Non Standard Construction / BISF Help

studio500

Lifespan is now considered similar to brick.
Only a few houses have major problems re corrosion.
Abbey (Santander) lend on BISF and insure.
They are easy to maintain and upgrade.
Halifax are happy to insure also.
If the area is nice and well kept they have no problem selling and some can reach £250k Plus depending on the area.

Hope this helps

Whoops just seen how old thread is lol

May be of use to others :0)

Any probs pm me

PasturesNew

S/he bought it: http://forums.moneysavingexpert.com/showpost.php?p=39593320&postcount=23

Richard_Webster

We have a BISF near where I live with palm trees all round it! I keep wanting to take a picture of it and tell people this was a house of a local in some exotic location rather than SO18!

jonnyboy232

Hi,

We are thinking of buying a BISF property and just wondered what people's views were about them currently? I've mean reading lot's online and some people say they are terrible and wouldn't touch with a barge poll and you can't get mortgages or insurance etc..whilst some say the complete opposite...so it's really confusing. I have looked into Mortages and Halifax and Santandar lend although other's don't. Only got around to phoning one insurer and they said it's no problem and would cost the same as a regular brick built house.

I know a good few years ago there were not many lenders and insurance policies could cost more so why has that changed? Would have thought the older these properties got, the less likely they would insure or mortgage them? I keep reading they were only meant to last 30 - 50 years??

The one we are looking at has had all the upgrade done, with upvc panels and better insulation so maybe that makes a difference with the insurance and mortgage although I don't remember them asking if they had been upgraded

Any info would be helpful

Cheers

cymru81

Hi, sorry to jump in on this thread but saves starting a new one! when asked during buildings and contents quote, how do you describe the construction of a BISF house? Halifax have just told me they do not insure this type of construction yet they were happy to lend me a mortgage on it!

studio500

I own a fantastic BISF house which my mother lives in and the house is currently insured with the Halifax.
When describing the house you simply have to mention that it is of non traditional construction.

I have however heard one other person state that they had called Halifax only to be told they don't insure BISF properties.

I will try to confirm this today with the Halifax and let you know,

studio500

Update
According to Halifax since being taken over by Lloyds they now have to look at each property on a individual basis and don't automaticaly grant buildings insurance to all BISF houses like they did in the past.

I do know that Abbey (now Santander) still offer buildings insurance if you have a mortgage with them.

There is also a lot of info available here at https://www.bisfhouse.com

Hope this helps.

cymru81

thanks studio nice link too, how often is it updated?

ruggedtoast

In an an electrical storm bisf houses make all your fillings go magnetic. Fact.

kk20

wow, i'd buy the house for that reason alone as being able to turn non magnetic substances into magnetic amalgam would be a miracle. Perhaps they turn lead into gold too? :T

Then again if it did miraculously change the atomic structure of your fillings I would avoid an MRI.