problem getting mortgages on certain properties?

cleofish

Does anyone know if there could be problems getting mortgages on bungalows in general, oh says hes read something that might but dormer bungalows are ok?? But I cant see why there would be any problem between a bungalow and house?

Ive heard there are problems on certain flats but I thought thats more to do with leases, we also tried to book a viewing on a house and the estate agent had to prewarn us that there were japanese knotweed on site and previously other buyers had problems with their lenders which I can understand.

Not sure of the bungalow thing though?

hazyjo

Not heard anything about probs with mortgages on bungalows.

Japanese knotweed? Run a mile! Can take years to clear (AFAIK!).

Yes, there can be many probs getting mortgages on certain properties (flats and houses) for many reasons, but I doubt you're asking to hear about them all so won't go into it.

Interested to hear if others have had problems with mortgages on bungalows.

Could understand if it has a flat roof, is of 'non-standard construction', or has other issues, mabye...

Jx

FireWyrm

Some bungalows were thrown up after the war and are definitely non-standard construction. You cant get a mortgage on anything less than solid brick and mortar these days so best to check construction very carefully before proceeding very far.

Davesnave

FireWyrm wrote: »

Some bungalows were thrown up after the war and are definitely non-standard construction.

Many thousands of houses were also made from exactly the same materials.

The old pre-fabs are mostly long gone.

I think the OH in this case is simply wrong. Surely every property is judged on its own merits for mortgage purposes.

ACG

Japanese knotweed is a funny one... some lenders run a mile, others dont and some do depending on where the property is (the further north you the more likely they are to lend on it as its colder). I nearly purchased a property myself, the lender insisted ti was treated before exchange (basically excavate it all put down some chemical and returf it... too much hassle so i left it.

As for bungalows, i have never come across any issues. Sometimes you do get bungalows with a converted loft which doesnt meet fire regulations - but all that would mean is that the property will be classed as having the number of bedrooms excluding the loft conversion.

Davesnave

ACG wrote: »

Japanese knotweed is a funny one... some lenders run a mile, others dont and some do depending on where the property is (the further north you the more likely they are to lend on it as its colder). I nearly purchased a property myself, the lender insisted ti was treated before exchange (basically excavate it all put down some chemical and returf it... too much hassle so i left it.

There is no need to to excavate, but lenders probably want guaranteed results.

Correct treatment with syringes of glyphosate at the right time of year will do the job at a fraction of the cost of hiring a professional with digger and a hazardous waste licence. Unfortunately, people don't always follow the correct procedures and fail.

Naturally, if neighbours are also infested with JK, eradication becomes much more dificult.