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Concrete built house advice
mummyroysof3
Posts: 4,566 Forumite
Have seen a house we like but have never come across this before. Is there anything we should be aware of?
Have a Bsc Hons open degree from the Open University 2015 :j:D:eek::T
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Mortgage companies don't like them. This is an old blog of Martin's about them http://www.makingmoneyfromproperty.tv/articles/20090427.................
....I'm smiling because I have no idea what's going on ...:)0 -
As Errata said there are some potential issues with PRC houses however a lot depends on what has been done and when the house was build.
For example we are seeing an increase in developments of concrete housing now pumped between polystyrene to allow super low U Values. have you got any information on the tyoe of concrete build.0 -
Have you got a photo or a rightmove link? Someone may be able to tell you the actual brand of construction and then you can find out about mortgage implications. Is it ex-local authority housing?
Some properties have had remedial works done to make them safe and mortgageable, but you have to check the work has been properly certified otherwise your lender may not accept it.0 -
I wasn't aware until after arranging a viewing. Should I ask the ea and I thinkishould ring my mortgage company too shouldn't I?Have a Bsc Hons open degree from the Open University 2015 :j:D:eek::T0
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The mortgage company will want to know exactly what type of property construction it is - they have brand names like Airey, Cornish Unit, Reema, Unity, Wimpy No-fines etc, and they probably won't commit to anything until they know this. Also, if certain work has been done, it may be fine and they may be happy to lend on it BUT as I said, you need proof of the work and confirmation it has been done to mortgageable standard.
Do you have the postcode - we can check it out on Google Street view and someone may be able to give you a name for it?0 -
The posters on here will know more and tell you more than an EA.mummyroysof3 wrote: »I wasn't aware until after arranging a viewing. Should I ask the ea
That's because people on here live all over the country and in different types of housing, there as the EA works for the vendor to sell the property.I'm not cynical I'm realistic
(If a link I give opens pop ups I won't know I don't use windows)0 -
I have a Nationwide guide which sets out the construction types/names and their mortgageability in unrepaired and repaired conditions.
As Werdnal said, we need to know the construction method/name and the approximate year of construction.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I will get a link later for you and try to figure out type and year built tooHave a Bsc Hons open degree from the Open University 2015 :j:D:eek::T0
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Have a Bsc Hons open degree from the Open University 2015 :j:D:eek::T0
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A google search suggests concrete houses in the Nottingham area are "no fines" construction so possibly that."You've been reading SOS when it's just your clock reading 5:05 "0
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