Non standard construction mortgage possible??!

kingstreet

The three Easiform types on my BRE guide say category C, only acceptable when subject to a certified repair scheme.

Unmortgageable in original form as defective under 84 & 85 Housing Acts.

amnblog

Forget it. There is a reason these properties are so inexpensive.

stator

kingstreet wrote: »

The three Easiform types on my BRE guide say category C, only acceptable when subject to a certified repair scheme.

Unmortgageable in original form as defective under 84 & 85 Housing Acts.

The house isn't Easiform, but even if it was Laing easi-form is accepted by most lenders, apart from a few of the very early Type I houses or any with mundic problems.

kingstreet

Sorry, I have;-

Easiform (Laing) In-situ Concrete C

Easiform (Type 1) In-situ Concrete C

Easiform (Type 2) In-situ Concrete C

and have given the findings based on shardi's post.

For an accurate assessment, as I said earlier;-

You need to establish what the construction method was.

We can't simply go to a lender and say "it's non-standard construction" and they say "okay then."

First question(s) they ask is/are "what is the construction method and year of construction?"

and I promise not to feed those who speculate on the construction style again...

stator

Easiform Type 2 is very common and certainly acceptable to BOI, Santander and any other lender I have ever asked.

xdulciex

Okay,
So I've now found out that the property is laing easiform and that the other houses in the area are of the same construction type. As this is not on the designated defective list am I still likely to have issues with a mortgage?
I'm a FTB with an 18% deposit so not massive. Has anybody managed to get a mortgage for a house of this type without a large deposit?

stator

xdulciex wrote: »

Okay,
So I've now found out that the property is laing easiform and that the other houses in the area are of the same construction type. As this is not on the designated defective list am I still likely to have issues with a mortgage?
I'm a FTB with an 18% deposit so not massive. Has anybody managed to get a mortgage for a house of this type without a large deposit?

I have a 95% mortgage on a Laing Easi-form.
It's no harder than any other mortgage to get, unless there are signs of defects on the structure of the house. Phone up the lender and ask if it's acceptable, they will phone through and ask the underwriters. They've always said yes to me.
Do you know when it was built? If it's Type 1, some of those have problems.

Easi-form houses have a tell-tale cut-off corner in the upstairs bedrooms. I can't see that in any of the sold houses on that street.

jackomdj

Personally I would not buy it.

My old house I bought quite happily. When I came to sell it the rules had changed and houses in my area built in a certain time period the mortgage companies insisted on a municipal test. Yep, grade C Mundic (concrete cancer), which meant it wasn't mortgageable. So I had to find a cash buyer who knew what they were taking on. In the end a structural engineer bought it for 2/3 of the initial offer I received.

So although it may be mortgeable today you don't know if this will be the case a few years down the line.

xdulciex

Thanks everybody. The place was built in the 1960's and although the images do not show the third bedroom when viewing the place I did notice that there was a cut off corner :-)

stator

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