Mortgage for a Concrete Construction Property?

Col.Mastard

Is it possible to get a mainstream mortgage on a ‘Wimpey No Fines’ concrete constructed property?

Many Thanks

JoeK_3

Col.Mastard wrote: »

Is it possible to get a mainstream mortgage on a ‘Wimpey No Fines’ concrete constructed property?

Many Thanks

The best way to find out is to phone a national house surveyor and ask them which lender will lend on this type of property.

JoeK

wardlaw

You can obtain a mortgage from a number of lenders

Howeverr, the loan to value may be resticted

John

Col.Mastard

wardlaw wrote: »

the loan to value may be resticted

How high a LTV, are they willing to Go?

JoeK_3

Col.Mastard wrote: »

How high a LTV, are they willing to Go?

This can depend on the lender.

There are lenders that will lend on anything but interest rates are higher.

Contact Allied Surveyors for a list of lenders.

JoeK

Col.Mastard

I heard GMAC do this on 90% LTV, does anyone know if this is true?

Many Thanks

toonfish

Royal Bank of Scotland might be worth a call, they're quite flexible

Mr_helpful

If Gmac will do it you can bet on any of the HBOS group Colleys surveyors will tell you.

MortgageMamma

I did one of these back in Jan went with HBOS, there are other lenders who did it also, I think infinity mortgages had quite a high LTV on them but I am going off memory here so please dont take action on what I have said. If you tell me your income, how much you want to borrow, I will call my networks mortgage desk and get the names of some more lenders for youMM

wardlaw

Col.Mastar
I hope this might be of CONCRETE PROPERTIES

Please find below details of lenders that would consider Concrete Properties
LENDER TEL NUMBER COMMENTS
Accord Mortgages https://www.accordmortgages.com or contact local branch Certain conditions apply – refer to lender
Bank of Ireland Contact local branch Max 75% LTV

Bristol & West Contact local branch Certain conditions apply – refer to lender
Cheshire B/S https://www.thecheshire.co.uk Each case subject to merit.
Leeds & Holbeck B/S 0113 2257889 Providing house was built after 1950 and a block test completed successfully.
Mortgage Express 0500 050020 Certain conditions apply – refer to lender
National Westminster 0845 3020192 Subject to relevant guarantees & certificate confirming work completed & valuer’s comments re: Marketability
Nationwide 0800 30 20 10 Each case subject to merit
Northern Rock 0870 241 3080 Each Case subjects to merits and valuers discretion
Norwich & Peterborough 0845 3003444 Each case subject to merit
Preferred Mortgages 01444 447755 Refer to lender

Southern Pacific Mortgage Ltd 0207 920 1000 Some properties allowable, refer to Lender
The Mortgage Business 08457 253253 Certain conditions apply
Date: 24/02/05
some assistance

dwight-van-man

Northern Rock will do standard or Together on Wimpey No Fines - subject to favourable valuer comment of course!! Although policy on flats varies from area to area