Solid Poured Concrete - Advice

Jo.1981

My financee and I would like to put an offer in on a house its an older house so we instrcted a scheme 2 survey. The report shows that the house is constructed of solid poured concrete and our mortgage advisor tell us we probably won't get a mortgage for the 100% we need to put in an offer but only 75%. She has offered looking at other providers who might offer 97% LTV (Clarification on what LTV means would be nice) but here's the catch the property has planning permission to turn it back to a house from a cafe which we would plan to do but the mortgage people are telling us they might not realise all the funds until the renovation work is completed.

Any advise on mortgages on poured concrete properties and renovation projects would be nice.

P.s I am in scotland

prutter

LTV is loan to value - ie. how much they're loaning you as a percentage of the total value of the property.
We've recently been successful in getting a 95% mortgage on a 1950's Wimpey No-Fines build house (which is also poured concrete - with 'no-fine aggregate).
Not sure if this helps...

I'm no expert, but would expect the lender to withold funds until the work has been done to turn it back into a dwelling.....