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  • FIRST POST
    • Dragonek80
    • By Dragonek80 19th Sep 16, 8:02 PM
    • 8Posts
    • 0Thanks
    Dragonek80
    Mortgage with Concrete construction
    • #1
    • 19th Sep 16, 8:02 PM
    Mortgage with Concrete construction 19th Sep 16 at 8:02 PM
    Hey guys,

    I was wondering whether there are lenders who do not give mortgages for houses constructed with concrete, specifically with Laing Easiform (type 3) used in the 50-ties ?. It is the late version of the concrete that was pored in situ (rather than being true prefab).
    Would some lenders still not mortgage it just because it is build from non conventional material ? (I take for granted that structural survey is good )

    Anyone has any experience with Laing Easiform (type 3) house first hand ?

    Thanks
Page 1
    • Kjd123
    • By Kjd123 19th Sep 16, 8:48 PM
    • 11 Posts
    • 11 Thanks
    Kjd123
    • #2
    • 19th Sep 16, 8:48 PM
    • #2
    • 19th Sep 16, 8:48 PM
    I don't know about this specifically. You may be best contacting a good surveyor.
    • amnblog
    • By amnblog 20th Sep 16, 8:18 AM
    • 8,637 Posts
    • 3,234 Thanks
    amnblog
    • #3
    • 20th Sep 16, 8:18 AM
    • #3
    • 20th Sep 16, 8:18 AM
    There are lenders that will consider these properties.

    Those that won't have a concern about ability to re-sell, as should you if you are a potential purchaser.

    If you are a current owner, ask your neighbours who they are mortgaged with.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • stator
    • By stator 20th Sep 16, 9:31 AM
    • 4,913 Posts
    • 3,104 Thanks
    stator
    • #4
    • 20th Sep 16, 9:31 AM
    • #4
    • 20th Sep 16, 9:31 AM
    Post office, Santander both accept these types of properties.
    I believe most lenders do without any problems whatsoever.
    If you phone up any lender and ask them specifically about "Laing Easi-form" they will contact the underwriting department and find out for you.

    The only worry is if there are cracks, particularly around the windows. If the house has been neglected and water gets in to cracks near the windows then the steel bars which go around the house above and below the windows can rust, which would need repair. If the house has signs of this I wouldn't bother with it as you could waste hundreds of pounds on specialist surveys and repair quotes and the bank might still refuse to lend until the work is complete.
    If the house is in good condition then Laing Easi-form can be a good choice.

    I currently own a Laing Easi-form house. Some insurers don't like it but there are still plenty that do. I'm with AXA
    Last edited by stator; 20-09-2016 at 9:36 AM.
    Changing the world, one sarcastic comment at a time.
    • Dragonek80
    • By Dragonek80 22nd Sep 16, 9:16 PM
    • 8 Posts
    • 0 Thanks
    Dragonek80
    • #5
    • 22nd Sep 16, 9:16 PM
    • #5
    • 22nd Sep 16, 9:16 PM
    Thanks for your help guys
    • drp
    • By drp 23rd Sep 16, 12:19 AM
    • 11 Posts
    • 5 Thanks
    drp
    • #6
    • 23rd Sep 16, 12:19 AM
    • #6
    • 23rd Sep 16, 12:19 AM
    I have had a mortgage on a concrete house which was built in the 1950s they were built by wimpey they were shuttered and poured then pebble dashed the walls are 18inch thick they are still selling well to this day and people are still getting mortgages for them they will probably last longer than some of the newer houses getting built today.
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