* Have a AIP for mortgage, but now going to view concrete building *

Scott

It'd be hugely helpful for you to try and find out the SPECIFIC kind of concrete construction it is. All the different methods/materials have different trade names and numbers, and this is what determines for several lenders if it's completely ok to run with, slightly dodgy or a complete no-go, and if a previous valuation has been run on the property the info should be available.

CharleneUK

Just an update to tell you that it was precast concrete, built after the war, so was basically a no no. The house has been on the market for over 6 months, and we'd have to think about re-selling in the future.

In other news, LloydsTSB have a 'great' looking mortgage which starts at 1.99 moving on to 5.9, with a £999 arrangement fee. I've contacted a mortgage broker from here, so hopefully we can sort something else out, but this does seem like an attractive offer!!

MortgageMamma

Be careful if going onto a stepped mortgage, they are usually only suitable for people who's income will definitely rise substantially due to career progression

AndrewSmith

CharleneUK wrote: »

In other news, LloydsTSB have a 'great' looking mortgage which starts at 1.99 moving on to 5.9, with a £999 arrangement fee. I've contacted a mortgage broker from here, so hopefully we can sort something else out, but this does seem like an attractive offer!!

I don't normally follow on from another post simply to echo a point however I am compelled to re-iterate the cautions when looking at a stepped rate product, especially in respect of redemption penalties and tie in's along with the sudden jump in interest rate.

Cheapest is not necessarily best.

heavenly_heaven

i just wanted to add that i have a mortgage on a concrete tower block with Hsbc, the rates are not the best but they will do for most subject to valuation. the only problem is when it comes to changing to other banks there is little or no choices which limits your ability to get the best deals