PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Construction of building

Looking to view a property built late 1800s that was rebuilt with block concrete and steel as a result of war damage. It 's advertised at a cheaper price than I would expect for the area (so I think I may know the answer somewhat) but does that limit the lifespan of the building - the integrity of construction due to age? I've heard concrete building can result in structural issues after some years. All advice welcome - thanks!

Comments

  • Hoploz
    Hoploz Posts: 3,888 Forumite
    It's going to make getting a mortgage more difficult than a standard construction house, as yes there is possibility of problems with concrete structures.

    I'd pay the extra for a standard house which won't have this issue and will be easier to sell on later
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Your post isn't entirely clear. Concrete block and steel could be standard construction, whereas poured concrete/concrete panels reinforced with steel might not be.

    However, if the house is cheaper than comparables, this probably reflects a question mark over longevity, and thus potential difficulties with obtaining finance on it.

    You really need to know more info. There are some non-standard methods of concrete construction which are mortgageable, at least with some lenders, but this is a specialist area which needs very specific advice.
  • theartfullodger
    theartfullodger Posts: 15,715 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You might want to ask the Italian Ministero dei Beni e delle Attività Culturali e del Turismo what they think, their Pantheon in Rome having a huge concrete dome about 2,000 years old & still standing...

    https://en.wikipedia.org/wiki/Pantheon,_Rome
  • Rain_Shadow
    Rain_Shadow Posts: 1,798 Forumite
    You might want to ask the Italian Ministero dei Beni e delle Attività Culturali e del Turismo what they think, their Pantheon in Rome having a huge concrete dome about 2,000 years old & still standing...

    https://en.wikipedia.org/wiki/Pantheon,_Rome



    Are they trying to get a mortgage on it? ;)
    You can pick your friends and you can pick your nose but you can't pick your friend's nose.
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Davesnave is right


    You do need to get more information on it, and you may also (if you decide to buy and find the right lender) have to pay for a full structural report on the property. You'd need to budget about £1k for that report.


    Go back to the estate agent and insist they tell you what kind of construction it is, if they don't know they seller should or the sellers previous solicitor should. Somewhere along the line someone will know, you just need to get your Sherlock hat on.

    MM
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • dancingfairy
    dancingfairy Posts: 9,069 Forumite
    Non standard construction can be a pain. You may struggle to get a mortgage although it does depend on exactly what sort of concrete construction it is.
    Mundig blocks are common in some areas and may be mortgageable, I'm not sure on other types.
    Are there are other similar ones nearby?
    I'm wondering whether you can do anything with the house, get a new structure built and get it tied or whether you'd want to remove all the concrete and rebuild in brick?
    It could be a can of worms anyway. Do lots of research.
    Df
    Making my money go further with MSE :j
    How much can I save in 2012 challenge
    75/1200 :eek:
  • Cisco001
    Cisco001 Posts: 4,165 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Concrete block with steel??

    Are you talking about steel frame with concrete block. Or Steel frame with pre-cast panel/ cladding.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Mundig blocks are common in some areas and may be mortgageable, I'm not sure on other types.
    Defective Mundic blocks are only an issue with properties in the South West of England: mostly Cornwall and some areas of Devon, but they are unrelated to steel reinforcement.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.