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Mortgages On Log Cabins
KHD_3
Posts: 1 Newbie
I cant find a lender that will lend on a residential lease hold log cabin the building is brand new, meets all current building regs, has an architect sign off cert and has a 999 year lease - The mainstream timber home lenders want 14% interest for a holiday home lease hold but still wont touch residential lease hold.....Any ideas??:(
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Comments
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Is the property a holiday home or a residential property? What are the terms of the lease regarding occupation?0
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There's a few small private label lenders and possibly a couple of small building societies (I did one of these a year back). Ask your broker for illustrations on these.0
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