PREFAB Mortgage

sonova1503

Does anyone know of any companies that will give a mortgage on a prefab property ? I am currently renting from local authority but hoping to buy. The house was refubished completely 2 years ago but not bricked up , I asked for the spec and it is:
The cladding system was Phenolic insulation, 100mm thick, finished with silicone external mesh and render system supplied by Wetherby building systems, literature is available from their website, . We also used a concrete repair system produced by SIKA ,

surveys were done at the time and I presume that they must of been ok to go ahead with the work, I asked for a copy of the survey but received the following reply.

Our engineers report was to indicate the amount of chlorites and carbonation penetration to ensure we could repair the concrete. This report was for NDH and cannot be used for mortgage purposes as the work was not commission for you and the reports were for the sole use of NDH, this is standard for most surveyors and engineers reports.

I have a very large plot of land so that alone would be worth more than the purchase price of the house


hopefully someone out there can help me and advise me further

thanks for your time
Sonova

Din85

You need to find out what type of construction the house is ?

You say its prefabricated, but there are lots of different types.

A lot of the houses on a local estate to me are BISF houses, they have been externally insulated etc with a similar system to yours, these are mortgageable with some high street lenders.

Others are not !

ed110220

You will definitely need to know the name of the construction system as there are a large number and some are acceptable for mortgaging and others not without an approved system of repair.

As you speak of tests for carbonation, this would suggest one of the precast reinforced concrete (PRC) systems, which generally need an approved repair method to be mortgageable. The commonest PRC systems are probably Cornish and Airey, but there are many others such as Tarran-Newland, Reema, Hawksley-Schindler etc.

On the plus side, phenolic insulation is the way to go for cutting heat loss, much better than any brick!

Ed

sonova1503

it is a Woolaways construction, thanks for your replys any further advise much appreciated

D00gie72

I recently tried to get a mortgage on a Woolaway bungalow. If your's is a house it may be more difficult to get a mortgage. You will need to find out when it was built (the more recent the better) and also find out if its on the defective list. This doesn't necessarily mean there's something wrong with the house - but there is a list of construction types and ages of properties that most lenders will not loan on.
If the refurbishing that you mention was done by a certified buildier and you have whats called a PRC certificate you may be ok.
Also there are specialist mortgage brokers out there who specialise on getting mortgages on these properties - but you will be paying much higher than high st rates. HTH