pre Fab Advice

mummy2014

Good Morning All

Last night I was reading the Home Buyers report that we have justs had done on the house that we are in the process of buying. In the report it says that it is built of the Cornish style. When I looked t this it comes up with a form of prefab housing. On the mortgage offer it says that the house is built of a none standard construction.

Should we have been alerted to the fact that this house is a pre-fab earlier as I think we are going to pull out now.

Any advice is hugely appreciated.

Davesnave

Cornish style houses were often repaired while in council ownership, and those that weren't are very obviously of concrete panel construction. The Cornish houses on the left in this scene are repaired:

https://www.instantstreetview.com/@51.399026,-2.393687,187.48h,-0.06p,1.46z

Is the house you offered on repaired in brick or block? It seems it's mortgageable.

While in an ideal world you should have been told about the non standard original construction, the concrete panels are very obvious on non-converted properties, and they no longer exist on the others.

What you do now is your decision alone. If you have offered on a mortgageable property and you turn it down because of survey results, you are no different from thousands of others who do the same.

moneyistooshorttomention

Personally - I would have expected to be told and regarded it as "pulling a fast one" not to tell me.

When househunting prior to buying current house - I was told that one of the properties was non-standard (by the house-owner - who was actually being honest with me). The EA hadn't mentioned it !

I know the style Dave mentions and it's pretty distinctive and I recognise it as being one of those just by a quick look at that style. I wouldnt have had the faintest idea with the property I looked at here - as it looked just like any other bog-standard bungalow here and, in fact, looked pretty nice to me. I rejected it anyway because of the location and would have rejected it on those grounds alone personally.

As Dave says - you have been given a mortgage offer on it. On the other hand - this may be a particular company that isn't that bothered about this. Other mortgage companies may be bothered about it (ie future buyers).

Davesnave

moneyistooshorttomention wrote: »

As Dave says - you have been given a mortgage offer on it. On the other hand - this may be a particular company that isn't that bothered about this. Other mortgage companies may be bothered about it (ie future buyers).

Lenders won't be 'bothered' if the concrete panels no longer exist, whereas if they do, my understanding is that no lender will now touch Cornish units.


I'd say it's very likely that this particular property has been repaired.