call. |
||
7th Mar 2024 3:48pm |
|
mjdronfield Member Since: 04 Nov 2011 Location: Derbyshire Posts: 7799 |
Thanks, but the thread is from 2019, I didn’t manage to sort anything unfortunately and an old couple from down south paid cash for it so they could relocate to be nearer family….. 2011 Range Rover Vogue SE 4.4 TDV8
|
||
7th Mar 2024 5:55pm |
|
|
All times are GMT |
< Previous Topic | Next Topic > |
Posting Rules
|
Site Copyright © 2006-2024 Futuranet Ltd & Martin Lewis