I'm looking for a special mortgage to buy an-ex council property.

AndyWallace

Hiya Kenshaz
Hiya MorgageMamma
Hiya AbsoluteBouner

MortgageMamma

Hiya Andy

Luv

morgagemamma x

kenshaz

AndyWallace wrote: »

Hiya Kenshaz
Hiya MorgageMamma
Hiya AbsoluteBouner

Yes Andy I remember your response to Martin's post.Me and the elephant.

homer_j_3

wb kenshaz

kenshaz

homer_j wrote: »

wb kenshaz

Thank-you homer_j The broker who won my respect.He is the most honest,straight talking broker around,good to hear from you old fellow.

gregory77

herbiesjp wrote: »

Nothing wrong with ex-local authority properties to purchase via banks, unless the construction type is non standard

Is it a concrete build os some sort? Is it a high rise block - if so how floors are there in the block?

Here is what the evaluation says:

Description:
The Property comprises a purpose built THIRD FLOOR FLAT within a ten storey block.

Construction:
The nature of the construction is difficult to determone, however the main walls appear to be of concrete and brick construction rendered externally. The roof is flat construction assumed to be clad woth felt or similar materials.


Non standard accomodation.

gregory77

MortgageMamma wrote: »

The main issue is that it is nine stories high and nto many lenders will look at that, also if its concrete construction as are most high rise flats then thats another issue. you have a good deposit and only need to borrow a small amount, so if you use a whole of market broker then you should not have any problems finding the mortgage. beware of these "specialist" right to buy companies on the telly, they will charge you a whopping fee and most only work with one or two lenders.

MM

Here is what the evaluation says:

Description:
The Property comprises a purpose built THIRD FLOOR FLAT within a ten storey block.

Construction:
The nature of the construction is difficult to determone, however the main walls appear to be of concrete and brick construction rendered externally. The roof is flat construction assumed to be clad woth felt or similar materials.


Non standard accomodation.

herbiesjp

YOur best bet is to get in contact with a whole of market adviser, who will be able to find out very quickly if you will be able to get a mortgage on the property, and if so, which lenders would agree it for you

JoeK_3

Was the valuer an employee of the bank or independent?

If it was an independent valuation, the valuer will be able to tell you which lenders will lend on that type of property.

Give them a call

JoeK

djohn2002uk

Just bear in mind that the same problems will be there when you come to sell.