Wooden electrical masts near a property

twink1108

Hiya, does anyone know if a mast within 50yd would stop a mortgage company from lending or stop a potential tenant from renting?

Davesnave

twink1108 wrote: »

Hiya, does anyone know if a mast within 50yd would stop a mortgage company from lending or stop a potential tenant from renting?

We have been talking mainly about poles, not 'masts.' The next thing up from a pole is a pylon.

Poles 50yd away generally don't alter value, so shouldn't affect lending on a property, but pylons nearby will devalue a house to some extent, just like proximity to a main line railway or a busy road.

Lenders will take this into account through the valuation survey, which determines the amount they'll lend.

It would be unusual for lenders not to do business on a property just because it is near a pylon. They are interested in what it's worth and whether it seems likely to fall down, not what the view is like!

Tenants in general will rent a property if they think it gives them good facilities and value at a given price. As they can move when they please, they probably won't care as much about a view of a pole or pylon as a long term owner.